The retrieved information is as follows:
#TAO (Bittensor) founder Jacob Steeves has resigned from his CEO and foundation positions, shifting to community governance, but he has not led the team away; the core development team is still operating normally.
Recently, what has sparked market panic is the public announcement by the important ecological subnet team Covenant AI, with
$TAO , about their withdrawal, accusing the project's governance of being insufficiently transparent, which led to a short-term crash of TAO. This team is an external ecological participant, not part of the core development team of the project.
Chain reaction alpha drop
SN64 (
#Chutes ): The largest computing power subnet, AI computing services, core ecological traffic.
SN3 (Templar/Covenant): LLM large model subnet, previously operated by the Covenant AI team, whose recent exit triggered a crash.
SN10 (
#GRADIENT ): AI training platform, venture capital-supported, with a high issuance volume.
SN110, SN118: Small to medium computing power/model subnets, with high elasticity and volatility.
Ridges, Sportstensor, OpenKaito: Corresponding to AI inference, sports prediction, information retrieval, and other segmented scenarios.