Bittensor DAO has approved the establishment of TAO bridges for the Arbitrum and Base networks and has launched a grant program to support decentralized AI projects.
Overview of TAO's Market Status
Currently, the **Bittensor (TAO)** token is trading at approximately **$416.23 USD**, maintaining a robust position in the AI and decentralized machine learning sector. The circulating supply of the token is **33.39 million TAO**. TAO shows resilience, holding above the **$390 support level**, aiming for a target of around **$430**.
TAO Bridges and Their Significance
The Bittensor community has approved the deployment of TAO token bridges to Arbitrum and Base, allowing for the use of **wrapped TAO** in DeFi protocols and governance tools across EVM-compatible chains. Liquidity pools and staking vaults are expected to launch in the coming weeks.
TAO Foundation Grant Program
The TAO Foundation has unveiled a **$100 million ecosystem fund** that will support decentralized AI projects, focusing on teams working on data validation networks, compute marketplaces, and zero-knowledge inference models.
Bittensor continues to actively develop its technologies and expand opportunities for users. Recent initiatives, such as bridges to EVM and the grant program, highlight the organization's commitment to supporting innovations in decentralized artificial intelligence.
