🚨 Ecosystem Alert: Covenant AI Exits $TAO Network
Covenant AI has officially announced its departure from the Bittensor ecosystem, citing concerns around governance and decentralization.
⚠️ Key Issues Raised: • Governance model seen as inconsistent with true decentralization
• Reports of unilateral actions affecting subnet operations
• Community control and management rights allegedly limited
• Token-related decisions lacking transparent consensus
🔍 Structural Concerns: • Network described as operating under a small multi-signature setup
• Claims that actual control may be concentrated in a single entity
• Ability to push changes without broader community agreement
📢 Official Stance: Covenant AI stated it can no longer operate under the current framework and will focus on building open, permissionless AI infrastructure moving forward.
📊 Such developments can influence sentiment across the ecosystem — stay alert and manage risk accordingly.
#Crypto #AI #Bittensor #Decentralization #Web3 #Trading 🚨