Bittensor subnet ecosystem is expanding rapidly, with TAO token staking growing from $74,400 to $620 million, an increase of 833,000%. The number of subnets has grown from 80 to 120, with a market cap exceeding $1.5 billion, with some subnets performing exceptionally. It is expected that after market cap breaks through $1 billion, more staking will flow into subnets. TAO has recently experienced continuous price increases, reaching new highs, outperforming most cryptocurrencies.

Gate News Bot news, on August 20, according to CoinMarketCap data, as of the time of writing, ROOT (The Root Network) is currently priced at $0.00401376, with a rise of 15.87% in the last 24 hours, peaking at $0.00412617 and dipping to a low of $0.00324395. The 24-hour volume reached $5.68 million. The current market capitalization is approximately $14 million, an increase of $1.91 million compared to yesterday. The Root Network is a powerful infrastructure for seamlessly connecting games, content, and experiences. The network aims to build the technological and cultural foundation of an open metaverse, allowing creators, companies, and communities to shape their own futures. The Root Network provides developer-friendly solutions, including those based on Substr.

Gate.io News bot, according to Wu Shu, artificial intelligence and immersive gaming technology provider Futureverse has acquired NFT platform Candy Digital. Under the acquisition plan, Candy Digital will be integrated into Futureverse's Layer-1 blockchain Root Network. Futureverse's acquisition aims to address the issue of brand creation rights and ownership in AI applications. The company uses technology to achieve IP management and expand application scenarios in the field of gaming and digital experience.