PANews reported on July 17 that according to The Block, Grayscale has launched a new fund focused on decentralized artificial intelligence, Grayscale Decentralized AI Fund LLC. The fund aims to promote artificial intelligence investment in the cryptocurrency industry, with quarterly reorganization, and will fund three key areas: artificial intelligence services, solving problems with the use of centralized artificial intelligence, and developing infrastructure related to artificial intelligence. The fund's first projects include Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR) and Render (RNDR), of which Near, Filecoin and Render are the highest weighted assets in the fund. Rayhaneh Sharif-Askary, head of product and research at Grayscale, said the fund provides an early opportunity to invest in decentralized artificial intelligence and helps mitigate the fundamental risks brought about by the popularization of artificial intelligence technology.