TAO Synergies Inc. (Nasdaq: TAOX), a publicly traded firm positioning as the first “pure-play TAO treasury company,” has appointed Bittensor leader Joseph Jacks as an advisor to its digital asset strategy.
JJ, the founder of OSS Capital and CEO of Latent Holdings, is widely regarded as one of the earliest champions of open-source commercialization and one of the most active contributors to the Bittensor ecosystem. His firm Latent Holdings operates multiple subnets on Bittensor, including TAOHash (SN14) and Hone (SN5), and maintains critical open-source infrastructure for the network.
James Altucher, who leads TAO Synergies’ digital asset strategy, said the addition of JJ will help shape how the firm manages and deploys its treasury of TAO. Unlike most treasury managers that focus narrowly on yield from staking, Altucher hinted that TAO Synergies intends to “actively contribute” to the network’s development, creating avenues for value beyond passive token holding.
The appointment underscores a growing institutional interest in TAO, which has rapidly climbed to become one of the highest-valued AI-related cryptocurrencies. Jacks himself has a long track record in backing early-stage open-source and decentralized projects, with OSS Capital investing over $200 million in commercial open-source startups. His firm was also behind a $10.5 million Series A round for Manifold Labs, marking the largest venture investment in a Bittensor subnet to date.
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