
In this episode, Lex chats with Evan Malanga — Chief Revenue Officer of Yuma, a subsidiary of Digital Currency Group focused on growing the Bittensor ecosystem. They discuss how Bittensor's $6 billion protocol incentivises AI builders worldwide through token emissions across 128 competing subnets, and why the network has produced real commercial outputs — including a 72 billion parameter model trained on-chain and a coding agent rivalling Claude at a fraction of the cost. Evan explains Yuma's role as the institutional gateway to Bittensor through its validator, accelerator, and asset management products, and they explore why the concentration of AI in OpenAI and Anthropic is a systemic risk, and whether Bittensor's future extends beyond AI into a broader coordination engine for decentralised work.
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