We needed to run trusted workloads on untrusted host machines.
So over a year ago, we started building the Targon Virtual Machine to enable Confidential TEEs in production.
Today we're sharing our white paper written alongside @intel: Decentralized Compute on Untrusted Hardware Using Intel® TDX and Encrypted CVMs
Bittensor just trained a 72-billion parameter language model across a fully decentralized network. No single company. No central data center. Just a global mesh of permissionless compute nodes collaborating on 1.1 trillion tokens.
The model is called Covenant-72B, completed on Bittensor's subnet 3. It is the largest decentralized LLM pre-training run ever done.
The market noticed.
$TAO is up 40% in 30 days. Trading volume is up 167% over the past 6 months. Engagements on LunarCrush surged 114% month-over-month. Its combined LunarCrush Galaxy Score sits at 70.4, well above the 55 daily average. Sentiment is at 86%.
@Grayscale expanded its TAO trust for institutional access the same week.
Every AI crypto project sells the dream of decentralized compute. Bittensor just shipped a model that competes with outputs from centralized labs. That crosses the line from whitepaper to infrastructure.
The token is still 57% below its November high of $497. Which means either the market hasn't caught up to the technical milestone, or it's pricing in execution risk on scaling beyond a single model. Both readings are worth watching.
At $214 with a 70+ Galaxy Score and rising institutional access, TAO is the highest-conviction AI-crypto convergence trade on the board right now. The question is whether Covenant-72B is the proof of concept or the ceiling.
We just completed the largest decentralised LLM pre-training run in history: Covenant-72B. Permissionless, on Bittensor subnet 3.
72B parameters. ~1.1T tokens. Commodity internet. No centralized cluster. No whitelist. Anyone with GPUs could join or leave freely.
1/n
Lately whenever the market perks up just a little bit, Bittensor $TAO has been leading the way…
Mark my words -> when the market truly reverses and a real bull trend emerges, $TAO is going to FLY 🦅
People have finally started to take notice of what is being built in this ecosystem.
Why the Form 10 SEC filing for #Bittensor by @grayscale matters
"Before Form 10, most investors couldn't touch $TAO
After Form 10 goes into effect:
✅ Pension funds can buy
✅ Endowments can allocate
✅ RIAs can recommend
✅ 401(k)s can include
✅ Hedge funds and family offices can deploy
In short, trillions in potential capital just become accessible"
https://t.co/2Fxk422XmP
Basically.. 🌊🌊🌊
$TAO