Bittensor (TAO) Crashes 20% Following Covenant AI’s Exit, ‘Decentralization Theater’ Claims

4 hours ago

Subnet developer Covenant AI announced its exit fr

Bittensor (TAO) Crashes 20% Following Covenant AI’s Exit, ‘Decentralization Theater’ Claims

Bittensor (TAO) Crashes 20% Following Covenant AI’s Exit, ‘Decentralization Theater’ Claims

Subnet developer Covenant AI announced its exit from Bittensor due to decentralization concerns and alleged punitive actions by the AI-focused network ecosystem co-founder, Jacob Steeves.

Covenant AI’s Departure statement. Source: Covenant AI on X
Screenshot of a conversation discussing Dare’s response to criticism. Source: Alex DRocks on X
TAO’s performance in the one-week chart. Source: TAOUSDT on TradingView

Featured Image from Unsplash.com, Chart from TradingView.com

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