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Coinbase, NEAR, Others Form Alliance to Develop Open AI Services
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.
Updated Feb 28, 2025, 2:02 p.m. Published Feb 27, 2025, 11:30 p.m.
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.
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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.
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French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
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