NEAR Foundation announces delegation of 1 million NEAR to NEAT for AI expansion on NEAR platform

The NEAR Foundation announced that the NEAT protocol has received support from a staking of 1 million NEAR tokens, which will be used to expand artificial intelligence applications on NEAR. All NEAR token rewards generated by staking will be redistributed to NEAT holders, with an expected annual yield of approximately 120-200%.

This initiative by the NEAR Foundation is to support artificial intelligence and Blockchain projects on NEAR, and to promote wider integration of artificial intelligence and blockchain technology.

It is reported that NEAT is the first Rollup extension protocol to receive official support from the NEAR Foundation and will use these funds to attract a wider user base.