tl;dr
Grayscale, the company behind the GBTC bitcoin ETF, has launched the Grayscale Decentralized AI Fund for accredited investors. This fund focuses on investing in AI tokens within the blockchain space. It has initially invested in tokens from Bittensor, Filecoin, Livepeer, Near, and Render, with plans...
Grayscale, the company behind the GBTC bitcoin ETF, has launched the Grayscale Decentralized AI Fund for accredited investors. This fund focuses on investing in AI tokens within the blockchain space.
It has initially invested in tokens from Bittensor, Filecoin, Livepeer, Near, and Render, with plans to rebalance quarterly. Following the announcement, the tokens' prices rose by 1%-3%.
Grayscale aims to leverage the principles of decentralization, accessibility, and transparency offered by blockchain-based AI protocols to mitigate risks associated with the growing use of AI technology. Rayhaneh Sharif-Askary, Grayscale’s head of product and research, highlighted this in the press release.
Grayscale, the investment firm behind one of the largest spot bitcoin ETFs (GBTC), has introduced Wednesday a new digital asset fund that invests in artificial intelligence-focused (AI) tokens. The Grayscale Decentralized AI Fund is accessible to accredited investors, and "was designed to capture the growth of protocols at the intersection of blockchain and artificial intelligence," the company said.
The fund has initially invested in the native tokens of crypto AI protocols Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR) and Render (RNDR) and will rebalance its holdings quarterly. The tokens gained immediately following the announcement, with prices up 1%-3% over the past hour, CoinGecko data shows.
"The blockchain-based AI protocols embody the principles of decentralization, accessibility, and transparency, and the Grayscale team feels strongly that these protocols can help mitigate the fundamental risks emerging alongside the proliferation of AI technology," Rayhaneh Sharif-Askary, Grayscale’s head of product and research, said in the press release.
More about C3 Ai Inc
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C3 Ai Inc (C3), a technology company providing prepackaged software and services, has reported a market capitalization of $3,767,007,000. The stock experienced a price change of -2.34, closing at $2.602. The Relative Strength Index (RSI) stands at -0.901, indicating a bearish trend. The trading volume was 310,582,000, and the stock closed at $29.35, with no significant change in the Bollinger Bands. The stock shows a 0.196 increase in the bullish trend.
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