NEAR Protocol runs a fully sharded, proof-of-stake blockchain designed for mainstream Web3 adoption. Its Chain Abstraction enables scalable performance to support billions of users, with validators securing the network and developers building DeFi, NFT, and other apps. Transactions incur fees and staking rewards provide the main revenue, making the platform self-sustaining. The goal is to be a foundational, easy-to-use platform that combines scalability, security, and broad accessibility for developers, enterprises, and end-users.
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Industries
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$535.7M
Headquarters
San Francisco, California
Founded
2018
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Total Funding
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NEAR, the open infrastructure provider for the agent economy, wrapped up TOKEN2049 Singapore with a focus on private AI and finance, quantum security, and infrastructure for AI agents. Robinhood Chain and Quantus Network's post-quantum asset, QTC, went live on near.com and NEAR Intents during the week. Users can swap Robinhood assets against 180+ assets across 30+ chains without manually navigating bridges. QTC supports confidential trading across 30+ chains. On October 8, NEAR and Quantus co-hosted Quantum & Privacy Day, where builders discussed what post-quantum security requires. NEAR accounts already support the post-quantum ML-DSA signature scheme on mainnet, with no asset migration required. Co-founder Illia Polosukhin gave a keynote arguing for AI and finance that are confidential by default. Bitwise cited more than $30 billion in cumulative NEAR Intents volume.
Crypto's post-quantum shift and Privacy renaissance take center stage at Quantus and NEAR's Quantum + Privacy Day at TOKEN2049 Singapore. Bitwise, Grayscale, Dragonfly, Balaji Srinivasan, Zcash's Zooko Wilcox, and NEAR's Illia Polosukhin convene to plan crypto's migration to quantum-safe, privacy-preserving infrastructure Singapore, October 8, 2026 - Quantus and NEAR Foundation will host Quantum + Privacy Day on Thursday, October 8, 2026, as a side event of TOKEN2049 Singapore. Built for security researchers, application builders, and capital allocators, the event features keynotes and panel discussions with crypto and finance industry luminaries such as Illia Polosukhin, co-founder of NEAR, Hunter Horsley, CEO of Bitwise, Krista Lynch of Grayscale, Haseeb Qureshi, managing partner at Dragonfly, and Balaji Srinivasan, angel investor and founder of Network School. Quantum + Privacy Day will take place at Tower Club, Republic Plaza, from 1:00 p.m. to 8:00 p.m. SGT, followed by an evening of networking. The program brings cryptographers, protocol builders, investors, and researchers into one room to dive into the ways the industry can protect blockchain networks from the increasingly powerful quantum computers which will soon have the ability to break the cryptography securing them today. A quantum computer that forges signatures can not only corrupt blockchain ledgers but also strip the privacy from every transaction they record. The conversations and keynote presentations at Quantum + Privacy Day will look at both quantum-safe cryptographic schemes for securing assets, as well as privacy infrastructure for encrypting assets... Quantus CEO Chris Smith will open the program with a keynote on the quantum threat and what the crypto industry needs to do to address it. Later speakers will debate Bitcoin's privacy model, whether pre-quantum chains remain viable, and what quantum risk means for digital stores of value. Raghav Gulati and Quantus co-founder Joe Mattia will also discuss what comes after mainnet launch and how a new asset reaches the market. Later sessions will focus on implementation and migration, as speakers explain what it takes to bring post-quantum cryptography into production. They will discuss algorithms, key exchange, and NIST standards, along with ways users can protect their assets before every Layer 1 upgrade. Smith will speak alongside Illia Polosukhin, co-founder of NEAR, and Alex Shevchenko, CEO of Aurora Labs. Zooko Wilcox of Zcash and Alex Pruden, CEO of Project Eleven, are also confirmed. "We are very excited about our partnership with NEAR. Both Quantus and Near support post-quantum transactions today and are therefore leaders in the great quantum migration," says Christopher Smith, co-founder and CEO of Quantus. "Our Quantum and Privacy event is bringing together thought leaders from across the blockchain space to discuss how to adapt to the changing cryptographic landscape." The investor side of the program brings Hunter Horsley, CEO of Bitwise; Krista Lynch of Grayscale; and Haseeb Qureshi, managing partner at Dragonfly. Balaji Srinivasan, angel investor and founder of Network School, joins them. Quip Network co-founders Colton Dillion and Richard Carback round out the lineup, together with Raghav Gulati, former CEO of