Grayscale Investments launches fund focused on AI products in the blockchain space

Date: 2024-07-18 Author: Henry Casey Categories: BLOCKCHAIN
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Grayscale Investments announced the launch of a new investment fund - Grayscale Decentralized AI Fund. This fund is aimed at supporting and developing decentralized projects at the intersection of artificial intelligence and blockchain technologies.

Main goals and structure of the fund

The Grayscale Decentralized AI Fund is designed to invest in projects that leverage the capabilities of both AI and blockchain technologies. The fund's announcement states that it will be rebalanced quarterly to ensure optimal asset allocation.

“The rise of disruptive technologies has created compelling opportunities for Grayscale investors since our founding in 2013, and we believe the launch of the Grayscale Decentralized AI Fund will enable early-stage investment in decentralized AI,” said Rayhane Sharif, head of product and research at the company. Askari.

At the initial stage, the fund includes tokens of the following projects: Bittensor, Filecoin, Livepeer, NEAR Protocol and Render. It is important to note that more than 57% of the fund's assets are allocated between NEAR Protocol and Render (RNDR), which underscores the importance of these projects within the fund's strategy.

Investment categories of the fund

The fund will invest in projects belonging to the following categories:

- Chatbots and neural networks: Development of decentralized software solutions based on AI.
- Fundamental industry problems: Products aimed at identifying and eliminating problems such as deepfakes.
- AI infrastructure: Support projects that create the basis for decentralized AI.

Availability and terms of the fund

The Grayscale Decentralized AI Fund will be available exclusively to accredited investors. Information about the size of the commission and other conditions has not yet been disclosed.

Grayscale Investments has previously launched trusts focused on investments in the Stacks and NEAR Protocol projects, demonstrating its commitment to supporting innovative blockchain initiatives.

The launch of the Grayscale Decentralized AI Fund underscores Grayscale Investments' commitment to remaining at the forefront of blockchain and artificial intelligence innovation. The new fund offers accredited investors the opportunity to participate in the development of cutting-edge technologies that could significantly change the industry in the near future.
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