ATAO

The 21shares Bittensor ETP (ATAO) offers investors a liquid way to integrate exposure to Bittensor into their portfolios through their bank or broker, tapping into the intersection of blockchain technology and the high-growth AI sector.
Infrastructure layer for decentralised AI
Bittensor addresses the centralization of AI capabilities and ownership within large corporations. It offers an alternative where AI is developed, owned, and monetized in a decentralized, transparent manner. It accomplishes this by organizing subnetworks (or "subnets"), each operating as a mini-ecosystem focused on a specific AI or computer-related task and rewarding performance through TAO emissions.
Unified token economy with modular incentive markets
Bittensor's architecture creates a unified, vertically-integrated intelligence network. It provides a single, composable marketplace for a diverse range of digital commodities, from AI inference to data storage, all coordinated and powered by the TAO token.
The market-driven AI app store
Bittensor underwent a pivotal upgrade known as the Dynamic TAO (dTAO) mechanism, which transitioned its governance from a centralized model to a market-driven ecosystem. TAO holders can directly express value judgments by “voting with their TAO” for the most promising AI projects. As the ecosystem expands, demand for TAO increases due to its central role.
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