• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

NEAR Protocol Announces Ambitious AI Project

user avatar

by Giorgi Kostiuk

8 months ago


At the Bangkok conference, NEAR Protocol unveiled an ambitious project to develop the largest AI model in the world.

Creation of the Largest AI Model

NEAR Protocol plans to develop an AI model with 1.4 trillion parameters, 3.5 times larger than Meta's current Llama model. The development will involve crowdsourced contributions, with users able to train smaller models via the NEAR AI Research Hub.

Monetization and Data Protection

The project's business model includes monetizing the AI model through token sales to cover training and computational costs. Co-founder Illia Polosukhin emphasized the feasibility of securing $160 million. The model will use Encrypted Trusted Execution Environments to protect data privacy.

AI Assistant: Breakthrough Features

The conference introduced an AI Assistant showcasing NEAR's AI infrastructure capabilities. In the future, it will integrate with Web2 services, offering unique cross-blockchain asset swap technology.

NEAR Protocol's project illustrates a commitment to integrating traditional and decentralized technologies, opening new horizons for AI.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

TON Foundation Clarifies No UAE Government Endorsement for Golden Visa

chest

The TON Foundation clarified that its proposed Golden Visa blockchain initiative is not officially endorsed by the UAE government and remains in early stages.

user avatarGiorgi Kostiuk

BlackRock iShares Bitcoin ETF Reaches 55% Market Share in Spot Bitcoin ETFs

chest

BlackRock iShares Bitcoin ETF increases assets to 700.3 BTC, making up 55% of all Bitcoin in U.S. spot ETFs.

user avatarGiorgi Kostiuk

Bit Digital Changes Strategy: From Bitcoin to Ethereum

chest

Bit Digital announced a significant increase in its investments in Ethereum after selling 280 bitcoins.

user avatarGiorgi Kostiuk

Goldman Sachs: Fed May Start Cutting Rates Earlier Than Expected

chest

Goldman Sachs forecasts that the Fed may begin cutting interest rates in September 2025 amid easing inflation pressures.

user avatarGiorgi Kostiuk

Whale Returns with Massive BTC Short Position

chest

A well-known crypto whale opens a 40x short position on Bitcoin worth $118.8 million, raising market concerns.

user avatarGiorgi Kostiuk

Cryptocurrency: Bitcoin and Ethereum Decline Amidst Surge of MemeCore and AMO Coin

chest

Top cryptocurrencies like Bitcoin and Ethereum show declines while MemeCore and AMO Coin see significant gains.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.