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About Near Protocol
Industries
Fintech
Crypto & Web3
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$521.1M
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, making it suitable for a wide range of applications. The company's goal is to become a foundational element in the Web3 ecosystem, providing a reliable and efficient platform for blockchain-based solutions.
Simplify's Take
What believers are saying
- Partnerships with Zero1 Labs and Frax Finance enhance NEAR's DeFi and AI capabilities.
- Nuffle Labs' development boosts NEAR's infrastructure for scalability and security.
- Integration with True ZK's RaaS platform improves data availability and cost-effectiveness.
What critics are saying
- Increased competition from new blockchain platforms like Sei and BinaryX.
- Over-reliance on partnerships with Frax Finance and Zero1 Labs poses potential risks.
- Emergence of zero-knowledge proofs by competitors like Polyhedra Network could outpace NEAR.
What makes Near Protocol unique
- NEAR Protocol uses Chain Abstraction for seamless scalability, supporting a billion users.
- The platform's fully sharded, proof-of-stake blockchain ensures high security and performance.
- NEAR's ecosystem supports diverse applications, including DeFi, NFTs, and decentralized AI.
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Funding
Total Funding
$521.1M
Above
Industry Average
Funded Over
3 Rounds
Tiger Global
Andreessen HorowitzGrowth & Insights and Company News
6 month growth
↓ -1%1 year growth
↑ 0%2 year growth
↓ -1%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
idOS Network raises $4.5M in a funding round led by Fabric Ventures #idOSNetwork secures $4.5M in a funding round led by Fabric Ventures with participation from Arbitrum Foundation, Circle Ventures,
There are no jobs for Near Protocol right now.
Find jobs on Simplify and start your career today
About Near Protocol
Industries
Fintech
Crypto & Web3
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$521.1M
Headquarters
San Francisco, California
Founded
2018
There are no jobs for Near Protocol right now.
Find jobs on Simplify and start your career today