Decentralized AI could be ‘bigger than Bitcoin’ — DNA Fund CEO Chris Miglino

Some of blockchains earliest adopters are now deeply entrenching themselves in decentralized AI, with ecosystems like Bittsenor (TAO) emerging as growth engines. These platforms are reshaping traditional venture capital models, enabling the best ideas to organically attract community support, staking and liquidity without the need for institutional gatekeepers.That was one of the key takeaways from Cointelegraphs interview with Chris Miglino, the co-founder and CEO of DNA Fund, a digital asset investment firm he runs alongside fellow serial entrepreneurs Brock Peirce and Scott Walker.DNA Fund manages, among other things, five distinct funds across a range of strategies, such as a high-yield fund, an algorithmic trading fund, an AI compute fund, a liquid token fund and a venture fund serving both company and investor capital.DNA Fund CEO Chris Miglino, right, and Cointelegraphs Sam Bourgi at a DNA House event in Toronto, Canada. Source: CointelegraphMiglino, who hosted Cointelegraph at a DNA House event during the Consensus conference in Toronto, Canada, was particularly excited about the firms AI compute fund.The biggest thing that were working on in the whole ecosystem is our AI compute fund, where weve been entrenched into the TAO ecosystem, said Miglino, referring to Bittensor, a decentralized, open-source machine learning network.Bittensors backers say the network stands out for its subnets, which enable specialized, incentive-based marketplaces built around a specific AI or machine learning use case.DNA Fund is actively mining on different subnets, having committed roughly $50 million worth of compute to the TAO ecosystem, Miglino said.Were willing and ready to talk to anybody that wants to launch inside that ecosystem, he said.A snapshot of Bittensor subnets. Source: TaostatsRelated: The next frontier for crypto will be decentralizing AIDecentralized AI is consuming everything were doingDecentralized AI the framework for developing and deploying artificial intelligence systems across a distributed network rather than a centralized authority is currently the main focus at DNA House, Miglino said.Its consuming everything were doing, he said.For Miglino, this paradigm has the opportunity to be bigger than anything thats ever existed [...] I think it has the opportunity to be bigger than Bitcoin.While that may appear as a herculean task, given Bitcoins (BTC) $2.1 trillion market cap and status as the first successful decentralized monetary system of the information age, technologists broadly agree that AI will profoundly reshape human society.The AI takeover will become more apparent by the 2030s, when the technology is projected to become the worlds valuable tech sector. Source: United Nations Trade and DevelopmentDNA House is betting that ecosystems like Bittensor will drive that transformation in a decentralized way by offering developers the ability to launch businesses without having to raise outside capital:Develop on the ecosystem, get validators that believe in your idea, [and] thatll attract the miners and the validators together and all of a sudden youre in business. You dont need to go out and raise a ton of money from a bunch of VCs.The idea that AIs future will be decentralized is far from fringe. One of the earliest pioneers of artificial general intelligence, Ben Goertzel, told Cointelegraph that he realized the need for decentralization in AI as far back as the early 1990s, before even writing his first line of AI code.loading="lazy">Magazine: AI cures blindness, good propaganda bots, OpenAI doomsday bunker: AI Eye