Covenant AI's exit from Bittensor was prompted by allegations that co-founder Jacob Steeves maintained centralized control, contradicting the project's decentralized mission. The fallout from this departure saw TAO plummet nearly 25% in just six hours, erasing over $650 million in market capitalization.
Tokenization is about bringing real-world financial assets onto infrastructure that can support global scale and continuous market access, said Carlos Domingo, Co-Founder and CEO of Securitize.
The transition here is a little bit of a fork. Rocktop Technologies is focused on some of the generative AI applications and data and documents, as well as automating some of the processes attached to default servicing and some of the trade operational pieces and capital markets.
WLFI was trading at $0.08, a roughly 82% drop from its all-time high last September when it traded at $0.46. The drop coincides with news that Corey Caplan, the CTO of World Liberty Financial, used the project's reserve of WLFI tokens to make loans on a third-party crypto platform he co-founded.