In December of last year, we released a comprehensive report on Bittensor, detailing both the internal mechanics and broader workings of the protocol. Since then, Bittensor has gone from a niche project at the intersection of crypto and AI to gaining broad recognition within the open-source AI community.
This report analyzes the potential impact of a new protocol upgrade proposal and some of the notable developments happening within the subnet ecosystem. The Dynamic TAO proposal seeks to automate Bittensor's emission distribution system, shifting from manual validation to a market-based approach for better efficiency. Additionally, the Nous subnet, collaborating with Cortex.t, has introduced a platform incentivizing model refinement to create an open-source model rivaling GPT-4's performance. |
Read the full Messari Pro report by Sami Kassab here. |
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NEW Diligence Reports. What's new this week with Messari Diligence Reports? Our Diligence team is pleased to share that Diligence Reports on XLM (Stellar), WLD (Worldcoin), ETH (Ethereum), BEAM (Merit Circle DAO), COMP (Compound), ALT (AltLayer), ENS (Ethereum Name Service), PANDORA (Pandora), ORCA (Orca), BLAST (Blast), HBAR (Hedera), NOS (Nosana), ETHFI (EtherFi), and FDUSD (First Digital USD) have been released this week. Our Diligence Reports empower users to gain a comprehensive understanding of any asset or protocol through structured in-depth reports that address key aspects such as core project details, legal & regulatory risks, economics, and technology. Enterprise users can purchase either as a bundle with flexible pricing, or choose to purchase individual report access. Current Enterprise subscribers can enjoy five complimentary reports. Explore Diligence today! [Messari Governance] [Synapse DAO] Grant to Synapse Labs. This proposal aims to allocate grant funds to cover both accrued and upcoming expenses related to audits and additional services, alongside investment in research and development to enhance the interchain network. Specifically, the funds will facilitate hiring new full-time employees and contractors across various domains, including marketing, business development, and technical fields, with an estimated annual cost of ~$1.2 million. Furthermore, Synapse Labs requests an unconditional budget for security measures, including audits and infrastructure, to ensure ongoing transparency with the DAO.
[Messari Key Developments] [Circle] CCTP on Solana. CCTP is now live on Solana. Developers can integrate CCTP on Solana to enable users to move native USDC between Solana and other supported blockchains.
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Knowledge Seekers Rejoice, It's Quarterly Season! What are Messari Quarterly Reports?
With the arrival of the new year, the Messari team is excited to kickoff the release of our Q4 2023 quarterly reports. Our quarterly reports highlight top crypto protocols and present key metrics & indicators as well as important events to provide a full picture of the project's latest developments. Learn more about projects you are invested in or interested in and receive a clear look at project fundamentals and financial reporting.
Dive into our current and past quarterly reports available in our Protocol Reporting research page. Keep an eye out for reports with "🗓️" in Unqualified Opinions so you don't miss them! |
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Disclosure: Authors may own cryptoassets named in this newsletter. For more information, please visit messari.io.
Unqualified Opinions, a Messari newsletter, is meant for informational purposes only. It is not meant to serve as investment advice. Please consult with your investment, tax, or legal advisor before making any investment decisions. Advertising and sponsorship do not influence editorial decisions or content. Third party advertisements and links to other sites where products or services are advertised are not endorsements or recommendations by Messari. Messari is not responsible for the content of the ads, promises made, or the quality or reliability of the products or services offered in any third party advertisement. |
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