The current Bittensor subnet ownership model creates significant limitations by registering ownership to a single on-chain entity. It offers no native mechanism to distribute ownership rights or rewards, hindering collaborative governance and investor participation.
This PR introduces Distributed Subnet Ownership, a protocol-level solution that allows both economic and governance rights to be fractionalized into on-chain shares. This enables multiple stakeholders to co-own and manage a subnet directly on-chain.
A native implementation provides a standardized, secure, and efficient framework, which is preferable to bespoke smart contract solutions. By integrating this functionality into the protocol, we can strengthen decentralization, improve transparency, and lower coordination costs for subnet operators, contributors, and investors.