News

Crypto AI: Grayscale launches its ad-hoc fund

JN
Jacqueline Nieder

3 min

Immagine Articolo Default

Grayscale has just announced its crypto AI fund. Find out what this innovative financial instrument consists of.

Grayscale has just announced its Decentralised AI Fund LLC. This brand-new investment fund will allow those who purchase it to gain exposure to the most important crypto protocols aiming to establish themselves in the artificial intelligence sector

What cryptos does this innovative fund consist of? What is Grayscale’s main goal, and what artificial intelligence problems could blockchain solve? Find out in this article.

Discover Crypto AI

Grayscale’s new crypto AI fund

Practically everyone knows Grayscale, mainly because it is the largest native crypto investment fund, the first to launch financial instruments on Ethereum and Bitcoin. For this reason, the news released in the past few hours is essential, given the ability of the team of this cutting-edge financial player to intercept new trends

The main problem with artificial intelligence, at least according to Grayscale, concerns the centralisation of the companies that control it

Few and far between are those who can offer products that can reach the masses, mainly due to the enormous amount of data they hold. As a solution to this problem, various decentralised AI protocols have emerged, aiming to make their processes even more innovative and intelligent. In particular, blockchain technology makes it possible to distribute the ownership and governance of AI services, thereby increasing transparency.

The cryptocurrencies that make up

For now, the information at our disposal tells us that The Grayscale Decentralised AI Fund will self-rebalance every quarter and will accommodate the following basket of cryptocurrencies:

Buy NEAR, RNDR and FIL

The team has yet to comment on possible future additions, but other cryptos will likely be added over time. Why did Grayscale choose these? Well, because they represent the three main categories of crypto AI around today:

  • Protocols that are building decentralised artificial intelligence services;
  • Projects that seek to solve the main problems encountered by AI platforms;
  • Infrastructure networks and resources required for technology development. For example, decentralised marketplaces for data storage, or those for exchanging GPU computing power and graphics rendering.


To conclude, we can quote the words of Rayhaneh Sharif-Askary, Head of Product & Research at Grayscale, who was mentioned in the press release through which the announcement was made. “The rise of these disruptive technologies has created exciting opportunities for investors, and we believe our crypto AI fund is a great way to invest in this emerging sector. Blockchain-based AI protocols embody the principles of decentralisation, accessibility and transparency and can potentially mitigate the fundamental risks emerging from the proliferation of this technology.”


Related Article

Altcoin Friday: 50% off on altcoin
Le meme coin su Solana e l’ascesa di Moonshot
department-government-efficiency-boosts-dogecoin-doge

Download the Young Platform app

Downaload From Google PlayStoreDownaload From Apple Store