Bittensor (TAO) Rises by Over 10% After Masa Pioneers Dual-Token Structure in Its Subnet Ecosystem
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Release Time:07/10/2024 10:57:43
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Masa, a decentralized AI network, has launched an AI Data Subnet on Bittensor, revolutionizing the decentralized production of artificial intelligence. This strategic move enables Masa to utilize Bittensor’s peer-to-peer machine intelligence network to enhance AI data aggregation, transformation, and access.

 

Quick Take

  • Masa introduces its AI Data Subnet on Bittensor, leveraging the decentralized network to enhance AI data aggregation, transformation, and access.

  • Masa pioneers a dual-token reward structure in the Bittensor Subnet Ecosystem, offering rewards in $MASA and $TAO to incentivize contributors.

  • Bittensor's native token, TAO, has seen a price increase of over 10% in the past 24 hours, reflecting growing interest and investment in AI and blockchain integration.

Masa Joins Bittensor’s $10B Ecosystem

Since its launch in March 2023, Bittensor has built a $10 billion AI ecosystem. Institutional validators like Foundry and Polychain have collectively staked $1.8 billion worth of $TAO. Bittensor’s network operates through specialized sub-networks, each dedicated to different AI areas. With its sophisticated TAO economic model, Bittensor incentivizes high-value AI subnets, making it a key player in decentralized AI (DeAI).

 

Masa is a decentralized AI network where people earn by contributing data. AI developers can build anything, anywhere with the world’s data. Masa allows global contributions of data and compute for AI development without centralized control. Contributors, including validators and workers, earn rewards based on the value they add to the network. This game-theoretical framework ensures an effective system that drives growth and the equitable expansion of Fair AI.

 

Masa and Bittensor communities can run a Masa worker node from low-power devices, contributing compute and bandwidth from anywhere. This broad participation ensures a decentralized and fair contribution to AI development.

 

Masa’s Impact on Bittensor

Bittensor circulating supply and trading volume | Source: Benzinga 

 

Masa’s ecosystem, with over 1.6 million contributors and 100 developers, is expected to significantly enhance Bittensor's performance and utility. Brendan Playford, Co-founder of Masa, believes that Bittensor’s potential could surpass Ethereum’s growth due to the rapid expansion of Decentralized AI.

 

TAO Price Spikes by Over 10% 

TAO/USDT price chart | Source: KuCoin 

 

TAO’s price increased by 15.02% over the past 24 hours to $262.59. Despite a 7.0% loss over the past week, the current market cap ranking for TAO is #50 at $1.84 billion. The trading volume has increased by 87.0% over the past week, with a circulating supply of over 7.02 million. TAO’s bullish structure over the past week reflects the growth and interest in AI tokens within the cryptocurrency market.

 

Masa’s Dual-Token Reward Structure

Masa’s token, $MASA, becomes the first and only live token in the Bittensor ecosystem. Masa Protocol and Bittensor Subnet participants can earn dual-token staking rewards in $MASA and $TAO. The Masa Foundation will use TAO from operating the subnet to support $MASA through buybacks or distributions.

 

Democratizing AI Development

Masa provides real-time and static data critical for AI development from various sources like Twitter, Discord, and Google Search. Real-time data can be used for building robust datasets or directly in system prompts. Static datasets, constantly updated and stored by subnet workers, fuel Retrieval Augmented Generation (RAG) in AI agents.

 

Masa’s annotated data sets are processed using fine-tuned LLMs trained on various formats, delivering high-quality outputs. AI developers use Masa data for diverse applications, such as capturing trading signals and building hyper-personalized AI companions.

 

Masa has raised $18 million, backed by DCG, Anagram, Republic Digital, and Animoca, and was incubated by Binance and Hashkey.

 

Crypto Market’s AI Sector Expected to Cross $10B by 2030

The launch of Masa’s subnet has generated momentum in decentralized AI. Evan Malanga, VP Strategy at DCG, supports Masa’s advancement in decentralized and broader AI development. This aligns with DCG’s belief in the power of decentralized technologies.

 

The AI sector in the crypto industry is projected to reach $10.2 billion in revenue by 2030. Centralized AI is expected to hold a market share value of $1.8 trillion by 2030. However, there is a clear demand for decentralized players to prevent monopolization by centralized entities.

 

Conclusion

The collaboration between Masa and Bittensor could introduce advancements in decentralized AI development. Masa’s dual-token reward structure is designed to democratize AI and promote an equitable contribution system. As the AI sector expands, Masa’s involvement with Bittensor and its impact on the broader AI community is expected to be notable, potentially fostering a future where AI development is community-driven. However, as with any emerging technology, there are inherent risks and uncertainties. It is important for stakeholders to stay informed and carefully consider these factors when engaging with decentralized AI projects.

 

Source:Benzinga
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