OceanPal Invests $120M in NEAR-Powered SovereignAI Initiative
- OceanPal announced a $120 million Private Investment in Public Equity (PIPE) to fund the new SovereignAI initiative.
- SovereignAI aims to develop autonomous AI infrastructure using the scalable blockchain technology of NEAR Protocol.
- The investment will support the creation of nation-level AI systems and includes a strategy to acquire at least 10% of NEAR Protocol’s native token supply over time.
- NEAR Foundation is enhancing collaborations in decentralized AI, focusing on secure data exchange for AI services within its ecosystem.
- SovereignAI aligns with projects that emphasize blockchain-powered AI ecosystems, leveraging NEAR’s innovation in decentralized prediction and analytics tools.
OceanPal has committed $120 million through a PIPE investment to develop SovereignAI, an initiative utilizing NEAR Protocol‘s blockchain technology for independent AI systems. This venture includes acquiring a significant portion of NEAR’s native tokens, highlighting OceanPal’s strategic focus on blockchain and AI integration.
Source (3.2)https://cryptobriefing.com/oceanpal-120m-pipe-near-sovereignai/?rand=59535
