Grayscale Investments, the largest global crypto asset manager, has introduced the Grayscale Decentralized AI Fund LLC.
The Grayscale fund aims to provide investors with exposure to decentralized artificial intelligence (AI) protocols within the crypto space. The fund, which will rebalance quarterly, includes a grouping of AI-focused crypto assets such as Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR).
Rayhaneh Sharif-Askary, Grayscale’s Head of Product and Research, highlighted the fund’s potential, stating, “The rise of disruptive technologies has created compelling opportunities for Grayscale’s investors since our 2013 inception. We believe the launch of the Grayscale Decentralized AI Fund provides an opportunity to invest in decentralized AI at its earliest phase.”
We’re pleased to announce the launch of our newest private placement investment product, Grayscale Decentralized AI Fund. Available to eligible accredited investors.$NEAR $RNDR $FIL $LPT $TAOSee important disclosures or speak directly to a team member: https://t.co/gYetdms280 pic.twitter.com/OvNhec95io
— Grayscale (@Grayscale) July 17, 2024
Sharif-Askary emphasized that blockchain-based AI protocols embody principles of decentralization, accessibility, and transparency, which can help mitigate risks associated with the proliferation of AI technology.
Primary focus
The fund will focus on three primary areas: developing decentralized AI services like chatbots and generative image systems; addressing issues related to centralized AI, including deep fakes, misinformation, and bot authentication; and building AI-related infrastructure such as GPU computation, data storage, and decentralized marketplaces.
Grayscale, the world's largest crypto asset manager, has launched a new Decentralized AI Fund to give investors exposure to the AI sector.The fund includes $NEAR, $FIL, $RNDR, $LPT, and $TAO – With $NEAR as the largest holding.Can't get more bullish than this! 🔥 pic.twitter.com/L5S1EG7t7a
— BATMAN ⚡ (@CryptosBatman) July 17, 2024
Decentralized AI aims to utilize blockchain technology to distribute ownership and control of AI services, enabling unrestricted access and greater transparency. This approach contrasts with the current AI environment, which is largely controlled by a small number of major companies.
The fund is available to accredited investors, offering a new avenue for those looking to diversify their portfolios with decentralized AI investments.
