All Subnets

TrajectoryRL

#11Media

Decentralized generative media inference (images, video, audio) powering AI apps via fast TensorRT pipeline on Bittensor.

Price

$0.011091-1.86%

24h

7d Change

+0.62%

Market Cap

$13.88M

Emission

0.10%

Miners

2

Validators

10

Competitor Mapping

TrajectoryRL

Decentralized

Market Cap

$13.88M

TAM

$25.00B

Model

Token-incentivized

Team

Decentralized miners

Stability AI + Runway

Private

Market Cap

Private

TAM

$25.00B

Model

Revenue-driven

Team

Enterprise

Dippy Studio provides decentralized media generation at lower cost than centralized providers like Stability AI and Runway, initially serving its own 8.6M-user companion app before opening to external customers.

Implied Valuation

If TrajectoryRL captures a share of Stability AI + Runway's $25.00B TAM

Bear - 0.1% TAM

$25.00M

implied valuation

+80.18%

vs $13.88M current

Base case

Base - 1% TAM

$250.00M

implied valuation

+1701.80%

vs $13.88M current

Bull - 5% TAM

$1.25B

implied valuation

+8908.98%

vs $13.88M current

Scenarios illustrate potential scale relative to the traditional market. Actual outcomes depend on adoption, tokenomics, and competitive dynamics.

Thesis

Built-in demand from Dippy's 8.6M-user app generating $60K/mo revenue creates a captive customer for SN11 media inference. Roadmap to serve 100+ AI startups by end of 2026 with images, video, and audio makes this one of the few subnets with a clear path to external revenue beyond TAO emissions.

Team

Built by Impel Intelligence, the team behind Dippy AI. Co-founded by Akshat Jagga and Angad Arneja, who met at University of Toronto and previously built the viral lip-syncing app Wombo. Headquartered in Claymont, DE. Also operates SN58.

  • Akshat Jagga - Co-founder - Previously co-built Wombo (viral lip-sync app), University of Toronto
  • Angad Arneja - Co-founder - Previously co-built Wombo, University of Toronto

Funding

$2.1M pre-seed (Oct 2024), led by Drive Capital, with participation from Carya, Hustle Fund, and Pareto Holdings.

Traction

Dippy app has 8.6M+ users with ~1.5hr/day engagement. $60K/month revenue (20% MoM growth). ~1M user-made characters. Currently serving ~2% of Dippy images through SN11 with plans to ramp to 100%. 10K+ models submitted, 400K+ benchmark runs. Joined CreatorBid TAO Council.

Recent News

  • Mar 2026 - Joined CreatorBid TAO Council (SN11 & SN58)
  • H1 2026 - Targeting 50+ external AI startup customers for media inference
  • Q4 2025 - Dippy app became first major customer, powering in-chat image generation
  • Oct 2024 - Raised $2.1M pre-seed led by Drive Capital

Risk

Heavily dependent on parent app Dippy for demand. If Dippy's user growth stalls or competitors like Character.ai dominate, SN11 loses its primary customer.