Crypto investor and billionaire Barry Silbert says there’s one digital asset play that he thinks would be the “subsequent large funding theme” for the asset class.
In a brand new interview with Raoul Pal on the Actual Imaginative and prescient YouTube channel, Silbert says that he’s created a brand new enterprise referred to as Yuma, which solely focuses on Bittensor (TAO), a decentralized blockchain-based community constructed for a world, collaborative market for synthetic intelligence (AI).
Says the Digital Forex Group (DCG) CEO,
“I began trying throughout the entire decentralized AI area and began digging in on Bittensor, and I in a short time got here to the conclusion that from a theme or period perspective, this was the subsequent large period for crypto. You had the Bitcoin and the Ethereum and the NFTs (non-fungible tokens), and also you had the layer 2s and DeFi (decentralized finance)…
I feel that is the subsequent large funding theme for crypto, and there are a variety of tasks which have launched. We’ve backed a lot of them, however the one which over the previous yr or yr and a half that has reached escape velocity is Bittensor, and so I made a decision final yr, we’re going to do with Bittensor – attempt to do with Bittensor what we did with Bitcoin.
We’re going to put money into it, we’re going to construct on it, we’re going to assist educate, create consciousness, create entry. We launched a brand new enterprise within the fall of final yr name Yuma, that I’m placing my jersey again on, and I’m the CEO of Yuma – I’m nonetheless working DCG – however I’m again within the recreation and I’m now constructing this busines Yuma that’s focusing solely on this factor Bittensor.”
Bittensor’s ecosystem consists of “subnets,” that are like unbiased segments devoted to a sure AI job or service. Silbert says Yuma has targeted on creating an “accelerator” to simply construct new subnets on Bitensor.
He additionally says one in every of his funding objectives is discovering the “Coinbase,” “Bitgo,” or “Chainalysis” of the Bittensor ecosystem.
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