The 4 AI sub-tracks that Grayscale is most focused on: Bittensor Subnet: TAO is currently the largest AI asset by market cap, mimicking Bitcoin's halving mechanism, halving once every 4 years. The first halving will occur this year. Additionally, interest in the Bittensor Subnet is accelerating. Distributed Training: The most promising AI sub-track in Grayscale's view. Notable projects include @PrimeIntellect, @gensynai, and @NousResearch, some of which may have their TGE this year. AI Protocols Generating Sustainable Revenue: @grass has achieved tens of millions of dollars in annualized revenue by selling scraped web data; another example is @virtuals_io, which is projected to have an annualized revenue of about 30 million dollars by May 2025, primarily from transaction fees of AI agent tokens on the platform. AI Agents and Stablecoins: In the foreseeable future, AI agents will integrate with stablecoin payment solutions. 🧐 Save it for slow research.