Oblong Inc. Invests $8 Million in Bittensor Network to Boost Decentralized Finance

Oblong Inc., a Nasdaq-listed company, made a strategic investment of $8 million to acquire and stake 21,613 TAO tokens within the Bittensor AI network. This move signifies Oblong’s shift towards decentralized finance (DeFi) and marks a significant step in its commitment to the burgeoning field of decentralized AI. CEO Pete Holst highlighted the value creation potential through strategic treasury management.