- A new Decentralized AI Fund for artificial intelligence crypto protocols has been introduced by Grayscale Investments.
A recent press release from Grayscale Investments states that the fund’s objective is to take advantage of the expansion of the artificial intelligence (AI) industry within the cryptocurrency ecosystem by exposing qualified investors to blockchain initiatives driven by AI.
Fresh Fund Aiming toward AI Cryptosystems
The fund will prioritize protocols including Render (RNDR), Bittensor (TAO), Livepeer (LPT), Near (NEAR), and Filecoin (FIL). It will use the decentralization, accessibility, and transparency features of blockchain technology and rebalance every three months.
Three primary areas will be targeted by the fund. First of all, it comprises protocols for creating decentralized artificial intelligence services like chatbots and picture production. Second, it will focus on protocols that address problems with AI, such as deepfakes and bots, and authenticity checks.
The fund will also make investments in crucial AI infrastructure, like decentralized systems for 3D rendering, GPU processing, and data storage.
The Grayscale Decentralized AI Fund consisted of different assets with different weightings as of July 16, 2024: Render (RNDR) at 24.86%, Bittensor (TAO) at 2.92%, Filecoin (FIL) at 30.59%, Livepeer (LPT) at 8.64%, Near (NEAR) at 32.99%, and Livepeer (LPT) at 8.64%.
Since Grayscale’s founding in 2013, the emergence of disruptive technologies has presented investors with attractive opportunities. According to Rayhaneh Sharif-Askary, Head of Product & Research at Grayscale, “We believe the launch of the Grayscale Decentralized AI Fund provides an opportunity to invest in Decentralized AI at its earliest phase.”
According to Sharif-Askary, the Grayscale team is convinced that the blockchain-based AI protocols, which uphold the values of decentralization, accessibility, and transparency, can assist in reducing the fundamental hazards associated with the widespread use of AI technology.
The Grayscale Dynamic Income Fund is launched
The Dynamic Income Fund (GDIF), a proof-of-stake investment fund for millionaires with a net worth of at least $2.2 million, was introduced by Grayscale in May.
In order to maximize profits, GDIF plans to take advantage of the growing proof-of-stake token ecosystem by putting dynamic methods into place. Profiting from the staking rewards produced by proof-of-stake digital assets is its primary objective.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
