- Grayscale has launched the Decentralized AI Fund LLC, focusing on leading crypto AI tokens
- The fund includes $TAO (2.92%), $FIL (30.59%), $LPT (8.64%), $NEAR (32.99%), and $RNDR (24.86%), with holdings rebalanced quarterly
- The fund aims to invest in protocols developing decentralized AI services, addressing AI-generated issues, and providing critical infrastructure for AI technology
While we’re all waiting for the Ethereum ETF, there’s some important news from Grayscale about cryptos in the decentralized AI sector.
The group, which is one of the top crypto-themed fund managers, has announced the launch of Grayscale Decentralized AI Fund LLC. This fund will focus on investing in the best tokens in the crypto AI space.
The first tokens included in the fund are bound to spark some debate. We’ll actually have $TAO from Bittensor, $FIL from Filecoin, $LPT from Livepeer, $RNDR from Render, and $NEAR from Near Protocol.
There are lots of exceptions to this, some of them pretty well-known, so it’ll be interesting to see what people think.
Grayscale’s Crypto AI Fund
The crypto AI sector was one of the top performers in 2023 and 2024. Grayscale is looking to bring the best tokens in the sector to a wider customer base.
It won’t be an ETF, but a fund traded outside traditional exchanges. It’ll follow the same model as Grayscale funds.
The group’s press release says that five different industry tokens will be joining them for now. They were chosen according to several factors.
Priority was given to:
- Protocols that are developing decentralized AI services, such as chatbots and image-generation services
- Protocols that offer solutions to AI-generated problems (authenticity checking, bots, deep fakes)
- Critical infrastructure protocols for AI technology, such as data and storage sharing, GPU sharing, computation, rendering, streaming
Which Protocols Were Chosen and in What Percentages?
For now, five different cryptocurrencies will be part of the fund:
$TAO at 2.92%, $FIL at 30.59%, Livepeer’s $LPT at 8.64%, $NEAR at 32.99%, and Render $RNDR at 24.86%.
The holdings aren’t final and will be rebalanced each quarter.
