According to The Block, Grayscale is launching a new AI fund for Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR) and Render (RNDR).

Accordingly, Grayscale, one of the world’s largest fund managers, is launching a new fund focusing on decentralized artificial intelligence.

Grayscale Decentralized AI Fund LLC, which will be rebalanced quarterly, aims to support AI-related investment efforts in the cryptocurrency sector, according to the announcement.

Decentralized AI projects included in the new fund basket include Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR) and Render (RNDR), with Near, Filecoin and Render being the fund’s highest weighted assets.

*This is not investment advice.