News

Grayscale Decentralized AI Fund Unveils Investments In Top AI Blockchains

Key Points:

  • Grayscale introduces new Grayscale Decentralized AI Fund for decentralized AI protocols.
  • Accredited investors can access early decentralized AI innovations through the fund.
Grayscale Investments launched the Grayscale Decentralized AI Fund, exposing investors to blockchain-based AI protocols like Bittensor, Filecoin, and Near.

Grayscale Investments, the world’s largest crypto asset manager, has announced the launch of the Grayscale Decentralized AI Fund. According to the company, the new fund aims to expose investors to decentralized AI protocols in the crypto ecosystem.

Key Assets in The Decentralized AI Fund

The fund will be rebalanced quarterly and includes projects Bittensor, Filecoin, Livepeer, Near, and Render in descending order; Near, Filecoin, and Render take up the top weights.

In this case, the three focus areas are broadly outlined as follows: decentralized AI services, such as chatbots and image generation; problems created with centralized AI, such as deep fakes and misinformation; and AI-related infrastructure, like computing on GPUs and data storage.

Rayhaneh Sharif-Askary, Head of Product and Research at Grayscale, highlighted the fund’s importance by commenting, “One of the most compelling opportunities for investors in Grayscale products since our 2013 inception has been investment opportunities arising from disrupting technologies.

Readmore: Insider: Anthropic AI Funding Surpasses $750M With Menlo Ventures’ Investment

Investment Opportunities with Grayscale Decentralized AI Fund

They believe the launch of the Decentralized AI Fund presents an opportunity to participate in Decentralized AI during its earliest phase. Blockchain-based AI protocols allow decentralization, accessibility, and transparency hallmarks for this new artificial intelligence paradigm.

As of July 16, 2024, the composition of the Grayscale Decentralized AI Fund includes: Bittensor 2.92% TAO, Filecoin 30.59% FIL, Livepeer 8.64% LPT, Near 32.99% NEAR, and Render 24.86% RNDR. The fund will be open for qualified accredited investors for investment utterly new in the ever-growing field of decentralized AI.

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.

Recent Posts

DOJ Investigates Polymarket for Alleged Illegal US User Bets

The US DOJ investigates Polymarket for Alleged Illegal US User Bets Polymarket, for allegedly permitting…

53 minutes ago

Get Ready for a New Level of Excitement If You Missed Ethereum ICO: Qubetics Could Redefine Success

Ethereum’s ICO was priced at around $0.30 per token, and today, it’s valued in the…

1 hour ago

A Missed Moment with Cardano? Here’s Why Qubetics at $0.0212 Could Be Your Perfect Timing – Explore the Best Crypto to Join Now

If you’ve been regretting missing out on Cardano, Qubetics ($TICS) might just be the ticket…

2 hours ago

Shiba Inu Price Clears Path To New ATH Of $2 As WallitIQ (WLTQ) Takes The Lead With A 23,000% Surge

The Shiba Inu price is on track to reach a new ATH of $2, while…

2 hours ago

Best Crypto Presales to Watch This November: Get in Early on These Potential Breakout Coins

So, you’re on the lookout for the next big thing in crypto? Aren’t we all?…

6 hours ago

This website uses cookies.