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Especially for artificial intelligence-focused altcoins, last week was quite significant as Nvidia announced a number of important developments. There were panels discussing products, partnerships, future visions, and current evaluations. Among these, officials from Near Coin were present. The latest blog post published by Near contains some important details.
NEAR Coin
Nvidia, the world’s third-largest company, has a market value of 2.3 trillion dollars. The NVIDIA GTC 2024 event took place last week, and it included a segment dedicated to cryptocurrency. Among the speakers was NEAR Protocol‘s co-founder Illia Polosukhin, who focused on topics such as the development of artificial intelligence models and the role of blockchain in this field.
At the Transforming AI panel, NVIDIA‘s CEO and co-founder Jensen Huang touched on topics like the digital economy and programmable money. Illia highlighted the challenges and opportunities arising from the convergence of artificial intelligence and blockchain, drawing attention to the potential of decentralized open networks during this panel.
NEAR Coin Impresses
A NEAR Coin official explained their Web3 goals in the context of artificial intelligence and cryptocurrency during the event, and also received praise from Nvidia’s CEO. Here, Jensen expressed his belief that “NEAR is very cool.” Illia Polosukhin stated the following;
“NEAR has the largest user base in the blockchain space. We’re talking about millions of daily users who aren’t even aware they’re using blockchain. But in reality, they are interacting with programmable money and programmable value. And now we are bringing back some of these artificial intelligence tools to produce more data.
The way we reward content creators is currently broken. And the only way to fix it is by leveraging programmable money, programmable value, and blockchain. You need the basic primitives of programmable money because it’s what allows users and groups to coordinate people on a large scale.”
Throughout the event, the NEAR co-founder emphasized the protocol’s role in bridging the gap between the open web, programmable money, and artificial intelligence. While artificial intelligence and Web3 initially promise potential for joint growth, we will have to experience and see its applicability.
