Bitwise, SVRN Bet on NEAR as AI Infrastructure Thesis Takes Shape

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Bitwise and SVRN are backing NEAR as infrastructure for AI applications, reflecting a broader investment thesis that blockchains could support decentralized, agent-driven services. The bet centers on NEAR’s ability to provide scalable transactions and infrastructure for AI use cases, though adoption and demand remain unproven. This is a development in the wider crypto market, not a direct change to Bitcoin’s fundamentals; it may, however, intensify competition for capital and attention across digital assets.

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