According to a report from Fortune, Barry Silbert, the founder of Grayscale, has shared his investment interest beyond Bitcoin. During the Brainstorm Tech conference hosted by Fortune in Park City, Utah, Silbert hinted at a new venture that captures his enthusiasm.
“I am convinced that the next significant trend in cryptocurrency will be the fusion of artificial intelligence and crypto,” stated Silbert, who is also the CEO of Digital Currency Group.
His enthusiasm extends not only to this intersection but also towards a specific initiative known as Bittensor. This decentralized AI marketplace was established by Jacob Steeves, a former engineer at Google.
Bittensor operates with its own cryptocurrency called TAO and currently ranks as the 34th largest digital currency based on market capitalization, trading at approximately $351.
The newly formed company by Silbert named Yuma is dedicated to supporting both Bittensor and its native currency TAO.
Updates from Grayscale
This week saw Grayscale taking steps to transform its Chainlink Trust into an exchange-traded fund (ETF).
Additionally, Grayscale has filed registration documents for both its Bitcoin Cash Trust and Litecoin Trust under Form S-3. These are existing financial instruments already reporting to the SEC.
In another development, Grayscale submitted Form S-1 for registering Hedera Trust with the SEC on that same day.
Moreover, in related news from regulatory bodies, the SEC has delayed its decision regarding Nasdaq’s proposal to list Grayscale’s Hedera Trust; they have set November 12 as a new deadline for this decision.