Technological enhancement’s immense scope leads the future generation of various organizations hand to hand to bring advancements and provide services that can give a different exposure of the technology, bringing favors into both communities consumer as well as provider. To achieve further heights many business platforms are overcoming their flaws and building a foundation that can put them forward for better ideologies and working strategies. The retail industry is one of them which is overcome with more advanced features to serve their customers for more profits to both parties.
Over the years, the Retail industry has adopted future technologies and is working on an enhanced way of providing services to their users. The goal is to provide seamless interaction with immense security features working in favor of consumers as well as providers.
NEAR Foundation And Cosmose Ai partnership:
Near, A blockchain-based technology that works in the favor of users and delivers enhanced security and scalability methods. Whereas Cosmose AI technology, established nine years ago, uses analytical tools to predict the way people shop offline.
Cosmose AI’s valuation shot up to $500 million after NEAR Foundation’s investment (undisclosed figure).
Existing retail business frameworks now witnessing a revolution in the shopping experience. Their alliance introduced a new category Shoppertainment which combines shopping, and gamification. Cosmose AI product Kai-Kai has been using Blockchain Operating System for the rewarding system to users. Their partnership developed a payment system that will allow users to deal with shopping using crypto at low prices. NEAR’s technology and ecosystem with Cosmose and together they contributed to ultra-personalized user experience, utilizing their technology for security and satisfaction of users and loyalty towards their product.
CEO’s comments over this embrace partnership of Web3 and AI
Miron Mironiuk CEO of Cosmose said that NEAR will provide a more secure and sustainable way of using the blockchain protocols. He included that he is excited about this future journey of revolution in the retail industry. Cosmose AI not only understands users’ needs and provides support but also maintains pace with leading brands like LVMH, Richemont, L’Oréal, and Estée Lauder.
Marieke Flament CEO of NEAR Foundation said that they will support Cosmose AI as it scales forward and provide new enhanced technology to users where Cosmose AI is already building on NEAR Testnet. This alliance together brings sustainable, transparent, and scalable revolution to this industry. Where NEAR is assisting Cosmose AI in transferring data over the blockchain network which will allow users to access their data transparently and allow them to track their information, their browsed product, app usage, and duration of engagement.
Now, with these enhancements users can not only control their tracking level but can also manage their data about the product recommendation and also reward-based preference will introduce more users toward this future retailing technology.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/04/30/near-foundation-web3-cosmose-ai-alliance-takes-ai-cos-valuation-to-500-million/