Grayscale Decentralized AI Fund Promises Exposure to the Growing Sector of Decentralized Artificial Intelligence (AI) Protocols

Grayscale Investments is making headlines with their new offering, the Grayscale Decentralized AI Fund. Before diving into the details, excited investors should note that this new fund is only for accredited investors. This fund promises exposure to the growing sector of decentralized artificial intelligence (AI) protocols.

Grayscale Investments has announced the launch of the Grayscale Decentralized AI Fund, an offering that provides exposure to the emerging sector of decentralized artificial intelligence (AI) protocols. The fund, which is now available for subscription, will include tokens from Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR).

The fund is designed to capture the growth of AI within the crypto world. As two of today's most disruptive technologies, AI and blockchain intersect in these protocols, which offer services ranging from chatbots and image generation to authenticity checks, decentralized data storage and GPU computation.

“These protocols are well-positioned to help manage the risks of rapid AI advancement,” said Rayhaneh Sharif Askary, Grayscale's head of product and research, in a statement. “We believe that decentralized AI protocols have the potential to embody the ethos of crypto—decentralization, accessibility, and transparency.”

Grayscale aims to strike a balance between risk and reward, striving for maximum return within an acceptable level of risk. The fund, which is benchmarked against the Grayscale AI Index, will be rebalanced on a quarterly basis to maintain optimal exposure to the top decentralized AI protocols.

Data on the Grayscale website shows that the fund's composition is as follows, as of July 16:

Each token in this basket plays a unique role in the decentralized AI ecosystem. Backed by Pantera Capital, Bittensor offers a marketplace for AI models. Filecoin provides decentralized storage for AI training datasets. Livepeer enhances video streaming quality and transcodes videos on the Ethereum blockchain. Render, which is built on Solana, supplies the GPU power needed for intensive AI tasks.

“We're excited to announce the launch of the Grayscale Decentralized AI Fund, which will offer investors exposure to a basket of decentralized AI protocols,” said Sharif Askary. “This fund is part of our broader strategy to address the centralization of AI development and ownership by distributing it through blockchain technology.”

Grayscale's parent company, Digital Currency Group, is also heavily involved in the development of AI technology. The company's founder and CEO, Barry Silbert, took to social media to express his enthusiasm for the new fund.

“Grayscale is fully embracing technology to offer new investment products,” wrote Silbert on Twitter. “This fund is part of a broader strategy to address the centralization of AI development and ownership, distributing it through blockchain.”

The launch of the Grayscale Decentralized AI Fund is a significant event that highlights the growing interest in decentralized AI solutions. Other notable projects in this space include Sentient, which recently raised $85 million for an open-source AI platform, and Sahara, which is building a decentralized AI network for autonomous knowledge agents.

In another development, the SingularityNET ecosystem has announced a merger with Fetch.ai and Ocean Protocol, forming the Artificial Superintelligence Alliance, a move that aims to accelerate the development of beneficial decentralized AI.

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