NEAR Protocol Announces 1.4 Trillion-Parameter AI Model

user avatar

by Giorgi Kostiuk

2 years ago

At a conference in Bangkok, Thailand, NEAR Protocol unveiled its plan to create the world's largest open-source AI model, featuring 1.4 trillion parameters.

1.4 Trillion-Parameter Model

The project involves crowdsourced research and contributions from thousands of participants worldwide. They will collaborate to build and refine the model via NEAR AI Research Hub. Users can start by training a model with 500 million parameters.

Monetization and Privacy

A notable aspect is its business model. NEAR Protocol has developed a sustainable monetization structure through token sales to fund the training and computational needs. Co-founder Illia Polosukhin highlighted the feasibility of raising the necessary $160 million and explained that tokenholders will be rewarded for contributing to the project's success. The model will also protect user privacy through Encrypted Trusted Execution Environments.

AI Assistant: A Glimpse into the Future

In addition to the AI model, NEAR Protocol introduced an AI Assistant, showcasing the infrastructure's capabilities. The assistant can create memecoins, design websites, and find suppliers in seconds. Future enhancements are expected, enabling bookings and orders. A key feature is its chain abstraction technology, allowing assets exchange across multiple blockchains.

NEAR Protocol aims to revolutionize AI technologies with an open and sustainable model, promising a wealth of opportunities.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

OCC Releases New Guidelines for AI in Banking

The US Office of the Comptroller of the Currency (OCC) has released its first supervisory framework for artificial intelligence in banking, focusing on the implications of AI mistakes rather than its capabilities.

user avatarJesper Sørensen

Trump Media Technology Group Shares Experience Significant Decline

Shares of Trump Media Technology Group plunged 14.29% to $5.10, extending a decline that had been ongoing prior to the midterm elections.

user avatarRajesh Kumar

Technology Stocks Show Mixed Results After US Midterm Elections

Technology stocks showed mixed results after the US midterm elections, with some companies gaining while others declined.

user avatarLucas Weissmann

SEC Provides Regulatory Clarity for Canton Coin

The SEC classifies Canton Coin as a digital commodity, providing regulatory clarity for its issuance and distribution model.

user avatarFilippo Romano

Bitbase Launches ORIGIN Points Program to Reward User Engagement

Bitbase has launched the ORIGIN Points program to reward user engagement over 26 weeks, distributing 1,000,000 points weekly starting November 4, 2026.

user avatarEmily Carter

Bitbase Launches ORIGIN Points Program to Reward User Participation

Bitbase has introduced ORIGIN, a new points program rewarding user participation over six months.

user avatarTomas Novak

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.