Coinbase and NEAR have formed the Open Agents Alliance to develop AI tools

The infrastructure created by the alliance members will allow third-party developers to launch artificial intelligence agents

28.02.2025 - 14:25

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What’s new? Coinbase, the leading US centralized crypto exchange (CEX), the NEAR blockchain, and several other crypto firms have formed the Open Agents Alliance (OAA) to develop open services based on artificial intelligence technologies using a combined infrastructure.

Press release

What else is known? As stated by the project members, its goal is to provide secure, open, and fair access to AI with the ability to earn money.

Participating organizations will offer federated infrastructure such as frameworks for creating AI agents, cloud hosting, and payment gateways for depositing and withdrawing money in cryptocurrency and fiat.

All of these tools will allow developers to build and run AI tools and share revenue with hardware and software providers.

Agent AI tokens have collapsed by 90% since January

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Projects Eliza Labs, Phala Network, Aethir, Akash, Hyperbolic, Exabits, IQ AI, Nevermined, Silverstream, Datrics, HOT, Doppelgangers.ai, Bitte Protocol, SWEAT Economy, Arc, Frax Finance, and Mother DAO have also joined the alliance.

The alliance presented a manifesto in which it called AI a public good and said that users should own their data and AI agents should be economic actors offering more than just information.

In addition, the OAA emphasized that participants in open-source projects should be able to be rewarded for their work.

“As the global web continues to shift toward mobile users, we believe AI must be accessible to everyone. In partnership with leaders in hosting, privacy, and payments, we're building a globally distributed network that can provide AI services securely, confidentially, and at no cost to end users. This effort spans far beyond the current 350 million blockchain users, extending the power of crypto to deliver accessible AI tools to all,” said Illia Polosukhin, the co-founder of NEAR.

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