Grayscale Predicts Blockchains Will Complement AI Technologies

Grayscale's head of research, Zach Pandl, has offered a perspective on the impact of artificial intelligence (AI) on software stocks. According to Pandl, the recent sell-off in tech and software stocks is largely driven by investor anxiety about AI's disruptive potential.

Pandl argues that blockchains will complement AI technologies, enabling them to transact securely over transparent financial rails. He predicts that AI agents equipped with digital wallets will transact over blockchains, leveraging their benefits such as 24/7 availability and global reach.

While Pandl acknowledges that AI may introduce new challenges for crypto networks, he believes that public blockchains can mitigate some of its risks. By providing verifiable records and decentralized infrastructure, public blockchains can counterbalance the trend towards data concentration and control.