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Cryptocurrency Companies Coinbase, NEAR, and Others Combine Forces to Create Open AI Solutions

Formed under the name Open Agents Alliance (OAA), it unites NEAR AI with Coinase's AI and payments division, along with various other blockchain and AI companies.

Cryptocurrency Companies Coinbase, NEAR, and Others Band Together to Create Artificial Intelligence...
Cryptocurrency Companies Coinbase, NEAR, and Others Band Together to Create Artificial Intelligence Solutions Open to All

Cryptocurrency Companies Coinbase, NEAR, and Others Combine Forces to Create Open AI Solutions

In the rapidly evolving world of Artificial Intelligence (AI), the Open Agents Alliance (OAA) has emerged as a pioneering force, dedicated to fostering the development of open and secure AI services. Formed by Coinbase, NEAR, and several other blockchain and AI companies, the OAA's mission is to create an ecosystem that provides access to secure, open, economical, and fair AI services.

The OAA's focus is on enabling AI agents from different sources to work together securely and openly, supporting the broader development of trustworthy AI ecosystems. By creating standards and protocols, the OAA aims to allow autonomous or semi-autonomous AI agents to communicate and collaborate seamlessly, encouraging innovation while ensuring security, transparency, and respect for user privacy and agency.

The OAA's efforts are not dissimilar to those of the Open Metaverse Alliance for Web3 (OMA3), which was formed in July 2022 by Animoca Brands, Decentraland, The Sandbox, Dapper Labs, and others. Both alliances share a common goal of creating an open infrastructure for delivering services. The OAA's infrastructure includes AI agent frameworks, cloud hosting, and on/off-ramps to both fiat and crypto, offering a combined infrastructure to participating members for AI tools deployment.

The AI sector is currently experiencing a surge in growth, with the emergence of generative AI apps like OpenAI's GPT-4, DeepSeek, Google's Gemini, and Meta's Llama-3. These AI apps have demonstrated a high level of learning ability and efficiency. However, the OAA continues to face criticism due to rising privacy and security concerns.

Despite these challenges, the OAA remains committed to its mission. Web3 AI, the philosophy that the OAA promotes, emphasises an equitable economic model for contributors and users, ensuring that the benefits of AI are distributed fairly. The OAA's vision is to establish an open architecture for AI agents that can be widely adopted, promoting a decentralized and trustworthy AI landscape.

In summary, the Open Agents Alliance is a coalition working to develop open standards and secure frameworks that enable AI agents to interoperate safely and transparently, contributing significantly to the open and secure development of AI services. As the AI industry continues to evolve, the OAA's role in ensuring a secure, open, and equitable AI ecosystem becomes increasingly important.

The Open Agents Alliance (OAA) is also echoed in the Open Metaverse Alliance for Web3 (OMA3), both sharing a vision to create an open infrastructure for various services, including the metaverse and AI. With the growth of AI applications like OpenAI's GPT-4, DeepSeek, Google's Gemini, and Meta's Llama-3, the OAA's web3 AI philosophy strives for an equitable economic model, ensuring fair distribution of AI benefits while developing secure and transparent AI services.

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