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Recently, Grayscale introduced Grayscale Decentralized AI Fund, a new digital asset fund focused on artificial intelligence (AI). This is the latest step by Grayscale, the famous fund management company, standing out after the largest spot Bitcoin ETF (GBTC).
Grayscale Decentralized AI Fund is structured to capture advancements in protocols at the intersection of blockchain and artificial intelligence. Access to the fund is limited to accredited investors.
Grayscale has invested in native tokens of AI protocols such as Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR), and plans to rebalance their holdings quarterly, according to the latest update.
Rayhaneh Sharif-Askary, Director of Product and Research at Grayscale, highlighted that blockchain-based AI protocols offer principles of decentralization, accessibility, and transparency. The Grayscale team believes these protocols can help mitigate inherent risks stemming from rapid AI technology advancements.
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