Grayscale launches AI-focused crypto fund

Grayscale Investments, the world’s largest crypto asset manager, has introduced the Grayscale Decentralized AI Fund LLC.

The Grayscale fund aims to provide investors with exposure to decentralized artificial intelligence (AI) protocols in the crypto space. The fund, which will be rebalanced quarterly, includes a group of AI-focused crypto assets such as Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR).

Rayhaneh Sharif-Askary, Head of Product and Research at Grayscale, highlighted the fund’s potential, saying: “The rise of disruptive technologies has created compelling opportunities for Grayscale investors since our founding in 2013. We believe the launch of the Grayscale Decentralized AI Fund provides an opportunity to invest in decentralized AI at its earliest stage.”

Sharif-Askary emphasized that blockchain-based AI protocols embody the principles of decentralization, accessibility, and transparency, and can therefore help reduce the risks associated with the proliferation of AI technology.

Primary focus

The fund will focus on three key areas: developing decentralized AI services such as chatbots and generative vision systems; addressing centralized AI-related issues such as deep fakes, misinformation, and bot authentication; and building AI-related infrastructures such as GPU computing, data storage, and decentralized marketplaces.

Grayscale, the world’s largest crypto asset manager, has launched a new Decentralized AI Fund to provide investors with an entry into the artificial intelligence sector.

The fund includes: $CLOSE, $VERB, $RNDR, $LPTAnd $TAO – With $CLOSE as the largest holding company.

It doesn’t get more optimistic than this! 🔥 pic.twitter.com/L5S1EG7t7a

— BATMAN ⚡ (@CryptosBatman) July 17, 2024

Decentralized AI aims to use blockchain technology to distribute ownership and control of AI services, providing unrestricted access and greater transparency. This approach contrasts with the current AI landscape, which is largely controlled by a small number of large companies.

The fund is open to accredited investors and offers a new way for those looking to diversify their portfolios with decentralized AI investments.