According to Odaily, the value of CFX has seen a significant increase, breaking through 0.19 USDT and currently standing at 0.1923 USDT, marking a 24-hour increase of 8.88%. This surge comes after the news that Turing Award winner, Professor Yao Qizhi, has established a venture capital fund. The fund is primarily focused on areas such as artificial intelligence and blockchain.
In addition to this, Professor Yao Qizhi has previously held the position of Chief Scientist at Conflux, a public blockchain network operator. His involvement in these areas has likely contributed to the recent increase in the value of CFX. The establishment of the VC fund by such a prominent figure in the field of artificial intelligence and blockchain is a significant development that could potentially lead to further advancements and investments in these areas.