Near Protocol Unveils NEAR.AI Assistant, a Cross-Chain AI Agent That Can Launch Memecoins in Seconds and Search the Web to Buy Products for Fiat

Additional functionality coming soon is expected to enable users to book flights or order takeaway food on Web2 sites.

Near Protocol has launched a new crosschain AI agent in alpha that can launch memecoins in seconds and search the net to purchase merchandise for fiat.

Further performance coming quickly is predicted to allow customers to e book flights or order takeaway meals on Web2 websites.

The NEAR.AI Assistant was once introduced by means of co-founder Illia Polusukhin on the Redacted convention in Bangkok on Oct. 10 native time, the place the protocol has additionally introduced an formidable plan to construct the arena’s biggest open-source AI mannequin. 

Polusukhin demonstrated the talents of the AI Assistant by means of the usage of it to spin up a backstory, internet site and emblem for a brand new Frog memecoin after which on the spot introduced it on Near’s model of Pump.fun.

Near co-founder Illia Polusukhin talking at Redacted in Bangkok. Supply: Cointelegraph

The assistant was once additionally ready to seek the net for a customized T-shirt printer and create a mock internet site interface on the fly to make the method of deciding on and shopping for Near merchandise T-shirts by means of a 3rd celebration more straightforward.

Polusukhin, who was once one of the crucial authors of the groundbreaking Transformer analysis that led to ChatGPT, instructed Cointelegraph that whilst the usage of the assistant to e book flights was once now not to be had within the alpha, “we now have a prototype of that, however it’s now not reside but.”

“But this can be a open platform. Anyone can move proper now and upload extra brokers, as an example, reserving flights, and it’ll successfully get started running in everybody’s assistant,” he stated.

Near Intents

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What makes Near’s AI Assistant distinctive a few of the present AI brokers is chain abstraction generation that permits customers to change any asset to every other merely by means of signing a transaction.

Called Near Intents and to be had in beta with buying and selling limits, it lately permits local asset swaps between Bitcoin, Ethereum, Arbitrum, Base and Near Protocol NEAR $4.98 .

But it has the possible to attach any chain the usage of any pockets, and it can supply swaps to fiat by means of a marketplace maker, which opens up Web2 buying groceries for the agent.

Alex Shevchenko, the founding father of Aurora Labs, instructed Cointelegraph that Solana and Telegram Open Network can be added ahead of the top of the yr, adopted by means of Dogecoin DOGE $0.2782 , BNB BNB $615.62 , Bitcoin Cash BCH $423.48 , XRP XRP $0.5729 and Tron TRX $0.1636 . Intents carry blockchains with out good contracts into the arena of DeFi.

Alex Shevchenko, Founder, Aurora Labs talking at Redacted in Bangkok. Supply: Cointelegraph

Unlike different crosschain protocols, Intents doesn’t use atomic swaps or an intermediary asset reminiscent of THORChain RUNE $5.83 on THORChain, Instead, good contracts on Near talk by means of chain signatures.

Shevchenko demonstrated the generation on degree by means of plugging in a MetaMask pockets, swapping between Tether USDT $1.00 and USD Coin USDC $0.9991 , ahead of then swapping once more into Bitcoin. The transaction settled on Near however was once ready to be on the spot withdrawn to a Bitcoin pockets. 

AI brokers speaking to AI brokers

While the instant use case is swapping local tokens, Shevchenko the Intents protocol had been designed to allow AI brokers to speak and coordinate to percentage duties.

“An AI agent can perceive that: ‘OK I don’t know the best way to open for you a Revolut account, however perhaps there’s an agent who’s ready to do that?’ So then they wish to determine the best way to create an Intent. So one AI agent is pronouncing [to another AI agent], ‘OK, I might prefer to you, for this worth, to open up a financial institution account for my consumer.’”

Presentation slide appearing a deliberate roadmap for Near Intents. Supply: Cointelegraph

The AI brokers would make an settlement, together with dispute decision, after which pay within the required foreign money. 

Related: Near plans to construct world’s biggest 1.4T parameter open-source AI mannequin

On the again finish, marketplace makers be sure that the trades undergo. This permits them to faucet into the liquidity on centralized platforms reminiscent of Binance. Current marketplace makers come with Peanut Trade, with