The NEAR Foundation, the organization behind the NEAR Web3 protocol, announced the appointment of five new executives on October 19, 2025, to execute its long-term "user-owned AI" strategy. Key figures include George Zeng, who has been appointed Chief Product Officer and General Manager of NEAR AI, and Bowen Wang as Chief Technical Officer. These appointments are intended to strengthen the team for creating a decentralized AI ecosystem where users, not tech corporations, control their data and AI models. NEARs strategy opposes the centralized approach of Big Tech and aims to build an open and transparent infrastructure for AI based on blockchain technology. This move signals the NEAR Foundations serious intentions to become one of the leading platforms in the emerging Web3 AI sector.
NEAR Foundation Appoints Five Top Executives for "User-Owned AI" Strategy
