Most people still price #Bittensor subnets like they’re just another #crypto token
But that's the wrong way to look at them.. Subnets are essentially early stage AI startups
Real users.. real demand.. real utility.. live products.. No permission.. No VCs
That's why the better comparison is global AI products built by the largest and "hottest" companies in the world
When you realize some of these subnets are doing what traditional $1B+ VC backed companies do, but globally and on chain..
You start to see the ceiling is a lot higher than most think
The upside isn’t capped by #crypto because what's being built is meant to compete at the enterprise scale
$TAO