Grayscale, a cryptocurrency investment vehicles management company, has announced the launch of a new fund focused on decentralized artificial intelligence (AI).

The product, called Grayscale Decentralized AI Fund, seeks to provide investors with exposure to protocols in the artificial intelligence sector within the cryptoassets ecosystem.

The company, which owns the second largest exchange-traded fund (ETF) in bitcoin (BTC), sees AI in an early stage of development. That's why they considered it appropriate to launch an instrument with exposure to this sector. "The rise of disruptive technologies has created attractive opportunities for investors," they communicated.

For Grayscale, AI protocols based on cryptocurrency networks embody the principles of decentralization, accessibility, and transparency. It maintains that these can help mitigate the fundamental risks that arise alongside the proliferation of technology.

The new fund of the company consists of cryptoassets from three categories of the AI: service creation protocols such as chat bots; solutions to centralized problems such as authenticity checks; and, finally, infrastructure and resources for development such as data storage markets.