Bittensor

Bittensor is an open-source Layer 1 blockchain designed to create a decentralized marketplace for machine learning and artificial intelligence. It aims to solve the problem of AI development being concentrated in a small number of large, centralized organizations by allowing anyone, anywhere, to contribute machine learning models and be compensated for the value those models provide. The network is intended for both producers of AI capabilities — developers and researchers who run models — and consumers who want to query or build on those capabilities.

Participants on the Bittensor network run machine learning models that train collaboratively; the network evaluates the informational value each model contributes and distributes TAO tokens as rewards accordingly. TAO is the native token of the Bittensor chain and serves as both the reward currency for model contributors and the means by which users pay for access to the network's intelligence. The data records a block time of 0.0 minutes, which may reflect how block timing is reported for this chain rather than a literal absence of blocks, and no consensus algorithm is specified in the available data.

The data provided does not record a fee revenue stream for Bittensor, so fee-based measures such as price-to-fees or revenue yield are not available on this page. TAO issuance functions as the primary economic incentive, rewarding model contributors directly from new token supply rather than from collected fees. At the current point in time, circulating supply stands at 11,339,645.93 TAO against a maximum supply of 21,000,000, meaning 53.998% of the maximum supply has been issued and approximately 85.19% of the supply that will eventually exist is still pending issuance — a figure that represents the dilution overhang relative to the current circulating base.