Interactive Strength (TRNR), a manufacturer of fitness equipment classified in Nasdaq, launches what he claims to be the first cryptocurrency treasure of artificial intelligence in the world, signaling an increasing interest in the web3 between the different industries.
The interactive force, the manufacturer of the CLBR and the fitness form Equipment, concluded a purchase agreement of securities to raise up to $ 500 million in capital to acquire Fetch.ai (FET), according to an announcement of June 11 shared with Cintelegraph.
The agreement will make interactive strength the holder of the largest corporate IA token treasure in the world, says the company.
The interactive force has already started to acquire FET tokens with a first investment of $ 55 million from the Atw Partners capital company and the Crypto DWF Labs markets.
The AI is the “greatest technological jump in our life,” said Trnet Ward, CEO of Trnr.
“We believe that our strategy to acquire a large number of FET $ tokens could significantly accelerate our mission to create a significant long-term value for TRNR shareholders,” he added.
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