Crypto Giant Grayscale Launches New Trusts for Bittensor (TAO) and Sui
Crypto giant Grayscale is launching new trusts for machine learning marketplace Bittensor (TAO) and smart contract platform Sui Network (SUI). In a new press release, the world’s largest crypto asset manager says it’s launching the new products due to growing consumer demand for diversification. “Grayscale Bittensor Trust is solely invested in TAO, the token underpinning the Bittensor protocol, which leverages tokens to incentivize the development of open-source AI. Grayscale Sui Trust is focused solely on investing in SUI, the token underpinning the Sui protocol, a high-performance layer-1 smart contract blockchain designed to enable globally scalable decentralized applications.” According to the press release, the trusts will function the same as other single-investment trusts offered by the firm and are among the first products to solely invest in the TAO and SUI tokens. As stated by Rayhaneh Sharif-Askary, Grayscale’s head of p...