The crypto asset manager is launching a new fund focusing on decentralized artificial intelligence. 

The Grayscale Decentralized AI Fund LLC, which will rebalance quarterly, aims to bolster investment endeavors regarding AI in the cryptocurrency industry, according to a release shared with The Block. Decentralized AI projects already included in the fund's basket as of today's launch are Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR). Near, Filecoin and Render are, respectively, the top-weighted assets in the fund. 

The release continues that the fund will focus on financing projects in three areas: chatbots, generative images and other decentralized AI uses; addressing centralized AI problems like deep fakes, misinformation and …