OceanPal Secures $120 Million for AI Infrastructure Development
- OceanPal closed a $120 million private investment deal.
- Funds will be allocated to develop AI infrastructure through its subsidiary, SovereignAI.
- SovereignAI aims to acquire up to 10% of the total NEAR token supply.
- The project is backed by the NEAR Foundation, Kraken, and Fabric Ventures.
- Co-CEO Sal Ternullo and COO David Schwed are leading the initiative.
This investment marks a significant step in integrating artificial intelligence with blockchain technology, particularly through the NEAR protocol, which focuses on privacy and automation in asset management.
With plans to secure a substantial share of NEAR tokens, OceanPal is positioning itself as a leader in developing next-generation AI infrastructure.(Source)
