**Cryptocurrency and blockchain news**

- On July 17, Grayscale announced the launch of the Grayscale Decentralized AI Fund LLC, providing investors with access to artificial intelligence protocols in the crypto ecosystem.

- The fund will be rebalanced quarterly and includes protocols such as Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR) and Render (RNDR).

- Grayscale's head of product and research, Rayhaneh Sharif-Askari, noted that the fund provides an opportunity to invest in decentralized AI at an early stage.

- The fund will finance projects in three key areas: the development of chatbots, generative images and other decentralized AI applications; solving problems associated with centralized AI; AI infrastructure support.

- Grayscale emphasizes that decentralized AI protocols can mitigate the risks associated with the development of AI technologies.