The prominent crypto asset manager announced the launch of the Grayscale Decentralized AI Fund LLC on July 17th, which aims to offer investors exposure to protocols in the rapidly evolving artificial intelligence sector within the crypto ecosystem.
The fund will rebalance quarterly and currently features a basket of decentralized artificial intelligence (AI) crypto protocols, such as Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR).
Grayscale’s New Decentralized AI Fund
Grayscale’s Head of Product & Research, Rayhaneh Sharif-Askary, highlighted that the latest launch of the Grayscale Decentralized AI Fund will provide an opportunity to invest in Decentralized AI at its earliest phase. The exec went on to add that,
“The blockchain-based AI protocols embody the principles of decentralization, accessibility, and transparency, and the Grayscale team feels strongly that these protocols can help mitigate the fundamental risks emerging alongside the pr
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