{"id":100205,"date":"2024-11-20T18:46:18","date_gmt":"2024-11-20T22:46:18","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=100205"},"modified":"2024-11-20T18:47:03","modified_gmt":"2024-11-20T22:47:03","slug":"digital-currency-group-announces-new-subsidiary","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/digital-currency-group-announces-new-subsidiary\/","title":{"rendered":"Digital Currency Group Announces Subsidiary to Boost Bittensor Development"},"content":{"rendered":"\n

Bittensor development is currently in the spotlight after Digital Currency Group (DCG)<\/a> names Yuma Group as its new subsidiary.<\/p>\n\n\n\n

\"Digital<\/figure>\n\n\n\n

Crypto venture capital firm Digital Currency Group (DCG) has announced its efforts to support the development of Bittensor (TAO), a decentralized Artificial Intelligence (AI) protocol, through its newly launched subsidiary, Yuma Group. <\/p>\n\n\n\n

Yuma will join DCG\u2019s portfolio of companies, which includes prominent entities like Grayscale Investments.<\/p>\n\n\n\n

Yuma\u2019s Role in Advancing Bittensor<\/h2>\n\n\n\n

Yuma Group is set to drive innovation on the Bittensor protocol\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, enabling developers to create, train, and access AI tools. DCG founder and CEO Barry Silbert will lead Yuma\u2019s mission to enhance AI-crypto integration.<\/p>\n\n\n\n

Although DCG began investing in Bittensor in 2021, the relationship has significantly evolved. Yuma\u2019s name reflects the \u201cYuma Consensus\u201d protocol within Bittensor, which uses smart contracts to incentivize participation with TAO, a token renowned for its resilience to geopolitical challenges.<\/p>\n\n\n\n

Bittensor allows innovators to develop Subnets, marketplaces for AI\/ML services such as data storage. <\/p>\n\n\n\n

The protocol operates as an ecosystem hosting both miners, who provide computational power, and validators, who assess contributions and distribute rewards.<\/p>\n\n\n\n

Yuma has already launched an early Subnet Incubator Program to assist firms in building AI-focused solutions. <\/p>\n\n\n\n

It has partnered with projects such as Sturdy, Masa, and Infinite Games and collaborated with Foundry to expand the program further.<\/p>\n\n\n\n

Barry Silbert<\/use><\/svg><\/span><\/a> likened the advancements around Bittensor to \u201cthe early days of crypto,\u201d emphasizing its transformative potential.<\/p>\n\n\n\n

Digital Currency Group\u2019s Impact on Crypto<\/h2>\n\n\n\n

DCG is one of the most prominent investors in the crypto industry. Despite challenges during the crypto winter\u2014particularly with its subsidiary Genesis\u2014the firm has remained resilient.<\/p>\n\n\n\n

Its subsidiary, Grayscale Investments, has significantly popularized spot Bitcoin ETFs<\/a> and Ethereum ETF products. <\/p>\n\n\n\n

While these ETFs have faced periodic outflows, they remain popular with institutional investors. For instance, the Michigan Pension Fund recently disclosed its exposure to Grayscale\u2019s Ethereum ETF.<\/p>\n\n\n\n

DCG has weathered numerous challenges in recent years, and Barry Silbert reaffirmed his commitment to helping Bittensor \u201ctransform the world with open access to intelligence.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Bittensor development is currently in the spotlight after Digital Currency Group (DCG) names Yuma Group as its new subsidiary. Crypto venture capital firm Digital Currency Group (DCG) has announced its efforts to support the development of Bittensor (TAO), a decentralized Artificial Intelligence (AI) protocol, through its newly launched subsidiary, Yuma Group. Yuma will join DCG\u2019s […]<\/p>\n","protected":false},"author":56,"featured_media":100208,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[20642,4455],"class_list":["post-100205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bittensor-tao","tag-digital-currency-group"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/Digital-Currency-Group-Annouces-Subsidiary-to-Boost-Bittensor-Development.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/100205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=100205"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/100205\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/100208"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=100205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=100205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=100205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}