Grayscale Introduces Grayscale Decentralized AI Funds

Grayscale, the world’s largest crypto asset manager, recently introduced a new decentralized fund for Artificial Intelligence (AI) tokens. The new funds will give investors exposure to decentralized AI protocols and top cryptocurrencies within the ecosystem. 

Grayscale AI Fund to Infuse AI-focused Crypto Assets 

This new Grayscale fund, which will be adjusted every quarter, consists of a collection of crypto assets focused on AI. These include Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR).

We’re pleased to announce the launch of our newest private placement investment product, Grayscale Decentralized AI Fund. Available to eligible accredited investors.$NEAR $RNDR $FIL $LPT $TAO

See important disclosures or speak directly to a team member: https://t.co/gYetdms280 pic.twitter.com/OvNhec95io

— Grayscale (@Grayscale) July 17, 2024

Rayhaneh Sharif-Askary, Grayscale’s Head of product and research mentioned that the AI fund will be accessible to accredited investors only. He added that the AI protocol is built on a secured blockchain network. 

This has led the developers to affirm that these protocols can aid in reducing the inherent risks that come with the increasing use of AI technology.

This innovative technology came after top economist Alex Kruger recently called on corporate firms to start investing in AI technology. His wake up call is based on his prediction that Artificial General Intelligence (AGI) innovation will go mainstream by 2027. 

Massive Growth Pattern of AI Technology 

The emergence of this groundbreaking technology has presented exciting prospects for crypto enthusiasts, investors and digital technologies. The positive stance surrounding AI is due to its potential to revolutionize various industries and improve efficiency in tasks.

During the World Top Fintech companies award held recently, it was unsurprising that AI was the theme of the event. This is because it is widely adopted by fintech companies such as Robinhood. 

Notably, AI firms have been making incredible progress in developing innovative technologies and solutions to enhance various aspects of human lives, crypto industries and the Web3 World. 

In May, OpenAI, the ChatGPT creator, unleashed an innovative AI model, GPT-4o (omni) designed to revolutionize human-computer interaction. 

On top of that, the AI firm shocked the entire tech world recently with its latest innovation called Strawberry. This new model was designed to perform human-like activities.

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