NEAR Protocol Develops 1.4 Trillion-Parameter AI Model

user avatar

by Giorgi Kostiuk

2 years ago

At its conference in Bangkok, NEAR Protocol announced the creation of the world's largest open AI model with 1.4 trillion parameters.

Development of AI Model

The NEAR project will be supported by crowdsourced research and contributions. Thousands of participants worldwide will collaborate to develop and enhance the model. The process will be accessible through the NEAR AI Research Hub, where users can start by training a smaller 500 million-parameter model.

Monetization and Privacy

One aspect of the model is its business model. NEAR Protocol has reportedly designed a sustainable framework that includes monetizing the model through token sales, intended to fund the costly training and computational needs. Co-founder Illia Polosukhin explained that tokenholders would be reimbursed through the inferences generated by the model. The model will use Encrypted Trusted Execution Environments (TEEs) to safeguard the privacy of participants and users.

Creating a sustainable business model is key for financing large-scale AI projects.Illia Polosukhin

The New AI Assistant

In addition to the model, NEAR Protocol introduced an AI Assistant demonstrating the capabilities of its new AI infrastructure. Polosukhin showcased how the assistant can create a memecoin, design a website, and even search for custom T-shirt printers. In the future, the assistant will be able to book flights, order food, and interact with Web2 services through the blockchain. A key feature is chain abstraction technology, allowing asset swaps across different blockchains.

NEAR Protocol offers new opportunities for AI development with models and assistants for integration with existing systems.

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

CZ Calls Out Elon Musk Amid Binance Hack

Changpeng Zhao, co-founder of Binance, publicly addressed Elon Musk after his mocking response to a significant hack affecting the exchange.

user avatarMaria Fernandez

RUNE Price Surges Amid Ongoing Investigations into Stolen Cryptocurrency

RUNE's price increased from a local low of 0.59 to approximately 0.67 as investigations into stolen cryptocurrency movements through decentralized platforms, including THORChain, intensified.

user avatarGustavo Mendoza

Trezor Issues Urgent Security Warning for Safe 5 Wallets

Trezor has issued a security warning to customers who purchased Safe 5 hardware wallets through the Southeast Asian reseller CryptoBilis since March 2026, advising them to transfer their cryptocurrency to a newly generated wallet due to a potential hidden cellular implant.

user avatarRajesh Kumar

MEXC Introduces Canton 0Fee Carnival for Traders

MEXC has launched the Canton 0Fee Carnival, enabling users to trade CC spot and futures pairs without fees from October 30 to November 30, 2026, and participate in a prize pool of 1 million.

user avatarMiguel Rodriguez

XRP Ledger Foundation Clarifies Proposal's Routine Nature

The XRP Ledger Foundation clarifies that proposed changes to the token approval process are routine improvements and unrelated to any security incidents.

user avatarLuis Flores

XRP Ledger Developers Propose Tighter Token Approval Controls

XRP Ledger developers propose amendments for stricter token approval controls to enhance protocol safeguards and ensure consistent application of approval requirements.

user avatarArif Mukhtar

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.