Introducing the Grayscale Decentralized AI Fund
Grayscale, renowned for its spot bitcoin ETF (GBTC), has unveiled a new investment opportunity targeting artificial intelligence-focused tokens. The Grayscale Decentralized AI Fund, catering to accredited investors, aims to capitalize on the growth of blockchain and AI convergence.
The fund’s portfolio includes tokens from prominent crypto AI protocols such as Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR). Grayscale plans to adjust its holdings quarterly to optimize returns and adapt to market dynamics.
Following the fund’s launch, the token prices experienced an immediate uptick, with gains ranging from 1% to 3% within the hour, as reported by CoinGecko.
Rayhaneh Sharif-Askary, Grayscale’s head of product and research, expressed confidence in the blockchain-based AI protocols. She emphasized that these technologies uphold values like decentralization, accessibility, and transparency, offering solutions to the evolving risks associated with AI advancements.
The intersection of blockchain and AI presents exciting possibilities for innovation and efficiency across various industries. By investing in decentralized AI protocols, Grayscale is at the forefront of capturing this potential growth and supporting groundbreaking technologies.