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Crypto’s oldest asset manager 
Grayscale now offers investors exposure to decentralized AI!
What’s the scoop?
- New Fund: The Grayscale Decentralized AI Fund will hold Near (NEAR),
Filecoin (FIL), Render (RNDR), 
Livepeer (LPT), and 
Bittensor (TAO). It intends to offer investors exposure to blockchain-based AI protocols that Grayscale believes “can help mitigate the fundamental risks emerging alongside the proliferation of AI technology.” - Private Placement: Like many other Grayscale products, its newest AI fund will only be available via private placement, meaning that redemptions are unavailable, which could cause the product to trade at extreme discounts and premiums, and only accredited investors can purchase shares, subject to a one-year mandatory holding period.
Bankless take:
Grayscale’s decision to launch a crypto-native AI fund indicates that it has client willingness to invest in the product and anticipates future investor demand for these assets. Although decentralized AI adoption has yet to go mainstream, the assets held in the Grayscale Fund offer exposure to some of the most promising bets in this emerging sector.
We’re pleased to announce the launch of our newest private placement investment product, Grayscale Decentralized AI Fund. Available to eligible accredited investors.$NEAR $RNDR $FIL $LPT $TAO
— Grayscale (@Grayscale) July 17, 2024
See important disclosures or speak directly to a team member: https://t.co/gYetdms280 pic.twitter.com/OvNhec95io
