Grayscale Launches Digital Asset Fund Investing in AI Tokens
Investment firm Grayscale has launched a new digital asset fund, the Grayscale Decentralized AI Fund, which invests in tokens focused on artificial intelligence (AI). The fund is open to accredited investors and aims to capture the growth of blockchain and AI protocols. It has already invested in tokens from Bittensor, Filecoin, Livepeer, Near and Render, and will rebalance its holdings every quarter. Grayscale's head of product and research, Rayhaneh Sharif-Askary, said the protocols can help mitigate risks associated with the proliferation of AI technology.
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