TechFlow news, January 27 — According to The Block, Ethereum Layer 2 project Mode announced the launch of a subnet called Synth on Bittensor, aiming to develop an AI-based cryptocurrency price prediction system. As a member of the Optimism Superchain ecosystem, Mode will provide infrastructure for AI-driven financial modeling through this subnet.
James Ross, co-founder of Mode, stated that Synth will leverage Bittensor's decentralized architecture to model asset price volatility. In the system design, "miners" will generate 100 simulated price paths for Bitcoin every five minutes. Subnet validators will evaluate their accuracy against historical data and reward top-performing miners with TAO tokens.
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