Bittensor ecosystem company xTAO listed on the Canadian Stock Exchange "XTAO.U", receiving investments from DCG and Animoca Brands to enter the Decentralization AI wave.

Focusing on the decentralized AI startup xTAO in the Bittensor ecosystem, it will be listed on the Canadian Toronto Stock Exchange’s venture board on July 23, with a financing of $22.8 million, announcing that AI and blockchain are further moving towards the mainstream capital market. (Background: Detailed explanation of Bittensor's new economic model "Dynamic TAO") (Background Supplement: 2025 Crypto AI Race Top Ten Predictions: Bittensor Revival, Practicality is King, Synthetic Data Surpassing Human Data..) The startup xTAO, focusing on the development of Bittensor's decentralized AI ecosystem, has knocked on the door of the capital market. On the 21st, the company announced it would be listed on the Canadian Toronto Stock Exchange venture board on July 23 under the stock code XTAO.U, and simultaneously announced the completion of a $22.8 million fundraising, with leading investors including digital currency group DCG and Animoca Brands.... The decentralized AI star knocks on the capital market According to the company announcement, the newly raised funds will be used to expand validator nodes, hire more R&D talents, and increase holdings of Bittensor's ecosystem token TAO as a financial reserve. xTAO founder Karia Samaroo stated: "Our listing and financing mark an important milestone for xTAO, and we are executing our mission to advance decentralized artificial intelligence." DCG founder Barry Silbert emphasized Bittensor's potential, saying: "I spent six months deeply researching Bittensor and its ecosystem; this concept of decentralized AI, this vision of a global AI network, really moved me deeply." TAO has increased by 44.8% in the past month After the $22.8 million financing led by DCG and Animoca Brands was secured, xTAO stated that it would maintain a strong cash position, not using leverage, and reinvest most of its operating income into TAO holdings, forming a "cash + token" dual protection. The company believes that when the crypto market fluctuates, holding sufficient fiat currency can stabilize daily expenses, while TAO represents a long-term bet on the value of the Bittensor network. Additionally, in terms of coin price, $TAO follows the overall upward trend, rising nearly 45% within a month, reporting $456.55 before the deadline. Key Gear of the Bittensor Ecosystem Bittensor packages AI models, data, and computing power into freely competitive and quantifiable contributions through blockchain mechanisms. xTAO acts as a validator in the network, responsible for checking the quality of models and data, and distributing qualified results to end users or enterprises. Validators will receive TAO rewards, thus incentivizing them to continuously invest computing power and expertise. This design returns the decision of "who decides the quality of the model" to the decentralized community, rather than a few AI giants. In the long run, once the models within the network are diverse enough, developers can freely combine multiple models to meet specific domain needs, forming a decentralized modular AI market; however, how to measure the quality of their models, ensure validators work smoothly, and whether consumers will pay remains a significant development challenge. Related Reports In-depth Analysis of Bittensor: The Ambition to Rewrite the Decentralized Computing Power Market of AI Concept Coins The New King of AI Concept Coins "Bittensor" What Big Move is It Planning? Detailed Explanation of 34 Subnets Full Picture and Future Outlook FUD Whispers, Will the New King of AI Concept Coins "Bittensor" Fall from Grace? This article was first published on BlockTempo, the most influential blockchain news media.