A new fund by Grayscale is designed to invest in crypto assets through decentralized AI.
Grayscale Investments is launching a decentralized AI fund, Grayscale Decentralized AI Fund, which will expose investors to AI-focused crypto assets. The fund offers investors access to decentralized AI through a clear structure.
Grayscale Investments, the largest global crypto asset manager, heralds the Grayscale Decentralized AI Fund LLC launch. This new fund shall grant investors access to decentralized AI protocols in the crypto space.
The Grayscale Decentralized AI Fund will hold a diversified portfolio of crypto assets focused on AI, including Bittensor, Filecoin, Livepeer, Near, and Render. This fund will be rebalanced quarterly to maintain an optimal asset mix.
Grayscale Snags Early-Stage AI Investment Opportunities
Rayhaneh Sharif-Askary, Grayscale’s Head of Product and Research, noted the fund’s potential: “Over the past decade since its inception in 2013, the rise of disruptive technologies has created compelling opportunities for Grayscale’s investors. We believe that the launch of the Grayscale Decentralized AI Fund is an opportunity to invest in decentralized AI at its earliest phase.”
Sharif-Askary elaborated that blockchain-based AI protocols bring decentralization, accessibility, and transparency, which can help mitigate risks associated with the proliferation of AI technology.
It will focus on three main areas: the development of decentralized AI services like chatbots and generative image systems, issues associated with centralized AI, such as deep fakes and misinformation with bot authentication, and lastly, building out AI-related infrastructure like GPU computation, data storage, and decentralized marketplaces.
Decentralized AI seeks to spread ownership and control of AI services through blockchain technology, providing long-term uncontrollable access with high process transparency.
In the existing artificial intelligence creation and diffusion environment, this would counter concentration by a few prominent companies. The Grayscale Decentralized AI Fund enables accredited investors to gain diversified exposure to decentralized AI investments.
