Grayscale Unveils New Fund to Invest in Decentralized Artificial Intelligence

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Grayscale’s Decentralized AI Fund offers investors exposure to the burgeoning field of decentralized AI, targeting projects that address ethical concerns and build core infrastructure.

Grayscale Unveils New Fund to Invest in Decentralized Artificial Intelligence (2)

Grayscale Investments announced the launch of the Grayscale Decentralized AI Fund LLC, a new investment vehicle focused on decentralized artificial intelligence (AI) within the cryptocurrency space.

The fund aims to support the growth of AI in the crypto industry by financing projects in three key areas:

  • Decentralized AI services: This includes chatbots, generative images, and other emerging applications built on decentralized AI protocols.
  • Mitigating risks of centralized AI: The fund will invest in projects that address issues like deep fakes, misinformation, and bot authentication.
  • AI infrastructure development: This encompasses GPU computation, data storage, decentralized marketplaces, and other essential services for the AI ecosystem.

Investing in the Future of AI

The Grayscale Decentralized AI Fund includes tokens from established blockchain protocols like Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR). Notably, Near, Filecoin, and Render are the fund’s current top holdings.

“Since our founding in 2013, Grayscale has offered investors exposure to disruptive technologies,” said Rayhaneh Sharif-Askary, Grayscale’s Head of Product and Research. “The Grayscale Decentralized AI Fund provides an opportunity to invest in decentralized AI at its nascent stage. Blockchain-based AI protocols promote decentralization, accessibility, and transparency, and we believe they can mitigate the inherent risks associated with the proliferation of AI technology.”

This launch comes on the heels of Grayscale introducing a trust specifically for NEAR tokens in May 2024, providing investors with diversified crypto exposure.

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We hope this information will help you in your investment process, but this is not investment advice. Every investment carries risk, especially in this industry, so DYOR before making a decision.

ABOUT THE AUTHOR

Marc Chevalier is a British expert in cryptocurrency, artificial intelligence (AI), trading, and blockchain. He has deep knowledge of the real-world applications of these technologies in modern finance. Marc is passionate about analyzing emerging trends and explaining their impact on the future of digital currencies, financial trading, and global financial systems.

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