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General Tensor完成对Tensorplex Labs旗下Backprop Finance的收购

MeNews
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ME News Report, May 15 (UTC+8), General Tensor announced the completion of its acquisition of Backprop Finance, a subsidiary of Tensorplex Labs, which is one of the decentralized trading platforms with the highest trading volume in the Bittensor ecosystem. After the transaction, General Tensor will cover approximately one-third of the trading volume on the Bittensor network. Previously, General Tensor had raised a total of $5 million through Pre-Seed and Seed funding rounds, with investors including Digital Currency Group (DCG), Lvna Capital, and Good Morning Holdings, led by Lok Lee and supported by Goldman Sachs. Currently, Backprop Finance mainly serves the Alpha token trading on the Bittensor Dynamic TAO (dTAO) subnet, providing token exchange and subnet filtering. (Source: BlockBeats)
TAO1.12%
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MintCondition
· 3h ago
The M&A activity in the Bittensor ecosystem has begun, and further integration is expected.
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BoredInBlockspace
· 3h ago
5 million dollars Pre-Seed + Seed, is the valuation of AI + DeFi this crazy now?
View OriginalReply0
LimitOrderAtTheCrater
· 3h ago
Lok Lee has a strong background, and the Goldman group is diving deeper into Web3.
View OriginalReply0
MorningLightInAGlassBottle
· 3h ago
Backprop has been discontinued; the dTAO subnet trading will be more centralized in the future.
View OriginalReply0
WatercolorGlassBottle
· 3h ago
DCG and Goldman Sachs endorsement, this financing lineup is indeed strong
View OriginalReply0

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