Polychain, DCG and dao5 hold a total of $350 million in TAO tokens
Golden Finance reported that 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 company founded by early Coinbase employee Olaf Carlson-Wee, invested in 2019. It incubated Bittensor in 2016 and holds approximately US$200 million in Bittensor token TAO. In addition, 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, according to a person familiar with the matter. Digital Money Group, another Bittensor backer, holds about $100 million worth of TAO, a DCG spokesperson declined to comment.
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