Venice AI picks NEAR for encrypted AI inference
- —Venice AI runs private inference on NEAR infrastructure
- —Implementation uses Trusted Execution Environments and end-to-end encryption
- —NEAR cites 600 ms blocks, 1.2-second finality and up to 1M TPS
- —No transaction-volume target or token-demand impact was disclosed
Why it matters: It gives NEAR a concrete use case in confidential AI, though the effect on network activity and token demand remains unquantified.
Source: CoinTrust