Polychain, DCG and dao5 together hold $350 million in TAO tokens
2024-04-15 15:19:43
According to Fortune magazine, the decentralized AI project Bittensor has received more than $200 million in venture capital. According to people familiar with the matter, Polychain, a venture capital firm founded by early Coinbase employee Olaf Carlson-Wee, incubated Bittensor in 2019 and holds about $200 million in Bittensor token TAO. In addition, according to a person familiar with the matter, Dao5, an investment fund founded by Polychain alumnus Tekin Salimi, holds $50 million worth of TAO and is also an early supporter of the Bittensor ecosystem. Digital Money Group, another Bittensor backer, holds about $100 million worth of TAO, a DCG spokesperson declined to comment.
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