Last week marked a significant moment for altcoins focused on artificial intelligence, as Nvidia made several important announcements. The company held the NVIDIA GTC 2024 event, which featured discussions on products, partnerships, future plans, and current evaluations. Notably, representatives from Near Coin were in attendance, and they shared some key details in their latest blog post.
Nvidia, the third-largest company in the world with a market value of $2.3 trillion, dedicated a segment of the event to cryptocurrency. Illia Polosukhin, co-founder of NEAR Protocol, was among the speakers. He focused on topics such as the development of artificial intelligence models and the role of blockchain in this field.
During the Transforming AI panel, Jensen Huang, CEO and co-founder of NVIDIA, touched on subjects like the digital economy and programmable money. Illia highlighted the challenges and opportunities that arise from the convergence of artificial intelligence and blockchain. He drew attention to the potential of decentralized open networks in this context.
One NEAR Coin representative elaborated on their goals in the context of artificial intelligence and cryptocurrency during the event. Their efforts received praise from Jensen Huang, who expressed his belief that NEAR is “very cool.” Illia Polosukhin further emphasized the protocol’s role in bridging the gap between the open web, programmable money, and artificial intelligence throughout the event.
While the combination of artificial intelligence and Web3 holds promise for mutual growth, its practical applicability remains to be seen. Illia Polosukhin acknowledged the potential but also highlighted the need to experience and assess its effectiveness.
Disclaimer: This article does not provide investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and conduct their own research.
