According to TechFlow, Grayscale announced the official establishment of Grayscale Decentralized AI Fund LLC, a new decentralized AI fund company, to promote AI investment in the cryptocurrency industry. It is reported that the fund company will fund three key areas: artificial intelligence services, solving problems related to the use of centralized artificial intelligence, and developing infrastructure related to artificial intelligence.

The first projects included in the fund include Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR) and Render (RNDR). Rayhaneh Sharif-Askary, head of product and research at Grayscale, said the fund embodies the principles of decentralization, accessibility and transparency, which will help mitigate the risks brought by AI technology.