DCG launches Yuma to fuel decentralized AI innovation with Bittensor
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Yuma is a new subsidiary dedicated to accelerating startups building decentralized intelligence projects using Bittensor’s infrastructure. The move represents a strategic foray into converging crypto and artificial intelligence (AI), two sectors poised for exponential growth. DCG founder and CEO Barry Silbert will lead Yuma, aiming to provide startups and enterprises with the necessary resources to develop applications on Bittensor’s decentralized, open AI network.
Silbert emphasized, "Just like Bitcoin revolutionized transparent, borderless money, we’re now entering an era of decentralized intelligence. Yuma provides startups and enterprises with the resources to deploy innovative ideas on Bittensor, creating a transformative AI platform accessible to all.
The Role of Bittensor in Decentralized AI
Bittensor is a decentralized AI network that enables global contributors to create, train, and access machine learning (ML) models in an open marketplace. The Yuma Consensus (YC) mechanism measures and fairly rewards contributions using its native token TAO. Projects within the network function as "subnets," specializing in various AI and ML services such as text generation, translation, and data storage.
Yuma's Engagement with Bittensor
Yuma actively participates across Bittensor as a validator, miner, and subnet developer. Currently, the company is the third-largest validator on the network and supports multiple subnets, including text-based AI tools and financial services. As a subnet accelerator and incubator, Yuma streamlines projects and offers technical and strategic guidance.
Grayscale, another DCG parent company, launched a decentralized AI fund that tracks cryptos like TAO, Filecoin (FIL), Livepeer, Near Protocol (NEAR), and Render (RENDER). The asset manager subsequently created a trust solely focused on TAO, underscoring Bittensor's pivotal role in advancing decentralized AI.
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