Insider: Polychain, DCG and Dao5 hold at least $350 million worth of TAO tokens

According to BlockBeats, on April 15, Fortune magazine cited people familiar with the matter as saying that Polychain, a venture capital firm founded by Coinbase early employee Olaf Carlson Wee, incubated Bittensor in 2019. The company currently holds about $200 million in Bittensors tokens. In addition, dao5, an investment fund founded by Polychain alumnus Tekin Salimi, holds about $50 million in TAO and is an early supporter of the Bittensor ecosystem. Digital Currency Group is another supporter of the protocol, holding about $100 million in TAO. A DCG spokesperson declined to comment. In a 2021 Business Insider article, DCG investor Matthew Beck recommended Bittensor as one of the 53 most promising crypto startups.