• 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

New Opportunities in the Meme Cryptocurrency Market: Troller Cat Gaining Popularity

chest

Exploring the rise of Troller Cat amid shifts in meme cryptocurrencies and the current status of Shiba Inu and Pepe.

user avatarGiorgi Kostiuk

Bit Digital Makes $67.3 Million Ethereum Purchase, Strengthening Its Holdings

chest

Bit Digital invests $67.3 million in Ethereum, raising total holdings to nearly 120,306 coins.

user avatarGiorgi Kostiuk

Block Inc. Joins S&P 500, Replacing Hess Corp.

chest

Block Inc. will replace Hess Corp. in the S&P 500, potentially impacting Bitcoin's acceptance by institutional investors.

user avatarGiorgi Kostiuk

XRP Sets New Record Following Legislative Changes

chest

XRP hit $3.66, surpassing previous records due to increased investor interest and the expected signing of the GENIUS Act.

user avatarGiorgi Kostiuk

MEI Pharma and Litecoin: New $100 Million Treasury Strategy

chest

MEI Pharma has announced a $100 million treasury strategy with Litecoin, led by Litecoin creator Charlie Lee. Market reaction was volatile.

user avatarGiorgi Kostiuk

Merkel Urges for a Cohesive EU Response to US Tariffs

chest

Merkel calls for EU unity in response to US tariffs that may disrupt trade chains.

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.