The OpenTensor Foundation has made a significant move by reinstating the subnet registration mechanism, which is set to reshape the competitive landscape within the Bittensor ecosystem. This decision, effective from October 16th, introduces new dynamics aimed at fostering quality and innovation among subnet teams. The source reports that this change is expected to enhance collaboration and drive advancements in the network.
New Guidelines for Subnets
Under the new guidelines, the number of subnets will be capped at 128, ensuring a more manageable and competitive environment. To further stimulate growth, a four-month immunity period will be granted to newly registered subnets, allowing them to establish themselves without immediate competition.
Impact on TAO Tokens
This strategic update is anticipated to drive up the demand for TAO tokens, as increased activity within the Bittensor community is expected to follow. The OpenTensor Foundation's initiative reflects its commitment to enhancing the overall quality and competitiveness of its network, positioning it for future growth.
Chainlink has recently experienced a surge in market value due to increasing institutional interest and new staking features. This development contrasts with the OpenTensor Foundation's recent changes aimed at enhancing competition within the Bittensor ecosystem. For more details, see Chainlink's rise.
