Grayscale, a prominent crypto asset manager, has launched the Grayscale Decentralized AI Fund on July 17. This new initiative offers investors a unique way to invest in AI coins without directly handling digital currencies.
The fund is a first-of-its-kind vehicle focused on decentralized AI protocols, incorporating five key AI-based tokens: Near Protocol (NEAR), Filecoin (FIL), Render (RNDR), Livepeer (LPT), and Bittensor (TAO). Each share in the fund reflects the combined value of these tokens, with specific weightages assigned to each.
As of July 16, the Net Asset Value (NAV) per share was $9.97. This strategic move comes amid the growing popularity of AI coins and aims to simplify the investment process for users.
Grayscale’s history of pioneering offerings in the crypto space, including a spot Bitcoin ETF and a forthcoming ETH ETF, underscores its leadership and innovation in the industry. The launch of this AI-focused fund could have significant implications for the future of decentralized AI investments.
