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

DCG introduces Yuma: advancing decentralized intelligence

user avatar

by Giorgi Kostiuk

a year ago

Digital Currency Group has announced the launch of Yuma, focused on investing in and incubating startups utilizing the Bittensor network.

About Yuma and its role

Yuma is a new subsidiary of DCG aimed at decentralized intelligence. Led by DCG founder and CEO Barry Silbert, Yuma will focus on supporting startups and projects using the decentralized network Bittensor.

DCG's innovation and investment

DCG has shown interest in Bittensor since 2021, and now aims to accelerate decentralized AI adoption with Yuma. "We are moving from digital ownership of assets to decentralized ownership of intelligence," Silbert stated. The new initiative symbolizes the company's commitment to advancing the crypto industry at the intersection of AI and blockchain.

Collaboration and subnet support

Yuma partners with various companies for its subnet incubator program, including Sturdy, Masa, Score, and Infinite Games, to facilitate the successful launch of subnets on the Bittensor platform. "We created Bittensor to offer a competitive alternative to ensure open access to technology," noted Bittensor co-founder Jacob Steeves.

With the launch of Yuma, Digital Currency Group is stepping towards the future of decentralized intelligence by providing startups with resources to implement their ideas.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Sabadell Joins European Banking Consortium for Stablecoin Initiative

chest

Spanish bank Sabadell has joined the Qivalis consortium aimed at launching a Europe-pegged stablecoin.

user avatarBayarjavkhlan Ganbaatar

Ripple CEO Highlights Critical Hearing for CLARITY Act's Future

chest

Ripple CEO Brad Garlinghouse emphasizes the importance of the upcoming Senate Banking Committee hearing for the CLARITY Act's progress.

user avatarMohamed Farouk

Bitcoin Holds Steady Above 80,000 as Market Recovery is Tested

chest

Bitcoin's price remains above 80,000, indicating a recovery from March lows, with differing behaviors observed among large holders.

user avatarElias Mukuru

Gerstein Harrow LLP Files Restraining Notice Over Ethereum Linked to Kelp DAO Hack

chest

Gerstein Harrow LLP has filed a restraining notice in a New York district court, claiming legal rights to approximately 30,766 Ethereum frozen after the Kelp DAO hack.

user avatarDiego Alvarez

Aave Takes Legal Action to Release Frozen Ethereum in Kelp DAO Hack Case

chest

Aave has filed an emergency motion in a New York district court to vacate a restraining notice blocking the Arbitrum DAO from accessing approximately 30,766 Ethereum frozen after the Kelp DAO hack.

user avatarKenji Takahashi

World Liberty Financial Sues Justin Sun for Defamation

chest

World Liberty Financial has filed a defamation lawsuit against Justin Sun, accusing him of orchestrating a smear campaign to damage the company's reputation and manipulate token prices.

user avatarMaria Fernandez

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.