DeFi
Grayscale Launches Decentralized AI Fund
The fund will provide accredited investors with exposure to the DeFi artificial intelligence sector.
Grayscale Investments, an asset management firm with $17 billion in assets, is launch a fund focused on companies at the intersection of artificial intelligence and crypto.
The Grayscale Decentralized AI Fund is available to accredited investors and aims to provide exposure to promising protocols in the AI and machine learning sectors. Grayscale offers over 20 crypto-focused investment products, including a Bitcoin ETF.
The fund currently consists of Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR) and Render (RNDR), and Near (NEAR), with NEAR holding the largest share of the allocation at 32.99%.
Grayscale will rebalance the fund on a quarterly basis, focusing on protocols that develop decentralized AI services, protocols that build solutions to centralized AI challenges, and AI infrastructure.
THE confluence The relationship between AI and blockchain is a hot topic in today’s market, with AI-related tokens seeing some of the biggest gains over the past year. Bittensor and NEAR are both up over 300% over the past year, while Render and Livepeer are up over 250% over the same period.