Oblong has pledged its entire $8 million worth of TAO tokens as part of its new decentralized AI treasury strategy aimed at supporting network operations and driving AI innovation.
PANews reported on August 7th that Nasdaq-listed Oblong pledged all of its $8 million worth of Bittensor (TAO) tokens to bolster network operations and incentivize AI innovators. Since June, the company has shifted to a decentralized AI treasury strategy, following a previous $7.5 million share subscription raise. Additionally, companies like xTAO and TAO Synergies have also acquired significant amounts of TAO, with the token currently priced at $354.67 and a market capitalization of approximately $3.4 billion.