Grayscale launches AI-focused crypto fund | Headlines | News | CoinMarketCap

07/17/2024 21:41
Grayscale launches AI-focused crypto fund | Headlines | News | CoinMarketCap

Grayscale Investments, the largest global crypto asset manager, has introduced the Grayscale Decentralized AI Fund LLC. The Grayscale fund aims to …

Grayscale Investments, the largest global crypto asset manager, has introduced the Grayscale Decentralized AI Fund LLC.

The Grayscale fund aims to provide investors with exposure to decentralized artificial intelligence (AI) protocols within the crypto space. The fund, which will rebalance quarterly, includes a grouping of AI-focused crypto assets such as Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR).

Rayhaneh Sharif-Askary, Grayscale’s Head of Product and Research, highlighted the fund’s potential, stating, “The rise of disruptive technologies has created compelling opportunities for Grayscale’s investors since our 2013 inception. We believe the launch of the Grayscale Decentralized AI Fund provides an opportunity to invest in decentralized AI at its …

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