As a seasoned researcher with extensive experience in the cryptocurrency and technology sectors, I am thrilled about Grayscale’s latest offering – the Decentralized AI Fund. With Grayscale being the largest global crypto asset manager, their entry into this emerging field is a clear indication of the potential for decentralized AI to disrupt the industry.
The largest global crypto asset manager, Grayscale Investments, has announced the establishment of Grayscale Decentralized AI Fund LLC.
The Grayscale fund is designed to give investors access to the decentralized AI technologies present in the cryptocurrency market. This fund, which undergoes quarterly rebalancing, holds a selection of crypto assets that are focused on artificial intelligence, including Bittorent (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR).
Rayhaneh Sharif-Askary, the Head of Product and Research at Grayscale, emphasized the fund’s promising prospects, explaining, “Since our founding in 2013, the emergence of game-changing technologies has presented lucrative investment possibilities for Grayscale’s clientele. The introduction of the Grayscale Decentralized AI Fund offers an exciting chance to be part of the decentralized artificial intelligence movement at its onset.”
I’m thrilled to share the news about our latest private placement investment offering – the Grayscale Decentralized AI Fund. This new product is now open to eligible accredited investors, and it includes investments in select decentralized artificial intelligence projects such as $NEAR, $RNDR, $FIL, $LPT, and $TAO. For more details about this opportunity or to discuss further, please refer to the important disclosures provided or feel free to reach out to our team members directly.— Grayscale (@Grayscale) July 17, 2024
Sharif-Askary highlighted the importance of blockchain technology in shaping decentralized, accessible, and transparent AI protocols. These principles offer potential solutions to mitigate risks linked to the widespread adoption of artificial intelligence.
Primary focus
As a crypto investor, I’m excited to share that the fund I’m involved in will be concentrating on three key areas within the realm of artificial intelligence (AI). Firstly, we’ll be dedicating resources towards creating decentralized AI services, such as chatbots and generative image systems.
In simpler terms, decentralized AI uses blockchain technology to give more people control and ownership over artificial intelligence systems. This means that access to these services isn’t limited, and there’s greater transparency. Unlike the present scenario where a few large corporations dominate the AI sector.
Accredited investors have access to this fund, providing them with an alternative opportunity to broaden their investment portfolios through decentralized artificial intelligence.
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2024-07-17 17:44