tl;dr
Grayscale's Decentralized AI Fund is now available to accredited investors, offering exposure to top AI-powered blockchain projects. The fund includes tokens from leading decentralized AI and blockchain projects, providing a diversified investment opportunity. The fund's net asset value per share wa...
Grayscale's Decentralized AI Fund is now open to accredited investors, offering exposure to top AI-powered blockchain projects. The fund's net asset value per share was $9.50 as of September 27, reflecting a 1.5% increase in one day. However, the fund has experienced fluctuations, with a 15.6% drop in NAV over the last month and a 26.8% decrease since its debut in July 2024.
Previously available only through private placement, Grayscale’s decentralized AI fund now offers targeted exposure to leading decentralized AI and blockchain projects, including altcoins like Near Protocol (NEAR), Bittensor (TAO), Render (RNDR), and Filecoin (FIL).
The fund's manager rebalances it quarterly, focusing on decentralized AI services, AI-related challenges, and AI infrastructure. The five selected tokens are based on their functions within AI technology development and deployment.
Grayscale's recent research highlights AI crypto coins as high-potential tokens for 2024, emphasizing the potential of decentralized AI crypto assets for all investors and their role in increasing developer access to AI.
Prior to the AI fund, the asset manager launched trusts focused on NEAR and Stacks (STX), providing investors with diversified exposure to these specific cryptocurrencies.
More about C3 Ai Inc
C3 Ai Inc (C3)
Industry: Technology
Sector: Services-Prepackaged Software
Market Cap: $3,078,010,000
Dividend Yield: None
EPS: None
Price Change: -2.28
Beta: 2.674
Volume: 325,433,000
Stock Price: $25.11
50-Day Moving Average: 0
200-Day Moving Average: 0.205
More about Seagate Technology PLC
Seagate Technology Holdings plc, an Irish public limited company (commonly referred to as Seagate) is an American data storage company.
Sector: Technology
Industry: Computer Storage Devices
Market Cap: 23.05 billion
Stock Price: $69.32
Dividend Yield: 2.8%
P/E Ratio: 1.58
EPS: $31.34
Beta: 0.0511
Volume: 6,551,000,000
Revenue: $11.85 billion
Net Income: -$939 million
ROE: 17.8%