TechFlow reports that the decentralized AI network Allora (formerly Upshot) has raised $3 million in strategic funding, with participation from Archetype, Delphi Ventures, CMS Holdings, ID Theory, and DCF God.
To date, Allora has raised a total of $35 million. The new funds will be used to hire 5 to 7 employees. Currently in testnet phase, Allora Network is being developed by Allora Labs in collaboration with the Allora Foundation, with plans to launch the mainnet this summer. The team currently has no concrete plans to link points to tokens.
In February this year, Upshot rebranded as Allora, transitioning from an NFT valuation platform to a decentralized AI network.
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