Grayscale launches decentralized AI fund, targeting emerging technology investments
Grayscale, a well-known crypto asset management company, announced yesterday (7/17) the launch of a new decentralized artificial intelligence (AI) fund - Grayscale Decentralized AI Fund LLC. The fund aims to promote AI investments in the cryptocurrency industry and will be adjusted quarterly.
According to news released by Grayscale, the fund has included five decentralized AI projects: Bittensor ($TAO), Filecoin ($FIL), Livepeer ($LPT), Near ($NEAR) and Render ($RNDR). Among them, Near, Filecoin and Render are the assets with the highest weight in the fund.
Image source: Grayscale decentralized AI fund holdings
Rayhaneh Sharif-Askary, Grayscale’s head of product and research, said: “Since its inception in 2013, the rise of disruptive technologies has brought compelling opportunities to Grayscale’s investors. We believe the launch of Grayscale Decentralized AI Fund will provide Investing in decentralized AI provides an early-stage opportunity.” She also emphasized that blockchain-based AI protocols embody the principles of decentralization, accessibility, and transparency, and the Grayscale team firmly believes that these protocols can help alleviate AI. Fundamental risks posed by the spread of technology.
Three major investment industries: applications, problem solving and infrastructure
Grayscale’s decentralized AI fund will focus on investing in three major industries:
Decentralized AI applications: including chatbots, image generation and other applications.
Solve centralized AI problems: such as verification robots, combating false information and deep fake technology.
AI infrastructure: Covers GPU computing, data storage, decentralized markets and other services.
The launch of the fund comes amid a surge in global interest in AI and blockchain technology. With the development of decentralized technology, investors are paying increasing attention to these emerging technologies. Grayscale said that these technologies not only have the potential to subvert traditional industries, but also bring long-term diversified benefits to investors.
In addition to the Grayscale Decentralized AI Fund, Grayscale also launched a NEAR-focused trust fund in May this year so that investors can better diversify their crypto asset allocations. Grayscale NEAR Trust was trading at $9.28 as of July 17, up 0.11% in the past 24 hours.
Grayscale’s market position and future prospects
As one of the world's largest crypto asset management companies, Grayscale has always played an important role in the cryptocurrency market. Its Bitcoin spot ETF (Grayscale Bitcoin Trust) is the second largest Bitcoin spot ETF after BlackRock IBIT, with total assets under management reaching $17.63 billion.
Source: Grayscale GBTC Fund Information
The launch of Grayscale’s decentralized AI fund symbolizes the company’s further expansion of its investment scope, aiming to seize the huge opportunities brought by the integration of AI and blockchain. As these new technologies continue to develop, Grayscale’s move will undoubtedly provide investors with more diversified investment options and provide solid support for the popularization and application of AI technology.
Rayhaneh Sharif-Askary emphasized: "Decentralized AI protocols embody the principles of decentralization, accessibility and transparency. We firmly believe that these protocols can help mitigate the risks caused by the spread of AI technology." As the fund expands With gradual advancement, investors will have the opportunity to participate in the development of this emerging industry and obtain considerable returns from future technological innovations.
