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NEAR Protocol

NEAR Protocol

United States · Information Technology & Services

Information Technology & Services

Artificial Intelligence

Blockchain

NEAR Protocol is a high-performance Layer 1 blockchain platform designed for speed, security, and scalability. It supports the creation and deployment of decentralized applications (dApps) across various sectors, including decentralized finance (DeFi), non-fungible tokens (NFTs), gaming, and AI. NEAR utilizes a unique sharding technology called Nightshade and a delegated proof-of-stake consensus mechanism known as DoomSlug, enabling rapid transaction speeds of up to 100,000 transactions per second with low gas fees. The platform's native token, NEAR, is used for transaction fees, network security through staking, and governance participation. NEAR Protocol enhances user experience with features like human-readable account names and allows users to interact with dApps without needing a wallet. The ecosystem is supported by the NEAR Foundation, which promotes growth through grants and innovation. NEAR also focuses on integrating AI, enabling autonomous AI agents to operate securely on the blockchain, facilitating a new internet experience where AI serves users directly.

Company Insights
Company Overview

2018

Founded

Information Technology & Services

Industry

United States

Location

27,632

Ranking

200 employees

Size

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