Polychain, Dao5, and DCG collectively hold approximately $350 million worth of Bittensor tokens
Decentralized AI project Bittensor has raised over $200 million in venture capital, as disclosed by Fortune magazine. Sources reveal that Polychain, a venture capital firm founded by Olaf Carlson-Wee, an early employee of Coinbase, incubated Bittensor in 2019 and holds approximately $200 million worth of Bittensor token TAO. In addition, another source revealed that 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 is another supporter of Bittensor, holding approximately $100 million worth of TAO, with a DCG spokesperson declining to comment.
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