Grayscale Launches Decentralized AI Fund Amidst Surging AI Market and Crypto Developments

July 18, 2024
Grayscale Launches Decentralized AI Fund Amidst Surging AI Market and Crypto Developments
  • Grayscale 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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