The 4 AI sub-tracks that Grayscale is most concerned about:

Bittensor subnet: TAO is currently the largest AI asset by market capitalization, mimicking Bitcoin's halving mechanism, halving once every 4 years. The first halving will occur this year. Additionally, interest in the Bittensor subnet is accelerating.

Distributed training: The most promising AI sub-track in Grayscale's view. Projects worth noting include @PrimeIntellect, @gensynai, and @NousResearch, among which some may have their TGE this year.

AI protocols generating sustainable income: @grass has achieved annualized revenue of tens of millions of dollars by selling captured web data; another example is @virtuals_io, which, as of May 2025, has an annualized revenue of about 30 million dollars, mostly from trading fees of AI agent tokens on the platform.

AI agents and stablecoins: In the foreseeable future, AI agents will be integrated with stablecoin payment solutions.

🧐 Save it for slow study.