- DCG plans to increase investment in decentralized AI (deAI) in 2025.
- Bittensor’s TAO token shows strong potential in the decentralized AI space.
- DCG’s 2024 rebuilding focused on improving infrastructure and governance.
Barry Silbert, the founder and CEO of Digital Currency Group (DCG), believes that decentralized artificial intelligence (deAI) could be the next major era within the crypto market. In a shareholder letter, Silbert highlighted DCG’s ongoing investments in deAI, noting that its potential may surpass Bitcoin’s value in the coming years.
Silbert expressed confidence in the future of decentralized AI, or deAI, saying that the fusion of blockchain technology with AI is a huge opportunity for the crypto industry. DCG, known for its influential role in the digital asset space, has invested $105 million in more than a dozen deAI projects.
Related: How AI-Powered Microtasking on Blockchain Could Reshape Global Labor
Silbert stated that DCG plans to increase its investment in the growing sector throughout 2025. He explained that DCG views the transition from digital ownership of assets to decentralized ownership of intelligence as a major shift for the industry.
Bittensor and the TAO Token: A Key Investment
One of DCG’s key investments in deAI is in Bittensor, a crypto network focused on machine learning and AI applications. Silbert noted that Bittensor’s TAO token is similar to Bitcoin, showing the project’s impact.
Although TAO’s market capitalization is $2.73 billion, smaller than Bitcoin’s nearly $2 trillion valuation, its growth pattern is a trend DCG is closely monitoring.
Related: Bittensor Integrates EVM, Bringing DeFi to its Decentralized AI Platform
The company has shown its commitment to Bittensor by incubating related infrastructure projects through a subsidiary named Yuma, launched in November 2024. Additionally, Grayscale, another DCG-owned entity, now provides investment products offering exposure to TAO, further solidifying the firm’s stake in Bittensor’s development.
DCG’s Recovery and Future Outlook
DCG’s investments in deAI come as the company continues to recover from the turmoil caused by the collapse of FTX, which affected its lending business, Genesis.
Despite these challenges, Silbert reported that 2024 was a year of rebuilding for DCG, marking successful progress across all its divisions. He highlighted the enhanced infrastructure, improved governance, and stronger organizational processes developed over the past few years.
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