VCs are pouring hundreds of millions of dollars into Bittensor, a little-known AI crypto project

Bittensor, a decentralized AI marketplace, has emerged as a magnet for prominent venture capital firm.

Polychain, Digital Currency Group, and dao5 have bought up hundreds of millions of dollars worth of the project’s token, TAO, which powers an array of AI-related services offered by the network such as model training and data storage.