• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Barry Silbert and Yuma: Pioneering Decentralized AI Projects

user avatar

by Giorgi Kostiuk

8 months ago


Barry Silbert of Digital Currency Group has announced the launch of Yuma, a new subsidiary aimed at fostering decentralized AI projects using the Bittensor infrastructure.

Yuma as an Accelerator and Incubator for Startups

Crypto mogul Barry Silbert likens the potential of Yuma to the early days of Bitcoin, which introduced a new era of financial transparency. He mentioned that Bittensor's features could spur groundbreaking developments, positioning Yuma as both an accelerator and an incubator to support startups. Currently, the company operates five active subnets and has nine others under development, focusing on areas like sports prediction, bot detection, and academic research.

Rewards for Users in TAO

Bittensor, a decentralized AI platform, enables users to create, train, and access machine learning models. The native cryptocurrency TAO is used to reward contributors to the network. Silbert highlighted that TAO could challenge existing models dominated by tech giants like Microsoft and Google.

Fair Compensation for Contributors

Bittensor can be likened to a sort of 'World Wide Web' of intelligence. Contributors receive fair and accurate compensation in TAO for their contributions. This system allows users to freely share ideas and benefit from equitable distribution. The platform employs the Yuma Consensus mechanism for fair reward allocation.

With Yuma's expansion and support for decentralized tech startups, Barry Silbert promotes DCG's long-term strategy of leveraging emerging technologies to innovate traditional finance.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Monetary Policy of the Federal Reserve: Cautious Approach and Its Impact on Bitcoin

chest

Jerome Powell emphasizes a cautious stance on monetary policy, keeping Bitcoin under close observation from traders.

user avatarGiorgi Kostiuk

Olaxbt Raises $3.38 Million from Amber Group to Enhance AI Trading Platform

chest

Olaxbt successfully raised $3.38 million in seed funding to boost its AI-powered crypto trading platform.

user avatarGiorgi Kostiuk

Random Airdrop of S Tokens by Sonic Labs: Details and Predictions

chest

Sonic Labs will conduct a random airdrop of 190.5 million S tokens from July 15 to 22, 2025, encouraging active community participation.

user avatarGiorgi Kostiuk

Exploring Top Cryptocurrencies for Investment: BlockDAG, Solana, XRP, and Dogecoin

chest

Overview of relevant crypto projects with strong communities and real utility.

user avatarGiorgi Kostiuk

Ethereum Focuses on Minimizing Miner Extractable Value (MEV)

chest

Ethereum seeks to minimize MEV to enhance its interactions with traditional financial institutions.

user avatarGiorgi Kostiuk

Mike Novogratz on Political Pressure and Bitcoin as a Safe Haven

chest

Mike Novogratz, CEO of Galaxy Digital, discusses the need for investments in Bitcoin due to potential weakening of the US Dollar.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.