Current Date:February 28, 2025

Coinbase, NEAR, Others Form Alliance to Develop Open AI Services

Introducing the Open Agents Alliance: A Collaborative Effort in AI and Blockchain

A coalition of prominent companies in the cryptocurrency and blockchain sectors has come together to create open artificial intelligence (AI) services by leveraging their combined infrastructure. This newly formed entity, known as the Open Agents Alliance (OAA), includes notable participants such as NEAR AI, the AI and payment divisions of the renowned cryptocurrency exchange Coinbase, along with a variety of other innovative blockchain and AI projects.

The primary objective of the alliance is to ensure secure, open-source, economical, and equitable access to AI technologies. This initiative was highlighted in an announcement sent via email on Thursday, showcasing the commitment of these organizations to democratize AI services.

By pooling their resources, the participating firms will provide a robust infrastructure that includes essential components such as AI agent frameworks, cloud hosting solutions, and streamlined on/off-ramps for both fiat and cryptocurrency transactions. This collaborative effort aims to empower developers to build and deploy cutting-edge AI tools that can benefit from the strengths of decentralization.

In recent years, various crypto and blockchain projects have sought to embrace the growing momentum of AI technologies. Through initiatives like the OAA, these organizations hope to introduce greater transparency, fairness, and accessibility, reflecting a vision of a more decentralized future where AI advancements are available to all.

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