Revenue Search: Inside Bittensor

James Woodman from Targon (Subnet 4) joins us to explain how they’ve built BitTensor’s most revenue-generating subnet - already doing $100K+ ARR, backed by real users and real payments.We cover:How Subnet 4 aggregates $70M+ of NVIDIA-certified computeWhy they return 100% of revenue to alpha holders via rolling buybacksWhat trusted execution environments (TEEs) are - and why they matterWhy speculative emissions aren’t sustainableHow they’re targeting privacy-focused clients, from AI startups to defence firmsAnd what it’ll take to hit their bold goal of $4M/month in revenueIf you want to understand what serious revenue on BitTensor looks like - this is the one to tune in to.

In this episode, we sit down with Oli and Oscar from Red Team, the BitTensor subnet tackling one of GenAI’s biggest threats: synthetic fraud.Their London-based cybersecurity firm Innerworks already protects major payment platforms and crypto exchanges. But now, with Subnet 61, they’ve built a decentralized R&D engine that uses BitTensor miners to stress-test their own defences - crowdsourcing attacks to stay ahead of adversaries.We dig into:What Red Team actually does (in human language)Why AI-powered fraud is exploding - and how SN61 spots it in real timeThe genius way they use miners to simulate attacks before they hit the wildHow they price and sell the product as a high-margin SaaS playWhether this is an “extractive” subnet or not

In this Subnet Session, we’re joined by Mike Bunting - CFO of Macrocosmos and architect of Subnet 13: Data Universe, the largest open-source social media dataset on the planet.We explore:Why they’ve already scraped over 55 billion posts (and counting)How SN13 turns raw social data into revenue, insight, and alphaWho’s buying the data and why it matters for hedge funds, consumer brands, and subnets alikeThe future of metadata, visualisation, and turning big data into usable productsHow Subnet 13 could power everything from brand tracking to AI training to prediction marketsWhether you’re staking, building, or just curious about real-world utility in Bittensor - this one’s a must-listen.

In this Subnet Session, we’re joined by Wandering Weights - aka Chris - the quietly brilliant mind behind Gradients (SN56).We talk about how Gradients is flipping the post-training market on its head:$250 fine-tuned LLMs that rival $10K AWS jobsA roadmap to 5.0 and enterprise-grade privacyWhy replacing 5 ML engineers with one isn’t dystopian - it’s profitableAnd how 3,000 early users are already generating real-world revenueIf you’ve ever trained a model, hired an ML team, or cursed at AutoML’s pricing - this one’s for you.

In this Subnet Session, we chat with Mikel and Mentor Palokaj — co-founders of TPN (SN65) — a privacy-first VPN built on Bittensor.TPN isn’t just another Nord clone. It’s a decentralized network of nodes that rewards miners for operating in hard-to-reach locations like Iran or Pyongyang, enabling true global coverage and resilience against censorship.We cover:– Why VPNs are a natural fit for Bitensor’s incentive model– How TPN makes surveillance harder and logging obsolete– Their “AWS for VPNs” vision, open dev tooling, and upcoming consumer app– And how API fees will flow straight into alpha buybacksIf you think VPNs are boring, this one might change your mind.

In this Subnet Session, we sit down with James from Synth (SN50) - a predictive modeling subnet that’s quietly becoming Bittensor’s financial backbone.Synth isn’t about calling prices - it’s about modeling volatility. James walks us through how hundreds of miners generate millions of synthetic price paths for BTC, ETH, and soon gold, and how that data is being used in DeFi protocols, hedge fund strategies, risk models, and trading agents.We cover:Why volatility matters more than priceHow Synth outperforms industry benchmarks by 30%The roadmap for fiat revenue and alpha buybacksAnd why recruiting elite data scientists is Bittensor’s next frontierIf you’re betting on decentralized finance, intelligence, and infrastructure - this one’s for you.

In this Subnet Session, we talk with Michaela Bazo, CEO of Metanova (SN68) — the first decentralized drug screening platform on Bittensor.We dig into how Metanova is reshaping pharma’s $2.6B, 10-year funnel with a token-incentivized AI network that screens molecules faster, cheaper, and with real novelty. We cover everything from miner incentives to big pharma partnerships, behavioral drugs to decentralized R&D, and why alpha-backed screening might become biotech’s new backbone.If you’re into deep tech, biotech disruption, or trillion-dollar TAMs — this one’s essential.

Gareth Howes has spent 25 years behind the scenes of broadcast and streaming – but now he’s building a subnet.In this Subnet Session, we sit down with Gareth to explore Subnet 85 - Vidaio - Bittensor’s first and only video processing subnet. He breaks down how their AI-enhanced compression and upscaling tech could save platforms like Netflix and Amazon millions, without compromising quality.We cover:Why emerging markets are a massive wedge for VidaioHow AI can reduce file sizes by up to 80%Why compression, not upscaling, will be their 90% revenue driverThe roadmap to fiat billing and enterprise partnershipsAnd what they plan to do with real-world revenue when it starts flowingIf you’re betting on real-world adoption of Bittensor infrastructure – Vidaio is one to watch.

Chutes is the top subnet on Bittensor - and in this deep dive, co-founder Jon Durbin explains why.We talk about Chutes as a serverless AI compute platform, how it’s already processing over 100 billion tokens a day, and what early fiat revenue means for long-term sustainability. Jon shares how Trusted Execution Environments (TEE's) will unlock privacy and enterprise adoption, what differentiates Chutes from Coreweave or Together AI, and how they’ve structured token incentives to avoid sell pressure.

In this Subnet Session, we speak with Ksian - the builder behind Subnet 16 (Hashtensor) - about why he’s connecting Bittensor to proof-of-work mining, starting with Kaspa.We cover how Hashtensor differs from SN14, how it routes 95% of mining rewards directly to miners, and how buybacks and burns are baked into the model.Plus: future plans to add Bitcoin and Monero, and why Ksian vfr believes lean teams and token utility will win.