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

Best Cryptos to Buy in December 2024: Qubetics Presale Goes Ballistic as Ethereum and Quant Look to Build Momentum

Best Cryptos to Buy in December 2024: Qubetics ($TICS) presale explodes, Ethereum (ETH) eyes a…

18 minutes ago

USDC and CCTP to launch on Aptos, with Stripe adding Aptos support in crypto products

Palo Alto, California, 21st November 2024, Chainwire

3 hours ago

Best Cryptos to Buy: Qubetics Set to Rise, Bitcoin Knocks at $100k Milestone, Avalanche to Release 1.67M Tokens

Best Cryptos to Buy: Qubetics presale rockets ahead, Bitcoin nears $100k, and Avalanche prepares to…

3 hours ago

Ike Goes Live on Mainnet: Unlocking Liquid Staking on Aleph Zero

London, United Kingdom, 21st November 2024, Chainwire

4 hours ago

Native USDC on Aptos Coming Soon to Boost DeFi and P2P Transactions

The move will see developers utilize USDC on Aptos in creating dApps on a wide…

4 hours ago

Coinshift Launches csUSDL, Announces Strategic Partnerships

Abu Dhabi, UAE, 21st November 2024, Chainwire

4 hours ago

This website uses cookies.