NEAR Foundation Unveils $20 Million AI Agent Fund to Boost Decentralized AI Development

On February 6, the NEAR Foundation unveiled the NEAR AI Agent Fund, a strategic initiative aimed at advancing developments in the realm of artificial intelligence within the blockchain landscape. This fund will allocate $20 million of on-chain liquidity over the next several months, with a specific focus on fostering the growth of completely autonomous and verifiable agents. By leveraging NEAR technology, the fund seeks to catalyze the emergence of decentralized AI applications and solutions designed for mass-market consumption. The initiative aims to empower developers to create innovative AI use cases, thereby enhancing the overall ecosystem and offering tangible benefits to consumers and businesses alike. As the demand for AI integration in blockchain continues to exhibit exponential growth, the launch of this fund marks a significant milestone in NEAR’s commitment to innovation and leadership in the cryptocurrency space.