NEAR Token Climbs After AI Partnership and Staking Inflows
- NEAR token surged by 30% to reach an intraday high of $2.25 after announcing a partnership with Bermuda for AI-powered public services.
- The Bitwise NEAR Staking ETP experienced a $3 million inflow, increasing its total assets under management to $36 million.
- Since early May, NEAR has risen over 70%, elevating its market capitalization above the $2.9 billion mark briefly.
- Near Protocol plans a dynamic resharding upgrade in June to enhance infrastructure for AI agents.
NEAR’s recent price surge is driven by strategic moves like partnering with Bermuda for AI services and attracting significant institutional investment through the Bitwise NEAR Staking ETP. The upcoming dynamic resharding upgrade aims to bolster the protocol’s capacity for handling autonomous transactions by AI agents.
The token’s performance highlights growing confidence in Near Protocol’s AI-focused strategy, as evidenced by its market cap rise and substantial staking inflows. (Source)
