GM

The Bittensor protocol creates a marketplace that turns machine learning intelligence into a tradable asset by decentralizing the process and establishing a peer-to-peer market for these assets. Although there is volatility, the trends don't indicate a significant decline in AI enthusiasm for the project. The market cap of TAO, Bittensor's token, fell from approximately 💲3.5B in May to around 💲1.5B in July. Despite a recent downturn in the broader crypto market, TAO's market cap rebounded to about 💲2.5B by late July. This fluctuating pattern suggests that while market pullbacks are common, investor interest in AI-related tokens remains strong.