Grayscale Investments has unveiled its Decentralized AI Fund, aiming to provide investors with exposure to the burgeoning sector of decentralized artificial intelligence (AI) projects. This initiative has spurred a notable rally in AI-related cryptocurrencies, with several tokens experiencing significant price increases.

Key Highlights:

Fund Composition: The fund includes a diversified portfolio of AI-focused cryptocurrencies, such as Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR).

Market Reaction: Following the announcement, AI tokens witnessed substantial gains. For instance, Bittensor (TAO) saw a remarkable increase of over 160% in a single month, underscoring the market's enthusiasm for decentralized AI initiatives.

Investor Access: The Decentralized AI Fund is currently open to accredited investors, offering them a structured avenue to invest in the intersection of AI and blockchain technologies.

This development reflects a growing institutional interest in the convergence of AI and decentralized technologies, signaling a potential shift in investment strategies towards these innovative sectors.

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