TechFlow News — The NEAR Foundation has announced that the NEAT protocol has received staking support of 1 million $NEAR tokens to scale artificial intelligence applications on NEAR. All NEAR token rewards generated from staking will be redistributed to $NEAT holders, with an estimated annual yield of approximately 120–200%.
This initiative by the NEAR Foundation aims to support AI and blockchain projects on NEAR and promote broader integration between artificial intelligence and blockchain technologies.
Notably, NEAT is the first Rollup scaling protocol to receive official backing from the NEAR Foundation and will use these funds to attract a wider user base.
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