Decentralized AI network Allora (formerly Upshot) has completed a strategic funding round of $3 million, with participation from Archetype, Delphi Ventures, CMS Holdings, ID Theory, and DCF God. Allora's total funding has now reached $35 million. The funds from this round will be used to recruit 5 to 7 employees to support the development of its testnet phase and plan to launch the mainnet this summer. Additionally, Allora transitioned from an NFT valuation platform to a decentralized AI network in February this year.

TechFlow news: Decentralized AI network Allora (formerly Upshot) has completed a $3 million strategic financing round with participation from Archetype, Delphi Ventures, CMS Holdings, ID Theory, and DCF God. Currently, Allora has raised a total of $35 million. This funding round will be used to recruit 5 to 7 employees. Allora Network is currently in the testnet phase, and Allora Labs is collaborating with the Allora Foundation to launch the mainnet this summer. The team currently has no specific plans to link points with tokens. In February this year, Upshot rebranded as Allora, transitioning from an NFT assessment platform to a decentralized AI network.

Decentralized AI network Allora completes $3 million strategic financing