Alpha Gold》Zhao Changpeng YZi Labs invests in TAO ecosystem 'Tensorplex' Bittensor subnet token soars 2 times, worth lying in ambush?

The founder of coin CZ family office YZi Labs announced an investment in Bittensor's ecosystem Tensorplex Labs, inspiring its subnetToken to skyrocket by 241.77% in a single day, with FDV exceeding 300 million USD. Bittensor pushed for an upgrade of the dTAO economy in mid-last month, what other opportunities does its subnet ecosystem hold? For more project analysis, please read the 'Dynamic Alpha Mining Series' in 'crucible Labs'. (Context: Detailed explanation of Bittensor's new economic model 'Dynamic TAO') (Background: 10 predictions for the 2025 encryption AI race: Bittensor revival, practicality prevails, synthetic data surpasses human data..) Yesterday (6th), the founder of coin CZ announced that his family office YZi Labs invested in Bittensor's ecosystem team Tensorplex Labs. The team is dedicated to driving AI development through Decentralization technology and building related applications, infrastructure, and tools. Currently, they have launched two projects in the Bittensor ecosystem: Tensorplex Dojo (subnet 52) and Backprop Finance (a platform providing subnet information and serving as an entrance to purchase subnetToken). This has further heated up the trading activities of Bittensor subnets. According to Backprop Finance data, the total Market Cap of Bittensor subnets has exceeded 110 million USD, with a trading volume of nearly 60.29 million USD in the past 24 hours. The highest gainer is the Tensorplex Dojo (subnet 52) invested by CZ, soaring by 241.77% in a single day, with a Market Cap of 3.79 million USD and FDV of 33.5 million USD. Interest in the Bittensor subnet ecosystem continues to rise, and this article will further introduce the development of the ecosystem and the impact of the dTAO upgrade launched on February 13th this year. Bittensor Overview, TAO to undergo Halving by year-end Bittensor is a Decentralization artificial intelligence (AI) network designed to bring together global developers and resources to create intelligence that can rival large centralized AI labs. Unlike traditional AI giants (such as OpenAI, Google, etc.) where funding and research directions are decided by a few top executives, Bittensor determines resource allocation through issuance of Token $TAO. The vision of Bittensor is to create an open AI ecosystem that gathers research (similar to the role of DeepMind) and product applications (similar to Google Cloud) together, allowing global developers to collaborate and innovate without relying on a single company. It is worth mentioning that Bittensor's native Token TAO will undergo its first Halving in November 2025. Some analysis suggests that this Halving may replicate the past BTC Halving market trend, with AI being the core variable this time. Technical Architecture Bittensor consists of a base blockchain (referred to as Subtensor) and multiple subnets, with each subnet representing a specialized AI market (AI Market). The roles and functions of the entire ecosystem are as follows: Subnet owners and developers: Create/operate subnets, design incentive mechanisms for subnets (e.g., rewarding higher-quality model reasoning, faster training, etc.), and build applications based on AI models. AI model contributors (Miners): Compete to provide the best AI models or data services. Validators: Evaluate model performance and rank Miners, ensuring that $TAO rewards are allocated based on contribution quality. TAO holders and investors: Invest in $TAO, stake/delegate Tokens to earn rewards, and participate in subnetToken investments. OpenTensor Foundation: Develop and govern Bittensor, oversee Subnet 0 Root, coordinate updates and protocol improvements. SubnetToken traders and speculators: Trade/speculate subnetTokens based on AI demand/application to influence market dynamics. Application developers and end-users: Integrate AI capabilities into applications using AI services supported by Bittensor. Source: crucible Labs Bittensor operates through the Yuma Consensus mechanism, unlike traditional blockchains that only verify simple 'yes/no (binary questions)' results, Bittensor can achieve Consensus on whether model outputs are 'good/bad (non-binary questions),' thereby enabling blockchain-driven AI collaboration. Overall, Bittensor's architecture allows multiple dedicated AI markets to coexist in the same economic system, creating exclusive model networks for different AI tasks while sharing a unified Token economy. Economic Model and dTAO Upgrade Bittensor incentivizes ecosystem participants through increased issuance of TAO. In the past, TAO's allocation was decided by 64 'Root validators.' However, as the number of subnets surged, the allocation mechanism gradually became limited by validators' human decisions (difficult to assess in a timely manner, conflicts of interest, etc.), resulting in uneven resource allocation and making it difficult for emerging subnets to gain support, affecting the fairness and efficiency of the overall network. To address the above economic issues, the Bittensor community officially launched the Dynamic TAO (dTAO) economic model upgrade on February 13, 2025, transitioning resource allocation from validators' decisions to market-driven. Each subnet has its Token (commonly known as Alpha Token) and dynamically exchanges with TAO in the AMM pool, with its price determined by market supply and demand. If investors or participants are bullish on a particular subnet, they can stake their TAO in the subnet's pool to receive the corresponding amount of Alpha based on the current value; if they wish to exit later, they can exchange Alpha back to TAO at the current market price. Ultimately, the TAO resources obtained by each subnet are no longer determined by human weight but by the Consensus of the market value of that subnet. Overall, the dTAO upgrade marks a significant step for Bittensor in Token economy and governance, introducing subnetToken and dynamic issuance adjustments (Alpha price rise, minting rate slowing down), making Bittensor's economy more self-regulating and providing new participation opportunities for investors (investing in subnetToken). Notable Bittensor subnet to follow (SN) Currently, according to Taostats data, Bittensor has 72 subnets covering model training, data collection, AI agents, and other fields. Refer to the Bittensor subnet ecosystem map created by Sami Kassab, a partner at Crucible Labs, at the end of January to understand the overall picture. Here are some subnets worth following: SN5- Open Kaito (@KaitoAI): Initiated by the InfoFi project Kaito with a current Market Cap of nearly 400 million USD, it sparked discussions during the project's TGE. ...