David Edwards
The world’s top digital asset management company, Grayscale Investments, has introduced the Grayscale Bittensor Trust, a new investment vehicle designed to give wealthy clients security exposure to Bittensor (TAO).
By removing the hassle of physically buying, storing, and protecting TAO, this fund streamlines the process for investors. Trust represents one of the first securities to invest solely in this decentralized machine learning protocol.
Grayscale highlighted the fund’s allure as a quick and easy way to get started in Bittensor’s ecosystem in an official release.
Bittensor is a blockchain-based machine learning network that is open-source. Users can work together to train AI models using the protocol, and participants are rewarded with TAO tokens according to how much their contributions advance the body of knowledge. In addition to its reward system, TAO functions as a utility token that gives users access to the network from outside sources and enables them to take use of customized insights and solutions.
TAO, which has lost 16% of its value in the last week and is currently trading 37% below its all-time high, has recently struggled with its price despite its promise.
