Grayscale Investments has launched a new fund dedicated to distributed artificial intelligence for accredited investors.
The fund includes decentralized artificial intelligence protocols such as Near, Filecoin, Render, Livepeer and Bittensor and is rebalanced quarterly. The fund aims to capitalize on the growth of these protocols, which promote #decentralization , accessibility and transparency in the development of artificial intelligence technologies.
#Grayscale Investments has launched a new fund dedicated to decentralized artificial intelligence that aims to provide accredited investors with the opportunity to invest in protocols that combine #blockchain and artificial intelligence. The fund has been named Grayscale Decentralized #AI Fund. The fund is only available to accredited investors and aims to capitalize on the growth of protocols that combine the potential of these two technologies.
The new Grayscale fund includes a number of distributed artificial intelligence protocols. Near (NEAR) with a 32.99% stake, Filecoin (FIL) with 30.59%, Render (RNDR) with 24.86%, Livepeer (LPT) with 8.64% and Bittensor (TAO) with 2.92%. The fund's composition will be rebalanced quarterly to keep it relevant and competitive with trends in the cryptocurrency market.
Grayscale emphasizes that the new fund will focus on three main categories of decentralized AI assets. These are protocols that create distributed AI services, protocols that solve centralized AI problems, and infrastructure and resources critical to the development of AI technologies.
Grayscale's head of product and research, Raihan Sharif-Askari, emphasized that blockchain-based protocols embody the principles of decentralization, accessibility and transparency, and that the company believes these protocols will help mitigate the major risks associated with the widespread use of AI technologies.
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