According to CoinMeta, Arthur Hayes has been appointed as the CEO of Flop Labs, and it was revealed that the company plans to conduct a “major airdrop” in the fourth quarter of 2026. Hayes stated that he will lead Flop Labs and updated his social media profile to reflect his role as the company’s CEO. Flop Labs is developing a network, and AI agents will be responsible for paying for computing and other services. The genesis block of this network is expected to be launched at the beginning of 2027, with more details to be announced later on.