Introducing Yuma: DCG’s New Subsidiary for Decentralized Intelligence
Digital Currency Group (DCG) recently announced the launch of Yuma, a subsidiary dedicated to supporting startups in the decentralized intelligence space. This new venture will focus on leveraging Bittensor’s infrastructure to drive innovation and growth in the intersection of cryptocurrency and artificial intelligence.
Barry Silbert Takes the Lead
DCG’s founder and CEO, Barry Silbert, will be leading Yuma with a vision to provide startups and enterprises with the necessary resources to develop applications on Bittensor’s decentralized AI network. This move is seen as a strategic step towards revolutionizing the way AI technologies are accessed and utilized.
“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.”
Exploring Bittensor’s Decentralized AI Network
Bittensor offers a decentralized AI network that allows global contributors to create, train, and access machine learning models in an open marketplace. The Yuma Consensus mechanism aims to measure and reward contributions fairly using the native token TAO.
- Projects within the network operate as “subnets” specializing in various AI and ML services.
- Yuma plays a key role as a validator, miner, and subnet developer within Bittensor.
- DCG’s subsidiary supports various subnets, including text-based AI tools and financial services.
Grayscale’s Involvement in Decentralized AI
Grayscale, a parent company of DCG, launched a decentralized AI fund that tracks cryptocurrencies like TAO, Filecoin, Livepeer, NEAR Protocol, and Render. The company also created a trust focused solely on TAO, recognizing Bittensor’s pivotal role in advancing decentralized AI technologies.
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