Grayscale Launches AI Fund: Includes Near, Render, Filecoin, and More

Grayscale Investments created and launched a decentralized artificial intelligence fund, Grayscale Decentralized AI Fund LLC. The fund includes notable altcoins and focuses on three main categories of decentralized AI assets.

Like memecoins, AI tokens are becoming a true sector in the industry as cryptocurrency adoption grows.

Grayscale presents its decentralized AI fund

Grayscale's announcement highlights “decentralized AI” as one of the promising opportunities for its customers. The fund, limited to eligible accredited investors, will provide access to the performance of AI protocols in the cryptocurrency industry.

“Blockchain-based AI protocols embody the principles of decentralization, accessibility and transparency. The Grayscale team strongly believes that these protocols can help mitigate the fundamental risks that arise along with the proliferation of AI technology,” said Rayhaneh Sharif-Askary, Head of Product and Research at Grayscale.

Read more: How to invest in artificial intelligence in 2024?

At launch, only five top-weighted tokens were included in the fund. It is based on its general functions and purposes within the development and deployment of AI technology:

Bittensor (TAO): Protocols that build decentralized AI services, such as chatbots and image generation services.

Filecoin (FIL) and Livepeer (LPT): Protocols that build solutions to problems related to centralized AI. This includes authenticity checks against bots, deep fakes and misinformation.

Near Protocol (NEAR) and Render (RNDR): Critical infrastructure and resources for the development of AI technology. This includes decentralized marketplaces for data storage, GPU computing, 3D rendering, and streaming services.#Bitcoin #btc #ETH #solana #SEC $BTC $ETH $BNB