Ento Inc. announced the signature of exporting its bitenser token at a bet on AI Infrarture.
Summary
- XTAO revealed that it is the biggest holder of Tao
- Firm AI Infrastructure is betting on on-chain
- Large cash reserves enable it to get more TAO
Companies are investing on convergence between AI and blockchain. On Wednesday, 30 July, XTAO revealed that it had a total of 41,538 bitens (TAO) tokens. For the firm, these assets make it the largest corporate holder of the AI-centric TAO tokens.
For the firm, the TAO Treasury will be enabled to play a big role in expanding its verification operations, as well as a big role in the Bittensor Network Infrastructure. The company plans to earn an annual yield of 10 percent on its stacked Tao, although the account is that the dollar yield will depend on the token.
Karia Samaru, CEO of XTAO, said, “Tao Treasury gives us an immediate economic performance for bitenser and fuel, which is to validate the general reliable revenue.” “Our goal is simple: creating a core infrastructure, earning durable cash flow, and compound value with the bitenser network.”
XTAO also revealed that it keeps “enough” cash reserves, which enables it to expand its tao holdings. Currently, TaO trades at $ 371.90, after the monthly high of $ 459.73. The token is 51% below its all -time high in April 2024.
Xtao AI Infrastructure on-Chain bets on the on-chain
XTAO on 22 July in the TSX venture exchange, became public under the tick xtao.U. Despite its list on a Canadian exchange, the firm will be traded in US dollars. For the company, its exclusive attention will be on bittensor ecosystem and its decentralized AI Infrarture.
The firm got a $ 22.8 million membership funded from Digital Currency Group, Animoka Brands, ARCA, Borderless Capital and Falconx.
