Grayscale Decentralized AI Fund: These 3 AI Crypto Are Best to Buy
As Grayscale AI launches a decentralized AI fund, investors think these three crypto AI projects, including WienerAI, will rally in 2024
If you prefer ChatGPT or Bard’s responses, your preferences are gradually shifting towards efficiency, which is now driven by AI.
AI is here to stay, and billions of dollars are being funneled into this revolutionary technology. A decade from now, AI will likely be integrated into every device.
The tech has eased search and fast-tracked processes and is finding massive applications in every sector. Manufacturers of AI chipsets like Nvidia are reaping big dividends, handsomely rewarding early investors.
Grayscale Launches Decentralized AI Fund
Now, Grayscale, a digital asset manager, has sensed an opportunity and wants to board the ship before it sails.
They recently announced the Grayscale Decentralized AI Fund, offering accredited investors exposure to potent, high-quality blockchain and AI projects.
Of note, the fund will be re-balanced quarterly and will target projects offering decentralized AI services, critical AI infrastructure, and solutions to centralized AI challenges.
The fund’s portfolio will initially comprise five projects, mainly Near (NEAR), Filecoin (FIL), and Livepeer (LPT).
In its report "AI Is Coming – Crypto Can Help Make It Right", @Grayscale correctly places @origin_trail's utility token – $TRAC under decenetralized #AI that solve AI problems like misinformation and deepfakes.
Two reasons make TRAC – #OriginTrail unique:
1⃣ Real-world… https://t.co/lBJAufH3qE pic.twitter.com/dboLwHyzjW
— Žiga Drev (@DrevZiga) July 21, 2024
Top 3 Crypto AI Projects That Will Rally In 2024
As Grayscale begins its investment journey in AI, smart investors also think the following top crypto AI projects will fly in 2024:
Bittensor (TAO): At The Forefront of Decentralizing Machine Learning
According to CoinMarketCap, Bittensor is among the largest crypto AI projects.
It leverages the power of the blockchain to create a decentralized network of nodes that power machine learning. As expected from any decentralized platform, node operators seeding computing power and data will receive rewards in Bittensor’s TAO.
Through this peer-to-peer network, the platform is creating a marketplace for machine intelligence that aims to eventually change the AI landscape.
As of July 24, Bittensor has a market cap of over $2.3 billion, and TAO is changing hands for $335, which is up 10X from May 2023 all-time lows.
Render (RNDR): Powering the Creative Economy
Render Network is yet another popular crypto AI project that also forms part of the Grayscale AI fund.
The platform is building a decentralized solution where artists and creators can get sufficient computing resources to render their items, including animations and high-quality 3D graphics.
In essence, Render is nothing but a marketplace. Artists who don’t have costly GPUs and other hardware but are in need of computing power will get seeded from nodes that supply idle computing power from across the globe.
Node operators receive RNDR as a reward, while artists and other creators have to pay using RNDR.
At press time, Render has a market cap of over $2.6 billion, and RNDR, the native token, is changing hands for $6.8, which is up over 185X from the 2020 lows.
WienerAI (WAI): An AI-Powered Trading Bot
WienerAI is an emerging crypto AI platform that aims to change everything, especially in trading, and even take on the Grayscale fund in ROI.
The platform fuses advanced AI trading algorithms with a friendly user interface to release a trading bot accessible to all traders.
The bot enables zero-fee swapping and is robust, protecting traders against notorious MEV bots plaguing Solana and Ethereum DEX traders. Supporters also believe the integration of memes into WienerAI is the ingredient that would propel it to great heights.
The WienerAI presale is ongoing, having raised over $7 million. WAI, the native token, is available for just $0.00073. Those who also choose to stake are free to do so and will receive a 143% APY.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital
99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.
Free Bitcoin Crash Course
Learn everything you need to know about Bitcoin in just 7 days. Daily videos sent straight to your inbox.
