News

Grayscale Launches "Cryptocurrency Fund for Investing in AI-Related Tokens" | NEAR, FIL, and More

On July 17, 2024, Grayscale unveiled its new AI-focused cryptocurrency fund, Grayscale Decentralized AI Fund LLC, targeting tokens such as NEAR, FIL, and RNDR.

This innovative fund is designed for qualified investors and aims to harness the potential of AI-related protocols within the crypto industry.

Explore how this fund is categorized, its current portfolio composition, and the perspectives shared by Grayscale's leadership on the role of blockchain in advancing AI technologies.

Introduction to Grayscale Decentralized AI Fund LLC

On July 17, 2024, the US digital asset management company Grayscale announced the launch of an AI-focused cryptocurrency fund, "Grayscale Decentralized AI Fund LLC," dedicated to investing in AI-related tokens.

The Grayscale Decentralized AI Fund LLC is a cryptocurrency fund aimed at qualified investors, focusing on AI-related protocols within the cryptocurrency industry. As of the announcement, the fund targets five specific tokens: TAO, FIL, LPT, NEAR, and RNDR.

Portfolio Composition as of July 16, 2024

The portfolio's composition as of July 16, 2024, is reported as follows, with rebalancing of assets to be conducted quarterly:

  • Near (NEAR): 32.99%
  • Filecoin (FIL): 30.59%
  • Render (RNDR): 24.86%
  • Livepeer (LPT): 8.64%
  • Bittensor (TAO): 2.92%

Categories of Decentralized AI Assets

The fund classifies decentralized AI assets into three main categories:

  1. Protocols for Building Decentralized AI Services (e.g., chatbots, image generation services)
  2. Protocols Addressing Issues Related to Centralized AI (e.g., bots, deepfakes, misinformation reliability checks)
  3. Infrastructure and Resources Essential for AI Technology Development (e.g., data storage, GPU computation, 3D rendering, decentralized marketplaces for streaming services)

Rayhaneh Sharif-Askary, Head of Product & Research at Grayscale, commented in the official announcement: "Blockchain-based AI protocols embody the principles of decentralization, accessibility, and transparency.

We believe these protocols will help mitigate fundamental risks associated with the proliferation of AI technologies."

Related article
Grayscale Launches Crypto Investment Trust "GDIC" Focused on Staking-Related Stocks

Unveiling Grayscale's Dynamic Income Fund (GDIC): A groundbreaking investment trust diving into the realm of staking rewards with a portfolio emphasizing OSMO, SOL, and DOT. Ideal for savvy investors looking to capitalize on the burgeoning Proof of Stake (PoS) cryptocurrency landscape.

続きを見る

-News
-