Near Foundation announced a fund of $20 million to accelerate the growth of AI Agents within their ecosystem.
This development follows weeks of work by the team to enhance the AI agent section on the platform with new features that improve utility and the user experience.
In the next few months, the Foundation plans to release liquid funds on-chain for agent projects that will power artificial intelligence utilities and consumer-friendly solutions.
$20m. $20m. The AI Agent Fund is a new initiative from NEAR Foundation. The AI Agent Fund is a dedicated investment for decentralized AI solutions and mass-market consumer products.
The Near Foundation is also investing in AI projects to advance on-chain design.
NEAR will work with Frax, Sky and other ecosystems to speed up the implementation of AI-powered agents for profitable opportunities.
Announcement added
The Foundation wants to encourage more developers to explore the possibilities that NEAR technology at the intersection between cryptography and AI can unlock.
NEAR’s AI Agent Development Stack is fully verifiable and includes some core primitives which offer developers a wide range of tooling choices.
Near Foundation is committed to helping financial institutions adopt technological advances.
NEAR believes that AI agents are going to transform business and commerce in the future.
This new fund also supports other initiatives centered on builders within Near Blockchain.
There are also Horizon AI Accelerator categories and AI hackathons to support web3 and AI initiatives.
Near Foundation moves as crypto and artificial intelligence connections are heating up.
OpenAI CEO believes AI agents will unleash their transformational power by 2025.
Sam Altman claims AI agents will “really transform” things in 2025, with their ability to create and use things of value
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AI agents are at the intersection between cryptocurrency and AI – a segment that has “remained largely untapped to date.”
Near Protocol will leverage its AI agent technology to innovate crypto-x AI.
The accelerator fund will be used by builders to develop advanced products and ideas (exclusively available) for the NEAR ecosystem.
NEAR uses artificial intelligence (AI) to improve the adoption of and innovation in the ever-evolving tech world.
The majority of AI interfaces ensure anonymity in the use and training models.
Near is working to make this a thing of the past with its high-end AI technology that allows users full control.
The Foundation has added:
NEAR envisions an ecosystem in which AI advances and community and individual sovereignty are not opposed, but rather work together to create new business opportunities and technology that is no longer controlled solely by mega corporations.
NEAR Price Outlook
The altcoin market had not yet reacted to the AI fund announcement, as its sentiment reflected that of the broader markets.
NEAR’s daily chart shows that it has lost more than 2% of its value, trading at $3.28.
Cryptocurrencies remain downbeat amid macroeconomic woes.
Bitcoin is hovering above $97,000, while the crypto market capitalization has dropped 1.86% to $3.18 billion in the last day.
Near Protocol is also advancing AI technology, which could lead to a profitable future for this crypto project.
The post Near Protocol announces $20M to fund AI Agent Innovation may be updated as new information becomes available.
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