The cryptocurrency Bittensor (TAO) has risen by 128% over the month. During this time, the price of the coin increased from $258 to $585. In the first week of October, while leading digital assets did not show a noticeable increase, the price of the TAO token rose by 10%, placing it fifth in growth rates among the top 100 cryptocurrencies.

Bittensor is an infrastructural blockchain project developing artificial intelligence (AI) technology. The developers of Bittensor are building an open data marketplace for training AI models. Such training requires a large amount of computing power, and as a solution, Bittensor proposed leveraging the potential of decentralized networks.

Participants in Bittensor's collective multi-layer machine learning model receive rewards in TAO tokens by providing their computing power for AI operations. The network becomes a distributed "supercomputer," with nodes that can interact with each other.