The Cannabis firm in the Nice Deck has launched a $ 401 million treasury move to back the zero gravity (0G), a blockchain project that focuses on strengthening the ventricted AI infrastructure.
The move comes through a private placement agreement, which combined with $ 35 million in cash in digital assets like $ 366 million, which is primarily a difference in 0G token. According to a Friday announcement, as part of this transaction, Flora will re -nominate as a Zeroastic while retaining its Nice Deck Tucker, the FLGC.
Solana (Civil) Treasury Company Development Corporation (DFDV) led the agreement, along with Hax Stone Capital and Carlsburg SE Asia PTE Limited, which participated in firms, including DAO5, Summary Ventures and Battle Capital.
“We are happy to contribute with the FLGC on this fundraiser and look forward to deep mutual cooperation between 0G and Solana,” said Joseph Onworiti, CEO of DFDV. Flora will also hold a share of her treasure in the civil token.
Related: Crypto treasures with long -term strategy will ‘avoid any market’: Hashki
Zero Gravity 107B-Parameter AI Model Train
The purpose of this investment is to measure the 0GAI infrastructure, which can train the 107 billion parameter model using already distributed clusters, a feat that surpasses the previous benchmark from tech giants like Google. 0G claims 357x performance improvement compared to the current distributed AI framework.
The upcoming CEO Daniel Race Ferrea has described the treasury move as a way to get an equity exhibition for institutional investors “transparent, certified, and before privacy”.
The end of September 26, the approval of the shareholders is pending. Some investors will receive pre -financing warrants associated with the use of 0G tokens in offer.
Related: Bitcoin as Corporate Treasury: Meta, Amazon and Microsoft did not say
Standard chartered warnings of debt shake out as MNAV elimination
The Standard Chartered said Monday that digital asset Treasury (DAT) firms are facing increasing pressure as market net asset values (MNAV) have declined rapidly throughout the sector. Once the strategy was successfully promoted, the date boom was stopped, which causes small players to face the rising risks as they sink.
A MNAV above 1 usually enables firms to release new shares and increase crypto holding. However, many DATS are now trading under the doorstep, access to low -cost capitals has dried up, which has stopped further deposits and growth.
The bank sector expects widespread stability, which emerges as a big, good -fired player like strategy and winner like Butt Mine. Small firms struggling with suppressed MNAVs can be the goals of acquisition.
Magazine: Meet the co -founder of Ethereum and Polkadot who were not in Time Magazine
