Grayscale Expands Crypto Candidate List With AI, DeFi and Smart Contract Tokens

The digital asset investment platform added nine artificial intelligence-related projects, seven DeFi (decentralized finance) names, and several smart contract (self-executing blockchain code) assets, with quarterly updates due within 15 days after each quarter ends.

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Summary

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Terms & Concepts

DeFi: DeFi (decentralized finance) refers to blockchain-based financial services such as lending, trading, and borrowing that operate without traditional intermediaries.
Smart contract: A smart contract (self-executing blockchain code) is software stored on a blockchain that automatically carries out predefined actions when conditions are met.
AI tokens: AI tokens are crypto assets associated with projects focused on artificial intelligence-related infrastructure, applications, or ecosystems.