Grayscale's research head Zach Pandl used an October 23 note to separate three AI-crypto business models: DATA on contributed training data, USD.AI on GPU-backed lending, and Pearl on computing rewards. The distinction matters more than the label. Credit risk, token rights and paying customers don't travel together by default.
Oct 28, 2026
Oct 28, 2026
Oct 28, 2026
Oct 28, 2026
Oct 28, 2026
Oct 28, 2026
Oct 28, 2026
Oct 28, 2026