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Gulf Press > Uncategorized > Grayscale launches decentralized AI fund for AI crypto protocols
Uncategorized

Grayscale launches decentralized AI fund for AI crypto protocols

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Last updated: 2024/07/18 at 12:42 AM
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Grayscale Investments recently launched a new Decentralized AI Fund targeted towards accredited investors looking to capitalize on the growth of AI within the crypto ecosystem. The fund will focus on AI crypto protocols such as Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR), offering exposure to decentralized AI services, protocols solving AI-related issues, and essential AI infrastructure. The fund will rebalance quarterly and aims to leverage blockchain’s principles of decentralization, accessibility, and transparency.

As of July 16, 2024, the Grayscale Decentralized AI Fund comprised various assets with specific weightings. Grayscale’s Head of Product & Research, Rayhaneh Sharif-Askary, stated that the rise of disruptive technologies has created compelling opportunities for investors since the company’s inception in 2013. They believe that the launch of the Decentralized AI Fund provides an opportunity to invest in Decentralized AI at its earliest phase and that blockchain-based AI protocols can help mitigate the risks emerging alongside the proliferation of AI technology.

In addition to the Decentralized AI Fund, Grayscale launched the Dynamic Income Fund (GDIF) in May, targeting millionaire investors with a net worth of at least $2.2 million. The GDIF is a proof-of-stake investment fund that aims to leverage the expanding proof-of-stake token ecosystem by implementing dynamic strategies to optimize returns. The fund’s main goal is to capitalize on the staking rewards generated by proof-of-stake digital assets, providing investors with exposure to this growing sector of the crypto market.

Overall, Grayscale Investments continues to expand its offerings to cater to the evolving needs of investors in the crypto space. The launch of the Decentralized AI Fund and the Dynamic Income Fund demonstrates the company’s commitment to providing innovative and diverse investment opportunities for accredited and millionaire investors. By targeting emerging sectors within the crypto ecosystem, Grayscale aims to stay at the forefront of the industry and offer investors access to potentially high-growth opportunities in decentralized AI and proof-of-stake assets.

Investors interested in gaining exposure to the AI sector within the crypto ecosystem may consider the Grayscale Decentralized AI Fund as a way to invest in blockchain-based AI protocols. With a focus on decentralization, accessibility, and transparency, the fund offers a unique opportunity to capitalize on the intersection of AI and blockchain technologies. By rebalancing quarterly and targeting key areas of AI development, the fund provides investors with a diversified portfolio of AI crypto protocols, enabling them to participate in the growth potential of this innovative sector.

In conclusion, the launch of the Grayscale Decentralized AI Fund and the Dynamic Income Fund by Grayscale Investments underscores the company’s commitment to providing investors with access to emerging sectors within the crypto market. With a focus on AI crypto protocols and proof-of-stake assets, these funds offer accredited and millionaire investors the opportunity to capitalize on disruptive technologies and evolving trends in the blockchain space. As the crypto market continues to evolve, Grayscale remains at the forefront of innovation, offering diverse investment opportunities for investors looking to participate in the growth of decentralized AI and proof-of-stake assets.

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News Room July 18, 2024
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