The Bittensor network's token has been skyrocketing as the organization which developed the protocol, the Opentensor Foundation, hopes to offer an open-source alternative amid the artificial intelligence arms race. 

Bittensor's $TAO token has risen by more than 90% during the past two weeks and surpassed a market capitalization of $3 billion on Tuesday, according to The Block's Price Page. The token was up 12% and trading at $482.39 as of 12:51 p.m. ET, also according to CoinGecko.

About a week ago, Ethereum founder Vitalek Buterin appeared to express support for Bittensor. In a blog post, Buterin said that Bittensor offered an opportunity to incentivize the creation of better AI by offering financial incentives. "'Using crypto incentives to incentivize making better AI' can be …