In a landmark move bridging traditional finance with emerging technologies, Nasdaq-listed OceanPal Inc. has secured $120 million through a private investment to launch SovereignAI, a subsidiary dedicated to commercializing the NEAR Protocol and developing privacy-preserving AI infrastructure. The venture represents one of the most significant corporate adoptions of crypto treasury strategies, with plans to acquire up to 10% of the NEAR token supply, creating a public market vehicle for exposure to blockchain and AI convergence.
about OceanPal Raises $120M for NEAR-Based AI VentureNEAR Foundation
0 in Finance and 0 in Crypto last weekNear Foundation Develops AI Delegates for DAO Voting
The Near Foundation is pioneering artificial intelligence-powered delegates to vote on behalf of DAO members, addressing chronic low participation rates in decentralized governance. This innovative approach will roll out in stages, evolving from chatbot-like models to personalized digital representatives. The system aims to transform governance decisions into instantaneous mathematical calculations, potentially revolutionizing how decentralized organizations operate.
about Near Foundation Develops AI Delegates for DAO VotingEverclear & NEAR Partner to Scale Cross-Chain Liquidity
Everclear, a cross-chain clearing and settlement protocol, has announced a strategic partnership with the NEAR Foundation to advance liquidity solutions in the DeFi space. The collaboration includes solver capital deployment and a multi-faceted investment to support Everclear’s growth. The protocol, which recently surpassed $1B in transaction volume, will integrate NEAR’s tech stack to scale liquidity and streamline cross-chain transactions. NEAR co-founder Illia Polosukhin highlighted the importance of unifying liquidity for AI and human users, while Everclear CEO Dima Khanarin projected billions in monthly volume growth. Everclear has seen rapid expansion, supporting 23 chains and onboarding top DeFi protocols like Li.Fi and Across. Backed by major investors, Everclear aims to eliminate fragmentation in the digital asset economy, mirroring traditional finance giants like Visa and SWIFT.
about Everclear & NEAR Partner to Scale Cross-Chain Liquidity