General Tensor Announced the Acquisition of Backprop Finance

General Tensor has acquired Backprop Finance from Tensorplex Labs. The transaction gives General Tensor ownership over one of Bittensor’s highest-volume decentralized trading platforms. The acquisition follows General Tensor’s $5 million raise across its pre-seed and seed rounds. Digital Currency Group (DCG) participated in the pre-seed and made a follow-on investment in the strategic round. The most recent round had a follow-on from their lead investor Lvna Capital and added Good Morning Holdings, led by Lok Lee and...

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