Bittensor

Masa

Evan

AI Network

<ul>
 <li>Bittensor’s subnet achievement by Masa introduces the first dual-token incentive structure in the network.</li>
 <li>The AI sector’s growth in crypto is attracting significant interest and investment, predicting substantial future valuation increases.</li>
</ul>
As July progresses, the spotlight shifts to the AI industry, with a particular focus on Bittensor. In a recent <a href="https://x.com/EvanMalanga/status/1810620473446719995" rel="noopener noreferrer nofollow">tweet</a>, 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.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Congratulations to <a href="https://twitter.com/DCGco?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@DCGco</a> portfolio company <a href="https://twitter.com/getmasafi?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@getmasafi</a> on the milestone announcement of their <a href="https://twitter.com/hashtag/Bittensor?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bittensor</a> subnet on testnet.
 Masa will bring their 1.5m+ users and create the first dual-token incentive structure on a subnet. <a href="https://twitter.com/BrendanPlayford?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@BrendanPlayford</a> and <a href="https://twitter.com/calanthiaaa?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@calanthiaaa</a> are relentless… <a href="https://t.co/uceE1fcBzO" rel="noopener noreferrer nofollow">pic.twitter.com/uceE1fcBzO</a>
 — Evan Malanga (@EvanMalanga) <a href="https://twitter.com/EvanMalanga/status/1810620473446719995?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 9, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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 <a style="color: #008000;" href="https://www.crypto-news-flash.com/impressive-gains-in-render-network-q1-2024-performance/" rel="noopener noreferrer nofollow">highlighted</a> the growth of various AI tokens, like NEAR, Render (RNDR), and TAO. Notably, Render has had an impressive year, with a <a href="https://www.crypto-news-flash.com/impressive-gains-in-render-network-q1-2024-performance/" rel="noopener noreferrer nofollow">17.7% increase in frames rendered in Q1 2024</a> compared to Q1 2023.
<h2 id="strong-ai-and-blockchain-a-synergistic-revolution-strong">AI and Blockchain: A Synergistic Revolution&nbsp;</h2>
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 <a style="color: #008000;" href="https://www.crypto-news-flash.com/near-protocol-leads-ai-innovation-with-user-owned-ecosystem/" rel="noopener noreferrer nofollow">reported</a> by Crypto News Flash, NEAR Protocol’s AI projects seek to establish an open, user-owned AI ecosystem with novel infrastructure and applications.

Bittensor AI Network Expands with Masa’s Subnet Achievement

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Crypto News Flash

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