Grayscale Bets on AI-Focused Altcoins with New Fund

Well, well, well! It seems Grayscale has decided to join the futuristic party with a brand new toy called the Decentralized AI Fund – and guess what? Only the “accredited” crowd gets a peek at this treasure chest. If you’re one of the lucky ones who meet the “necessary criteria” (whatever that means), you’re in!

This shiny new fund promises to give the crème de la crème of digital assets a boost, with a focus on AI-driven blockchain projects. Think of it like a treasure map where the X marks tokens that Grayscale thinks are on the brink of hitting the big time, thanks to the magic of technology. Who needs a crystal ball when you have these?

Among the sparkling gems in this collection are the likes of Bittensor (TAO), NEAR Protocol (NEAR), Render, Filecoin (FIL), The Graph (GRT), and Livepeer (LPT). Sounds impressive, right? Like something from a futuristic movie, but with fewer explosions. 🚀

Now, hold onto your hats because Grayscale’s portfolio weighs heavily toward a few choice favorites. TAO gets a hefty 27.18%, NEAR sits comfortably at 24.54%, and RENDER? Well, RENDER takes up a solid 22.75%. Filecoin sneaks in just over 17%, while The Graph enjoys a modest 8.27%. Livepeer’s slice of the pie is still a mystery—maybe it’s hiding under the couch cushions. 🤷‍♂️

Oh, and if you’re wondering about the management fee, it’s a pretty casual 2.5% annually. Nothing too outrageous for all that “futuristic magic” you’re getting access to. As for the total assets? Well, it’s hovering around $1.05 million—definitely enough to keep the lights on, at least for now.

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2025-04-23 01:36