🚀 Grayscale Launches AI Crypto Fund with 5 Tokens 🌐

While everyone waits for the Ethereum ETF, Grayscale has taken a significant step towards decentralized AI. 🎉 Grayscale, known for its crypto fund management, has launched the Grayscale Decentralized AI Fund LLC, investing in top AI crypto tokens. 🌟

💎 Token Selection

Initial token selection includes:

$TAO from Bittensor$FIL from Filecoin$LPT from Livepeer$RNDR from Render$NEAR from Near Protocol

This careful selection highlights the potential of these projects, although some notable cryptocurrencies have been excluded. 🤔

🚀 Performance and Objectives

The crypto AI sector has been one of the most prominent in 2023 and 2024. Grayscale seeks to bring these high-yield tokens to a broader audience, not through an ETF, but through a fund that trades outside of traditional exchanges, following his characteristic approach. 📈

📊 Selection Factors

Tokens are chosen based on several factors:

Protocols that develop decentralized AI services 🧠Solutions that address AI-related challenges 🛠️Critical infrastructure protocols for AI technology, such as data sharing, storage, GPU sharing, computing, rendering, and streaming services 💾🖥️

📉 Fund Composition

Currently, the fund includes:

$APR at 2.92%

$FIL at 30.59%

$LPT at 8.64%

$NEAR at 32.99%

$RNDR at 24.86%

Holdings will be rebalanced quarterly. 📅

🔍 Analysis and Expectations

This selection underscores Grayscale's visionary strategy, although it excludes projects such as $ASI, which includes $AGIX, $OCEAN and $FET, and ICP's efforts in AI. Future expansions could incorporate these assets. 🌐

🌟 Conclusion

This innovative move by Grayscale shows its commitment to leading the evolving landscape of cryptocurrency and artificial intelligence.

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