Decentralized AI network Allora completes $3 million strategic round of financing, with participation from Delphi Ventures and others

Odaily News Allora Labs (formerly Upshot, focusing on NFT evaluation) completed a $3 million strategic round of financing, with participation from Archetype, Delphi Ventures, CMS Holdings, ID Theory and DCF God. Nick Emmons, co-founder and CEO of Allora Labs, said that the structure of this round of financing is equity financing, just like all previous financing rounds of Allora. He declined to comment on the valuation. In February of this year, Upshot changed its name to Allora and transformed from an NFT evaluation platform to a decentralized artificial intelligence network. Allora Network is built on the Cosmos stack and aims to solve a fundamental problem in todays artificial intelligence field, namely isolated machine intelligence. (The Block)