TensorSpace is a protocol that leverages Bittensor’s decentralized machine-learning network to create a platform for artificial intelligence and machine-learning enthusiasts, developers, and tech researchers. It enables users to lend and borrow various types of processing units like GPUs, TPUs, and LPUs for various AI and ML purposes.
This article is a comprehensive guide to the TensorSpace project where we shall learn more about its underworkings. We will also take a closer look at its native TPU token, understand how it works, make price predictions for TPU till 2030, and list exchanges to buy the token from, before determining whether it is a credible crypto investment.
So, without further ado, let’s get started.
What is TensorSpace (TPU)?
Tensorspace is a protocol built atop the decentralized neural network Bittensor (TAO) that aims to connect processing units (PUs) across the world. It mainly acts as a platform for lending and borrowing PUs that are designed to perform specific tasks like AI and ML computations.
Apart from being a decentralized marketplace for users to lend their PUs, Tensorspace also provides a real-world application layer on top of Bittensor, where users can build no-code applications using PUs they have access to. Additionally, the platform creates a derivative of subnet tokens that represent the governance of different subnets within the Bittensor network.
How Does TensorSpace Work?
Tensorspace is a unique crypto project that combines the advantages of blockchain technology, machine learning, and no-code development. By leveraging the platform, users can access a wide range of AI and ML computing resources at competitive prices without having to rely on centralized providers or intermediaries.
Users can also contribute to the development and innovation of the decentralized machine learning network and earn rewards in the TAO token. Furthermore, users can launch their no-code applications on Bittensor, without writing a single line of code or worrying about the network’s technical details.
Tensorspace has the following use cases:
- AIFoundry
AIFoundry is a decentralized marketplace on Tensorspace that offers on-demand processing power via GPUs, TPUs, and LPUs.
- TensorCraft
TensorCraft enables the development of no-code applications for users of all skill levels.
- Subnetix
Subnetix fosters innovation in tensor processors by connecting users to the Bittensor subnet ecosystem.
- TensorSpace
TensorSpace advocates for the decentralization of the AI interface and democratizes its power through an open standard protocol.
What is the TensorSpace Token (TPU)?
TPU is the native utility and governance cryptocurrency of the TensorSpace network. It is used to perform all transactions on the TensorSpace marketplace and to pay network charges.
Furthermore, Tensorspace also offers a liquid staking protocol on TAO – the native currency of Bittensor, where users can stake their TPU tokens to earn Dynamic TAO, which can be used to purchase Bittsenor’s various subnet tokens.
TPU has a maximum supply of 1 billion coins. The exact number of tokens in circulation or its market cap is currently unknown but in the last 24 hours, the network has seen a trading volume of nearly $2 million.
TPU Token Price Prediction: 2024, 2025, 2026, 2027, 2028, 2029, 2030
At the time of writing, TPU is trading at $0.003819 – up 234.5% in the last 24 hours.
Based on its current valuation, in 2024, TPU is expected to trade within a minimum and maximum price range of $0.00262 and $0.00644. The average trading price of TPU this year is estimated to be $0.00623.
In 2025, TPU is forecasted to trade within a price range of $0.00631 and $0.00761. The average estimated price at which the token would change hands next year is $0.00687.
In 2026, the average trading price for TPU is assumed to be $0.00978. During that year, the token could be trading within a maximum and minimum price range of $0.0106 and $0.00864.
By 2027, the price range within which TPU could be trading is $0.0113 and $0.0134. The average trading price for the token during that period is $0.0126.
In 2028, the average trading price for TPU is estimated to be $0.0126. The minimum and maximum price at which the token would be changing hands during that year is $0.0113 and $0.0134, respectively.
By 2029, TPU could be trading within a price range of $0.0139 and $0.0159. The average trading price for the token during that year would be $0.0152.
By 2030, TPU is predicted to have an average trading price of $0.0217. The minimum and maximum price at which the token would be traded during that period is estimated to be $0.0198 and $0.0219.
Where to Buy TensorSpace Token (TPU) From?
Here is the list of exchanges via which you can buy and trade TensorSpace tokens:
Is TensorSpace a Credible Cryptocurrency Investment?
TensorSpace is a decentralized marketplace on the Bittsenor network where users can lend or borrow processing units to leverage the power of AI and machine-learning algorithms. The platform offers a decentralized manner of sharing computing power, without the involvement of any intermediaries.
Tensorspace allows users without any programming background to develop apps that are powered by AI and ML algorithms, meaning they can create AI chatbots and other large language models (LLMs) without having to code from scratch.
All things considered, I would say Tensorspace is a credible cryptocurrency project largely due to how it is helping users worldwide access processing units that are required for AI development. The project has a bright future ahead of itself and could play an integral role in the democratization of AI computing power.
As is the case with any cryptocurrency, TPU is also prone to extreme price fluctuations. Therefore, it is crucial to do your due diligence before making any investment decision regarding TensorSpace. Always remember that you should only invest money that you can afford to lose.
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