New Decentralized Crypto AI Fund Launched by Grayscale for Accredited Investors
Grayscale Investments has launched the Grayscale Decentralized AI Fund. Offering accredited investors exposure to blockchain-based AI protocols.
This new fund includes a diverse portfolio rebalanced quarterly, featuring bittensor (TAO) at 2.92%, filecoin (FIL) at 30.59%, livepeer (LPT) at 8.64%, near (NEAR) at 32.99%, and render (RNDR) at 24.86%. Each component is weighted strategically to manage risk and maximize potential returns. Barry Silbert, CEO of Digital Currency Group, Grayscale’s parent company, expressed enthusiasm for the fund. Highlighting its role in advancing decentralized AI technologies to counter centralization in the AI sector.
Grayscale’s disclosure on July 17, 2024, indicated a net asset value (NAV) per share of $9.87, with the fund’s total holdings valued at approximately $551,238.97.
Clever Robot News Desk 19th July 2024
