TAO, the native cryptocurrency of the Bittensor network focused on the decentralized artificial intelligence sector, has been adopted as a strategic reserve asset by two Nasdaq-listed companies.
Synaptogenix and Oblong, listed on one of the world's largest stock exchanges, have announced Million-dollar investments in the TAO cryptocurrency, boosting its price by nearly 10% weekly, reaching $430 per token at the time of writing. This institutional adoption of TAO, and its recognition as a strategic store of value, is also driving its daily trading volume to record levels, exceeding $180 million.
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The company Synaptogenix, a biopharmaceutical company focused on the treatment of neurodegenerative diseases, said which plans to acquire TAO for an initial value of $ 10 million dollars, with the intention of scaling up to $100 million. Its investment plan, as several media outlets have highlighted, even exceeds the company's own market capitalization and marks an important milestone in the institutional adoption of digital assets. Synaptogenix has also appointed a cryptocurrency expert to lead and oversee its crypto treasury strategy.
For its part, Oblong, specialized in information technology, reported the sale of common shares to invest up to $ 7,5 million dollars in the native cryptocurrency of the Bittensor network.
Oblong CEO Peter Holst sees Bittensor as an open, permissionless intelligence network, comparable to the revolution the original Internet brought to the information industry.
Therefore, these recently revealed investment plans consolidate TAO's position as an emerging leader in the decentralized artificial intelligence ecosystem and signal a paradigm shift in the treasury strategy of companies and businesses interested in emerging technologies. Here, technological innovation and the pursuit of value converge, paving the way for new standards in the crypto world.
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What is TAO? The new jewel of the crypto world, backed by Nasdaq giants
Native to the Bittensor network, TAO is the cryptocurrency that powers a revolutionary ecosystem in which merges blockchain technology with decentralized artificial intelligence, creating an open and collaborative marketplace for developing and sharing AI models. But now TAO is also establishing itself as the new jewel of the crypto world, backed by Nasdaq giants who see this cryptocurrency as much more than a simple token.
TAO is carving out a new strategic role in corporate financial management. Its adoption by companies like Oblong and Synaptogenix highlights its value as a hedge against inflation and a potentially solid store of value.
According to both companies, the investments they will each make to acquire TAO seek to consolidate a pioneering market in decentralized AI, while strengthening the growing trend of integrating crypto assets into corporate balance sheets.
Beyond its financial value, TAO is the engine that incentivizes innovation on the Bittensor network. Its unique tokenomics rewards those who contribute data, computing power, and AI models, creating a virtuous cycle of continuous improvement and global collaboration. This dynamic makes TAO an asset with real utility, facilitating access to advanced AI services without centralized intermediaries, and promoting an unprecedented democratization of technological development.
Prepare your wallet and explore the potential of the cryptocurrency world.TAO's trading volume growth, which has surpassed $180 million according to CoinMarketCap, underscores its growing liquidity and demand within the digital market. This consolidation reinforces its position as a strategic financial tool for large players seeking to balance risk and return in an environment where technological innovation and decentralization converge.
In short, TAO is not just another cryptocurrency on the market; it's at the heart of a technological and financial revolution that is redefining how artificial intelligence is developed and distributed globally and, more recently, how companies manage their corporate assets.
TAO on the path of Bitcoin, Ethereum, Solana and XRP
As Bitcoin continues to dominate as the quintessential store of value in the crypto universe, TAO emerges with force as the next big strategic bet. Unlike traditional cryptocurrencies, TAO combines the power of decentralized artificial intelligence with an advanced technological architecture, positioning itself as an attractive asset for companies looking to diversify their digital reserves beyond Bitcoin, Ethereum, Solana, and XRP.
So, while Bitcoin has completely revolutionized the notion of digital money and a store of value, TAO seeks to go further by integrating the power of decentralized AI and the complex technological infrastructure it entails, attracting companies like Synaptogenix and Oblong that want to strengthen their position in the digital AI ecosystem.
Operate quickly and easily with Tao here.Thus, the growing institutional adoption of TAO not only boosts its current price but also signals a paradigm shift in corporate treasury management, which now considers digital assets linked to artificial intelligence as strategic reserves.
Investing in cryptoassets is not fully regulated, may not be suitable for retail investors due to high volatility and there is a risk of losing all invested amounts.