OceanPal invests on Ai

OceanPal Inc. raised $120 million to launch SovereignAI, a new subsidiary focused on combining AI and blockchain through NEAR Protocol. The company plans to buy up to 10% of NEAR’s total token supply and partner with the NEAR Foundation to build decentralized AI infrastructure. OceanPal also appointed new executives and added NEAR’s cofounder, Illia Polosukhin, to its advisory board This move shows growing interest in merging AI and crypto. Buying a large share of NEAR signals strong confidence but also high risk, as the crypto market remains volatile. If executed well, this could position SovereignAI as a key player in decentralized AI—but for now, it’s more of a bold bet than a guaranteed success.

Sourced from TradingView