DCG has established a new subsidiary, Yuma, aimed at supporting and promoting the development of the Bittensor network.
Powered by ChatGPTPANews reported on November 21 that Digital Currency Group (DCG) has announced the establishment of a new subsidiary, Yuma, aimed at supporting and promoting the development of the Bittensor network. Bittensor is a decentralized open network where users can create, train, and access artificial intelligence. Barry Silbert, the founder and CEO of DCG, will also serve as the CEO of Yuma, further advancing DCG's integration of cryptocurrency and artificial intelligence.
Yuma will provide capital, infrastructure, and technical support for startups and large enterprises, helping them develop and deploy innovative projects on the Bittensor network. Bittensor is referred to as the "intelligent web" and measures and rewards contributions to the network fairly through its core technological innovation, the "Yuma Consensus" mechanism, using the native token $TAO as an incentive.
Yuma is not only the third largest validation node on the Bittensor network but also supports AI/ML services such as text generation, translation, and data storage by establishing and operating subnetworks. Currently, Yuma has partnered with several companies to launch subnetworks, including Sturdy, Masa, Score, and Infinite Games. Additionally, it has launched the S&P 500 Oracle subnetwork in collaboration with Foundry.