OceanPal Secures $120 Million to Build Privacy-Focused AI Infrastructure on NEAR Blockchain

OceanPal, a Nasdaq-listed firm, has secured $120 million in private investment equity for the launch of SovereignAI Services LLC. This new subsidiary will focus on developing blockchain-based infrastructure for artificial intelligence. The company plans to use this funding to build a digital asset treasury strategy that includes acquiring up to 10% of the NEAR token supply. 10% of NEAR tokens are meant to be bought to support decentralized AI systems.