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The NEAR Protocol has launched a $20 million AI Agent Fund aimed at scaling decentralized AI applications, marking a strategic move to enhance on-chain automation. This initiative is part of a broader trend in the cryptocurrency sector where artificial intelligence is increasingly integrated into various projects. The fund will provide financial support and resources to innovative agent tokens, as well as access to no-code platforms to facilitate the development of AI projects. Despite the launch, the market for AI tokens has seen a downturn, with the total market cap for AI agent tokens dropping from $10 billion to $6.6 billion in recent weeks. Notably, while many AI tokens experienced significant losses, SNAI reported a 127% gain amidst the market-wide sell-off. The NEAR Foundation's focus on AI-driven applications in gaming and finance could be transformative, although successful execution remains critical.
AI Agent Analysis: Mindshare vs Market Cap (February 7th, 2025) Signs of life! AI coins experience a relief rally in projects that have unique value propositions; @swarmnode leads and new solutions emerge on Binance Smart Chain Meanwhile, Story Protocol grabs attention with the… https://t.co/JY64DOgsWg https://t.co/QQ7g4E0Ms9
#1 signal if a meta is gonna make it: Are the leaders leading? @ai16zdao in war mode. Platform 95% complete + V2 framework about to launch + team restructuring. @arcdotfun $ARC strongest recovery off of market bounces. About to launch their agent platform + shipping new…
AI TOKENS CRUSHED AS LIQUIDITY ROTATES OUT AI agent tokens are getting hammered: $10B market cap shrunk to $6.6B in weeks. FARTCOIN, AI16Z, and VIRTUAL posted double-digit losses—while SNAI defied the trend with a 127% gain. Market-wide sell-off isn't killing the AI narrative,… https://t.co/9qIEADN8D4
