Bittensor AI (TAO) Successfully Partners with Masa Network

Bittime - As we enter mid-July, attention in the AI ​​industry is turning to Bittensor. Recently, Evan Malanga, Vice President at DCG, tweeted his congratulations to Masa, a decentralized AI network, on the successful launch of their Bittensor subnet on testnet. 

This milestone is expected to bring over 1.5 million users to Masa and introduce the first dual token incentive structure on the subnet.

The Impact of This Success on the TAO Token

This progress has had a positive impact on Bittensor’s native token, TAO, which has seen a 10.50% increase in the past 24 hours, reaching $260.17. Over the past week, TAO has shown a bullish trend, with an overall increase of 13.14%. This comes shortly after the growth of various AI tokens, including NEAR, Render (RNDR), and TAO, was highlighted. 

Specifically, Render saw a 17.7% increase in frame rendering in Q1 2024 compared to Q1 2023.

Check Crypto Market Today:

AI and Blockchain: A Synergistic Revolution

The rapid expansion of AI in the cryptocurrency industry has led many analysts to predict a significant increase in its value in the coming years. The integration of AI applications in blockchain technology is driving this trend, attracting substantial interest and investment.

Dual token incentive structure period

The dual token incentive structure of Masa on the Bittensor network is significant. This innovative approach aims to more effectively reward users and contributors, encouraging increased participation and engagement in the network.

Inisiatif AI NEAR Protocol

In a related development, the AI ​​project NEAR Protocol aims to create an open, user-owned AI ecosystem with new infrastructure and applications, as previously reported by Crypto News Flash.

Conclusion

The successful launch of the Bittensor Masa subnet and the introduction of a dual token incentive structure mark significant progress in the AI ​​and blockchain sectors. These developments underscore the growing synergy between AI and blockchain technologies, promising a future of greater participation, engagement, and value creation in the cryptocurrency industry.

Also Read How To Buy Crypto:

How to Buy Crypto with Bittime

You can buy and sell crypto assets easily and safely through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed your identity verification. Also, make sure you have sufficient balance by depositing some funds into your wallet. Just so you know, the minimum asset purchase on Bittime is IDR 10,000. After that, you can make crypto asset purchases in the application. 

Monitor the price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.