The Digital Currency Group (DCG) has revealed Yuma, a new subsidiary dedicated to accelerating startups building decentralized intelligence projects using Bittensor infrastructure.
According to the company’s press release, the move constitutes a strategic foray into the convergence of cryptography and artificial intelligence (AI), two sectors poised for exponential growth.
DCG Founder and CEO Barry Silbert will lead Yuma and aims to equip startups and enterprises with the capital, infrastructure and technical expertise to develop applications on Bittensor’s decentralized and open AI network .
Silbert said:
“Just as Bitcoin revolutionized transparent, borderless money, we are now entering the era of decentralized intelligence. Yuma provides startups and enterprises with the resources to deploy innovative ideas on Bittensor, creating a transformative AI platform accessible to everyone.
Create on Bittensor
Bittensor is a decentralized AI network that allows global contributors to build, train, and access machine learning (ML) models in an open marketplace. The goal of its Yuma Consensus (YC) mechanism is to fairly measure and reward its contributions using its native token TAO.
Projects within the network operate as “subnetworks,” each specializing in AI and ML services such as text generation, translation, and data storage.
Yuma actively participates in Bittensor as a validator, miner and subnet developer. The company is currently the third largest validator on the network and supports various subnets, including text-based AI tools and financial services.
As a result, the new DCG subsidiary acts as a subnetwork accelerator and incubator, streamlining projects and providing technical and strategic advice.
Grayscale, another parent company of DCG, spear a decentralized AI fund in July that tracks cryptos such as TAO, Filecoin (FIL), Livepeer, Near Protocol (NEAR), and Render (RENDER).
Less than a month later, the asset manager created a trust entirely focused on TAO, as the company believes that Bittensor is at the center of the advancement of decentralized AI.
