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Grayscale Investments has introduced a new Decentralized AI Fund focused on artificial intelligence crypto protocols.
As stated in a recent press release from Grayscale Investments, the fund is designed to harness growth within the AI sector of the crypto landscape, offering accredited investors access to AI-oriented blockchain initiatives.
New Fund Concentrating on AI Crypto Protocols
The fund will concentrate on protocols such as Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR). It will undergo quarterly rebalancing and seeks to utilize the principles of decentralization, accessibility, and transparency inherent in blockchain technology.
The fund will focus on three primary categories. Firstly, it encompasses protocols that are developing decentralized AI services, including chatbots and image generation. Secondly, it will target protocols addressing AI-related challenges, such as authenticity verification against bots and deepfakes.
Additionally, the fund will invest in critical AI infrastructure, including decentralized platforms for data storage, GPU computation, and 3D rendering.
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As of July 16, 2024, the Grayscale Decentralized AI Fund consisted of various assets with designated weightings: Bittensor (TAO) at 2.92%, Filecoin (FIL) at 30.59%, Livepeer (LPT) at 8.64%, Near (NEAR) at 32.99%, and Render (RNDR) at 24.86%.
“The emergence of disruptive technologies has generated significant opportunities for Grayscale’s investors since our inception in 2013, and we believe that the introduction of the Grayscale Decentralized AI Fund offers a chance to invest in Decentralized AI at its nascent stage,” remarked Grayscale’s Head of Product & Research Rayhaneh Sharif-Askary.
“The blockchain-based AI protocols reflect the principles of decentralization, accessibility, and transparency, and the Grayscale team is confident that these protocols can assist in alleviating the fundamental risks that arise with the growth of AI technology,” noted Sharif-Askary.
Grayscale Launches Dynamic Income Fund
In May, Grayscale unveiled the Dynamic Income Fund (GDIF), a proof-of-stake investment fund aimed at millionaire investors with a net worth of at least $2.2 million.
GDIF seeks to capitalize on the growing proof-of-stake token ecosystem, employing dynamic strategies to enhance returns. Its primary objective is to take advantage of the staking rewards produced by proof-of-stake digital assets.
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