New Subnet Focused on Financial AI
Ethereum Layer 2 network Mode has launched Synth, a new subnet on the Bittensor blockchain designed to develop decentralized AI models for predicting crypto price volatility. Synth aims to leverage Bittensor’s collaborative machine-learning network to enhance financial modeling.Bittensor’s Collaborative Architecture
As part of the Bittensor ecosystem, Synth operates as an independent marketplace where participants compete to deliver the best AI models for financial forecasting. The subnet will focus on generating simulated price paths for assets like Bitcoin, providing valuable insights for options trading and portfolio management.Incentivizing Accurate Predictions
Synth incentivizes miners to create realistic price simulations, which validators then evaluate against historical data. Initially, the subnet will generate 100 simulated Bitcoin price paths every five minutes, rewarding miners for accuracy and alignment with market dynamics.Part of the Optimism Superchain
Synth is part of the Optimism Superchain ecosystem and represents a significant step forward in decentralized financial intelligence. Mode’s co-founder, James Ross, stated, “Synth marks a huge leap in enabling AI agents to model asset price volatility.”
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