General Tensor has acquired Backprop Finance, a major decentralized exchange in the Bittensor ecosystem. This acquisition positions General Tensor to control about one-third of the trading volume on the Bittensor network. Previously, General Tensor secured $5 million in funding from investors such as Digital Currency Group and Goldman Sachs-backed entities. Backprop Finance specializes in trading the Bittensor Dynamic TAO subnet Alpha token, providing token swaps and subnet filtering services.
General Tensor Acquires Backprop Finance, Boosting Bittensor DEX Presence
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