Grayscale Investments, the largest global crypto asset manager, has launched the Grayscale Decentralized AI Fund LLC. This new fund aims to give investors exposure to decentralized AI protocols in the crypto space.
The fund will rebalance quarterly and includes 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, emphasized that blockchain-based AI protocols can mitigate risks associated with AI technology.
The fund primarily targets three areas: developing decentralized AI services, addressing issues like deep fakes, and building AI-related infrastructure. Notably, Near (NEAR) is the largest holding in the fund.
Decentralized AI leverages blockchain to ensure transparency and accessibility, contrasting with the current AI landscape controlled by a few major companies. Accredited investors can diversify their portfolios with this new fund, highlighting Grayscale’s strategic move into decentralized AI.
