Grayscale is launching a new fund focused on decentralized AI, Grayscale Decentralized AI Fund LLC, to strengthen investment in AI in the cryptocurrency industry.
The fund will fund three key areas: AI services, solving problems associated with the use of centralized AI, and developing AI-related infrastructure.
As of today's launch, decentralized AI projects already included in the fund's basket include Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR).
Near, Filecoin, and Render are the most heavily weighted assets in the fund, respectively.
No wonder NEAR has been so popular recently!