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Decentralized Artificial Intelligence Platform Bittensor Grew By 15%

source-logo  cryptonews.net 23 May 2024 15:06, UTC

Decentralized artificial intelligence project Bittensor has seen its native TAO token rise by 15% over the past day. This appears to have been fueled by an unconfirmed rumor that longtime digital asset manager Grayscale plans to register a new trust to track the token. But this is not the only news for the project.

Taobot, a component of the Bittensor ecosystem, had a good week. On Tuesday, the team announced that it has been accepted as one of the first projects to join Akash Network’s LlaMa 3 API beta. The Akash network made a big splash last month when it announced that its chat support Llama 3, the latest open-source model from Meta AI. The Taobot team has also started working with the Bittensor Subnet 15 project, Blockchain Insights, to allow users to use a simple language to analyze blockchain data.

At the time of writing, Bittensor’s price is up 15% from the previous day and is trading at $483.10. According to CoinGecko, this is an increase of 24% compared to the same period last week. This makes TAO the best performing asset in the top 100 on CoinGecko at the time of writing, ahead of PepeCoin.

Image: CryptoRank