Ecosystem maturing and going from speculation to value analysis is critical. @YumaGroup putting out amazing content / information for dtao investors.

Applying this to @bitmind (Subnet 34, focused on deepfake detection): Assuming $10M initial annual OpEx (based on market comparables RealityDefender, Hive etc.) DFD market growing at 44.5% CAGR, 30% discount rate (high risk), and standard emissions (2,952 miner tokens/day), the current fundamental price is ~$9.28. Suggesting undervaluation at $3.9.

Projections show 1-year price at $13.41, jumping to $80.93 in 4 years post-halving. Early investors could see ~17x returns on staked positions, transitioning to company-supported value as revenues grow, though risks like adoption, sales execution, etc. apply

Other great research in this space was by @here4impact who did analysis on BitMind with his subnet growth model (SGM): https://t.co/LyB1NZ5mA5

Velocity is king. open source will always win