Grayscale Grayscale launches decentralized AI fund
Greyscale announced on Wednesday, July 17th the launch of Greyscale Decentralized AI Fund LLC.
The fund will initially have Near Protocol (NEAR), Filecoin (FIL), Bittensor (TAO), Livepeer (LPT) and Render (RNDR).
Grayscale has officially launched the Greyscale Decentralized AI Fund, which offers exposure to top cryptocurrencies in the Artificial Intelligence (AI) sector.
The fund will focus on AI areas such as chatbots and image generation, data warehousing, GPU computing and 3D rendering.
Close, RNDR and TAO among the initial fund tokens
Grayscale announced that the first crypto investments will be close to the protocol at 32.99%, Filecoin (FIL) 30.59%, Bittensor (TAO) 2.92%, Livepeer (LPT) 8.64% and Render (RNDR) 24.86%. Greyscale adjusts the new fund quarterly.
“Since our 2013 launch, the rise of disruptive technologies has created compelling opportunities for Grayscale investors, and we believe the launch of the Grayscale Decentralized AI Fund provides an opportunity to invest in early-stage decentralized AI.” Production and research, he said.
According to Sharif-Askari, these AI-related protocols bring forward the key principles of decentralization, accessibility and transparency. Given these characteristics, the protocols have the potential to mitigate fundamental risks as the world grapples with the proliferation of artificial intelligence technology.
Greyscale's AI Fund will only be available to qualified accredited investors.
The AI crypto ecosystem is currently a $30 billion market and has other top AI tokens such as Internet Computer (ICP), Artificial Superintelligence Alliance (FET) and The Graph (GRT).
Akash Network (AKT) and AIOZ Network (AIOZ) also fall into the category of AI-based crypto projects.
