Astrid Intelligence (AQSE:ASTR) announced it has sold to investors 200,000 tokens for its Bittensor Subnet 127 in an over-the-counter deal at 0.002 TAO per token, raising 400 TAO.
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Following the sale, Astrid's remaining position in Subnet 127 stands at approximately 3,000 TAO-equivalent. And, the buyers have agreed to a lock-up schedule before the tokens (known as Alpha) unlock.
It comes as a project, called Zils, on Astrid's decentralised platform is using the network to enable participants to train 'open' decision AI models.
"Subnet 127 now has a live product and a founder who builds in the open," said chief executive Siam Kidd.
Astrid is a UK-headquartered decentralised artificial intelligence business that operates a dedicated subnet within the Bittensor ecosystem, where participants earn TAO emissions by contributing computing power, data and models.
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