Why did Grayscale open fund trusts of $SUI and $TAO ?
Because Grayscale believes that Bittensor (TAO) is the core of decentralized AI development, and Sui is redefining smart contract blockchain.
TAO is a robot learning network with only 21 million AI blocks, providing support for blockchain-based machine learning networks.
SUI is a Layer1 project developed based on the Move language, a blockchain project developed from scratch.
TAO is a new project that Grayscale hopes to bet on the stability of the AI sector. It can be seen that there are no other AI projects in the currency circle except TAO that can make a big sound.
SUI is to raise funds for the new capital market and create a high return for the Layer1 sector, which is also a common sense hype. This year, the market has not created a new narrative core, so it has returned to its essence.
But this does not mean that the market will get better. Grayscale launched NEAR and STX on May 23, but the market still fell.