DCG founder: has invested a total of US$105 million in more than a dozen deAI projects, and looks forward to increasing investment in 2025

PANews February 8th news, according to CoinDesk, DCG founder and CEO Barry Silbert is making a big bet on decentralized artificial intelligence (deAI), calling it "the next major era for cryptocurrencies" and its potential may even be More than Bitcoin. In a letter to shareholders from the cryptocurrency group Digital Currency Group (DCG), he led, Silbert expressed strong optimism about deAI: This is an effort by the crypto industry to integrate artificial intelligence innovation with blockchain technology. He believes that this technology convergence may bring greater rewards to humans than closed systems developed by OpenAI and other giants.

"We are moving from digital ownership of assets to smart decentralized ownership, and the availability of huge decentralized computing resources," Silbert wrote in the fourth quarter letter. It said the company has already reached more than a dozen deAI projects," he said. I have invested US$105 million and I am looking forward to increasing investment in 2025. He specifically mentioned DCG's investment in Bittensor, an crypto network focused on machine learning and AI applications, and he wrote that Bittensor's TAO tokens have many similarities with Bitcoin.

DCG plans to invest heavily in supporting the Bittensor ecosystem. Silbert pointed out that in November, DCG set up a company called Yuma to incubate Bittensor's infrastructure projects. In addition, another DCG company, Grayscale, now also offers investment products related to TAO.