OceanPal Expands Into AI With $120M Funding, Targets 10% of NEAR Token Supply

Shipping company OceanPal has announced a major strategic expansion into artificial intelligence through a $120 million PIPE (Private Investment in Public Equity) deal. The maritime firm is establishing a dedicated AI division that will focus on blockchain and cryptocurrency technologies. As part of this initiative, OceanPal revealed plans to acquire approximately 10% of the total NEAR token supply, signaling significant institutional interest in the NEAR Protocol ecosystem. This substantial investment positions OceanPal as a major player in both the shipping and blockchain sectors, combining traditional maritime operations with cutting-edge AI and cryptocurrency technologies.