Bittensor's TAO Token Soars on Grayscale Rumors and Ecosystem Growth

Bittensor's TAO Token Soars on Grayscale Rumors and Ecosystem Growth

May 23 Tech Standard

Bittensor, a decentralized AI project, is experiencing a surge in its native TAO token. The token price jumped 15% over the past day, potentially fueled by unconfirmed rumors of a new Grayscale trust tracking TAO. This positive news comes alongside other exciting developments within the Bittensor ecosystem.

Taobot, a key component of Bittensor, had a successful week. It was chosen as one of the first projects to participate in Akash Network's LlaMa 3 API beta. This is significant because Akash Network recently gained traction by announcing its integration with Meta AI's open-source model, Llama 3. Additionally, Taobot is collaborating with Blockchain Insights on the Bittensor Subnet 15 project. This collaboration empowers users to analyze blockchain data through natural language.

With a 15% price increase, TAO is currently trading at $483.10. CoinGecko data reveals a 24% rise compared to last week, making TAO the top performer within the top 100 assets on the platform, surpassing even PepeCoin.

HarshitKulhan

Crafting cinematic stories through the lens of my phone, I am a blogger and content writer who expresses the essence of my blogs through words

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