Crypto Giants Form AI Alliance for Open, Economical Access

In a significant development, Coinbase, NEAR, and other prominent players in the crypto and blockchain space have formed an alliance to develop open artificial intelligence (AI) services. The Open Agents Alliance (OAA), launched on Thursday, aims to provide secure, open-source, economical, and fair AI access to developers.

The alliance comprises NEAR AI, the payments and AI arms of crypto exchange Coinbase, and a diverse range of other blockchain and AI projects. The participating organizations will pool their resources to offer combined infrastructure, including AI agent frameworks, cloud hosting, and on/off-ramps to fiat and crypto. This will enable developers to build and deploy AI tools more efficiently and effectively.

The formation of the OAA comes amidst a growing trend of crypto and blockchain projects seeking to leverage the proliferation of AI. These initiatives aim to introduce greater transparency and fairness through decentralization, potentially transforming various industries.

The alliance's focus on open-source and economical AI access aligns with the broader blockchain community's commitment to decentralization and accessibility. By combining their infrastructure and expertise, the OAA members hope to accelerate the development and deployment of AI tools in the crypto and blockchain space.