Grayscale Unveils Decentralized AI Fund Now Available For Qualified Investors

The company focused on cryptocurrency asset management Grayscale disclosed that its Decentralized AI Fund is now open for eligible accredited investors, providing an avenue to invest where artificial intelligence meets cryptocurrency, featuring assets like NEAR, RNDR, FIL, LPT, and TAO.

The Grayscale Decentralized AI Fund is one of the pioneering investment instruments solely dedicated to native tokens from decentralized AI systems. This innovative approach blends artificial intelligence with blockchain technology. By investing through this fund, individuals can easily engage with these digital assets without the hassles associated with direct purchases, such as managing storage and security.

The fund aims to align its share values with those of the Fund Components, calculated based on Digital Asset reference rates and weights after deducting relevant fees and expenses.

Currently, the management fee for the fund stands at 2.50%, with a performance fee of 0.00%. Each share's Net Asset Value (NAV) is pegged at $9.50, reflecting a one-day change in NAV at 1.50%. The total outstanding shares amount to 153,900, and assets under management have reached $1,462,249.50.

The strategy of the fund focuses on three primary categories of decentralized AI assets. These categories include protocols developing decentralized AI services such as chatbots and image generators, tools to counter central AI challenges like verifying authenticity against bots and deep fakes, and systems establishing AI infrastructure, which encompasses decentralized platforms for data storage, GPU processing, 3D rendering, and streaming services.

Grayscale Broadens Investment Portfolio With New Avalanche Trust And Additional Crypto Offerings

Grayscale provides diverse investment options to connect investors with the digital economy. The firm has recently introduced launched its new single-asset investment vehicle, the Grayscale Avalanche Trust, allowing investors to engage with Avalanche’s AVAX through a secure structure, thereby eliminating the necessity for directly acquiring, storing, and safeguarding AVAX. Additionally, it has added has added Bittensor (TAO) and Sui Network (SUI) to its offerings, launching the Grayscale Bittensor Trust and Grayscale Sui Trust.

The organization oversees multiple investment trusts that give exposure to a range of cryptocurrencies like Bitcoin, Ethereum, Solana, Litecoin, Zcash, Chainlink, and Decentraland. Investors have the option to buy shares in these trusts, allowing them to invest in the respective cryptocurrencies.