Grayscale, one of the largest investment companies in the cryptocurrency sector, announced its new altcoin fund.
Grayscale has announced that its Decentralized AI Fund, focused on the intersection of Artificial Intelligence and crypto, is now open to qualified accredited investors.
This fund targets investors looking for early access to potential opportunities that may arise from the intersection of AI and decentralized technologies.
It was seen that altcoins named Bittensor (TAO), NEAR, RENDER, Filecoin (FIL), The Graph (GRT) and Livepeer (LPT) were included in the fund.
“The fund's current asset allocation is determined as follows:
TAO: 27.18% NEAR: 24.54% RENDER: 22.75% FIL (Filecoin): 17.26% GRT (The Graph): 8.27% LPT (Livepeer): (rate not specified)”
The fund has a management fee of 2.5% and currently manages approximately $1.05 million in assets.
*This is not investment advice.
