NEAR Launches $20M AI Agent Fund; INTL Emerges as AI Crypto Favorite

The NEAR Foundation has unveiled a strategic initiative, the NEAR AI Agent Fund, aimed at advancing developments in the realm of artificial intelligence within the blockchain landscape. This fund will allocate $20 million of on-chain liquidity over the next several months, with a specific focus on fostering the growth of completely autonomous and verifiable agents. By leveraging NEAR technology, the fund seeks to catalyze the emergence of decentralized AI applications and solutions designed for mass-market consumption. The initiative aims to empower developers to create innovative AI use cases, thereby enhancing the overall ecosystem and offering tangible benefits to consumers and businesses alike. As the demand for AI integration in blockchain continues to exhibit exponential growth, the launch of this fund marks a significant milestone in NEAR’s commitment to innovation and leadership in the cryptocurrency space.

In recent news, the crypto market has seen a shift in interest from memecoins to AI-focused cryptocurrencies. IntelMarkets (INTL), an AI-powered trading platform, has emerged as a favorite among whales, standing out for its innovative AI narrative at the crossroads between AI technology, blockchain, and DeFi. With a low market cap and plenty of room to run, INTL has raised over $7.9 million in funding during its ICO, with a token price of $0.082 in the ninth stage. Since its debut, the price has skyrocketed from $0.009 in the first round to the current price, with a projected 75x rally after listing on Tier-1 exchanges.

Meanwhile, Shiba Inu (SHIB) and Dogecoin (DOGE), leading memecoins, have been underperforming this year. SHIB has experienced a 30% decline on the monthly chart, while DOGE has seen a 15% decline in the past week. However, some analysts remain optimistic about their short-term prospects. Despite this, the declining interest in memecoins and the growing interest in AI cryptocurrencies like INTL may make it the best crypto to invest in.

IntelMarkets (INTL) is set to launch in Q1, and its AI-DeFi narrative, along with its small market size, makes it a promising altcoin to invest in. As the crypto market continues to evolve, AI-focused projects like INTL are poised to gain traction and potentially outperform established memecoins like SHIB and DOGE