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- Bittensor’s subnet achievement by Masa introduces the first dual-token incentive structure in the network.
- The AI sector’s growth in crypto is attracting significant interest and investment, predicting substantial future valuation increases.
As July progresses, the spotlight shifts to the AI industry, with a particular focus on Bittensor. In a recent tweet, DCG Vice President Evan Malanga congratulated Masa, a decentralized AI network, on the successful launch of their Bittensor subnet on the testnet.
This milestone is expected to bring over 1.5 million users to Masa and introduce the subnet’s first dual-token incentive structure.
Congratulations to @DCGco portfolio company @getmasafi on the milestone announcement of their #Bittensor subnet on testnet.
Masa will bring their 1.5m+ users and create the first dual-token incentive structure on a subnet. @BrendanPlayford and @calanthiaaa are relentless… pic.twitter.com/uceE1fcBzO
— Evan Malanga (@EvanMalanga) July 9, 2024
This development has had a good impact on Bittensor’s native token, TAO, which has increased by 10.50% over the last 24 hours to $260.17. TAO has shown a bullish structure throughout the last week, increasing by 13.14% in total.
This comes only days after we highlighted the growth of various AI tokens, like NEAR, Render (RNDR), and TAO. Notably, Render has had an impressive year, with a 17.7% increase in frames rendered in Q1 2024 compared to Q1 2023.
AI and Blockchain: A Synergistic Revolution
The rapid expansion of the AI sector within the cryptocurrency industry has caused numerous analysts to forecast that its worth will skyrocket in the next few years. The growth of AI applications in blockchain technology is fueling this trend, generating significant interest and investment.
To better comprehend the impact and future possibilities of AI tokens in the cryptocurrency market, industry analysts’ insights must be considered.
Furthermore, Masa’s dual token incentive structure on the Bittensor network stands out. This novel strategy seeks to more effectively reward users and contributors, hence encouraging increased participation and engagement within the network.
On the other hand, as previously reported by Crypto News Flash, NEAR Protocol’s AI projects seek to establish an open, user-owned AI ecosystem with novel infrastructure and applications.