The NEAR Foundation has partnered with Cosmose AI, a number one AI and retail analytics agency, to construct a fee system permitting customers to buy with crypto at low transaction charges, saving cash for each patrons and sellers. As a part of the partnership, the NEAR Foundation has made a strategic funding in Cosmose AI, which is now valued at $500 million.
NEAR Foundation Invests in Cosmose AI For Crypto Payments
NEAR Protocol in a blog on April 24 revealed that it has partnered with Cosmose AI to revolutionize retail consumer expertise with Web3 and AI applied sciences. Cosmose AI makes use of the NEAR Blockchain Operating System (BOS) and AI-powered retail information to supply customized consumer experiences.
Miron Mironiuk, founder and CEO of Cosmose, stated:
“NEAR is the most secure, scalable, and sustainable blockchain protocol. As such, we’re grateful for the ongoing support from NEAR Foundation and are excited about what’s to come. Having built on NEAR in 2022 and while working with NEAR Foundation we discovered that our visions for the Web3-driven future are aligned.”
Cosmose AI suite of retail options consists of the Singapore-based gamified purchasing app KaiKai and different AI-powered retail personalization instruments, which can additional enhance with assist of NEAR’s expertise and ecosystem and tackle privateness and information safety points.
Cosmose and its KaiKai cellular app are trusted by high manufacturers together with LVMH, Richemont, L’Oréal, and Estée Lauder. It includes a native cryptocurrency referred to as Kai-Ching, which allows customers to make use of it like different retail rewards applications.
The Near Foundation and Cosmose AI purpose to focus on no less than one billion customers with its AI and Web3-powered fee system. While fee processing companies Stripe and PayPal cost 10% for transactions, KaiKai will permit customers to save lots of 50 instances greater than different crypto fee companies.
NEAR Price Rallied After NEAR Blockchain Operating System Launch
NEAR Foundation is making strides within the Web3 area, turning into one of many main contributors to Web3 ecosystem. Last yr, the inspiration launched a $100 million fund devoted to Web3 ecosystem improvement and partnered with different firms for Web3 developments.
In March, Near Protocol launched a Web3-focused blockchain working system (BOS) to concentrate on consumer expertise and permit Web3 builders to construct apps. The NEAR worth rallied over 30% to hit a excessive of $2.40.
NEAR price fell over 3% within the final 24 hours, with the worth presently buying and selling at $1.87. The unfavorable sentiment amongst merchants has pushed again crypto costs within the broader crypto market.
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