Grayscale’s AI Fund Sparks Rally in NEAR, Filecoin, Livepeer, Render, Bittensor

• Grayscale launched a new fund focused on decentralized AI projects.
• The fund’s holdings include NEAR, Filecoin, Livepeer, Render, and Bittensor.
• The announcement caused a surge in the prices of several AI-related cryptocurrencies.

Grayscale, the leading crypto asset manager, has launched a new fund focused on decentralized AI projects, sparking a rally in related cryptocurrencies.

The Grayscale Decentralized AI Fund LLC aims to capitalize on the growing convergence of AI and blockchain technology, investing in projects that develop AI services, address the challenges of centralized AI, and build critical infrastructure for the sector. The announcement has already impacted the market, causing a notable rise in the prices of several cryptocurrencies.

We’re pleased to announce the launch of our newest private placement investment product, Grayscale Decentralized AI Fund. Available to eligible accredited investors.$NEAR $RNDR $FIL $LPT $TAO

See important disclosures or speak directly to a team member: https://t.co/gYetdms280 pic.twitter.com/OvNhec95io

— Grayscale (@Grayscale) July 17, 2024

The newly launched fund includes decentralized AI projects such as…

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