AI Arena establishes CortX Foundation and announces NRN token economics

On January 13th, AI Arena announced the establishment of the CortX Foundation to support the growth and development of the AI Arena ecosystem. They also revealed the NRN token economy and announced that 80 million tokens (8% of the total supply of 1 billion) will be distributed to the AI Arena community through airdrops during Season 1. Of these, 40 million tokens will be used for the upcoming P2A competition, and 40 million tokens will be used for NRN reward boxes.

Previously, it was reported that ArenaX Labs, the developer of AI Arena, announced the completion of a $6 million financing round earlier this month, with Framework Ventures leading the investment.