Are you ready to invest in the Grayscale AI Fund's tokens?

betswift

copper member

Activity: 280

Merit: 5

Quote from: Abiky on July 19, 2024, 08:13:50 PM

Quote from: Vincom on July 19, 2024, 12:53:36 AM

I would like to know your views on this event:

Do you think Grayscale AI Fund will have a positive impact on the AI trend in the uptrend?
Do you hold any tokens in the Grayscale AI Fund list?
Are you inclined to pay attention to these tokens just because they appear in the Grayscale AI Fund?

Yes. The Grayscale AI fund will have a positive impact on AI-based tokens. Especially with all of the hype surrounding Generative AI. Grayscale is not as big as BlackRock, but it's better something than nothing. Personally, I don't hold any AI-based crypto tokens. They're fairly-new and untested. The risk of holding them is simply too high to bear. Once the AI hype comes to an end, these tokens will simply fade away into oblivion.

I'm one of the few people who believe AI is just a passing fad. We'll see if the future proves us wrong. If AI-based tokens get their own spot ETFs, I'd be blown away. Cheesy

I agree, patience and analysis is key. Even if someone will make a decision to go into AI tokens, there should be a lot of work done beforehand, otherwise, the investments will be lost.

bitgolden

legendary

Activity: 3024

Merit: 1132

Leading Crypto Sports Betting & Casino Platform

I know of only render, and I do not think that they are anywhere ready to make anyone any money, they have a lot more development to go, and I mean like years of it, so if you invest now, you need to keep in mind that for many years, it will not have a product that is desired by the public.

I feel like this fund is not for people who want to make money, this fund should be for people who already have funds in all the right places, and they have so much that throwing a million at this won't be an issue for them. Like if Elon ends up putting 15 million into this fund, he will not even realize it, that is nothing for him, and won't be cared at all. I think it's smarter to realize that it is not made for people like us.

For us, we need to be careful and invest into things that makes sense, and for that to work we need to invest into bitcoin, and if we want to invest into something else, it could be gold, or real estate on a good place, or some blue chip stock, not these crazy highly volatile stuff. I understand the purposes of them, whales do need to put some excess money somewhere, they can afford to go crazy a bit, they are rich after all, but I do not think that it should be something we put any money into.

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

Quote from: Vincom on July 19, 2024, 12:53:36 AM

I would like to know your views on this event:

Do you think Grayscale AI Fund will have a positive impact on the AI trend in the uptrend?
Do you hold any tokens in the Grayscale AI Fund list?
Are you inclined to pay attention to these tokens just because they appear in the Grayscale AI Fund?

Yes. The Grayscale AI fund will have a positive impact on AI-based tokens. Especially with all of the hype surrounding Generative AI. Grayscale is not as big as BlackRock, but it's better something than nothing. Personally, I don't hold any AI-based crypto tokens. They're fairly-new and untested. The risk of holding them is simply too high to bear. Once the AI hype comes to an end, these tokens will simply fade away into oblivion.

I'm one of the few people who believe AI is just a passing fad. We'll see if the future proves us wrong. If AI-based tokens get their own spot ETFs, I'd be blown away. Cheesy

betswift

copper member

Activity: 280

Merit: 5

I do believe that the creation of the Fund will have a positive impact, however, I wouldn't be too blind to just go all in into the trend. I don't hold any AI related tokens at the moment, even knowing how pumped and hyped they are because of the trends and Twitter. I am inclined to watch for any project or coin which has potential, it all depends on the investors, the founders, the collabs, and so much more. And even then, there is always risk ahead, so diversification of the efforts is key.

Vincom

member

Activity: 210

Merit: 47

₿itcoin maximalist

OpenAI's release of ChatGPT ignited an AI frenzy, causing a surge in the prices of crypto tokens associated with the field, like RNDR, FET, ARKM, and OCEAN ^[1]. While the initial excitement has subsided, AI remains a major force with the potential to drive the crypto market towards a broader upswing and altseason.

Grayscale, a giant in digital asset management, jumped on the AI in crypto bandwagon with their recent launch of a dedicated fund. This fund, titled Grayscale AI Fund, targets tokens associated with blockchain protocols that are pioneering AI integration. Some of the tokens included in the fund are Near (NEAR), Render (RNDR), Bittensor (TAO), Filecoin (FIL), and Livepeer (LPT). ^[2]

New surge for AI-focused tokens after Grayscale's announcement. This news highlights Grayscale's influence on the crypto market, as prices for NEAR, RNDR, TAO, FIL, and LPT all jumped significantly. While I prioritize my own technical analysis before investing, this development has prompted me to add these tokens to my watchlist for further research.

I would like to know your views on this event:

Do you think Grayscale AI Fund will have a positive impact on the AI trend in the uptrend?
Do you hold any tokens in the Grayscale AI Fund list?
Are you inclined to pay attention to these tokens just because they appear in the Grayscale AI Fund?

References:
[1] The AI Trend In Crypto: Best Altcoins And Deep Learning Models
[2] Grayscale Launches Artificial Intelligence-Focused Crypto Fund; AI Tokens Gain

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