Safello is selling part of its bitcoin holdings to buy TAO, the token for the decentralized AI protocol Bittensor. This marks the company's first major investment in decentralized AI and a bet on the crypto market of the future.
- Decentralized AI is one of the most important technological changes of our time, and we are positioning Safello to be at the forefront of this transition. With this reserve shift, we are taking the first step in allocating capital in line with our beliefs in this market,” said Frank Schuil, Chairman of the Board of Safello.
Safello has sold one bitcoin and bought 239.8 TAO and plans to increase its TAO exposure through a strategy of regular purchases over time. After the transaction, the company's crypto portfolio consists of 9 BTC, 113 ETH and 239.8 TAO.
TAO is the original symbol for Bittensor, a decentralized AI protocol that allows developers to collaborate and be rewarded for contributing to artificial intelligence and machine learning. The BitTensor network is based on a unique consensus mechanism called Proof of Intelligence, in which users are rewarded in TAO for contributing valuable AI models and data. TAO is used both as an incentive, a means of payment, and for governance in the ecosystem, providing access to AI services, staking and voting rights in the network.
The market for decentralized AI is growing rapidly and TAO has received a lot of attention for its innovative approach. Analysts predict that the price of TAO could rise significantly in 2025, with estimates ranging from about $235 to over $1,100 and averaging about $625 for the year. The optimism is driven by growing demand for AI services, new partnerships and the fact that TAO rewards developers for contributing to the collective intelligence of the network.
With this strategic reallocation of the crypto reserve, Safello is taking a clear step toward being at the forefront of what Safello sees as a technological shift toward decentralized AI. According to Frank Schuil, it's not just about investment but about allocating capital in line with the company's belief that decentralized AI will be one of the most transformative technologies.
Safello is selling part of its bitcoin holdings to buy TAO, the token for the decentralized AI protocol Bittensor. This marks the company's first major investment in decentralized AI and a bet on the crypto market of the future.
- Decentralized AI is one of the most important technological changes of our time, and we are positioning Safello to be at the forefront of this transition. With this reserve shift, we are taking the first step in allocating capital in line with our beliefs in this market,” said Frank Schuil, Chairman of the Board of Safello.
Safello has sold one bitcoin and bought 239.8 TAO and plans to increase its TAO exposure through a strategy of regular purchases over time. After the transaction, the company's crypto portfolio consists of 9 BTC, 113 ETH and 239.8 TAO.
TAO is the original symbol for Bittensor, a decentralized AI protocol that allows developers to collaborate and be rewarded for contributing to artificial intelligence and machine learning. The BitTensor network is based on a unique consensus mechanism called Proof of Intelligence, in which users are rewarded in TAO for contributing valuable AI models and data. TAO is used both as an incentive, a means of payment, and for governance in the ecosystem, providing access to AI services, staking and voting rights in the network.
The market for decentralized AI is growing rapidly and TAO has received a lot of attention for its innovative approach. Analysts predict that the price of TAO could rise significantly in 2025, with estimates ranging from about $235 to over $1,100 and averaging about $625 for the year. The optimism is driven by growing demand for AI services, new partnerships and the fact that TAO rewards developers for contributing to the collective intelligence of the network.
With this strategic reallocation of the crypto reserve, Safello is taking a clear step toward being at the forefront of what Safello sees as a technological shift toward decentralized AI. According to Frank Schuil, it's not just about investment but about allocating capital in line with the company's belief that decentralized AI will be one of the most transformative technologies.
