New York, Tuesday, July 23, 2024 – Grayscale Investments, the world’s largest crypto asset manager announced on July 19 that it had launched the Grayscale Decentralized AI Fund.
Grayscale’s website on the Fund can be reached here.
This innovative offering allows accredited investors to tap into the cryptocurrency ecosystem’s burgeoning decentralized AI (DAI) sector.
The fund focuses specifically on protocols within the crypto space that are at the forefront of decentralized AI.
These protocols leverage blockchain technology to distribute ownership and control of AI services, aiming for increased transparency and accessibility compared to centralized models.
The fund’s holdings are rebalanced quarterly, with the initial basket including tokens from projects like Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR).
The company highlights the potential of decentralized AI to mitigate concerns surrounding the centralized control of AI technology.
These blockchain-based protocols promote decentralization, accessibility, and transparency, potentially offering a more secure and responsible approach to AI development.
The fund invests in three key categories of decentralized AI assets: protocols building user-facing AI services like chatbots and image generation tools; protocols tackling issues related to centralized AI, such as detecting bots, deepfakes, and misinformation; and infrastructure providers critical for AI development, including decentralized marketplaces for data storage, computing power, and rendering services.
