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Crypto projects focused on artificial intelligence (AI) saw a general surge in their native tokens after Grayscale announced the launch of a new fund focused on decentralized AI.
Grayscale Investments has announced the launch of the Grayscale Decentralized AI Fund, aimed at providing exposure to blockchain-based artificial intelligence (AI) protocols. The fund, available to accredited investors, includes a basket of decentralized AI crypto protocols, rebalanced quarterly.
Crypto asset manager Grayscale is launching a new fund centered on decentralized artificial intelligence projects, according to a July 17 statement. The Grayscale Decentralized AI Fund LLC fund aims to give investors access to the growing AI sector within the crypto ecosystem.
The fund is available only for accredited investors. Its basket includes native tokens from Bittensor, Filecoin, Livepeer, Near, and Render.
Grayscale Investments, currently the biggest crypto asset manager in the world, has launched its new decentralized artificial intelligence fund, Grayscale AI. This fund gives investors access to a handpicked selection of cryptocurrencies, leading the way in decentralized AI, says the official press release.
TL;DR Grayscale Investments has launched a new fund exclusively focused on decentralized artificial intelligence for accredited investors. The fund includes decentralized AI protocols such as Near, Filecoin, Render, Livepeer, and Bittensor, and will be rebalanced quarterly.
Grayscale introduces new Grayscale Decentralized AI Fund for decentralized AI protocols.
"The blockchain-based AI protocols embody the principles of decentralization, accessibility, and transparency," said an exec in a release.
Grayscale's new AI fund could accelerate investment in decentralized AI technologies, potentially reshaping the future of AI and blockchain integration. The post Grayscale launches new fund indexed to five AI tokens appeared first on Crypto Briefing.
The fund will finance three key areas: AI services, addressing problems related to centralize AI use and developing AI-related infrastructure.
The cryptocurrency market is shifting with trends creating opportunities for those who pay attention and dare to capitalize.
Bittensor is a decentralized peer-to-peer network for machine intelligence. The Bittensor protocol establishes a marketplace that transforms machine intelligence into a tradable commodity.
Is alt season starting? While blue-chip crypto currencies mostly trade sideways, altcoins post impressive gains of up to 11%.
Bittensor Tao price has been in recovery since last week's $8 million exploit and has risen by more than 14 percent in the last seven days.
The Bitcoin bulls are looking to push the price toward $60K as some altcoins are charting impressive gains.
Decentralized Physical Infrastructure Networks (DePin) are transforming the tech by enabling decentralized projects in real-world infrastructure.
In a recent incident, Bittensor, a prominent AI-focused project, was forced to suspend its network operations following a series of wallet hacks, resulting in a loss of at least $8 million worth of TAO, Bittensor's native token. This incident comes just a month after another wallet breach that led to a loss of $11 million.
The Bittensor network has been forced into a shutdown following the discovery of a significant security breach. This emergency measure has sent shockwaves through the cryptocurrency community, with the TAO token suffering a steep price decline.
Bittensor, a decentralized AI network, experienced a severe security breach on July 2, which resulted in the theft of $8 million worth of TAO tokens.
Bittensor (TAO), a blockchain project pioneering the integration of machine learning models, recently found itself at the center of attention not for its technological advancements, but due to a severe security breach that rocked its ecosystem and sent shockwaves through the cryptocurrency community.
The Opentensor Foundation, the development team behind the Bittensor chain, has tackled a recent security breach affecting the network, impacting several community members. The foundation insisted that prompt actions were implemented to mitigate the attack and prevent future incidents. Malicious Package on PyPi Triggers Security Breach on Bittensor Chain On July 2, at 7:41 p.m.
In a post-mortem, the Opentensor Foundation said the attack on Bittensor user wallets was traced back to a malicious package upload.
Bittensor's TAO token has experienced a significant drop in value following a major security incident. On July 3, 2024, Bittensor developers halted the blockchain after discovering a massive exploit targeting several user wallets, leading to a substantial loss of funds.
OpenTensor Foundation (OTF) has proposed burning 10% of the Bitttensor (TAO) supply to stabilize the token's price in response to a recent exploit that led to the loss of $8 million worth of the tokens. The decentralized AI network has put forward a vote for users to decide on the burn.
