Decentralized AI network Allora completes a $3 million strategic funding round with participation from multiple investment institutions.

Allora Labs, formerly known as Upshot and focused on NFT valuation, has completed a $3 million strategic funding round. The funding was led by Archetype, Delphi Ventures, CMS Holdings, ID Theory, and DCF God. Allora Labs, a company that transitioned from an NFT valuation platform to a decentralized artificial intelligence network, has built its network on the Cosmos stack to address the issue of 'isolated machine intelligence' in the field of artificial intelligence. Co-founder and CEO Nick Emmons stated that this round of funding is equity financing, similar to all previous funding rounds of the company, but he declined to comment on the valuation.