It's been some time since we last updated you on our progress with the #Bittensor Subnet creation, which is at the heart of our project and a key interest for everyone involved.

Here's what we accomplished so far:

•  Deployed a Local Test Subnet ✅
•  Developed separate codes for miners, validators, and protocol ✅
•  Added nearly 2000 $TAO to our treasury ✅

As you may recall, after extensive local testing and the initial deployment of our test subnet, we realized our original plan was not feasible and had to be revised. We are currently exploring several new ideas, conducting tests, and soon we will finalize our decision and advance with a new subnet direction. We will update you soon on the definitive plan for the #Tatsu Subnet.

Our treasury has been steadily growing with regular additions of $TAO. While the cost of subnet creation is currently higher than our treasury's capacity, the Bittensor ecosystem is actively expanding from 32 to 64 subnets. This expansion has driven up the price, but these costs will eventually stabilize.

We're halfway there! Stay tuned for more updates as we approach the finish line. 🚀
#Bittensor