Stockholm, 11 July 2025 | Safello Labs, a wholly owned subsidiary of Safello, today released its first research report titled "Navigating the Decentralized AI Frontier." The report explores the emerging landscape of Decentralized Artificial Intelligence (DeAI), with a particular focus on the Bittensor protocol and its native token TAO.

As a newly established research and intelligence hub within Safello, Safello Labs contributes to the understanding of how open, permissionless AI networks are reshaping market structures and technological innovation. The report is authored by Frank Schuil, Founder and Chairman of Safello, and Tomy Reguig, Data and Quantitative Analyst at Safello.

"Bittensor represents more than an incremental advance in the field of decentralized AI; it is a strategic, long-term investment in the foundational infrastructure for a new economic paradigm. The core thesis is not that Bittensor will build a single AI model to rival centralized offerings, but that it will enable access to compute and coordination for teams building diverse forms of digital intelligence - in an open, incentivized marketplace," says Frank Schuil.

The report presents TAO as a foundational asset in the decentralized AI economy and highlights Bittensor's position as the first operational network at scale. It also examines the implications of the recent `dTAO' upgrade, which introduces modular AI service marketplaces with their own microeconomies. Bittensor's open and permissionless architecture, launched without VC backing, is described as a key differentiator in an increasingly centralized AI environment.

Safello is the first publicly listed company to hold TAO in its strategic treasury - underscoring its leadership in supporting the decentralized AI revolution.

The report is available for download at safello.com/labs.

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For more information, please contact
David Leeb, Chief Marketing Officer, at press@safello.com

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Amudova AB is Safello's certified adviser.

Safello is the leading cryptocurrency exchange in the Nordics, with over 404,000 users. The company is empowering financial independence by making crypto accessible to everyone. Safello offers a secure and easy solution for buying, selling, storing, as well as depositing and withdrawing cryptocurrencies directly from the blockchain - ensuring seamless transactions at industry-leading speeds. Operating in Sweden, Safello has been registered as a financial institution with Finansinspektionen (Swedish Financial Supervisory Authority) since 2013 and is listed at Nasdaq First North Growth Market since 2021. For more information visit www.safello.com.