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

Major crypto and blockchain companies have joined forces to provide open artificial intelligence (AI) services using a unified infrastructure. The Open Agents Alliance (OAA) is made up of NEAR AI, the payments and AI arms of crypto exchange Coinbase, and a number of other blockchain and AI projects.

The alliance aims to provide secure, open-source, cost-effective, and fair access to AI. Participating organizations will offer unified infrastructure such as AI agent frameworks, cloud hosting, and on/off-ramps to fiat and crypto, to allow developers to build and deploy AI tools.

Crypto and blockchain projects are looking to capture the zeitgeist of AI adoption in the last couple of years with initiatives that could provide greater transparency and fairness through decentralization.

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