DNA Fund CEO Chris Miglino: Decentralized Artificial Intelligence (AI) may "surpass Bitcoin (BTC)"

CN
2 months ago

Some early participants in the blockchain field are now deeply "rooted" in the decentralized AI sector, with ecosystems represented by Bittensor (TAO) becoming the core engine of industry growth. These platforms are reshaping traditional venture capital models, allowing high-quality ideas to naturally attract community support, staking, and liquidity without the need for institutional gatekeepers.

This insight was gained during a Cointelegraph interview with Chris Miglino, co-founder and CEO of DNA Fund. DNA Fund is managed by him along with seasoned entrepreneurs Brock Peirce and Scott Walker.

DNA Fund currently manages five strategically diverse funds, including high-yield funds, algorithmic trading funds, AI computing funds, liquidity token funds, and venture capital funds—serving both corporate and investor capital.

DNA Fund CEO Chris Miglino (right) with Cointelegraph's Sam Bourgi at the DNA House event in Toronto, Canada. Source: Cointelegraph

During the Consensus conference in Toronto, Miglino hosted the DNA House event and expressed particular enthusiasm for the company's AI computing fund.

"Our most significant project across the ecosystem is the AI computing fund, and we have deeply integrated into the TAO ecosystem," Miglino said, referring to Bittensor, a decentralized, open-source machine learning network.

Supporters of Bittensor believe that the network stands out due to its subnet architecture, which allows for the creation of specialized, incentive-based markets around specific AI or machine learning application scenarios.

According to Miglino, DNA Fund is "actively mining across multiple subnets" and has invested approximately $50 million in computing resources into the TAO ecosystem.

"We are always ready to engage in conversations with any institution or individual looking to launch projects within this ecosystem," he stated.

Snapshot of Bittensor subnets. Source: Taostats

Miglino indicated that decentralized AI—a framework for developing and deploying artificial intelligence systems on distributed networks rather than centralized authorities—is currently the main research focus of DNA House.

He emphasized, "It is consuming everything we do."

Miglino believes this paradigm has the potential to "surpass anything that has ever existed; I think it even has the chance to exceed the impact of Bitcoin."

While this may seem like a daunting task, given Bitcoin's $2.1 trillion market cap and its status as the first successful decentralized currency system of the information age, tech experts generally agree that AI will profoundly reshape human social structures.

By the 2030s, the trend of AI takeover will become more apparent, with the technology expected to become the most valuable tech sector globally. Source: United Nations Conference on Trade and Development

DNA House is betting on ecosystems like Bittensor, believing they will drive this transition in a decentralized manner, allowing developers to launch businesses without raising external funds: "Develop on the ecosystem, gain validators who recognize your idea, and this will attract miners and validators to collaborate, and soon you will be able to establish a business. You don’t need to raise large amounts of money from numerous VCs."

The view that the future of AI will be decentralized is not a fringe idea. One of the early pioneers of artificial general intelligence, Ben Goertzel, revealed to Cointelegraph that as early as the early 1990s, even before he wrote his first line of AI code, he recognized the necessity of AI decentralization.

Related: Humanoid AI-driven robots compete in combat matches

Original article: “DNA Fund CEO Chris Miglino: Decentralized AI may ‘surpass Bitcoin (BTC)’”

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