S&P Global has acquired OpenZeppelin, and OpenAI is reportedly in early talks to buy Trail of Bits.
About SN60 Bitsec.ai
Bitsec | Bittensor Subnet 60 τ@bitsecaiS&P Global has acquired OpenZeppelin, and OpenAI is reportedly in early talks to buy Trail of Bits. Neither is crypto-native. One is a pillar of traditional finance, the other a frontier AI lab, and both reached for firms with deep web3 records. Finance is moving onto blockchains, where smart contracts are the infrastructure the assets run on. S&P has said it wants to assess the technology risk beneath on-chain financial products, and that risk sits in code that is public, holds value directly, and turns a missed bug into an immediate loss. Audit firms that last in that environment build skills that are rare elsewhere. S&P didn’t go the traditional audit route. It chose a web3 firm. That may not be a trend yet but it’s interesting. The world is already waking up to the idea that code carrying this much value is constantly changing, and a check done once is out of date the next time new code ships. Since the code is the infrastructure, continuous audits are how that value stays protected. @Bitsecai $TAO
SN60 Bitsec.ai at a glance
SN60, Bitsec.ai (α token ذ), is one of the independent markets on the Bittensor network, each with its own α token and its own price. Its α currently trades at 0.003208 τ (≈ $0.81), against 6,253 τ of pool liquidity. On-chain, the best-delegated validator on it yields about 30.77% APR (simple) and 36.02% APY (compounded), emissions add 0.000008 τ to the pool each block, epochs run every 360 blocks. It was registered at block #4,796,992.
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Taosis indexes announcements, articles, posts and releases about Bittensor subnets from their own channels and keeps a record of each. The text above is the source’s; the figures are read from the chain by Taosis.