NEAR has recently announced its participation in NVIDIA’s Inception Program, which is aimed at nurturing the growth of artificial intelligence startups across various stages.
This partnership allows NEAR to leverage NVIDIA’s GPU resources, technical support, and potential connections to venture capital. According to the announcement made on January 13, this collaboration aligns with NEAR’s objective of creating verifiable and privacy-focused AI tools.
The NEAR AI team stated, “By joining this program, we gain access to NVIDIA’s expertise and advanced tools along with their GPU resources. This will help us speed up our development while adhering to the high performance, security, and reliability standards demanded by enterprise clients.”
Additionally, this initiative positions NEAR favorably within NVIDIA’s venture capital network—subject to eligibility—granting them access to specialized investors as well as opportunities for networking with NVIDIA executives during events.
It is important to note that the relationship between NEAR and NVIDIA is not a new one; in fact, NVIDIA Confidential Computing is regarded as a fundamental element of the NEAR AI framework. This technology enables AI operations within secure hardware environments that safeguard data during storage, transmission, and processing—a vital requirement for both enterprise-level applications and government use cases.
The verifiable privacy features offered by NEAR AI Cloud have already been embraced by prominent organizations such as Brave Browser. Furthermore, Solana hinted at a potential integration with NEAR last year when they shared an image featuring Jensen Huang—the CEO of NVIDIA—and Illia Polosukhin—co-founder of NEAR and co-author of the influential “Attention Is All You Need” paper—which underscores their collaborative ties.
Analysis of NEAR Token Price
The native token for this platform currently trades at NEAR$1.85, reflecting an increase exceeding 7% over the past day due in part to news regarding its entry into NVIDIA’s Inception Program.
With a current price around $1.83,
the token has experienced notable volatility over 24 hours amounting to 8.5%.
This chart illustrates the price movements for nearside tokens over a span of twenty-four hours ending January 13 | Source: CoinMarketCap
The trading volume has also seen significant growth reaching $270 million intraday—a rise of 11% compared with yesterday’s figures—which represents approximately 11% share against its market capitalization valued at $2.35 billion placing it firmly in position number thirty-nine according CoinMarketCap rankings.
Lately gaining traction among key market players due largely from successes surrounding initiatives like ‘NEART Intents’, improvements have been made regarding tokenomics including approval received on October twenty-eight reducing annual tail emissions from five percent down two point five percent—with eighty percent validator consensus achieved within network parameters.
Disclaimer:
Coinspeaker strives towards delivering impartial reporting while ensuring transparency throughout articles presented herewith; hence information provided should not be construed strictly financial advice nor investment guidance under any circumstances since rapid fluctuations may occur necessitating independent verification alongside professional consultation prior taking actions based upon content herein discussed.