SocialTensor and NicheTensor have merged to create a new entity called SocialTensor, with the aim of promoting the widespread adoption of decentralized artificial intelligence (AI) that caters to individual needs. This integration will strengthen the Bittensor ecosystem as an AI hub.
SocialTensor is a web3 platform that focuses on developing realistic decentralized AI infrastructure. They recently announced the first subnet merger on the Bittensor blockchain with NicheTensor, an image and text generation platform. The result of this merger will be the formation of the new entity, SocialTensor, which will focus on developing cutting-edge applications.
This strategic move will not only enhance the mass adoption of Bittensor and web3 protocols but also establish NicheTensor as a capable image generator that supports seven different models catering to specific individual needs. SocialTensor has attracted top developers from Microsoft Corp. and leading Wall Street banks, making this collaboration a historic milestone in the development and adoption of decentralized AI.
SocialTensor has already launched products like NicheImage, and they have several more in the pipeline, which will be revealed in the near future.
The growth of Nvidia Corp. in recent years, becoming a $2.8 trillion company, has highlighted the increasing demand for AI products globally. It is expected that artificial intelligence will heavily influence the global technology sector in the coming years.
The merger between NicheTensor and SocialTensor will have a direct impact on the Bittensor platform. Bittensor (TAO) is a major open-source protocol that powers a decentralized blockchain-based machine learning network. It has become a top-tier market for artificial intelligence, with a fully diluted valuation of about $8 billion and a daily average traded volume of around $28 million.
This strategic union will further solidify Bittensor’s dominance in the AI market. SocialTensor will soon introduce a flagship product called Makeitaquote, which is an X bot that simplifies turning posts into image quotes. The company estimates that this bot will generate over 12 million organic impressions per week, harnessing the power of Bittensor.
By utilizing their Bittensor subnet, SocialTensor will provide tailored AI solutions that help people connect and express themselves more meaningfully. These AI models can be adapted for specific use cases and are highly affordable, appealing to both large enterprises and small businesses.