Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Grayscale Launches Exclusive Decentralized AI Fund for Investors

The post Grayscale Launches Exclusive Decentralized AI Fund for Investors appeared first on Coinpedia Fintech News
Grayscale Investments is making headlines with their new offering, the Grayscale Decentralized AI Fund. Before diving into the details, excited investors should note that this new fund is only for accredited investors. This fund promises exposure to the growing sector of decentralized artificial intelligence (AI) protocols. It includes tokens from Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR), aiming to capture the growth of AI within the crypto world.
Decentralized AI on the Rise
AI and blockchain are two of today’s most disruptive technologies. Grayscale’s new fund taps into their intersection. These protocols offer services like chatbots, image generation, authenticity checks, and decentralized data storage and GPU computation.
Rayhaneh Sharif Askary, Grayscale’s head of product and research, emphasized these protocols’ potential to manage the risks of rapid AI advancement. She highlighted how blockchain-based AI protocols embody decentralization, accessibility, and transparency. Grayscale focuses on balancing risk while aiming for maximum returns.
Inside the AI Crypto Basket
The Grayscale Decentralized AI Fund is diversified across several promising protocols. Data on Grayscale website shows that as of July 16, the fund’s composition is : Near (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%.
Each token in this basket plays a unique role in the decentralized AI ecosystem. Bittensor, backed by Pantera Capital, offers a marketplace for AI models. Filecoin provides decentralized storage for AI training datasets. Livepeer enhances video streaming quality and transcodes videos on the Ethereum blockchain. Render, built on Solana, supplies the GPU power needed for intensive AI tasks.
Grayscale’s Vision for the Future
Barry Silbert, founder and CEO of Digital Currency Group, Grayscale’s parent company, expressed his excitement about the new fund on social media. He highlighted that Grayscale aims to leverage technology fully. This fund is part of a broader strategy to address AI development centralization by distributing ownership and governance through blockchain.
This launch is just the start! It shows the growing interest in decentralized AI solutions. Other notable projects include Sentient, which raised $85 million for an open-source AI platform, and Sahara, building a decentralized AI network for autonomous knowledge agents. The SingularityNET ecosystem also announced a merger with Fetch.ai and Ocean Protocol, forming the Artificial Superintelligence Alliance.
The Impact on AI and Crypto
Grayscale’s new fund offers a unique investment opportunity and highlights the increasing synergy between AI and blockchain. As these technologies evolve, the potential for decentralized AI to democratize access and enhance transparency in AI services becomes clearer.
With a net asset value (NAV) per share at $9.87 and the fund holding approximately $551,238.97, the Grayscale Decentralized AI Fund is set to attract significant attention from accredited investors looking to capitalize on the next wave of technological innovation.
21Shares Set to Shake Up Crypto Market with Spot Ethereum ETF Launch on July 23
XRP and Ethereum Skyrocket – Don’t Miss Out!
Written by
More author posts
Publish your own article
Guest post article. Guaranteed publishing with just a few clicks
START PUBLISHING ADVERTISE WITH US