Covenant AI exits Bittensor over centralization concerns, TAO falls 15%
TAO, the native token of Bittensor, dropped by double digits on Thursday after Covenant AI announced its departure from the decentralized network due to concerns over centralized control and governance. CoinGecko data shows that TAO dropped over 15% from around $337 to $284 following Covenant AI’s announcement. The token was trading at $292 at press…
