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Blockchain-based companies, including Coinbase and NEAR, along with others, come together to initiate collaborative efforts in creating open artificial intelligence services.

The Open Agents Alliance, or OAA, is a collective that includes NEAR AI, the AI division of Coinbase Payments, as well as various other companies specializing in blockchain and artificial intelligence technology.

Crypto Companies Coinbase, NEAR, and Other Entities Band Together to Create Open AI Solutions
Crypto Companies Coinbase, NEAR, and Other Entities Band Together to Create Open AI Solutions

Blockchain-based companies, including Coinbase and NEAR, along with others, come together to initiate collaborative efforts in creating open artificial intelligence services.

In the rapidly evolving landscapes of artificial intelligence (AI) and the metaverse, two alliances are making significant strides. The Open Agents Alliance (OAA) and the Open Metaverse Alliance for Web3 (OMA3) are shaping the future of these domains through their unique focuses and goals.

The Open Agents Alliance (OAA) is a consortium of blockchain and AI companies, including Coinbase and NEAR, that aims to develop an infrastructure for delivering open AI services. This infrastructure encompasses AI agent frameworks, cloud hosting, and on/off-ramps to both fiat and crypto, ensuring secure, economical, and fair AI services for its participating members. The OAA's primary goal is to foster collaboration in AI research and development, creating an open ecosystem for AI services.

In contrast, the Open Metaverse Alliance for Web3 (OMA3) was formed in July 2022 by industry leaders such as Animoca Brands, Decentraland, The Sandbox, and Dapper Labs. This alliance aims to shape and advance the metaverse ecosystem through open standards and Web3 technologies. The OMA3's focus is on interoperability, decentralized identity, and cross-platform virtual experiences, fostering collaboration among companies and developers to build an open, user-centric metaverse aligned with blockchain and Web3 principles.

While the OAA concentrates on AI agent interoperability standards, the OMA3 is dedicated to creating an open, interoperable metaverse ecosystem. The differences between these two alliances are fundamental, with the OAA operating primarily in the AI and multi-agent systems domain, and the OMA3 focusing on the metaverse, virtual worlds, and Web3/blockchain technologies.

The AI sector has seen a surge in growth, with the emergence of generative AI apps like OpenAI's GPT-4, DeepSeek, Google's Gemini, Meta's Llama-3, and others. However, these AI apps, while demonstrating a high level of learning ability and efficiency, have also faced criticism due to rising privacy and security concerns.

Web3 AI, on the other hand, promotes an equitable economic model for contributors and users, emerging as a more secure alternative in the past couple of years. Both the OAA and the OMA3 are poised to play crucial roles in addressing these concerns and shaping the future of AI and the metaverse.

The Open Agents Alliance (OAA) is planning to incorporate Web3 technology into its AI infrastructure, aiming to provide secure, economical, and fair AI services for its members.This move aligns with the OMA3's efforts, who, focused on the metaverse and Web3, are striving to foster interoperability and user-centric virtual experiences using decentralized identity and cross-platform technologies.

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