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Digital Currency Group’s Barry Silbert Bets Big on AI Blockchain Bittensor

  • DCG chief and Yuma CEO Barry Silbert said he believes Bittensor could be as transformative as bitcoin.
  • Yuma will operate as an accelerator for startups looking to explore Bittensor, and as an incubator to partner up and build subnets.
UnmuteBlackRock's IBIT Options Launch on Nasdaq03:27Trump's Media Company in Talks to Buy Crypto Trading Platform Bakkt; Razzlekhan Gets 18 Months in Prison11:59Dormant Investors Are 'Awake Again' for Crypto After the Election: Galaxy Exec01:16Solana's SOL Skyrockets Past $240 for First Time in Three Years02:43XRP Price Surges Amid Record Futures Bets; Who Will Be the Next U.S. Treasury Secretary?Digital Currency Group (DCG), an early champion of cryptocurrencies and the digital asset industry, is now turning its attention to AI as well. Not just any artificial intelligence, but a decentralized version that drives the Bittensor ecosystem.

The conglomerate led by Barry Silbert has unveiled a new company, Yuma, focused on incubating and building new businesses that use decentralized AI to perform tasks and earn rewards.At its core, Bittensor is a decentralized network for AI that creates incentives for people to contribute data and computing power for activities ranging from text translation and data storage to predicting the structure of complex protein chains.“If you ask five people: 'What is Bittensor?' You will get five different answers,” Silbert, a cryptocurrency OG investor and evangelist, said in an interview. “If you remember early bitcoin, some people would say it's money, some people would say it's gold. Some people would say it's this blockchain [...] The way that I look at Bittensor is as the World Wide Web of AI.”

There's no doubt AI is a foundational technology with all sorts of possibilities, but it also has the potential to hand way too much power to the Microsofts, Facebooks and Googles of this world as users shovel their data in the corporations mighty computers. Decentralized AI may help avoid that, not only when it comes to harnessing vast untapped computational resources, but also removing some of the tech’s opaque and creepy reputation.Bittensor’s native cryptocurrency, $TAO, is used to incentivize an army of decentralized workers: either miners contributing advanced computing services to certain tasks or validators assessing contributions for quality and allocating rewards.

This interest in AI didn’t happen overnight. DCG made its first investment into Bittensor in 2021. More recently, DCG’s asset management firm, Grayscale, added funds dedicated to AI including the $TAO token. Underscoring his belief in the project, Silbert will step into the CEO position at Yuma, which will have some 25 employees on day one.In some respects, the Yuma incubation and design studio is to Bittensor what Joe Lubin’s Consensys model was to Ethereum. But rather than owning 100% of the subnets grown under Yuma’s auspices, it's more like the Y Combinator model of a venture capital firm mixed with an accelerator, Silbert said.

“There are two flavors of subnet partnerships,” Silbert said. “We are doing an accelerator, so if you are a startup or an enterprise who has an idea and wants to explore the world of Bittensor and launch a subnet, we will help you. Then we have a subnet incubator, where we will partner up with somebody to build from scratch a new subnet.”So far, Yuma has five subnets that are live. Four went through the accelerator program and one through incubation. Another nine are in development and should go live in the coming weeks, one of which is in incubation and rest in the accelerator. The current roster constitutes a good mix of use cases, said Evan Malanga, Yuma's chief revenue officer.

“We've got human detection, like bot detection subnets,” Malanga said in an interview. “We have time series prediction subnets coming online. We've got a few academic ones as well; AI research, leveraging the miners in the subnets to go do that work for them, some security ones, and a role-play one. And sports predictions. Lots of sports predictions.”Edited by Sheldon Reback.

Source

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  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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