Bittensor's Halving: A New Era for Decentralized AI

Bittensor, a cryptocurrency focused on decentralizing AI, recently underwent its first halving event, reducing daily TAO token issuance from 7,200 to 3,600. This supply reduction, similar to Bitcoin, aims to create scarcity and potentially boost the tokens value. Backed by influential figures like Barry Silbert and major venture capitalists, Bittensor has a market cap of $2.7 billion and is positioned as a decentralized AI alternative to large tech companies. Analysts predict this halving could positively impact Bittensors price, as historically, halvings have been bullish events. The next halving is projected for late 2029, and the crypto community eagerly awaits its impact on Bittensors trajectory in the AI and cryptocurrency landscapes.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.