Grayscale Investments has launched a new Decentralized AI Fund for artificial intelligence crypto protocols.
According to a recent press release by Grayscale Investments, the fund aims to capture growth in the AI sector within the crypto ecosystem, providing accredited investors with exposure to AI-driven blockchain projects.
The fund will focus on protocols such as Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR). It will rebalance quarterly and aims to leverage blockchain’s principles of decentralization, accessibility, and transparency.
The fund will target three main categories. Firstly, it includes protocols developing decentralized AI services such as chatbots and image generation. Secondly, it will target protocols solving AI-related issues like authenticity checks against bots and deepfakes.
The fund will also invest in essential AI infrastructure, such as decentralized platforms for data storage, GPU computation, and 3D rendering.
As of July 16, 2024, the Grayscale Decentralized AI Fund comprised various assets with specific weightings: Bittensor (TAO) at 2.92%, Filecoin (FIL) at 30.59%, Livepeer (LPT) at 8.64%, Near (NEAR) at 32.99%, and Render (RNDR) at 24.86%.
“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,” said Grayscale’s Head of Product & Research Rayhaneh Sharif-Askary.
“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
Read more on cryptonews.com