Grayscale Launches New Fund for Decentralized AI in Cryptocurrency Sector

Jul 17, 2024, 01:37 PM

Grayscale Investments has announced the launch of its new fund, the Grayscale Decentralized AI Fund LLC, aimed at decentralized artificial intelligence within the cryptocurrency sector. The fund will focus on financing projects like Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR). This new private placement investment product is available to eligible accredited investors and seeks to provide exposure to protocols in the AI sector within the crypto ecosystem. The fund will finance three key areas: AI services, addressing problems, and investment endeavors.