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Bittensor's TAO token has plunged 27% after Covenant AI, the developer behind one of the network's largest subnets, anno...

by eicker.crypto ๐Ÿง  crypto news

Bittensor's TAO token has plunged 27% after Covenant AI, the developer behind one of the network's largest subnets, announced it is leaving the ecosystem. The high-profile departure wiped nearly 900 million USD from Bittensor's market capitalisation. Covenant alleged co-founder Jacob Steeves ran the network as decentralisation theatre. https://cryptoslate.com/bittensors-tao-plunges-27-after-top-ai-builder-exit/ #Web3 #Blockchain #AI

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