TAO, the main token behind the Bittensor network, is having a breakout moment as it gains serious validation from both the crypto world and traditional finance. The recent launch of Wrapped TAO (WTAO) with full Ethereum DeFi integration has opened the doors for TAO to be used across the entire Ethereum ecosystem. Now, people can trade, stake, and use TAO in all sorts of DeFi projects, while still supporting the original Bittensor network. This cross-chain flexibility means holders can earn staking rewards and stay liquid at the same time, which is a big deal for both individual investors and institutions looking for new ways to grow their assets.
The attention from big players is unmistakable. Synaptogenix has already put $10 million into TAO and is aiming to ramp that up to $100 million, showing they see this as a long-term play. Oblong, a company listed on Nasdaq, just raised $7.5 million specifically to buy up TAO, treating it like a strategic digital asset, almost like how companies started holding Bitcoin as part of their treasuries. Their goal is to tap into Bittensor’s unique AI marketplace and earn yields through the network’s core infrastructure, which could set a trend for other public companies to follow.
What really sets TAO apart now is its recognition by the traditional finance world. FTSE Russell, one of the biggest names in global indexes, has just classified Bittensor as a core AI platform in its new crypto sector index. This move not only gives TAO more credibility but also puts it on the radar of institutional investors and funds looking to get exposure to the growing AI blockchain sector.
On the price side, TAO has been holding steady around $357 after a recent test of that support level. This price zone has acted as a strong base in the past, and as long as TAO stays above it, the outlook remains cautiously optimistic. If it drops below, though, there could be a sharper fall, with the next major support at $278. Despite some recent price dips, TAO is still seen as a leader in the AI crypto space, often setting the trend for other related tokens.
In short, TAO is moving from being just another crypto project to becoming a key player at the intersection of blockchain, AI, and institutional finance. With deep DeFi integration, major investments from public companies, and official recognition from financial heavyweights, TAO is stepping into a new era as an institutional powerhouse.
