Grayscale Launches New Fund Focused on Decentralised AI Projects

Quick Take

Grayscale is launching The Grayscale Decentralized AI Fund LLC to invest in the intersection of AI and blockchain technology.

• The fund has already invested in Bittensor, Livepeer, Near, Filecoin, and Render with the latter three being the highest-weighted assets in the fund so far.
• The fund will also be targeting opportunities in AI chatbots and generative images, as well as fixing AI-related challenges like deep fakes, misinformation, and authenticating bots.

A New Fund for Decentralized Artificial Intelligence

Leading crypto asset manager, Grayscale, has launched the Grayscale Decentralized AI Fund LLC. The new fund targets opportunities at the intersection of artificial intelligence and blockchain technology.

The fund targets three key areas, including AI services (chatbots, generative images), fixing problems related to centralized AI use (deep fakes, misinformation, and authenticating bots), and developing AI-related infrastructure (GPU computation, data storage, decentralized marketplaces), among others.

Initial Investments and Funding

The fund has already backed various crypto projects including Bittensor, Livepeer, Near, Filecoin, and Render with the latter three being the highest-weighted assets in the fund so far.

Comment from Rayhaneh Sharif-Askary

As Grayscale’s head of product and research, Rayhaneh Sharif-Askary commented, “The rise of disruptive technologies has created compelling opportunities for Grayscale’s investors since our 2013 inception, and we believe the launch of the Grayscale Decentralized AI Fund provides an opportunity to invest in decentralized AI at its earliest phase.”

Oversight and Transparency

The Grayscale team feels that because blockchain-based AI protocols align with the principles of decentralization, accessibility, and transparency, they “can help mitigate the fundamental risks emerging alongside the proliferation of AI technology.”