OceanPal Don Raise $120M to Launch SovereignAI, Don Buy 10% NEAR
OceanPal Inc. don raise $120M for one private equity round to launch SovereignAI, one subsidiary wey focus on commercializing NEAR Protocol. Backed by NEAR Foundation under one shared “AI sovereignty” vision, SovereignAI go build privacy-preserving AI infrastructure for NEAR’s layer-1 blockchain using NVIDIA technology. The venture plan crypto treasury strategy to buy up to 10% of NEAR’s token supply. OceanPal name Sal Ternullo as co-CEO and David Schwed as COO. Illia Polosukhin, NEAR Foundation CEO, join advisory board alongside Richard Muirhead (Fabric Ventures) and Lukasz Kaiser (OpenAI). NEAR Protocol, wey dem launch for 2020, dey enable autonomous AI agents to manage digital assets across networks. This move show how AI agents and blockchain dey work well together for DeFi and institutional use. Traders suppose dey watch for market impact as NEAR supply tight and demand dey rise.
Bullish
Di plan wey dem get to buy up to 10% of NEAR token supply by one new institutional treasury go make demand increase and e go reduce di tokens wey dey circulate. Support wey NEAR Foundation and NVIDIA tech dey give for AI infrastructure dey add credibility and e dey show say ecosystem go grow for long term. For short term, e fit make price go up and create bullish momentum. For long term, better utility wey AI-driven use cases go bring fit attract more users and developers, e go support steady growth for NEAR token value.