News
  • Zafar Naik
    author-profile

    Zafar Naik right arrow

    Author

    Zafar is a seasoned crypto and blockchain news writer with four years of experience. Known for accuracy, in-depth analysis, and a clear, engaging style, Zafar actively participates in blockchain communities. Beyond writing, Zafar enjoys trading and exploring the latest trends in the crypto market.

    • 2 minutes read

    Grayscale Launches Exclusive Decentralized AI Fund for Investors

    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. It includes tokens from Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR), aiming to capture the growth of AI within the crypto world.

    Grayscale tweet announcement of Decentralised AI Funds
    Source : X.com(Formerly Twitter)

    Decentralized AI on the Rise

    AI and blockchain are two of today’s most disruptive technologies. Grayscale’s new fund taps into their intersection. These protocols offer services like chatbots, image generation, authenticity checks, and decentralized data storage and GPU computation.

    Rayhaneh Sharif Askary, Grayscale’s head of product and research, emphasized these protocols’ potential to manage the risks of rapid AI advancement. She highlighted how blockchain-based AI protocols embody decentralization, accessibility, and transparency. Grayscale focuses on balancing risk while aiming for maximum returns.

    Inside the AI Crypto Basket

    The Grayscale Decentralized AI Fund is diversified across several promising protocols. Data on Grayscale website shows that as of July 16, the fund’s composition is: Near (NEAR) at 32.99%, Filecoin (FIL) at 30.59%, Render (RNDR) at 24.86%, Livepeer (LPT) at 8.64%, and Bittensor (TAO) at 2.92%.

    holding composition in grayscale decentralized AI funds
    Source : Grayscale Website

    Each token in this basket plays a unique role in the decentralized AI ecosystem. Bittensor, backed by Pantera Capital, 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, built on Solana, supplies the GPU power needed for intensive AI tasks.

    Grayscale’s Vision for the Future

    Barry Silbert, founder and CEO of Digital Currency Group, Grayscale’s parent company, expressed his excitement about the new fund on social media. He highlighted that Grayscale aims to leverage technology fully. This fund is part of a broader strategy to address AI development centralization by distributing ownership and governance through blockchain.

    This launch is just the start! It shows the growing interest in decentralized AI solutions. Other notable projects include Sentient, which raised $85 million for an open-source AI platform, and Sahara, building a decentralized AI network for autonomous knowledge agents. The SingularityNET ecosystem also announced a merger with Fetch.ai and Ocean Protocol, forming the Artificial Superintelligence Alliance.

    The Impact on AI and Crypto

    Grayscale’s new fund offers a unique investment opportunity and highlights the increasing synergy between AI and blockchain. As these technologies evolve, the potential for decentralized AI to democratize access and enhance transparency in AI services becomes clearer.

    With a net asset value (NAV) per share at $9.87 and the fund holding approximately $551,238.97, the Grayscale Decentralized AI Fund is set to attract significant attention from accredited investors looking to capitalize on the next wave of technological innovation.

    Read Also: Bitcoin Surges 11%: Is the Altcoin Season Finally Here?

    Show More

    Related Articles

    Back to top button