Bittensor’s TAO Leads Crypto Losers After Key Subnet Operator Departs
BeInCrypto
Bittensor’s TAO token price fell over 9% after major contributor Covenant AI departed, citing concerns regarding centralized control within the network.Summary
Bittensor (TAO) became the worst-performing cryptocurrency among the top 100 after major subnet operator Covenant AI announced its departure. Founder Sam Dare criticized Bittensor for what he described as "decentralization theatre," alleging that co-founder Jacob Steeves exerted undue centralized control, including the suspension of subnet emissions and removal of moderation access. While Covenant AI is leaving the Bittensor ecosystem, the team plans to continue its work on decentralized, permissionless AI training under a new direction.
(Source：BeInCrypto)