“Our goal is to help further enhance the caliber of technical teams building subnets on Bittensor,” states dao5 Founder, Tekin Salimi.
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“There is a huge opportunity to bring DeFi and other innovations to the Bitcoin community through BTC restaking,” states Blockchain Capital General Partner, Aleks Larsen.
The funding will primarily be utilized to advance the development of its pre-alpha testnet, which has already generated substantial interest with 190,000 signups on its waitlist.