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Crypto Asset Manager Grayscale Investments Launches Grayscale Decentralized AI Fund
Crypto asset manager Grayscale Investments is debuting its new Grayscale Decentralized AI Fund that seeks to provide accredited investors exposure to protocols at the intersection of blockchain and artificial intelligence.
The fund is currently available only to eligible accredited investors, the firm noted in a press release.
Composition and Rebalancing
The new Grayscale fund focuses on a basket of decentralized artificial intelligence (AI) crypto protocols. As of July 16, the fund’s composition includes Near (NEAR) at 32.99%, Filecoin (FIL) at 30.59%, Render (RNDR) at 24.86%, Livepeer (LPT) at 8.64%, and Bittensor (TAO) at 2.92%.
To maintain relevance in the rapidly evolving crypto market, the fund will undergo quarterly rebalancing.
Targeted Categories
Grayscale said its new fund targets three primary categories of Decentralized AI assets, including protocols building decentralized AI services, ones that address centralized AI-related problems, and infrastructure and resources critical to AI technology development.
Quote from Grayscale’s Head of Product & Research
“The blockchain-based AI protocols embody the principles of decentralization, accessibility, and transparency, and the Grayscale team feels strongly that these protocols can help mitigate the fundamental risks emerging alongside the proliferation of AI technology,” said Grayscale’s Head of Product & Research, Rayhaneh Sharif-Askary.
Conclusion
The Grayscale Decentralized AI Fund is a significant development in the crypto space, offering accredited investors exposure to the rapidly growing field of decentralized AI protocols. With its focus on three primary categories of Decentralized AI assets, the fund is well-positioned to capture the potential of this emerging market.
FAQs
Q: What is the Grayscale Decentralized AI Fund?
A: The Grayscale Decentralized AI Fund is a new investment product from Grayscale Investments that seeks to provide accredited investors exposure to protocols at the intersection of blockchain and artificial intelligence.
Q: Who is eligible to invest in the fund?
A: The fund is currently available only to eligible accredited investors.
Q: What is the composition of the fund?
A: As of July 16, the fund’s composition includes Near (NEAR) at 32.99%, Filecoin (FIL) at 30.59%, Render (RNDR) at 24.86%, Livepeer (LPT) at 8.64%, and Bittensor (TAO) at 2.92%.
Q: How often will the fund be rebalanced?
A: The fund will undergo quarterly rebalancing to maintain relevance in the rapidly evolving crypto market.
