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Cryptocurrency News Articles

Digital Currency Group (DCG) Announces the Launch of Yuma, a New Company Dedicated to Fostering Innovation and Development on Bittensor

Nov 21, 2024 at 03:48 am

Yuma aims to provide startups and enterprises with the resources needed to create, train, and access artificial intelligence in a decentralized ecosystem.

Digital Currency Group (DCG) Announces the Launch of Yuma, a New Company Dedicated to Fostering Innovation and Development on Bittensor

Digital Currency Group (DCG) has announced the launch of Yuma, a new company dedicated to fostering innovation and development on Bittensor, a decentralized AI network.

Yuma will provide startups and enterprises with the resources needed to create, train, and access artificial intelligence in a decentralized ecosystem.

At the heart of Bittensor’s decentralized ecosystem is its native $TAO token, which drives participation by incentivizing contributors.

The token rewards individuals for supplying computing power and evaluating the quality of work on the network, ensuring the system remains efficient and collaborative.

Bittensor incentivizes tasks such as text translation, data storage, and protein structure prediction while promoting a transparent and equitable alternative to centralized AI systems dominated by tech giants.

“Just like the early days of Bitcoin, which fueled the development of a new form of transparent, borderless money, we’re moving from the digital ownership of assets to the decentralized ownership of intelligence,” Silbert said.

The company offers two partnership models: an accelerator program for startups and enterprises, and a subnet incubator for building new projects from scratch.

News source:cryptobriefing.com

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