NEAR Protocol is a Layer-1 blockchain and agent-economy infrastructure project based in the United States, co-founded by Illia Polosukhin and Alexander Skidanov. The project describes itself as open infrastructure powering the agent economy, unifying liquidity across 35+ chains, confidential execution and inference, and scaling to over 1 million TPS. NEAR Protocol's TwitterScore is 465 out of 1000.
NEAR Protocol's mainnet launched in April 2020, and its native cryptocurrency is NEAR. The protocol is a sharded blockchain with 600ms block time, 1.2 second finality, 1M TPS scalability, and 9 shards. Its history page says it originated from NEAR AI, an effort to build AI models that could write code from natural-language descriptions, before blockchain payment and scalability problems led the founders toward NEAR Protocol. NEAR AI focuses on user-owned, verifiable AI, with inference requests running inside Trusted Execution Environments and real-time verification. It is affiliated with the NEAR Foundation, NEAR AI, and NEAR One.
NEAR Protocol describes NEAR Intents as a universal transaction layer connecting any chain, any asset, and any agent, using intent-based execution across chains. Its official homepage says NEAR Intents has $19B in volume to date and is integrated by Ledger, Brave Wallet, Infinex, ThorSwap, HOT Wallet, and other DeFi protocols. Its history page says Rainbow Bridge enabled trustless asset transfers between NEAR and Ethereum, while Aurora brought EVM compatibility natively to NEAR. It states that House of Stake, its stake-based governance system, is live on mainnet for protocol upgrades, economic parameters, and treasury decisions through onchain ratification.
NEAR Protocol secured a $350 million investment in April 2022 led by Tiger Global, with participation from FTX Ventures, Hashed, Dragonfly, ParaFi, and others. It announced an $800 million fund in 2021 to support applications built on the blockchain, with a special focus on DeFi. Its 2022 private token sale was reported as $150 million led by Categories & Tags of NEAR Protocol's account
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