Bitwise and SVRN Explore NEAR’s Potential in AI-Blockchain Infrastructure
- Bitwise has launched a U.S.-listed NEAR ETF offering spot exposure to the token with staking rewards of approximately 5%.
- SVRN aims to accumulate up to 10% of NEAR’s token supply, integrating it with network infrastructure businesses.
- NEAR has processed over $34 billion in transaction volume, primarily through human-driven interactions.
- The success of both Bitwise and SVRN’s strategies depends on converting NEAR’s transaction volume into sustainable revenue and increased token demand.
Bitwise and SVRN are leveraging NEAR’s capabilities to capitalize on the intersection of crypto and AI technologies. While Bitwise focuses on ETF offerings, SVRN is building infrastructure to support network operations.
Both approaches hinge on transforming NEAR’s existing transaction volume into economic value for investors, highlighting the importance of its role in AI-driven commerce. (Source)
