Bittensor

Impact

<ul>
 <li>Both SocialTensor and NicheTensor have been working on enabling the mass adoption of decentralized artificial intelligence (AI) tailored to individual needs.</li>
</ul>
<ul>
 <li>The new entity formed after the subnet merger will operate under the name SocialTensor.</li>
</ul>
<ul>
 <li>The integration of the two entities will strengthen the Bittensor ecosystem as an AI hub.</li>
</ul>
<a href="https://www.socialtensor.io/product.html" target="_blank" rel="noopener noreferrer nofollow">SocialTensor</a>, a web3 platform focused on developing realistic decentralized artificial intelligence infrastructure, has <a href="https://finance.yahoo.com/news/nichetensor-socialtensor-announce-first-ever-160000568.html" target="_blank" rel="noopener noreferrer nofollow">announced</a> the first subnet merger on the Bittensor (TAO) <a href="http://thenewscrypto.com/news/blockchain-news/" target="_blank" rel="noopener noreferrer nofollow">blockchain</a> with <a href="https://nichetensor.com/" target="_blank" rel="noopener noreferrer nofollow">NicheTensor</a>, an image and text generation platform.&nbsp;
According to the announcement, the subnet merger on the <a href="https://bittensor.com/explained" target="_blank" rel="noopener noreferrer nofollow">Bittensor network</a> will result in a new entity dubbed SocialTensor, which will focus on developing cutting-edge applications.
<h2 class="wp-block-heading" id="h-socialtensor-and-ai-market-outlook">SocialTensor and AI Market Outlook</h2>
The subnet merger between SocialTensor and NicheTensor is a strategic move that will enhance the mass adoption of Bittensor and web3 protocols. Furthermore, NicheTensor has established itself as a capable image generator that supports seven different models that cater to specific individual needs.
SocialTensor has attracted the industry’s leading developers including from Microsoft Corp. (NASDAQ: MSFT) and top-tier Wall Street banks. As a result, the historic collaboration between the two entities will significantly accelerate the development and adopt decentralized artificial intelligence (AI).
Some of the products already launched by SocialTensor include NicheImage. The SocialTensor team has several products in the pipeline, which will be unveiled in the near term future.
“Together, their combined expertise and enterprise-level operations will elevate the subnet, bring new opportunities, and expand the global impact of the Bittensor network,” the announcement <a href="https://finance.yahoo.com/news/nichetensor-socialtensor-announce-first-ever-160000568.html" target="_blank" rel="noopener noreferrer nofollow">noted</a>.
The notable growth of Nvidia Corp. (NASDAQ: NVDA) to a $2.8 trillion company in the past few years has underpinned the heightened demand for artificial intelligence products globally. Moreover, global technology is expected to significantly be heavily influenced by artificial intelligence in the coming years.
<h2 class="wp-block-heading" id="h-direct-impact-on-the-bittensor-platform">Direct Impact on the Bittensor Platform</h2>
Bittensor (TAO), a major open-source protocol that powers a decentralized blockchain-based machine learning network, has grown to a top-tier market for artificial intelligence. According to the latest crypto <a href="http://thenewscrypto.com/market-news/" target="_blank" rel="noopener noreferrer nofollow">market </a>data as of this report, the Bittensor network has grown to a fully diluted valuation of about $8 billion and a daily average traded volume of around $28 million.
The strategic Union of NicheTensor and SocialTensor will enable the Bittensor network to further solidify its dominance in the artificial intelligence market.&nbsp;
The SocialTensor platform will soon <a href="https://finance.yahoo.com/news/nichetensor-socialtensor-announce-first-ever-160000568.html" target="_blank" rel="noopener noreferrer nofollow">introduce</a> a product dubbed Makeitaquote, which is a flagship X bot that simplifies turning posts into image quotes. According to the company, the Makeitaquate bot will generate more than 12 million organic impressions per week, which will harness the power of Bittensor.
“By utilizing their Bittensor subnet, they will provide tailored AI solutions that help people connect and express themselves more meaningfully. These AI models can be adapted for very specific (niched) use cases and are highly affordable, making them attractive to both large enterprises and small businesses,” the announcement said.

First Subnet Merger on Bittensor: SocialTensor and NicheTensor Join Forces To Build a Robust AI Entity

Table of Contents

TheNewsCrypto

Other articles published on Jun 5, 2024

Paxos Launches Yield-Generating Stablecoin Lift Dollar

Altcoin Season Is On The Horizon As Analysts Predict Massive Breakout Ahead

The AI Playbook and Theocratic Capture

Fetch Ai and Floki Inu Investors Seek Safe Haven in MoonBag; The best crypto presale in June 2024

The Death Cross: Utah Women 'Ordered' A Murder Using Bitcoin, Due To be Sentenced In July

Bitget adds Solana-based JungleDoge (JUNGLE) on PoolX (5 Jun)

Join our free newsletter for daily crypto updates!