News Summary

WonderFi co-founder Karia Samaroo has launched a new startup, xTAO, focusing on the decentralized AI network Bittensor. xTAO aims to become a publicly traded company on the TSX Venture Exchange by merging with Vancouver-based Adrianna Ventures. The company plans to raise $10 million USD through a private placement financing campaign, attracting investments from multiple crypto venture capital firms. Samaroo, who co-founded WonderFi, the first Canadian-regulated crypto trading platform, brings his extensive experience in the crypto market to this new venture. He believes TAO, the native token of Bittensor, will become a significant asset. xTAO will be the first publicly-traded company offering access to Bittensor, a decentralized blockchain marketplace for exchanging AI models and computing power.