Why isn't it too late to launch a subnet on Bittensor now? It might be the path with the highest ROI for AI entrepreneurs right now. Three years ago, before it even took off, with the support of the @opentensor foundation, I created the ecosystem's first incubator. At that time, I mobilized all my AI portfolio to build subnets. Yesterday, Chamath chatted with Jensen Huang on the All-in Podcast about #sn3 @tplr_ai's decentralized training, and Huang directly acknowledged it as a "crazy technical accomplishment." The result? A 20% surge, with subnets performing even better. This means that after three years of development, the builders remaining in the Bittensor ecosystem are creating greater value and receiving real rewards. Having worked in primary market institutional investment for five years, I deeply feel that the market has changed. 1. Listing tokens is becoming increasingly difficult (unless you have connections).