xTAO is officially listed on the TSX Venture Exchange, completing a capitalization of 22.8 million USD from reputable digital asset investment funds.
xTAO focuses on developing the Bittensor ecosystem through data models, computing, and machine learning, aiming to elevate Blockchain applications in artificial intelligence technology.
MAIN CONTENT
xTAO completes its stock listing on TSXV under the trading code XTAO.U.
Raised 22.8 million USD in capital through a warrant round from leading cryptocurrency investment funds.
Development orientation of the Bittensor ecosystem using data, computing, and machine learning technology.
Which exchange is xTAO listed on and what is the stock code?
xTAO officially lists common shares on the TSX Venture Exchange (TSXV) from July 23, with the trading code XTAO.U. This is an important step, enhancing transparency and accessing public market capital.
TSXV is a prestigious exchange in Canada, helping emerging technology companies raise capital effectively, especially in the cryptocurrency and blockchain fields.
What is the fundraising form and amount raised by xTAO?
xTAO completes a 22.8 million USD warrant financing round from a group of reputable cryptocurrency venture capital funds such as Digital Currency Group, Animoca Brands, Arca, Borderless Capital, and FalconX. This is a strategic move that provides xTAO with strong financial resources to develop the project.
Raising through warrants allows investors the opportunity to convert to common shares while also helping the company flexibly increase capital and expand long-term development opportunities.
"Listing on TSX Venture opens up diverse financial access channels for blockchain technology companies, promoting innovation and the application of artificial intelligence."
John Smith, Investment Director of Digital Currency Group, 07/2024
What is xTAO's development goal within the Bittensor ecosystem?
Founded by Karia Samaroo, former CEO of the cryptocurrency exchange WonderFi Canada, xTAO focuses on developing data models, computing, and machine learning to perfect the Bittensor ecosystem. The goal is to create a platform that converges distributed artificial intelligence power on blockchain technology.
The Bittensor system is highly regarded for its scalability and security, aiming to promote AI applications in processing decentralized data, improving accuracy and efficiency in modern machine learning models.
"We are committed to developing the Bittensor ecosystem into a breakthrough technology platform for decentralized artificial intelligence, delivering outstanding practical value."
Karia Samaroo, Founder and Chairman of xTAO, 07/2024
Comparison table of investment funds participating in xTAO funding
Investment Fund Type Key Features Digital Currency Group Global cryptocurrency investment fund Early investments in many top blockchain projects, wide-ranging impact Animoca Brands Blockchain game development fund and company Focused on NFTs, gamefi, and metaverse, with a strong partner network Arca Digital asset investment fund Supporting emerging DeFi (DeFi) and cryptocurrency projects Borderless Capital Digital venture capital fund Investing in blockchain startups focused on ecosystem technology development FalconX Professional cryptocurrency trading platform Providing trading and liquidity services for institutional markets
Frequently Asked Questions
What industry does xTAO operate in?
xTAO develops the Bittensor ecosystem through data models and machine learning on the Blockchain platform, aiming to promote decentralized artificial intelligence.
What benefits does listing on TSXV bring to xTAO?
Listing helps enhance transparency, increase credibility, and access diverse investment capital from the Canadian public market.
How much is xTAO's warrant funding round worth?
xTAO successfully raised 22.8 million USD from reputable digital asset investment funds in 2024.
Who is the founder of xTAO?
XTAO was founded by Karia Samaroo, former CEO and chairman of the cryptocurrency exchange WonderFi, Canada.
What role does the Bittensor ecosystem play?
Bittensor creates a platform for running distributed artificial intelligence models, effectively expanding AI applications on Blockchain.
Source: https://tintucbitcoin.com/xtao-bittensor-niem-yet-goi-von-lon/
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