- Cryptocurrency investment firm dao5 has unveiled tao5, an incubator designed to support early-stage subnets on the Bittensor decentralized protocol.
- dao5’s acquisition of validator OWL Ventures, the third largest on Bittensor by stake, reinforces its influence on the protocol’s governance and security.
- The incubator’s first project, the Eternis “Lean In” subnetwork, aims to develop an AI system capable of solving complex mathematical hypotheses
- With over 60 active subnets and a vibrant developer community, Bittensor has become a hub for decentralized AI innovation.
crypto investment company dao5 has launched an incubator, called tao5, aimed at accelerating the development of early-stage subnets on the Bittensor protocol. The initiative is positioned to foster cutting-edge artificial intelligence applications within the decentralized ecosystem.
The announcement follows dao5’s acquisition of network validator from OWL Ventures, now the third-largest validator by stake in the Bittensor ecosystem. By combining its validation operations with the tao5 incubator, dao5 aims to play a critical role in the security, governance and innovation of the protocol subnet.
Founded in 2022 by Salami TekinFormer General Partner at Polychain Capital, dao5 has carved a niche for himself in funding transformative crypto protocols and companies. The company, structured to transition to a decentralized autonomous organization (DAO), counts among its achievements investments in projects such as Berachain, EigenLayer, Story Protocol and Movement Labs. Salimi’s early recognition of Bittensor’s potential, discovered through of its vibrant AI community and decentralized network architecture, set the stage for this deeper engagement.
“Bitensor exemplifies the spirit of open collaboration,” said Salimi. “Our goal is to improve the caliber of technical teams that create subnets in the protocol. “We believe TAO’s fair and open design positions it as the leading ecosystem for best-in-class AI founders.”
Bittensor’s Growing AI Ecosystem
Bittensor, a decentralized AI protocol, has risen to prominence, with over 60 active subnets and many more in the pipeline. It has become a magnet for AI researchers and developers seeking open collaboration, offering a compelling alternative to the centralized control of traditional AI models.
The protocol rewards contributors with its native token, TAO, fostering a vibrant community of talent and innovation. Salimi’s early investments in Bittensor, made through direct token purchases on the over-the-counter market, reflect his confidence in its long-term potential.
Partnering with AI visionaries
As their first incubation partnership, tao5 has teamed up with Eternis, the team behind the “Lean In” subnet (SN#63).
Eternis is working to develop an AI system capable of formally testing complex mathematical hypotheses, marking a significant leap at the intersection of AI and mathematical reasoning. Inspired by advances such as DeepMind’s AlphaGeometry, the project aims to create an AI mathematician, capable of solving problems at the Olympiad level and beyond.
“Our vision for ‘Lean In’ is to develop a decentralized ‘state root of knowledge’ that supports structured data and knowledge for various sectors,” said Srikar Varadaraj, founder of Eternis. “This collaboration with tao5 and Bittensor allows us to advance this mission.”
A strategic move in decentralized AI
The launch of tao5 signals dao5’s strategic pivot to position itself at the nexus between decentralized AI and blockchain. With the incubator leveraging Bittensor’s growth and ecosystem, dao5 is not only deepening its involvement in the protocol, but also driving advancements in AI that could redefine its application across industries.
By bridging the worlds of blockchain governance and collaborative AI research, dao5 and tao5 aim to set a precedent for innovation within decentralized frameworks. Whether training AI mathematicians or securing open source knowledge, this initiative underscores the transformative potential of combining blockchain and AI to address some of the most complex challenges of our time.
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