OceanPal Raises $120M for SovereignAI, Acquiring 10% of NEAR Token Supply

OceanPal secures a significant $120 million investment to launch SovereignAI, a subsidiary focused on utilizing the NEAR Protocol. The company plans to acquire up to 10% of NEAR’s token supply, demonstrating strategic alignment and infrastructure development in the realm of AI. This venture will implement a digital asset treasury strategy to support commercializing the NEAR blockchain for enterprise-grade AI solutions across finance, healthcare, and media sectors.