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.
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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.
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