
A series of events have had an extremely positive effect on both the market cap and the public perception of Opentensor Foundation, to the extent that Crypto Twitter is currently buzzing with Bittensor talks. Its $TAO token have grown by 30+% over the last week, stimulated by investment and development news. Lets'start from the start.
First, as you probably remember from last week, Bittensor's decentralized AI studio, Yuma, launched an asset management arm, backed by a $10M investment from DCG. It's aimed at giving institutional and accredited investors access to the decentralized AI sector, specifically the Bittensor network.
Then on Friday, digital asset manager Grayscale Investments filed documentation for a Bittensor trust product to the U.S. Securities and Exchange Commission. The move was largely seen as legitimizing $TAO for institutional players.
We just filed a Form 10 for Grayscale Bittensor Trust $TAO, the first step toward becoming an SEC Reporting Company, increasing its accessibility, transparency, and regulatory status.
If this filing is approved, the Bittensor trust product will, like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), be required to file periodic reports (10-K, 10-Q) and audited financial statements with the SEC, and will be publicly traded on the over-the-counter market.
On Monday of this week, though, Bittensor‑focused treasury firm TAO Synergies Inc. raised $11M via a private placement of Series E convertible preferred stock, backed by strategy advisor James Altucher and again DCG. The funds are intended to support the company’s strategic investments in $TAO tokens and other revenue opportunities within the Bittensor ecosystem.
TAO Synergies, formerly Synaptogenix, repositioned itself around Bittensor and currently holds over 42,111 $TAO tokens, the largest public treasury holding.
Finally, Bittensor's first-ever halving, scheduled for December 11th-12th, is quickly approaching. It will reduce daily $TAO emissions by 50%, from 7,200 to 3,600 tokens, with the aim of enhancing scarcity, and thus push the price up.
If you're eager to learn more, I strongly suggest you check out Sami Kassab's deep into the forthcoming halving. I'll keep closely following Bittensor's progress and report back to you here.
Inference has raised $11.8M in a seed funding round, led by Multicoin Capital and a16z crypto CSX, and supported by Topology Ventures, Founders, Inc., and angels like Anatoly Yakovenko, Lucas Bruder, Zano Sherwani, Chaotic Capital, and more.
Instead of relying on expensive, general-purpose models from big labs like OpenAI, Inference offers smaller, task-specific models that are faster, cheaper, and give companies more control. The funding will support R&D and scaling as they push toward helping businesses "own" their AI infrastructure.
As scaling laws continue to demand larger models and more compute, margins become thin, and operating at scale becomes untenable. We're taking a different approach -- training task-specific Small Language Models (SLMs) that match or outperform models from the Big Labs.
Inference operates one of the largest distributed GPU clusters on Solana.
In a pre-seed round backed by Polygon Labs and Aptos Foundation, the self-custodial neobank Tria has raised $12M. The funding will help Tria scale its platform to become a leader in DeFi services, by developing a payments' infrastructure suitable for both humans and AI.
The company’s goal is to provide individuals and AI systems with a way to securely manage and move funds without relying on traditional banks or intermediaries. Unlike conventional neobanks, Tria emphasizes self-custody, meaning users have full control over their assets rather than entrusting them to a third party.
4AI, a decentralized AI platform, has successfully completed a $6M strategic investment round from 0xLabs. The funding will be used to improve product features, encourage multi-agent collaboration, and build a decentralized AI Agent marketplace within the BNB Chain ecosystem.
4AI aims to accelerate the open sharing of AI value, allowing developers to upload, share, and monetize AI agents, while users can access and utilize these agents for various tasks.
NEAR Foundation has added several experienced executives from companies like Bloomberg, Digital Currency Group, Flipside, and dYdX, to strengthen its leadership. The new appointments include:
Matt Kummell, Chief Commercial Officer of NEAR Foundation
Alycia Tooill, Head of People of NEAR Foundation
Chris Briseno, Chief Marketing Officer of NEAR Foundation
George Zeng, Chief Product Officer of NEAR Foundation & General Manager of NEAR AI
Bowen Wang, Chief Technical Officer of NEAR & Founder of NEAR One
Their goal is to move from infrastructure development toward product adoption and commercialization, especially in AI.
NEAR Protocol plans to build privacy-preserving, AI-native products that return data ownership to users.
Thank you for reading! The next edition is coming tomorrow!
I invite you to subscribe to The Web3 + AI Newsletter to stay in the loop on the hottest dAI developments.
I'm looking forward to connecting with fellow Crypto x AI enthusiasts, so don't hesitate to reach out to me on social media.
Disclaimer: None of this should or could be considered financial advice. You should not take my words for granted, rather, do your own research (DYOR) and share your thoughts to create a fruitful discussion.
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Albena Kostova-Nikolova
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