Bittensor’s TAO Coin Skyrockets as Innovative Developments Attract Attention

TAO, the native token of Bittensor’s decentralized AI network, surges as developers flock to its open-source machine learning platform. The project’s novel ’proof-of-intelligence’ consensus mechanism is drawing both crypto enthusiasts and AI researchers—proving once again that the market will throw money at anything with a buzzword and a whitepaper.

Key drivers behind TAO’s rally:

- 47% price spike in 7 days as staking rewards hit 18% APY

- Bittensor’s subnet architecture gains traction among AI startups

- Whispers of a Coinbase listing circulating through crypto Twitter

The real test comes when the hype cycle ends and these ’decentralized AI’ projects actually need to deliver working products. For now, the gravy train keeps rolling—just don’t be the last one holding the bag when VCs cash out.

$94,676,” institutional interest in a TAO-focused liquid fund increased rapidly. The Dynamic TAO (dTao) update and EVM compatibility have introduced ease of development and new revenue models. TAO’s listing on Coinbase in February has also expanded its visibility and liquidity, sparking further interest in the asset.

ContentsInvestor Interest Shifts Toward TAO CoinBittensor’s Fate Hinges on Subnet Utilization

Investor Interest Shifts Toward TAO Coin

The recent momentum is driven by the strengthening narrative of “decentralized artificial intelligence,” where AI intersects with Blockchain. Bittensor, with its fixed supply of 21 million coins and block reward halving mechanism, is compared to Bitcoin. Yet, investors mostly value the TAO coin as an ecosystem token.

Joscha Kuplewatzky, executive at Wintermute Ventures, highlighted the resurgence of the AI-Blockchain narrative at Token2049 Dubai, with TAO providing “index-like representation.” Joseph Jacks, founder of OSS Capital, stated that Bittensor is doing for capitalism what Bitcoin did for fiat money, emphasizing the altcoin’s potential to create value without capital raising.

Jacks’ company, Latent Holdings, is recognized for contributing tools like the metric tracking TAO.app and TAO Hash, which aims to distribute Bitcoin hashrate within the ecosystem.

Bittensor’s Fate Hinges on Subnet Utilization

Experts believe Bittensor’s fate depends on whether its subnets can achieve real-world application. Tekin Salimi, the founder of dao5, noted the need for subnets to produce sustainable profits over TAO inflation, while major TAO coin holder Robert Myers warned of potential performance loss if miner incentives decrease.

Despite projects like Chutes processing extensive data and demonstrating potential, developer quality must continue to improve. The high motivation felt at Austin’s first Bittensor event, Endgame, has already accelerated funding into subnet projects.

Unsupervised Capital aims to grow its TAO position by accumulating early-stage subnet coins in search of “asymmetric returns.” The crucial threshold lies in these subnets achieving product-market fit and creating lasting revenue.

The TAO coin trades at $358.14, having risen 3.52% in the last 24 hours. While the past week shows a 3.46% decline, the last 30 days record a notable 65.10% increase.

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