Bittensor: Dynamic $TAO and new Subnet
Item #AI is not yet available on Binance
Bittensor is a diverse ecosystem of dedicated networks or subnets, each focused on a specific machine learning use case or resource offering.
The Dynamic TAO proposal aims to transform Bittensor's emission distribution system from a manual, subjective process dominated by a few validators to an automated, market-driven mechanism for more efficient distribution.
In partnership with the Cortex.t subnet, the Nous subnet offers an incentivized model refinement platform designed to create an open source model that matches the performance of GPT-4.
Bittensor is an AI model marketplace that incentivizes machine learning developers to continuously optimize models for a variety of targeted use cases. In doing so, Bittensor creates a permissionless platform that allows open source AI researchers and engineers to monetize their work, thereby accelerating the growth of the open source AI movement.
In December last year, Messari released a comprehensive report on Bittensor, detailing both the internal mechanics and broader workings of the protocol. Since then, Bittensor went from being a niche project at the intersection of crypto and AI to achieving widespread recognition in the open source AI community. This is evidenced by endorsements from industry leaders such as the CEO of HuggingFace and the launch of subnets by prominent open source AI organizations such as Nous Research.
Other recent developments include a proposal from the OpenTensor Foundation to move Bittensor from a single-token ecosystem to a multi-token ecosystem, a change that will have significant impact going forward.
Bittensor is one of the first projects to properly showcase the potential synergy between crypto and AI. The launch of the Nous subnet expanded its scope, bringing the idea of encouraging machine learning into the conversation in the open source AI community.
With the subnet system ready for more exciting subnets to appear soon.