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Bittensor token TAO could hit $1,338.94 by 2030, analysts forecast

The decentralized, open-source protocol uses TAO rewards to incentivize development and collaboration of machine learning models.

Reported · Written up by our desk · Altcoins

Benzinga reports that analysts are forecasting Bittensor, the decentralized open-source protocol behind the TAO token, could reach $1,338.94 by 2030.

The article describes Bittensor’s goal as building a peer-to-peer marketplace for machine learning, with the network incentivizing the development and collaboration of AI and machine learning models.

TAO is characterized as the protocol’s native cryptocurrency, used to reward participants who contribute valuable machine learning models and computations, which the piece says is intended to support a global developer network.

Benzinga also flags one key risk cited by the article, that Bittensor’s technological complexity could create a steep learning curve that limits broader adoption.

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