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Odaily Planet Daily According to official sources, the NEAR Foundation announced that NEAT, an aggregation protocol designed to expand AI applications on NEAR, has received a 1 million NEAR stake delegation from the foundation. All NEAR token rewards from the delegation will be reallocated to NEAT stakers, with an expected APY of approximately 120-200%.
This funding is part of NEAR Foundation's efforts to support AI and blockchain projects on NEAR and promote wider integration use cases of AI and blockchain technology. As the first rollup scaling protocol officially supported by NEAR Foundation, NEAT will use these funds to attract a wider user base to its ecosystem.
NEAT is a scaling solution based on the NEAR inscription standard, designed specifically to promote artificial intelligence and machine learning applications on NEAR.