Decentralized AI network Allora Labs completes $3 million strategic financing, with participation from Archetype and others.

according to The Block, the decentralized artificial intelligence network Allora Labs has completed a $3 million strategic financing round, with participation from Archetype, Delphi Ventures, CMS Holdings, ID Theory, and DCF God. This round of financing brings Allora's total funding to $35 million.

It is reported that Allora Network is a decentralized artificial intelligence network built on the Cosmos stack as an L1 blockchain. Formerly known as Upshot, it was renamed Allora in February of this year and shifted from an NFT evaluation platform to a decentralized artificial intelligence network.