NEAR Foundation Unveils 'Near AI' R&D Lab and 'HZN' Incubator for Web3 AI
CryptoNewsTerminal Staff22 May, 2024
NEAR Foundation Unveils 'Near AI' R&D Lab and 'HZN' Incubator for Web3 AI
NEAR Foundation, the entity behind layer 1 blockchain Near Protocol (NEAR), has launched Near AI, a research and development (R&D) lab dedicated to advancing AI development for building end-to-end (E2E) Web3 applications. Near AI, co-founded by NEAR Foundation CEO Illia Polosukhin and co-founder Alexander Skidanov, aims to explore the integration of AI technologies within the Web3 ecosystem. In addition to Near AI, the NEAR Foundation has also introduced HZN, an incubator program designed to support early-stage Web3 AI projects. HZN will provide mentorship, funding, and technical resources to promising startups in the field, fostering innovation and collaboration within the Web3 AI space. This move underscores the NEAR Foundation's commitment to driving the adoption of AI technologies within the blockchain industry and beyond.
