Bittensor (TAO) perpetual market

Bittensor is a decentralized network that aims to create an open marketplace for machine intelligence, with TAO as its native token. Launched in 2021, it coordinates a system of subnets in which participants contribute and evaluate machine-learning models and other digital commodities, and are rewarded in TAO according to the value they provide, as judged by the network's incentive mechanism. The design borrows Bitcoin's economics, with a capped supply of 21 million tokens and halving emissions, but redirects mining-style rewards toward producing useful AI work rather than raw computation. TAO is staked to validators who help score contributions and is used to register and participate in subnets. Bittensor sits at the intersection of two major narratives, crypto and artificial intelligence, and became one of the most closely watched decentralized-AI projects, though its novel and evolving mechanics make it more experimental than established financial protocols.