CoinList. The Rollup will livestream the talks, and additional speakers will be announced ahead of the event. "Quantum computing poses a threat to the cryptography underpinning all current blockchain security,"said Illia Polosukhin, Co-Founder of NEAR. "Quantum + Privacy Day is a chance to hear from top researchers, builders, and investors and discuss how infrastructure providers, wallets, and builders are preparing for the post-quantum reality and building toward a more resilient, privacy-preserving onchain economy." NEAR has already shipped post-quantum signing to mainnet, using ML-DSA, the NIST-standardized signature scheme Quantus also builds on. The release is the first milestone in NEAR's quantum security roadmap. The program is built for security researchers, application builders, and capital allocators. Exchanges, custodians, and institutions holding assets on chain face the same migration on their own roadmaps. The event is sponsored by Project Eleven, Zcash, Vizor Wallet, Quip Network, Keystone, and Network School, several of which also have founders on the program. After the talks, guests can stay for drinks, food, networking, and a casual Super Smash Bros. tournament. Space is limited, and registration is open at https://luma.com/jtof4o9b. About Quantus. Quantus is quantum-secure encrypted money. It's a layer 1 proof-of-work blockchain with a 21 million supply cap and post-quantum security, and it is private by default. Quantus uses ML-DSA for key generation and transaction signatures, plus zero-knowledge proofs for scaling and privacy. Quantus also built migration.fail, a public tracker of how much of the crypto industry is still vulnerable to quantum computing. About NEAR. NEAR is the open infrastructure powering the agent economy. NEAR's vertically integrated stack connects NEAR Intents for cross-chain execution, NEAR AI for confidential and verifiable AI, IronClaw for a secure agent harness, and sharded blockchain infrastructure for 1M+ TPS scalability. near.com is NEAR's unified front-end: one account, 30+ chains, and confidential cross-chain swaps, perps, RWAs, and earn in a single interface. With $30B+ in cross-chain volume and AI integrations with Abound, Brave Nightly, the Government of Bermuda, OpenMind, Venice AI, and more, NEAR is where agents transact. Learn more at https://www.near.org/.
Infinex integrates NEAR Chain Signatures for Bitcoin, DOGE, XRP access. 2026-10-04 11:34:09 Key takeaways. * Infinex integrated NEAR Chain Signatures and NEAR Intents for cross-chain Bitcoin, Dogecoin, and XRP access. * NEAR Intents connects 31 chains and 100+ assets with approximately 30-second cross-chain settlement times. * NEAR's Intents network enables users to specify desired results and protocol automatically routes transactions across blockchains. Infinex integrated NEAR Chain Signatures and NEAR Intents, expanding cross-chain access to Bitcoin, Dogecoin, and XRP without requiring manual bridge and wallet management. The integration connects Infinex to NEAR's chain-abstraction infrastructure, allowing applications to interact with assets across multiple blockchains from a single interface. NEAR Chain Signatures use a multi-party computation network secured by NEAR validators to authorize transactions on external chains. NEAR Intents connects 31 chains and 100+ assets. NEAR Intents currently connects 31 chains and more than 100 assets, with cross-chain settlement typically taking around 30 seconds, according to the protocol's documentation. The system uses solvers to compete for and route user requests across networks. Instead of asking users to pick a bridge, source chain, and execution path manually, users specify the result they want and the protocol handles the route. NEAR's bridging documentation lists examples such as BTC to TON, XRP to Arbitrum, and DOGE to Base, showing how assets from non-EVM networks can be brought into other ecosystems through one routing layer. The Infinex integration makes assets such as BTC, DOGE, and XRP usable across a wider range of onchain applications. NEAR positions itself as cross-chain infrastructure. NEAR's Intents network reports more than $30 billion in all-time volume across 35 chains, while the protocol describes itself as a universal liquidity layer for wallets, DeFi apps, and AI agents. The model fits the broader shift toward cross-chain infrastructure that reduces users' dependence on traditional bridge workflows. Faq. What did Infinex integrate to expand cross-chain access? Infinex integrated NEAR Chain Signatures and NEAR Intents, expanding cross-chain access to Bitcoin, Dogecoin, and XRP without requiring users to manually manage separate bridges and wallets. How many chains does NEAR Intents currently connect? NEAR Intents currently connects 31 chains and more than 100 assets, with cross-chain settlement typically taking around 30 seconds, according to the protocol's documentation. What is NEAR's all-time volume across chains? NEAR's Intents network reports more than $30 billion in all-time volume across 35 chains, while the protocol describes itself as a universal liquidity layer for wallets, DeFi apps, and AI agents. Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Alarm over a hack in one of the most popular altcoin of late. An altcoin that has been making headlines in the cryptocurrency market due to its remarkable rise is now in the news again, this time due to allegations of being hacked. 01.10.2026 - 16:46 Update: 3 minutes ago NEAR Intents, which facilitates cross-chain transactions within the NEAR ecosystem, has confirmed a security breach resulting in losses exceeding $3.8 million. The team explained that the incident stemmed from an error in the interaction between the Omni deposit and withdrawal infrastructure and smart contracts. According to a statement by NEAR Intents, the security vulnerability has been identified and patched. While core services will be restored shortly, deposit and withdrawal transactions on EVM-based networks and other supported networks including BNB Smart Chain, Polygon, and TON will be suspended for approximately 12 hours. The team stated that they are working with security partners and law enforcement to recover the stolen assets. They also pledged to fully compensate users for all losses incurred as a result of the incident. On-chain researcher ZachXBT was one of the first to draw attention to the attack. ZachXBT reported detecting unusual outflows from NEAR Intents' BSC hot wallet, with over $3.8 million in assets withdrawn. The stolen funds were reportedly quickly routed to KuCoin and then bridged to the Bitcoin network. *This is not investment advice. Follow its Telegram and Twitter account now for exclusive news, analytics and on-chain data!
NEAR Intents bug sends $3.8M racing across crypto networks. NEAR Intents halted services after a bug involving its Omni deposit and withdrawal infrastructure led to an estimated $3.8 million loss. The team says every dollar will be compensated, but onchain investigator ZachXBT reported the stolen funds moved almost immediately, first toward Kucoin and then across the bridge into Bitcoin. Several networks remain temporarily cut off while repairs continue. Key takeaways. * NEAR Intents estimates roughly $3.8 million was lost through an Omni infrastructure bug. * ZachXBT says stolen NEAR Intents funds reached Kucoin before being bridged to Bitcoin. * NEAR Intents says affected users will be compensated and a detailed report will follow. NEAR Intents discovered a $3.8 million hole Thursday morning and pulled the brakes. A flaw in the machinery connecting its Omni deposit and withdrawal infrastructure with the NEAR Intents smart contract had been exploited, forcing the service and near.com offline. Except there was a problem. The money wasn't sitting around waiting for engineers to fix the bug. ZachXBT said the funds were already moving, turning a software failure into a live chase across blockchains. A bug opens a $3.8 million door. The NEAR Intents team said, "The preliminary report indicates the total loss of approximately $3.8M. These funds will be compensated in full." In plain English, the weak point sat where two pieces of the system talked to each other. NEAR Intents said the contract-side vulnerability has since been patched and estimated its core services would resume within roughly an hour. But the wider plumbing isn't fixed yet. Deposits and withdrawals involving BSC, Polygon, TON, Optimism, Avalanche, Stellar, Monad, LayerX, Adi, Scroll and Plasma are expected to remain unavailable for about 12 additional hours while the Omni infrastructure is repaired. Then the money started running. Here's the wait, what? Onchain sleuth ZachXBT said the BSC hot wallet recorded several irregular outflows before processing stopped. "The funds were immediately transferred to Kucoin and bridged to Bitcoin," the investigator wrote. That means roughly $3.8 million went from an infrastructure bug to an onchain pursuit spanning an exchange and Bitcoin before the incident had finished unfolding publicly. Users get paid, investigators get a trail. NEAR Intents says affected funds will be compensated in full. Users holding assets from the temporarily disabled chains inside NEAR Intents, including through HOT Wallet or near.com, should still be able to swap them once the main service returns. The team has reported the incident to law enforcement and brought in security and blockchain analytics partners to trace the money. A detailed report is promised in the coming days. The bug is patched. The missing $3.8 million, however, is already somewhere else. This story is ongoing and may be updated with future findings. Yesterday Greed Last Week Greed Last Month Greed How do you feel about the market today?
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Industries
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$535.7M
Headquarters
San Francisco, California
Founded
2018
Find jobs on Simplify and start your career today