As Bitcoin has recently come out of the decline, the decentralized AI sector has also begun to pick up.
According to CoinGecko data, the overall market value of decentralized AI rose by 17.7% last week to $30.7 billion.
In addition to the impact of the overall recovery of the market, decentralized AI is also expected to benefit from the following potential benefits:
Trump's deputy Vance supports open source AI: On July 16, former US President Donald Trump announced the selection of Ohio Senator J.D. Vance as his vice presidential running mate for the 2024 election. Interestingly, he is not only a supporter of the crypto industry who holds Bitcoin, but also very concerned about the development of artificial intelligence. In a post on March 4 this year, he pointed out that open source is a way to solve the bias in AI systems. This call coincides with the concept of decentralized AI. If he is successfully elected as the next vice president of the United States, there may be relevant favorable policies.
Grayscale Decentralized AI New Fund: On July 17, Grayscale announced the launch of Grayscale Decentralized AI Fund LLC, a new decentralized AI fund. Mainstream investors can now gain exposure to decentralized AI projects by purchasing traditional securities. The emergence of such funds may attract more funds and attention to the decentralized AI field and promote the development of the entire industry. Currently, the project tokens in the fund basket include Bittensor ($TAO), Filecoin ($FIL), Livepeer ($LPT), Near ($NEAR) and Render ($RNDR).
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