Grayscale Investments, the world’s largest crypto asset manager, has launched the Grayscale Decentralized AI Fund LLC. This new fund is designed to give investors exposure to decentralized artificial intelligence (AI) protocols within the crypto space.
Fund Composition and Objectives
The Grayscale Decentralized AI Fund will rebalance quarterly and includes a diverse group of AI-focused crypto assets such as Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR). Rayhaneh Sharif-Askary, Grayscale’s Head of Product and Research, expressed the fund’s potential:
“The rise of disruptive technologies has created compelling opportunities for Grayscale’s investors since our 2013 inception. We believe the launch of the Grayscale Decentralized AI Fund provides an opportunity to invest in decentralized AI at its earliest phase.”
Decentralization and Transparency
Sharif-Askary emphasized that blockchain-based AI protocols embody principles of decentralization, accessibility, and transparency. These principles can help mitigate risks associated with the rapid development and proliferation of AI technology.
Primary Focus Areas
The fund will concentrate on three key areas:
- Developing Decentralized AI Services: This includes chatbots and generative image systems that operate on decentralized networks.
- Addressing Centralized AI Issues: The fund aims to tackle problems such as deep fakes, misinformation, and bot authentication that are prevalent in centralized AI systems.
- Building AI-Related Infrastructure: This involves enhancing GPU computation, data storage, and creating decentralized marketplaces for AI services.
Decentralized AI seeks to use blockchain technology to distribute ownership and control of AI services, offering unrestricted access and increased transparency. This approach stands in contrast to the current AI landscape, which is predominantly controlled by a few major companies.
Investment Opportunities
The fund is available to accredited investors, providing a new avenue for those looking to diversify their portfolios with investments in decentralized AI. This move by Grayscale underscores the growing interest and potential in integrating AI with blockchain technology, presenting innovative opportunities for forward-thinking investors.
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