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TAO Synergies Inc. (TAOX) announced it has engaged Joseph Jacks as an advisor to its digital asset treasury strategy. The appointment was disclosed in a company statement.
Jacks serves as co-founder and CEO of Latent Holdings, a blockchain services company that operates within the Bittensor ecosystem. Latent Holdings manages subnets #14 and #5 in the Bittensor network and maintains open-source infrastructure for the platform.
In 2018, Jacks founded OSS Capital, described as a venture capital firm focused on commercial open source startups. Through OSS Capital, he led a $10.5 million series A funding round for Manifold Labs. The firm has completed more than 40 investment rounds totaling over $200 million in funding.
"Joseph is an early pioneer in open-source development—the key force behind decentralized AI," said James Altucher, who leads the company’s digital asset treasury strategy. "We are honored to welcome Joe as an advisor for our digital asset treasury strategy."
Jacks stated he would collaborate with what he called "the first and largest pure-play public TAO treasury company." He indicated the strategy involves acquiring and staking tokens while contributing to the Bittensor ecosystem.
TAO Synergies describes itself as focused on the convergence between cryptocurrency and artificial intelligence. The company’s treasury strategy centers on acquiring TAO, the native cryptocurrency of Bittensor, a blockchain network for machine learning and artificial intelligence applications.