Grayscale’s Decentralized AI Fund: A New Frontier in Investment

Grayscale’s Decentralized AI Fund: A Fund Dedicated to Decentralized AI

Grayscale’s Decentralized AI Fund- Grayscale, a leading crypto asset manager, is introducing a new fund focused on decentralized artificial intelligence. The Grayscale Decentralized AI Fund LLC will rebalance quarterly, enhancing investment opportunities within the AI segment of the cryptocurrency industry. According to a release shared, the fund already includes Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR) among its assets. Notably, Near, Filecoin, and Render are the top-weighted assets in the fund.

Investment Focus Areas

The fund will concentrate on financing projects in three key areas: chatbots, generative images, and other decentralized AI applications; tackling centralized AI issues such as deep fakes, misinformation, and bot authentication; and AI-related infrastructure, including GPU computation, data storage, decentralized marketplaces, and additional services.

Statement from Grayscale

Rayhaneh Sharif-Askary, Grayscale’s Head of Product and Research, emphasized the potential of disruptive technologies for investors, stating, “The rise of disruptive technologies has created compelling opportunities for Grayscale’s investors since our 2013 inception, and we believe the launch of the Grayscale Decentralized AI Fund provides an opportunity to invest in Decentralized AI at its earliest phase. The blockchain-based AI protocols embody the principles of decentralization, accessibility, and transparency, and the Grayscale team feels strongly that these protocols can help mitigate the fundamental risks emerging alongside the proliferation of AI technology.”

Grayscale’s Broader Strategy

Grayscale previously launched a trust focusing on NEAR in May, aiming to offer investors diversified crypto exposure. As of 9:13 a.m. ET (13:13 UTC) on July 17, NEAR traded at $6.13, marking a 0.42% increase in the past 24 hours.

Spot Bitcoin ETF Performance

The Grayscale Bitcoin Trust, the crypto asset manager’s spot bitcoin exchange-traded fund, is the second-largest spot bitcoin ETF, following BlackRock’s IBIT. GBTC held $17.68 billion in assets under management as of July 16.

FAQ for Grayscale Decentralized AI Fund

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