A 500% surge in one day, and understand the Bittensor ecological project Tensorplex Labs invested by Yzi Labs

Author: BUBBLE, rhythm

This morning, Yzi Labs announced its investment in Tensorplex Labs, and its Bittensor subnet project Dojo rose by 500%. In the same month last year, the decentralized AI startup Tensorplex Labs completed a seed round of $3 million. A year later, Tensorplex Labs has contributed to the Bittensor ecosystem, including Dex, data boards, AI, etc. This article will briefly analyze what the Singapore company Tensorplex Labs, which has been established for only two years, has done to become a core participant in the Bittensor ecosystem.

Bittensor's DeFi Core

Pledge loan

Before the release of dTao, the bittensor ecosystem was actually very scarce. Tensorplex contributed the core DeFi products in the TAO ecosystem. One of them was Tensorplex Stake, as a cross-chain pledge product, launched stTAO, an LSD ERC20 "Liquid Staking Derivative" token, allowing EVM investors to not need to download Substrate-compatible wallets. At the same time, they can enjoy pledge rewards in the TAO ecosystem and manually entrust. At the same time, the staking assets can be bridged to networks such as Bittensor to participate in the operation of verification nodes. For this reason, Tensorplex has also established a bridge between Substrate and EVM to minimize trust. In addition, loan agreements such as TaoBank have been incubated, allowing users to obtain interest-free loans with pledged TAOs as collateral. The peak TVL of the pledged stake reached more than $30 million, which also made Tensorplex one of the largest verification nodes on Tao.

Exchange + Data Kanban Integration Backprop

Just last month, while dTAO was officially launched, @BackpropFinance was officially launched. At this point in time, as one of the three Dexes that can trade dTAO, "hotkeyswap and taostats", in addition to providing users with various Alpha subnets, it also provides a very comprehensive data board, integrating various types of products such as trading boards, address analysis, on-chain information query, and market analysis into the same product. The familiar UI and the perfect data board have greatly reduced the participation threshold for new users to join the TAO ecosystem, which has also made Backprop the most popular Dex product for Bittensor.

The development of the AI ​​ecosystem

LLM

Tensorplex has made many attempts in the big model, creating similar models beyond all open source in the decentralized LLM pre-training competition for @MacrocosmosAI "Subnet 19". Running validators on more than 60 Bittensor subnets and AI chains such as @flock_io and @AlloraNetwork, the latest top model Sumo has been released on Bittensor Subnet 9 since 2023. After raising the parameter cap to 7 billion in April 2024, Sumo-T9-7B has even outperformed well-known models such as Falcon 7B and Llama 2 7B.

Tensorplex Stream

Tensorplex has also made attempts in the Agent. Tensorplex and @Corcel_X "Subnet 18" have built the first Web3 RAG chatbot "Tensorplex Stream". The robot obtains information from the podcast records of cryptocurrencies to train the AI ​​Agent, and issues an Agent that summarizes the latest cryptocurrency information. Now, in addition to Chatbot, it has also developed Podcasts so that AI can "speak" the information it has collected. Taking advantage of RAG's advantages to collecting the latest information in the rapidly developing cryptocurrency market has also been widely used later.

Dojo Subnet

Dojo Subnet, which has become the most shining subnet in dTAO in the past 24 hours, soared by 500% after YziLabs announced its investment in Tensorplex Labs. Dojo is a data collection platform, but not only a data collection platform, but has joined the comprehensive ecosystem of human beings as an observation third party. Human intelligence can directly affect AI development, training and proxy operations on-chain and in the real world.

The main workflow is that anyone can use LLM to generate unique synthesis tasks "may be game physical feedback, the quality of the generated image, and physical algorithms, etc." Collect "human" feedback data through Dojo to join response obfuscation technology.

Then the tasks are distributed by the miner. The work of the human verifier is to confirm some of the basic facts generated by the LLM. By determining the quality of the response provided by each contributor, and assigning rewards based on multi-dimensional indicators: manual consistency "weighted Cohen" quantifies stability "intra-class correlation coefficient ICC" fact fidelity "Spielman correlation", these data will be used to improve the open source model and optimize.

Dojo will use technical means to prevent sybil attacks and ensure that contributors are real humans. "After the system matures, a role of preventing attackers will be added in the middle and a contribution chain will be formed." To date, Dojo has collected more than 3 million human-generated data points.

Tensorplex Labs' investment in Yzi Labs is just a microcosm of the gradual acceptance of the Bittensor ecosystem by the market. The "halal" Bittensor usually has no big attention in the market. In fact, as a veteran AI ecosystem, all project parties in the ecosystem have a considerable degree of ability and patience, giving people a serious and build atmosphere. Although there are still problems such as shelling or dTAO system in the subnet, we still hope that Bittensor can output more excellent products, and rhythmic BlockBeats will continue to pay attention.