A quick search on Bittensor's progress made me even more bullish than I already was.
In over a year of reading reviews on Cyrator, I've come to realize that progress updates are a lot more important than fundamentals reviews to estimate a project's long term success.
Bittensor is one of my biggest portfolio positions Because I think that it's one of the only "real" decentralized AI solutions out there. It's a decentralized network that allows people to run AI models on it. More importantly, it allows those models to communicate with each other - which gives them huge potential. Therefore, I believe that Bittensor is one of the very few projects that have the potential to overtake Ethereum or even Bitcoin in marketcap. If Bitcoin was the first decentralized currency, and Ethereum was the first decentralized computer, Bittensor is the first decentralized AI. Once the first applications built on it go mainstream, I believe TAO may surpass the other two giants.
So the question is whether there are actually any products being built on Bittensor. Since I haven't heard much about it in recent weeks and the price has been falling sharply, I asked chatGPT "What's been the biggest news in the Bittensor ecosystem in the last month?" and to my surprise I found some great stuff going on. There's several subnets being built and mergers going on. Here's it's answer:
"The Bittensor ecosystem has seen several significant developments over the last month:
BitMind Subnet Launch: BitMind launched a new subnet within Bittensor aimed at combating the threat of deepfakes. This subnet uses sophisticated AI models to detect and mitigate synthetic media. It also introduces a tokenized incentive system to reward contributions from the community, promoting collaboration and continuous improvement
Sources: https://bravenewcoin.com/insights/bitmind-launches-subnet-in-bittensor-to-combat-the-growing-threat-of-deepfakes https://cryptonews.net/news/altcoins/29564741/
Masa AI Data Subnet: Masa launched an AI data subnet on Bittensor, bringing hundreds of developers into the ecosystem. This subnet allows decentralized contributions of AI training data and compute resources, democratizing AI development. It also introduced a dual-token reward structure involving $MASA and $TAO tokens
NicheTensor and SocialTensor Merger: NicheTensor and SocialTensor merged to create a more robust AI development subnet within Bittensor. This merger aims to enhance the production and commercialization of AI applications, leveraging both entities' strengths to drive user adoption and revenue growth.
These updates indicate a period of significant growth and innovation within the Bittensor ecosystem, highlighting its potential to address real-world AI challenges through decentralized solutions."
The NicheTensor and SocialTensor merger is very interesting because "NicheTensor, known for its sophisticated image generation language models, will provide the powerful AI engine for the merged entity. Meanwhile, SocialTensor's enterprise team, which includes industry veterans from Microsoft and major Wall Street banks, will drive the application deployment and commercialization efforts" (Business insider). With this kind of team I can see great products coming out very soon.
Another highlight is that the Bitmind subnet that just launched has a free online deepfake detector that you can use right now: https://bitmindid.com. I believe that these kind of apps will become very important in the future and it is important for them to be on a decentralized network in order for the public to trust it.
I think TAO is not very good at marketing or building hype. Their website and lack of socials is a testament to that... But great progress is being made, which makes me even more bullish on TAO than I already was. Show Less
