Deep Tide TechFlow News, July 22, according to The Block, xTAO Company announced today that it has received final approval to list on the Canadian TSX Venture Exchange (TSXV) on July 23, with the stock code XTAO.U. At the same time, the company completed a $22.8 million financing, with investors including well-known digital asset venture capital firms such as Digital Currency Group (DCG), Animoca Brands, Arca, Borderless Capital, and FalconX.
xTAO was founded by Karia Samaroo, the former CEO and Chairman of the Canadian cryptocurrency exchange WonderFi. The company's core goal is to promote the development of the Bittensor ecosystem by developing data, computing, and machine learning models. Bittensor is seen as 'the Bitcoin of the AI field' and is a decentralized AI platform that allows users to earn TAO token rewards by contributing intelligence.
DCG founder Barry Silbert previously stated that Bittensor's native token TAO has the potential to become the next Bitcoin. DCG established its artificial intelligence subsidiary Yuma last November, focusing on supporting the development of Bittensor.
