Near Foundation Completes Strategic Investment in Cosmose

Cosmose AI announced that it is working with Near, one of the blockchain protocols competing with Ether. The two are building a payment system that allows users to make purchases with cryptocurrencies at low transaction fees, saving money for both buyers and sellers. As part of the partnership, Near Foundation, a Near nonprofit supporting the development of the protocol's ecosystem, has made a strategic investment in Cosmose. The round, for an undisclosed amount, raises the company's valuation to 500 million from $100 million in a Series A round in 2020