Quick take:
Grayscale is launching The Grayscale Decentralized AI Fund LLC to invest in the intersection of AI and blockchain technology.
The fund has already invested in Bittensor, Livepeer, Near, Filecoin, and Render with the latter three being the highest-weighted assets in the fund so far.
The fund will also be targeting opportunities in AI chatbots and generative images, as well as, fixing AI-related challenges like deep fakes, misinformation and authenticating bots.
Leading crypto asset manager, Grayscale has launched the Grayscale Decentralized AI Fund LLC. The new fund targets opportunities at the intersection of artificial intelligence and blockchain technology.
The fund targets three key areas including AI services (chatbots, generative images), fixing problems related to centralized AI use (deep fakes, misinformation and authenticating bots), and developing AI-related infrastructure (GPU computation, data storage, decentralized marketplaces), among others.
The fund has already backed various crypto projects including Bittensor, Livepeer, Near, Filecoin, and Render with the latter three being the highest-weighted assets in the fund so far.
Commenting on the announcement, Rayhaneh Sharif-Askary, Grayscale’s head of product and research, in a statement: “The rise of disruptive technologies has created compelling opportunities for Grayscale’s investors since our 2013 inception, and we believe the launch of the Grayscale Decentralized AI Fund provides an opportunity to invest in Decentralized AI at its earliest phase.”
The Grayscale team feels that because blockchain-based AI protocols align with the principles of decentralisation, accessibility, and transparency, they “can help mitigate the fundamental risks emerging alongside the proliferation of AI technology.”
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The post Grayscale Launches New Fund Focused on Decentralised AI Projects appeared first on NFTgators .
