The NEAR Protocol platform has created an ecosystem fund
$800 million will be allocated to support developers
26.10.2021 - 07:50
What's new? The official Twitter account of the NEAR Protocol platform has published news about the creation of a new $800 million fund. The money will be used to develop the protocol ecosystem.
📣 Early #NEARCON Announcement! 💥Learn more about @NEARProtocol's $800M Global Ecosystem Fund. 🔽https://t.co/00UaiA3jC1— NEAR Protocol (@NEARProtocol) October 25, 2021
What will the money be used for? The sum of $800 million will be divided into several directions. The bulk of $350 million will be spent on decentralized finance projects. Another $250 million will be given to developers as grants. The team will finance a number of promising startups for $100 million. The last $100 million will be allocated for the development of NEAR Protocol regional offices.
The platform’s developers have also announced a further increase in the number of blockchain validators to 100. Additional funding will be provided for this.
How the largest cryptocurrency exchange’s initiatives help it maintain its leadership
Nov 19, 2022
What fan coins are needed for and what events contribute to their growth
Nov 16, 2022
Why Binance set the trend to publish transparent data on available funds
Nov 14, 2022
The journalists got acquainted with the documents revealing the details of the financial condition of the exchange
Nov 13, 2022
Desperate traders with stuck assets resort to semi-legal schemes to save deposits
Nov 11, 2022
Experts predict when to expect new peaks of the crypto market by analyzing its previous cycles
Nov 10, 2022