Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»Grayscale Launches New Fund for Decentralized AI
ADOPTION NEWS

Grayscale Launches New Fund for Decentralized AI

By Crypto FlexsJuly 17, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Grayscale Launches New Fund for Decentralized AI
Share
Facebook Twitter LinkedIn Pinterest Email

Crypto asset manager launches new fund focused on decentralized artificial intelligence

According to a press release shared with The Block, the quarterly rebalancing Grayscale Decentralized AI Fund LLC aims to strengthen its AI-related investment efforts in the cryptocurrency industry. The Decentralized AI projects already included in the fund’s basket at launch today are Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR). Near, Filecoin, and Render are the fund’s highest-weighted holdings, respectively.

that much According to the announcement, the fund will focus on funding projects in three areas: chatbots, generative images, and other decentralized AI uses; solving centralized AI problems like deepfakes, misinformation, and bot authentication; and AI-related infrastructure like GPU compute, data storage, decentralized marketplaces, and other services..

“The rise of disruptive technologies has created compelling opportunities for Grayscale investors since our founding in 2013, and we believe the launch of the Grayscale Decentralized AI Fund provides an opportunity to invest in decentralized AI at its earliest stages,” Rayhaneh Sharif-Askary, Grayscale’s head of product and research, said in a statement. “Blockchain-based AI protocols embody the principles of decentralization, accessibility, and transparency, and the Grayscale team is confident that these protocols can help mitigate the fundamental risks that come with the proliferation of AI technologies.”

Grayscale launched a NEAR-focused trust in May of this year, providing investors with diversified cryptocurrency exposure. NEAR was trading at $6.13 as of 9:13 AM ET (1:13 PM UTC) on July 17, up 0.42% over the past 24 hours.

The Grayscale Bitcoin Trust, a spot Bitcoin exchange-traded fund from a crypto asset manager, is the second-largest spot Bitcoin ETF, behind BlackRock’s IBIT, according to The Block’s Data Dashboard. GBTC has $17.68 billion in assets under management as of July 16.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information on the cryptocurrency industry. Below are the current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025

AI starts a cost -effective batch API for LLM request.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 2025

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Weed® Announces Partnership With Khalifa Kush; Launches Global Commercialization

June 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025
Most Popular

Yuga Labs has sought court sanctions against Ryder Ripps for destroying private keys ‘in bad faith’.

March 13, 2024

Cosmos Hub approves ATOM inflation cut proposal

November 26, 2023

3 Signs Ethereum is in Trouble Below $2,500

November 4, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.