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Grayscale Just Unleashed Its Latest Cash-Grab Schemes Focused on the Magic of Artificial Intelligence and Blockchains That Don’t Actually Scale

An illustration of an old man holding onto two balloons with 'TAO' and 'SUI' written above them as they float away into thin air; he is surrounded by broken chains and shattered glass on the ground. A faint image of a blockchain in the background appears to be crumbling apart, while nearby AI robots are shown malfunctioning or falling over. The old man's face shows frustration and despair. In contrast, two younger figures stand at a distance watching with indifference as they hold onto smartphones displaying 'Grayscale' logos on their screens;

Oh boy, Grayscale’s at it again! Launching two new trusts because they think AI and scalable blockchain tech will make them rich off gullible investors. Like we haven’t seen this before – “oh look, shiny crypto with a buzzword attached to it!” Meanwhile, the rest of us know that these tokens are just numbers on a computer created from nothing

Source: bitcoin.com

Grayscale Investments has announced the launch of two new cryptocurrency investment trusts—Grayscale Bittensor Trust and Grayscale Sui Trust. These new offerings aim to provide accredited investors with targeted exposure to the burgeoning fields of decentralized artificial intelligence (AI) and scalable blockchain technology. According to Grayscale, the Bittensor Trust (TAO) and Sui Trust (SUI) are designed as Delaware Grantor Trusts, passively holding their respective underlying assets. The Bittensor Trust focuses on […]

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