NEAR’s Integration with Ethereum and AI Ambitions

While Cardano is integrating with Bitcoin and seeing demand for its native token ADA surge, NEAR has announced its own integration with Ethereum.

Just as Bitcoin wallet users gained direct access to Cardano’s ecosystem via Grail Bridge, Ethereum wallet users can now access NEAR’s ecosystem through the Rainbow Bridge.

How will this affect NEAR’s price against ETH in two weeks? Will we see a similar impact as with ADA/BTC?

NEAR’s price might also be boosted by another big announcement made yesterday: NEAR Protocol plans to launch the world’s largest open-source AI model, powered by decentralized computing and free from corporate control.

NEAR’s co-founder stated that NEAR token holders will start receiving rewards from the AI model’s usage fees. This could drive additional investment interest and further increase demand for NEAR.

Though our experiment won’t be entirely unbiased, let’s give it a go.

Today on rabbit.io, 1 ETH buys 599.65 NEAR. Let’s check the exchange rate in two weeks.