SVRN CEO Sal Ternullo joined Paul Barron Network to explain why NEAR sits where AI, privacy, and revenue meet.
He started with NEAR Intents, which has processed more than $32 billion in volume. A user asks for an outcome, such as swapping USDC for Bitcoin, and a network of solvers competes to deliver the best execution. Most users never see the machinery: it runs inside the wallets and apps they already use, and it is expanding from digital assets to more than 400 tokenized equities.
From there Sal covered NEAR's AI products. IronClaw is a secure agent harness, rebuilt from the ground up so credentials and private interactions stay protected, and it runs on NEAR AI's private inference, where prompts and outputs stay confidential and users can prove it. He also explained how the revenue mix works: transactions on near.com send their fees to NEAR buybacks, while distribution partners such as Ledger share fees with the protocol.
"NEAR is designing in such a manner where even the people that are building and the engineers and the operators can't see what's happening in those interactions."
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