Coinbase, NEAR Form Open AI Alliance for Blockchain

Coinbase, a leading cryptocurrency exchange, has joined forces with NEAR and other industry players to form the Open Agent Alliance (OAA). The alliance aims to promote open AI services, ensuring secure, open-source, economical, and equitable access to AI for developers.

The OAA is composed of NEAR AI, Coinbase Payments and AI division, and a range of other blockchain and AI projects. The alliance will provide joint infrastructure such as AI agent frameworks, cloud hosting, as well as fiat and cryptocurrency channels, enabling developers to build and deploy AI tools.

The formation of the OAA signals a significant step towards advancing open AI services in the blockchain and cryptocurrency industry. By collaborating and sharing resources, the alliance members hope to foster innovation and make AI more accessible to developers.

The alliance's focus on security, open-source principles, and economic viability aligns with the broader goals of the blockchain and cryptocurrency industry. As the industry continues to evolve, collaborations like the OAA will play a crucial role in shaping its future.