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Artificial Intelligence

NEAR Foundation Launches New Fund For AI Agents

February 7, 2025
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NEAR Foundation AI Agent
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AI agents are coming to crypto. And the NEAR Foundation is betting on it.

‍What’s happening:‍

  • The NEAR Foundation has launched a new $20M USD fund for accelerating the development of new AI agents being built on the NEAR blockchain

Why it matters:‍

  • NEAR is one of the most popular Layer 1 blockchains in crypto and their new fund is looking to compete directly with Ethereum and Solana for becoming the dominant protocol to launch new artificial intelligence projects on

Going deeper:‍

  • The NEAR Foundation has publicly stated they plan to fund new projects using AI agents for disruptive applications across gaming, market making and new types of fully autonomous systems that interact with digital assets
  • AI agents have been quickly gaining traction, with both Sam Altman’s OpenAI and Jack Dorsey’s Block (NYSE: XYZ) just recently launching their first ever AI agents

‍

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