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Cryptocurrency News Articles

Barry Silbert Believes Decentralized Artificial Intelligence (deAI) May Be the Next Big Era of Cryptocurrency

Feb 08, 2025 at 06:50 pm

Barry Silbert, the founder and CEO of Digital Currency Group (DCG), believes that decentralized artificial intelligence (deAI) could be the next major era within the crypto market.

Barry Silbert Believes Decentralized Artificial Intelligence (deAI) May Be the Next Big Era of Cryptocurrency

Barry Silbert, the founder and CEO of Digital Currency Group (DCG), believes that decentralized artificial intelligence (deAI) could be the next major era within the crypto market.

In a shareholder letter, Silbert highlighted DCG’s ongoing investments in deAI, noting that its potential may surpass Bitcoin’s value in the coming years.

Silbert expressed confidence in the future of decentralized AI, or deAI, saying that the fusion of blockchain technology with AI is a huge opportunity for the crypto industry. DCG, known for its influential role in the digital asset space, has invested $105 million in more than a dozen deAI projects.

Silbert stated that DCG plans to increase its investment in the growing sector throughout 2025. He explained that DCG views the transition from digital ownership of assets to decentralized ownership of intelligence as a major shift for the industry.

One of DCG’s key investments in deAI is in Bittensor, a crypto network focused on machine learning and AI applications. Silbert noted that Bittensor’s TAO token is similar to Bitcoin, showing the project’s impact.

DCG's diverse holdings include Bittensor, a crypto network that spans multiple chains and is dedicated to advancing AI and machine learning. Silbert highlighted the significance of Bittensor's TAO token, which is notably smaller in market cap compared to Bitcoin, with TAO valued at $2.73 billion. However, Silbert points out the importance of observing the growth pattern of such projects.

Despite being smaller in market capitalization compared to Bitcoin, which is valued at nearly $2 trillion, the growth pattern of such projects is a trend that DCG is keeping a close eye on.

Silbert also mentioned that Bittensor is a crucial part of DCG's strategy, and its importance is evident in various ways. For instance, a subsidiary of DCG called Yuma was launched in late 2024 to help incubate projects that contribute to the Bittensor ecosystem.

Moreover, Grayscale, another company owned by DCG, now offers investment products that provide exposure to TAO. This move further strengthens DCG's stake in Bittensor's development.

DCG's力は分散型AIに拡大し続けるにつれて、今後数年間で明らかになるだろう。同社はすでにこの分野に多額の投資を行っており、今後さらに多くの展開が期待される。

DCG's strength will continue to be realized in the coming years as its reach in decentralized AI expands. The company has already allocated significant investments in this domain, and we can expect to see more developments on this front.

These investments come as DCG continues to recover from the fallout of the FTX collapse, which impacted its lending arm, Genesis.

Silbert reported that 2024 was a year of rebuilding for DCG, with successful developments across all its divisions. He highlighted the improved infrastructure, enhanced governance, and stronger organizational processes that have been put in place over the past few years.

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