Article2 months ago

Bittensor Token Surpasses $3 Billion Market Capitalization as Open-Source AI Development is Incentivized

Bittensor Token Surpasses $3 Billion Market Capitalization as Open-Source AI Development is Incentivized
Summary
  • Bittensor's $TAO token has reached a market capitalization of $3 billion, fueled by its incentivization of open-source AI development.
  • Ethereum founder Vitalik Buterin has expressed support for Bittensor and its approach of using financial incentives to improve AI.
  • Bittensor aims to encourage competition among developers and reward high-performing AI models, while discouraging poorly made models.

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