CandleFocus World’s Largest Digital Asset Company Announces It Will Offer a Fund for This Altcoin to Wealthy Clients
2024-12-19
Author: Content Editor
Grayscale Investments has introduced the Grayscale Bittensor Trust, a fund that enables qualified investors to invest in Bittensor (TAO) through securities. The trust offers a convenient avenue for investors to engage with Bittensor's decentralized machine learning protocol, eliminating the need for direct purchase, storage, and safeguarding of TAO. Bittensor is an open-source protocol that powers a blockchain-based machine learning network, where users collaborate and are rewarded with TAO tokens for contributing knowledge. Additionally, TAO serves as a utility token that provides external access to the network. However, the price of TAO has decreased by 16% in the last week and is currently trading 37% below its all-time high.
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