1/ 🌟 In 2019, we @PanteraCapital invested in @NEARProtocol
Today, I am delighted to share more about the incredible evolution of NEAR, which we believe is pioneering the future of blockchain technology and user-owned AI. 🧵
veradiverdict.com/p/proof-of-touch
2/ 🌐 Bitcoin and Ethereum currently lead the revolution. Bitcoin, with a market cap over $1.2 trillion, is known for its pioneering role—and as a store of value. Ethereum excels in supporting smart contracts and enabling dApps.
Yet, both struggle with transaction scalability.
3/ 🚀 Enter NEAR Protocol.
Designed to tackle these challenges, NEAR emphasizes scalability, developer engagement, and user experience. By leveraging cutting-edge tech, NEAR aims to reshape decentralized finance and applications.
4/ 🔍 NEAR stands out with its Thresholded Proof of Stake (TPoS) system and Nightshade Sharding, boosting scalability and decentralization.
5/ 📊 NEAR has achieved remarkable milestones, like its Total Value Locked (TVL) reaching $335M, a 547% increase in six months. This growth highlights NEAR's traction and strategic efficacy.
6/ 📈 NEAR's market presence is strong.
• Daily active addresses: 1.2M (a 42% QoQ increase)
• Transaction growth: from 35M to over 220M
• Monthly active users: from 2.9M to 15M
7/ 🤖 NEAR x AI
NEAR is also becoming a leader in the emerging crypto x AI ecosystem. The NEAR team emphasizes integrating AI through an open, decentralized framework, ensuring user control over data and assets. This approach fosters transparency, collaboration, and governance.
8/ 🌟 Popular projects on NEAR include:
• Sweat Wallet @SweatEconomy: A digital wallet for the Sweat Economy, integrated w/NEAR.
• HOT @hotdao_: A digital token with easy mining process via Telegram.
• Frax Finance @fraxfinance: Enhancing DeFi with NEAR's chain abstraction.
9/ 👥 The success of NEAR is driven by co-founders Illia Polosukhin (@ilblackdragon) and Alexander Skidanov (@AlexSkidanov).
Polosukhin's AI expertise and Skidanov's engineering acumen have been crucial in developing NEAR's robust infrastructure.
10/ 🚀 In conclusion, NEAR Protocol is making significant strides in addressing blockchain challenges. With a focus on scalability, user experience, and developer engagement, NEAR is poised to lead the blockchain industry into a new era.
11/ As NEAR continues to evolve and expand, we @PanteraCapital believe that it will play a crucial role in shaping the future of decentralized finance and digital applications, broadening the reach and impact of blockchain technology.
End/ 🌟 Alongside other star-studded investors like @a16zcrypto, @cbventures, @multicoincap, @ElectricCapital, @coinfund_io, @dragonfly_xyz, @avichal, @hosseeb @KyleSamani @jbrukh we are ecstatic to be investors in and supporters of @NEARProtocol!