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About Near Protocol
Industries
Fintech
Crypto & Web3
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$535.7M
Headquarters
San Francisco, California
Founded
2018
Overview
NEAR Protocol is a blockchain platform designed for mainstream adoption, utilizing a fully sharded, proof-of-stake system. Its main feature, Chain Abstraction, allows for seamless scalability, enabling the platform to support a large number of users efficiently. NEAR Protocol caters to developers, enterprises, and end-users who want to use blockchain technology for various applications, including decentralized finance (DeFi) and non-fungible tokens (NFTs). Unlike many other blockchain platforms, NEAR focuses on both scalability and security, which positions it as a key player in the growing Web3 ecosystem. The company's goal is to facilitate widespread use of blockchain technology while generating revenue through transaction fees and staking rewards.
Simplify's Take
What believers are saying
- Partnerships with Zero1 Labs and Frax Finance enhance decentralized AI and DeFi solutions.
- NEAR Intents' passkeys and OTC trading improve user experience and transaction security.
- Nuffle Labs' development of NEAR's Data Availability Layer boosts modular product innovation.
What critics are saying
- Competition from Solana and Ethereum may impact NEAR's market share.
- Regulatory scrutiny could arise from new stablecoins and liquid staking derivatives.
- AI ethics and governance pose risks in decentralized AI development partnerships.
What makes Near Protocol unique
- NEAR Protocol uses Chain Abstraction for seamless scalability and billion-user support.
- The platform's fully sharded, proof-of-stake blockchain enhances security and performance.
- NEAR's ecosystem supports diverse applications, from DeFi to NFTs, with cutting-edge technology.
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Funding
Total Funding
$535.7M
Above
Industry Average
Funded Over
3 Rounds
Tiger Global
Andreessen HorowitzGrowth & Insights and Company News
6 month growth
↓ -1%1 year growth
↑ 1%2 year growth
↓ -3%At The Road to One Trillion Agents event during ETHDenver 2025, NEAR introduced two major upgrades to NEAR Intents: passkeys for seamless authentication and OTC trading for direct, peer-to-peer exchanges.
New Agent Tokenization Platform (ATP) Now Available to Simplify Decentralized Finance (DeFi) and Empower Users to Build and Manage Intelligent, Autonomous Agents Natively Integrated with NEAR and FraxGRAND CAYMAN, Cayman Islands, Feb. 20, 2025 /PRNewswire/ -- IQ, the developer of AI/blockchain decentralized technology, today announced the launch of its Agent Tokenization Platform (ATP), a groundbreaking system that enables AI agents to own, trade, and manage assets autonomously on-chain. This marks a new era where AI operates as a true economic player rather than a passive tool
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Nov. 7-13.
Zero1 Labs partners with NEAR Protocol to support decentralized AI builders and grassroots teams through hackathons and community initiatives.
OpenGradient, a leading decentralized AI infrastructure company, has raised $8.5M in seed funding. With a mission to accelerate open-source AI, OpenGradient democratizes model ownership,... Read More
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About Near Protocol
Industries
Fintech
Crypto & Web3
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$535.7M
Headquarters
San Francisco, California
Founded
2018
There are no jobs for Near Protocol right now.
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Near Protocol