Crypto asset supervisor Grayscale is launching a brand new fund centered on decentralized synthetic intelligence tasks, based on a July 17 assertion.
The Grayscale Decentralized AI Fund LLC fund goals to offer buyers entry to the rising AI sector throughout the crypto ecosystem. The fund will rebalance quarterly and embrace varied AI crypto protocols, together with Bittensor, which makes up 2.92% of the fund, and Filecoin at 30.59%.
Different belongings within the fund embrace Livepeer, which includes 8.64% of the fund, NEAR at 32.99%, and Render making up 24.86%.
The fund’s belongings fall into three principal classes. It consists of protocols creating decentralized AI companies like chatbots and picture era. It additionally options protocols addressing centralized AI points, akin to verifying authenticity in opposition to bots, deep fakes, and misinformation.
Moreover, it covers assets important for AI improvement, together with decentralized marketplaces for information storage, GPU computation, 3D rendering, and streaming companies.
Grayscale’s Head of Product & Analysis, Rayhaneh Sharif-Askary, mentioned:
“The blockchain-based AI protocols embody the ideas of decentralization, accessibility, and transparency, and the Grayscale group feels strongly that these protocols might help mitigate the basic dangers rising alongside the proliferation of AI know-how.”
Grayscale is the world’s largest crypto asset administration agency, with over $10 billion price of investments in digital belongings like Ethereum, Solana, and many others.
AI progress
Grayscale’s choice comes as no shock, given the explosive progress of the AI sector over the previous yr, pushed by developments in generative AI instruments akin to ChatGPT and others.
This know-how has captivated Wall Road for over a yr, with buyers banking on its potential to ship substantial future earnings. Shares of AI giants like Nvidia have soared throughout this growth, climbing a formidable 507% over the previous two years.
Crypto-focused AI tasks have additionally emerged as a worthwhile crypto narrative this yr, with the sector recording a 222% achieve in the course of the first quarter, based on Coingecko.
In the meantime, the general AI market surpassed $184 billion in 2024, marking a major improve of practically $50 billion from 2023. Specialists predict this fast progress will proceed, with the market projected to exceed $826 billion by 2030, based on Statista information.
