As a seasoned researcher with a deep understanding of the crypto market, I find Grayscale’s latest initiative, the Grayscale Decentralized AI Fund, to be an intriguing development in the ever-evolving world of digital assets.
Leading crypto asset manager Grayscale made headlines worldwide with its announcement of a new fund, the Grayscale Decentralized AI Fund, on July 17, 2022. This marks the first time an investment vehicle is dedicated to securities linked to decentralized artificial intelligence (AI) protocols, according to Grayscale’s official statement.
Significantly, this fund reduces the requirement for individuals to engage personally with digital currencies, allowing them to invest indirectly through essential parts of the fund. To gain a clearer perspective on the impact of this investment tool in the marketplace, here’s an overview.
Grayscale, VanEck & Other Bitcoin ETF Bag Millions From Madden Securities
Grayscale Decentralized AI Fund
Amidst the growing trend of artificial intelligence (AI) and associated technologies in the global marketplace, Grayscale’s recent move has garnered considerable attention. According to their official announcement today, this new offering from the firm, named the “Grayscale Decentralized AI Fund,” provides a protective layer for investors, eliminating the complications of purchasing, safeguarding, and managing digital currencies directly.
During this period, the essential elements of the fund consist of five AI-token investments. These are Near Protocol (NEAR), Filecoin (FIL), Render (RNDR), Livepeer (LPT), and Bittensor (TAO).
It’s intriguing that this fund mirrors the aggregate worth of the named components. The five tokens contribute to the value in the following proportions: NEAR makes up 32.99%, FIL accounts for 30.59%, RNDR holds 24.86%, LPT takes 8.64%, and TAO comprises 2.92% of the share.
Based on my extensive experience in the cryptocurrency market and following the trends closely, I can tell you that the NAV (Net Asset Value) per share of this particular mover stood at $9.97 as of July 16. With the recent surge of interest in AI coins, this digital asset has seen remarkable growth and gained considerable attention within the crypto industry. As someone who has been monitoring the market for years, I can attest to the fact that such sudden spikes in popularity are not uncommon, but the pace at which this coin has risen is particularly impressive.
Read More
- BTC PREDICTION. BTC cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- SOL PREDICTION. SOL cryptocurrency
- USD COP PREDICTION
- Ethereum (ETH) Crashes Dramatically, What’s Next? Solana (SOL) Can Still Reach $200, XRP Struggling Before $0.63 Test
- DOGE PREDICTION. DOGE cryptocurrency
- WazirX Moves To Recover $150 Million In Shiba Inu, Ethereum And Others With Bounty Program
- Cardano Enters Chang Hard Fork Era With Node 9.1.0 Upgrade
- Profit from the Dip: Hong Kong To Debut Asia’s First Inverse Bitcoin ETF — Here’s When
- US Govt Dumps $4M In Bitcoin Again, Another BTC Selloff Ahead?
2024-07-17 17:36