The Grayscale Decentralized AI Fund LLC is intended to finance decentralized artificial intelligence (AI) initiatives in the cryptocurrency space.
As of today’s debut, the fund’s portfolio already featured decentralized AI startups like Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR). Render and Near are the fund’s top-weighted assets, respectively.
The fund will focus on financing projects in three main areas:
- Applications of decentralized AI, such as chatbots and generative pictures.
- Tackling issues with centralized AI, such as bot authentication, disinformation, and deep fakes.
- Infrastructure for artificial intelligence, including GPU processing, data storage, decentralized markets, and other services.
Rayhaneh Sharif-Askary, Grayscale’s Head of Product and Research, highlighted that since its founding in 2013, investors have found compelling opportunities in disruptive technologies. She emphasized that the launch of the Grayscale Decentralized AI Fund enables investment in decentralized AI at its early stages.
Sharif-Askary further highlighted that blockchain-based AI protocols align with the principles of decentralization, accessibility, and transparency. The Grayscale team believes these protocols can effectively mitigate the fundamental risks associated with the rapid proliferation of AI technology.
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