Submission declined on 13 December 2023 by Liance (talk).
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| Submission declined on 28 November 2023 by Hey man im josh (talk). This draft's references do not show that the subject qualifies for a Wikipedia article. In summary, the draft needs multiple published sources that are: Declined by Hey man im josh 5 months ago.
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Comment: Crypto news outlets are generally not considered to be reliable sources. User-generated content from Medium is not a reliable source. ~Liancetalk 21:03, 13 December 2023 (UTC)
| Other names | NEAR |
|---|---|
| Original author(s) | Illia Polosukhin, Alexander Skidanov |
| Developer(s) | NEAR Foundation & the Pagoda Team |
| Initial release | 2020 (Genesis Block Released) |
| Repository | https://github.com/near |
| Standard(s) | https://near.org/papers/the-official-near-white-paper |
| Type | Blockchain |
| Website | https://near.org/ |
NEAR Protocol[1] (commonly referred to as just NEAR) is a decentralized application platform running on its own blockchain using a proof-of-stake mechanism to provide smart contract functionality. NEAR is the native cryptocurrency of the platform.
Initially, NEAR was a machine learning platform named near.ai. Illia Polosukhin and Alexander Skidanov founded the NEAR Protocol in 2017. NEAR Protocol was able to raise $21.6 million[2] from A16Z during it's mainnet launch in 2020, even before they built anything. Within a few days of the launch, the team had grown to ten members.[citation needed]
As of 2023, NEAR's total market cap is roughly $2 billion. The highest token price for NEAR Protocol (NEAR) cryptocurrency is $20.42[3], which was recorded on January 16, 2022.
History edit
NEAR Protocol is a layer 1 blockchain that initially started out as a machine learning project by Illia Polosukhin and Alexander Skidanov founded in 2017.[4] NEAR uses Proof of Stake (PoS) to provide for smart contract functionality and utilizing a sharding (formally called Nightshade in NEAR's platform) to try and facilitate mass adaptation; additionally, NEAR uses Rainbow Bridge to allow users to transfer tokens from the NEAR ecosystem to the Ethereum Network.[5] In 2020, after its first genesis node was released, NEAR has been working on its infrastructure.[citation needed]
In 2021 the artist Deadmau5 partnered with NEAR to release an NFT collection[6] as well as former NBA basketball player (Baron Davis) releasing his own platform based on NFT's which utilizes NEAR Protocol. [7] In 2022, NEAR Foundation raised $150 million in venture capital[8] and in 2023 it released a new paradigm to blockchain technology, Blockchain Operating System (BOS).[9]
Notable Events edit
- March 2, 2023 NEAR release the Blockchain Operating System (BOS).[10]
- November 2, 2023 Berklee College of Music announced partnership with the NEAR Foundation.[11]
- November 7, 2023 Illia Polosukhin returns to NEAR Foundation as CEO.[12]
See Also edit
References edit
- ^ "NEAR | The OS for an Open Web". near.org. Retrieved 2023-11-28.
- ^ Butcher, Mike (2020-05-04). "NEAR Protocol raises $21.6M from A16Z and launches its MainNet, beating Ethereum 2.0". TechCrunch. Retrieved 2023-11-28.
- ^ "Market Stats of NEAR Protocol". Coinbase.
- ^ "The History of NEAR Protocol and what problems does NEAR Protocol Solves". 16 August 2021.
- ^ "What is NEAR Protocol? (NEAR)".
- ^ "deadmau5 Launches NFT Partnership with Mintbase and NEAR". 6 December 2021.
- ^ "Baron Davis is leveraging crypto technology to bridge the gap between sports and communities".
- ^ "Not far to go – NEAR leads the crypto pack into 2022". 14 January 2022.
- ^ "Near Protocol Starts 'Blockchain Operating System' to Focus on User Experience". 2 March 2023.
- ^ "NEAR Is The BOS". Messari. 22 June 2023.
- ^ "Berklee and NEAR Foundation Partner to Launch RAIDAR".
- ^ "NEAR Protocol Founder Illia Polosukhin Returns to NEAR Foundation: Official Announcement". U.today. 7 November 2023.
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