Grayscale Launches Decentralized AI Fund Amidst Surging AI Market and Crypto Developments
July 18, 2024Grayscale Investments has launched the Grayscale Decentralized AI Fund, targeting decentralized AI services and solutions for accredited investors.
The fund focuses on assets like Bittensor and Filecoin, viewing blockchain-based AI protocols as a way to mitigate risks in AI technology.
The AI market's rapid growth, projected to exceed $826 billion by 2030, supports the fund's introduction.
Former U.S. President Donald Trump aims for the U.S. to lead in crypto, hinting at upcoming NFT launches.
Germany recently sold off bitcoin, netting $2.9 billion related to a film piracy case investigation.
U.S. spot Bitcoin ETFs saw a significant inflow of $422 million, with expectations of driving Ethereum prices higher.
Key upcoming events include the ECB's interest rate decision and U.S. jobless claims figures.
Interested investors can contact Grayscale for more information on the Decentralized AI Fund.
Summary based on 7 sources
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Sources
Yahoo Finance • Jul 17, 2024
Grayscale Investments® Launches New Decentralized AI FundCoinDesk • Jul 17, 2024
Grayscale Launches Artificial Intelligence-Focused Crypto Fund; AI Tokens GainCointelegraph • Jul 17, 2024
Grayscale launches new decentralized AI fundThe Block • Jul 17, 2024
Grayscale launches new fund for decentralized artificial intelligence