TAOFU's Mikel & Mitch: Enabling Capital Formation for Subnets on Bittensors $10B+ Network

The Delphi Podcast

Join Tommy Shaughnessy as he hosts Mitch and Mikel, co-founders of Taofu and TPN, to discuss Taofu, a launchpad for Bittensor subnets. Learn about how they're democratizing subnet funding and their first subnet launch.

Taofu: https://www.Taofu.xyz/

Taofu Funding Form: https://form.typeform.com/to/KmvNfUg5

🎯 Key Highlights

▸ Mitch and Mikel's journey from DeFi to discovering Bittensor and Tao

▸ Taofu's subnet launchpad: selling future emissions upfront to avoid selling pressure

▸ How Dynamic TAO (dTAO) changed Bittensor's power dynamics from voting to market-based

▸ The challenge of subnet registration costs and predatory funding deals pre-dTAO

▸ Taofu's tokenization process: multisig custody and Subnet Seeds (SNS) tokens

▸ Tao Private Network (TPN): First subnet registered post-dTAO, powering decentralized VPN

▸ How miners earn rewards for providing VPN infrastructure across 80+ countries

▸ Vesting mechanics and governance voting for SNS token holders

▸ Future AI predictions: robotics integration and potential for extended human lifespan

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🧠 Follow the Alpha

▸ Taofu's Twitter: @taofuxyz

▸ Mikel's Twitter: @0xDutchmikel

▸ Mitch's Twitter: @DB3045

🔗 Connect with Delphi

🌐 Portal: https://delphidigital.io/

🐦 Twitter: / delphi_digital

💼 LinkedIn: / delphi-digital

🎧 Listen on

Spotify: https://open.spotify.com/show/62PR1RigLG2YN5Pelq6UY9?si=18ac7ccf36ab4753&nd=1&dlsi=50105fd66e6c4124

Apple Podcasts: https://podcasts.apple.com/us/podcast/the-delphi-podcast/id1438148082

Youtube: https://www.youtube.com/channel/UC9Yy99ZlQIX9-PdG_xHj43Q

Timestamps

00:00 - Intro: Mitch, Mikel & Taofu

01:00 - Mikel's DeFi background and transition to Bittensor

02:00 - Mitch's growth background and getting "red-pilled" into Tao

03:00 - Taofu genesis: From liquid staking to subnet launchpad

05:00 - Dynamic TAO (dTAO) impact on Bittensor power dynamics

06:00 - How Taofu solves subnet funding and exit liquidity problems

08:00 - Pre-dTAO barriers: High registration costs and predatory deals

11:00 - Taofu's tokenization process and multisig custody

14:00 - Due diligence and curation model for subnet selection

17:00 - Balancing AI advancement vs. Bittensor ecosystem growth

22:00 - Dream projects: Creative AI and privacy-focused solutions

25:00 - Tao Private Network (TPN): Decentralized VPN subnet

28:00 - TPN's global infrastructure and miner incentives

33:00 - User experience and dynamic incentive adjustments

34:00 - Upcoming TPN sale mechanics and vesting structure

37:00 - Taofu platform evolution: Analytics, governance, and bridges

38:00 - Future of AI: 6-month predictions and longevity implications

42:00 - AGI timeline predictions and closing thoughts

Disclaimer

This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host and members at Delphi Ventures may personally own tokens or art that are mentioned on the podcast. Our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token.