Grayscale Investments launches a decentralized AI fund, opening up investment opportunities in blockchain-based artificial intelligence (AI) protocols to professional investors.
The Grayscale Decentralized AI Fund is designed to provide professional investors with a way to capture the growth of AI protocols in the cryptocurrency ecosystem.
As of July 17, the fund includes projects such as bittensor (TAO) – 2.92%, Filecoin (FIL) – 30.59%, Livepeer (LPT) – 8.64%, near (NEAR) – 32 .99% and render (RNDR) – 24.86%, each weighted differently to balance risk and potential return.
Grayscale said the initiative reflects the company's consistent strategy of leveraging disruptive technologies, which it believes can mitigate risks emerging alongside advances in AI.
“I'm pretty excited about Grayscale's new AI fund,” Barry Silbert, founder and CEO of Digital Currency Group, Grayscale's parent company, told X.
Decentralized AI protocols aim to counter the centralization of AI development dominated by a small number of large companies. By leveraging blockchain technology, these protocols disperse ownership and governance, increase transparency, and enable unlimited access to AI services.
The fund targets three main areas including AI services, solutions for centralized AI-related problems, and critical infrastructure for AI development.
Grayscale's net asset value (NAV) per share on July 17 is $9.87, with 55,300 shares outstanding. According to Grayscale's announcement on Wednesday afternoon, the AI-related fund holds approximately $551,238.97 in value. Each share represents 0.52782725 NEAR, 0.66718612 FIL, 0.37947447 RNDR, 0.05531629 LPT and 0.00095611 TAO.
Follow 24h News to not miss any of the latest developments about blockchain at the Blockchain Popularization Forum.
