Crypto investor and billionaire Barry Silbert says there’s one digital asset play that he thinks would be the “subsequent massive 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 completely 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 following massive 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 believe that is the following massive funding theme for crypto, and there are a selection of initiatives which have launched. We’ve backed quite a lot of them, however the one which over the previous 12 months or 12 months and a half that has reached escape velocity is Bittensor, and so I made a decision final 12 months, we’re going to do with Bittensor – attempt to do with Bittensor what we did with Bitcoin.
We’re going to spend money on 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 12 months 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 sport and I’m now constructing this busines Yuma that’s focusing completely on this factor Bittensor.”
Bittensor’s ecosystem consists of “subnets,” that are like unbiased segments devoted to a sure AI activity or service. Silbert says Yuma has targeted on growing an “accelerator” to simply construct new subnets on Bitensor.
He additionally says considered one of his funding objectives is discovering the “Coinbase,” “Bitgo,” or “Chainalysis” of the Bittensor ecosystem.
Comply with us on X, Facebook and Telegram
Do not Miss a Beat – Subscribe to get e-mail alerts delivered on to your inbox
Examine Price Action
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Day by day Hodl aren’t funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal threat, and any losses you might incur are your duty. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please notice that The Day by day Hodl participates in internet affiliate marketing.
Generated Picture: Midjourney
