DWF Labs Forms Partnership with Near Protocol to Enhance AI Innovation
DWF Labs, a Dubai-based web3 market maker, has partnered with Near Protocol (NEAR) to enhance AI innovation in the Web3 ecosystem. Key points include:
- DWF Labs will invest in AI startups within the Near Protocol ecosystem.
- A $20 million AI Agent Fund was established to support AI and blockchain technology integration.
- DWF Labs aims to support DeFi projects on Near for the launch of AI agents in finance.
- Near Protocol has over $236 million in total value locked (TVL) and a stablecoin market cap exceeding $684 million.
- After the announcement, NEAR's price increased by more than 6%, reaching approximately $5.23.
- AI is anticipated to drive mainstream adoption of digital assets and Web3 protocols.
The collaboration positions both entities at the forefront of blockchain-powered AI solutions.