Grayscale Launches Decentralized AI Fund

Grayscale Investments, an asset management firm with $17 billion in assets, is launching a fund focused on companies at the intersection of artificial intelligence and crypto.

The Grayscale Decentralized AI Fund is available to accredited investors and aims to provide exposure to promising protocols within the AI and machine learning sectors. Grayscale has over 20 crypto-focused investment products, including a Bitcoin ETF.

The fund currently consists of Bittensor (TAO), Filecoin (FIL), Livepeer (LPT) ,Near (NEAR), and Render (RNDR), and Near (NEAR), with NEAR commanding the largest share of the allocation at 32.99%.

Grayscale will rebalance the fund on a quarterly basis, focusing on protocols that are developing decentralized AI services, protocols that are building solutions to centralized AI-related issues, and AI infrastructure.

The confluence between AI and blockchain is a hot topic in the current market, with AI related tokens boasting some of the largest gains over the last year. Bittensor and NEAR are both up over 300% in the last year, while Render and Livepeer are up over 250% in the same time period.