NEAR Foundation Launches $20M AI Agent Fund to Boost Blockchain Innovation
1min read The NEAR Foundation, a non-profit organization dedicated to promoting the NEAR Protocol, has launched a $20 million artificial intelligence (AI) agent fund, the NEAR AI Agent Fund. The fund aims to support the development and deployment of AI agents on the NEAR Protocol, a decentralized, open-source platform for building and scaling blockchain applications.
The NEAR AI Agent Fund will focus on investing in projects that leverage AI to create innovative and useful applications on the NEAR Protocol. The fund will provide financial support, as well as technical and strategic guidance, to help these projects succeed. The NEAR Foundation is committed to fostering a vibrant ecosystem of developers and projects on the NEAR Protocol, and the NEAR AI Agent Fund is a key part of this effort.
The launch of the NEAR AI Agent Fund comes at a time when AI is increasingly being recognized as a powerful tool for building decentralized applications (dApps) on blockchain platforms. AI agents can help dApps to become more intelligent, adaptive, and user-friendly, enabling them to better serve their users and compete in the rapidly evolving blockchain landscape.
The NEAR Protocol is well-positioned to benefit from the growth of AI in the blockchain space. The NEAR Protocol's unique architecture and features, such as its sharding mechanism and Nightshade consensus algorithm, make it an ideal platform for building scalable and efficient AI-powered dApps. The NEAR Foundation's launch of the NEAR AI Agent Fund is a testament to the organization's commitment to driving innovation and growth on the NEAR Protocol.
