During Nvidia’s recent technology conference, a significant spotlight shone on altcoins with an artificial intelligence (AI) focus, marking a pivotal period for these cryptocurrencies. The event featured a variety of panels that discussed current and future advancements, product introductions, and strategic partnerships, with Near Coin representatives taking part. The latest Near blog post provides insight into these developments, highlighting key points of interest.
NEAR Protocol Showcases Blockchain-AI Synergy
At the NVIDIA GTC 2024 event, the tech giant, with a staggering market valuation of $2.3 trillion, dedicated a segment to cryptocurrencies. NEAR Protocol’s co-founder, Illia Polosukhin, was among the speakers, addressing the fusion of AI model development and blockchain technology’s role in this burgeoning field.
During the “Transforming AI” panel, NVIDIA’s CEO, Jensen Huang, offered insights into the digital economy and the concept of programmable money. Illia Polosukhin spotlighted the challenges and opportunities that arise when AI and blockchain intersect, emphasizing the power of decentralized open networks.
Praise for NEAR’s Vision and Capabilities
A NEAR Coin official detailed their Web3 ambitions in alignment with AI and cryptocurrency at the conference. NVIDIA’s CEO lauded the project, commenting on NEAR’s notable coolness. Polosukhin conveyed the NEAR Protocol’s success in engaging millions of daily users with blockchain technology, many of whom are unaware of the underlying system powering their transactions.
Polosukhin criticized the current model of rewarding content creators, advocating for a new system powered by programmable money and blockchain. He noted the necessity of programmable money’s basic functionalities to enable large-scale coordination among users and groups. Throughout the event, Polosukhin consistently reinforced NEAR’s commitment to integrating the open web, programmable money, and AI, with the overarching promise of combined growth in AI and Web3 spheres awaiting tangible application and testing.