Grayscale Launches Decentralized AI Fund
Grayscale Investments, a leading digital asset manager, has expanded its portfolio with the launch of the Decentralized AI Fund. This new fund is targeting AI protocols within the cryptocurrency space, providing accredited investors with exposure to the emerging intersection of AI and blockchain technology.
The fund invests in a select group of protocols, including:
* **Bittensor (TAO)**: A decentralized AI network that allows for the development and deployment of AI models. [Link to Bittensor website](https://www.bittensor.com/)
* **Filecoin (FIL)**: A decentralized storage network that uses blockchain technology to incentivize users to store data. [Link to Filecoin website](https://filecoin.io/)
* **Livepeer (LPT)**: A decentralized video transcoding network that leverages blockchain technology to enable efficient and cost-effective video streaming. [Link to Livepeer website](https://livepeer.org/)
* **Near (NEAR)**: A decentralized application platform that uses a proof-of-stake consensus mechanism to ensure security and scalability. [Link to Near website](https://near.org/)
* **Render (RNDR)**: A decentralized 3D rendering network that connects users with idle GPU resources. [Link to Render website](https://render.com/)
The Decentralized AI Fund seeks to capitalize on the potential of decentralized, accessible, and transparent blockchain technology in the AI sector. It aims to provide exposure to protocols developing decentralized AI services, addressing AI-related challenges, and providing essential AI infrastructure. This includes applications ranging from chatbots and image generation to combating deepfakes and bots, as well as decentralized platforms for data storage, GPU computation, and 3D rendering.
As of July 16, 2024, the fund’s asset allocation was as follows:
* **Near (NEAR):** 32.99%
* **Filecoin (FIL):** 30.59%
* **Render (RNDR):** 24.86%
* **Livepeer (LPT):** 8.64%
* **Bittensor (TAO):** 2.92%
Grayscale believes that this fund offers an opportunity to invest in Decentralized AI at its earliest phase, emphasizing the potential of blockchain-based AI protocols to mitigate risks associated with the proliferation of AI technology.
