Bitwise Chief Investment Officer Matt Hougan said in a memo that NEAR is one of the few crypto assets that combines a large long-term vision with an operating business today. He pointed to NEAR’s 198% gain in the third quarter and said the network’s Intents product has just passed $30 billion in cumulative transaction volume. Based on that activity, Hougan said Intents could generate about $45 million in fees this year. He added that part of those fees would be returned to token holders through buybacks. Hougan also argued that NEAR has a stand-alone business even if AI agents do not become mainstream, with the project’s AI vision serving as additional upside rather than the core case.
Bitwise Chief Investment Officer Matt Hougan said in a memo that NEAR is one of the few crypto assets with both a large vision and a real business.
Hougan said NEAR rose 198% in the third quarter. He also said the project’s Intents product has just surpassed $30 billion in cumulative transaction volume and could generate about $45 million in fees this year. Part of those fees, he said, will be returned to token holders through buybacks.
Hougan added that NEAR still has an independent business foundation even if AI agents do not become mainstream. In his view, the AI vision is extra upside.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
