Grayscale Introduces Decentralized AI Fund for Accredited Investors
Crypto asset manager Grayscale Investments has unveiled its latest offering, the Grayscale Decentralized AI Fund, providing accredited investors with exposure to protocols that merge blockchain technology and artificial intelligence.
The Grayscale Decentralized AI Fund focuses on a curated selection of decentralized AI crypto protocols. As of July 16, the fund's allocation includes Near (NEAR) at 32.99%, Filecoin (FIL) at 30.59%, Render (RNDR) at 24.86%, Livepeer (LPT) at 8.64%, and Bittensor (TAO) at 2.92%. To stay relevant and responsive to market dynamics, the fund will undergo quarterly rebalancing. This strategy aims to ensure that the fund remains aligned with the most promising and impactful decentralized AI protocols.
Grayscale's Head of Product & Research, Rayhaneh Sharif-Askary, emphasized the importance of this new fund in addressing the fundamental risks associated with centralized AI. "The blockchain-based AI protocols embody the principles of decentralization, accessibility, and transparency," Sharif-Askary said. "We strongly believe that these protocols can help mitigate the risks emerging alongside the rapid advancement of AI technology."
This launch comes amid a growing interest in decentralized alternatives to mainstream AI technologies. Just last month, decentralized AI projects received a significant boost when Nvidia, a publicly traded chip maker, reported better-than-expected quarterly earnings, highlighting the continued interest and investment in AI technologies.
