Key Takeaways
- Grayscale’s new fund consists of 5 Decentralized AI crypto protocols with quarterly rebalancing.
- The fund focuses on AI providers, options to centralized AI issues, and significant AI infrastructure.
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Grayscale Investments has launched the Grayscale Decentralized AI Fund LLC to show buyers to protocols combining synthetic intelligence (AI) and decentralization. The fund features a basket of 5 AI-related tokens: Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Close to (NEAR), and Render (RNDR).
As of July 16, 2024, the fund elements and weightings have been: Close to (NEAR) at 32.99%, Filecoin (FIL) at 30.59%, Render (RNDR) at 24.86%, Livepeer (LPT) at 8.64%, and Bittensor (TAO) at 2.92%.
“The rise of disruptive applied sciences has created compelling alternatives for Grayscale’s buyers since our 2013 inception, and we imagine the launch of the Grayscale Decentralized AI Fund supplies a possibility to spend money on Decentralized AI at its earliest section,” acknowledged Rayhaneh Sharif-Askary, Grayscale’s Head of Product & Analysis.
The fund focuses on three main classes of Decentralized AI belongings: protocols constructing decentralized AI providers, protocols addressing centralized AI-related issues, and infrastructure important to AI expertise growth.
Because the crypto market rebounds, the AI narrative picks up steam, leaping 24.2% over the previous seven days, in accordance to knowledge aggregator DefiLlama. The typical progress of AI tokens outshined Bitcoin and Ethereum by greater than 10%, and Solana by 9%.
Notably, AI is at the moment a robust narrative as a complete, with Nvidia shares hitting an all-time excessive in value on June 14th. Moreover, AI-related startups broke a report in fundraising throughout 2024’s first semester after capturing $33 billion from funds.
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