#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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CEO DNA Fund: Decentralized AI has the potential to grow 'greater than Bitcoin'
Some of the earliest adopters of blockchain are now deeply researching the decentralized AI field, with ecosystems like Bittensor becoming a growth driver.
These platforms are helping to reshape traditional venture capital models, allowing the best ideas to attract support from the community, staking, and liquidity naturally without the need for oversight from institutions.
This is one of the main takeaways from the interview with Chris Miglino, the co-founder and CEO of DNA Fund, a digital asset investment company that he runs alongside other entrepreneurs including Brock Peirce and Scott Walker.
DNA Fund manages five distinct funds with various strategies, such as high-yield funds, algorithmic trading funds, AI computing funds, liquidity token funds, and venture capital funds.
"The biggest thing we are doing across the entire ecosystem is the AI computing fund, which has been tied to the TAO ecosystem," Miglino said, referring to Bittensor, the decentralized, open-source machine learning network.
Supporters of Bittensor say that this network stands out with subnets, allowing the integration of specialized markets built around a specific use case of AI or machine learning.
According to Miglino, DNA Fund is "actively mining on various subnets" and has committed to investing around 50 million USD into the TAO ecosystem.
"We are ready to cooperate with anyone who wants to launch in the current ecosystem," he said.
Decentralized AI, a framework for developing and deploying artificial intelligence systems on a distributed network rather than a centralized authority, is currently a primary focus at DNA House.
For Miglino, this model has: "greater opportunities than anything that has ever existed... it even has the potential for greater development than Bitcoin."
Although it seems like a daunting task, considering Bitcoin's market capitalization of $2.1 trillion and its position as the first successful decentralized monetary system of the new era, technologists agree that artificial intelligence (AI) will be the tool to reshape human society.
"Developing on the ecosystem, gaining validators' trust in your idea will attract miners and validators, forming a business model. Developers do not need to go out and raise funds from a group of VCs."
The idea of decentralized AI is not a distant concept. One of the early pioneers in the field of general artificial intelligence, Ben Goertzel, revealed that he recognized the need for decentralized AI as early as the 1990s, even before writing his first line of AI code.
Vincent