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8V Crypto Academy » Coinbase, NEAR, Others Form Alliance to Develop Open AI Services

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

February 28, 2025
in Breaking, News
Reading Time: 9 mins read
A A

BTC

$84,530.52

+

0.45%

ETH

$2,288.59

–

1.94%

USDT

$0.9999

+

0.05%

XRP

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$2.1985

–

0.01%

BNB

$605.35

–

0.95%

SOL

$137.07

+

1.45%

USDC

$1.0006

–

0.02%

DOGE

$0.2064

+

1.49%

ADA

$0.6442

–

0.32%

TRX

$0.2278

+

0.30%

PI

$2.7320

+

133,344.21%

WBTC

$84,506.27

+

0.65%

LINK

$15.12

–

0.67%

LTC

$126.62

+

1.68%

AVAX

$22.50

+

2.86%

XLM

$0.2829

–

1.19%

SUI

$2.7852

–

3.32%

SHIB

$0.0₄1441

–

0.08%

LEO

$9.1962

+

1.62%

TON

$3.4035

–

2.68%

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The Open Agents Alliance (OAA) consists of NEAR AI, the payments and AI arms of crypto exchange Coinbase and an array of other blockchain and AI projects.

By Jamie Crawley|Edited by Stephen Alpher

Updated Feb 27, 2025, 5:30 p.m. UTCPublished Feb 27, 2025, 11:30 p.m. UTC

Illia Polosukhin, Co-Founder, NEAR Protocol (Stephen Lovekin/Shutterstock/CoinDesk)

What to know:

  • A group of big-name crypto and blockchain entities have joined forces to deliver open AI services using combined infrastructure.
  • The aim of the alliance is to “ensure secure, open source, economical, and fair AI access.”

A group of big-name crypto and blockchain firms have joined forces to deliver open artificial intelligence (AI) services using combined infrastructure.

The Open Agents Alliance (OAA) consists of NEAR AI, the payments and AI arms of crypto exchange Coinbase and an array of other blockchain and AI projects.

STORY CONTINUES BELOW

Don’t miss another story.Subscribe to the Crypto Long & Short Newsletter today.See all newslettersBy signing up, you will receive emails about CoinDesk products and you agree to ourterms of useandprivacy policy.

The aim of the alliance is to “ensure secure, open source, economical, and fair AI access,” according to an emailed announcement on Thursday.

The participating organizations will offer combined 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 have been attempting to capture the zeitgeist of the proliferation of AI in the last couple of years through initiatives that could introduce greater transparency and fairness through decentralization.

Jamie joined CoinDesk as a news reporter in February 2021 after writing widely about crypto and blockchain for two years in other roles. Away from crypto, Jamie runs a lot and loves all things sport. He holds small amounts of BTC, ETH, ADA and LTC.

Jamie Crawley


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