Grayscale’s New Decentralized AI Fund
Grayscale, the asset manager known for its Bitcoin trust, has launched a new investment fund focusing on decentralized artificial intelligence (AI) in the cryptocurrency sector. The fund, named “Grayscale Decentralized AI Fund LLC,” will invest in projects that are building the future of AI on blockchains.
What’s Included?
The fund’s initial investments include:
* **Bittensor (TAO):** [https://www.bittensor.com/](https://www.bittensor.com/) A decentralized AI network that uses blockchain technology to train and run AI models.
* **Filecoin (FIL):** [https://filecoin.io/](https://filecoin.io/) A decentralized storage network that uses blockchain technology to store data.
* **Livepeer (LPT):** [https://livepeer.org/](https://livepeer.org/) A decentralized video transcoding network that uses blockchain technology to process video.
* **Near (NEAR):** [https://near.org/](https://near.org/) A blockchain platform designed to be developer-friendly and scalable.
* **Render (RNDR):** [https://render.network/](https://render.network/) A decentralized rendering network that uses blockchain technology to process 3D graphics.
Why Decentralized AI?
Grayscale believes that blockchain technology can help mitigate the risks associated with centralized AI systems, such as data privacy breaches, bias, and lack of transparency. Decentralized AI protocols are designed to be more secure, accessible, and transparent.
The fund will invest in projects across three key areas:
* **Decentralized AI Applications:** This includes projects like chatbots, generative image models, and other AI applications built on blockchains.
* **Solving Centralized AI Problems:** This includes projects that address challenges such as deepfakes, disinformation, and authentication bots.
* **AI Infrastructure:** This includes projects that develop the underlying infrastructure for decentralized AI, such as GPU computing, data storage, and decentralized marketplaces.
While the fund’s asset allocation may change over time, it represents an exciting new development in the intersection of AI and blockchain technology. Grayscale’s move suggests that institutional investors are increasingly interested in decentralized AI, and it could be a sign of things to come in the rapidly evolving world of AI.
