TL;DR
This week we’re looking at a longstanding champion in the crypto markets, Near Protocol. Putting the pieces of this OG product together, it becomes increasingly easier to see a bullish case for Near Protocol. Withstanding many market pressures and the always looming chance of falling to obscurity. Near Protocol has managed to keep it all together while expanding its range of ideas and use cases. Let’s take a closer look at what keeps pushing Near forward and what it’s doing to continually stay relevant in this quickly-moving landscape.
As we start Putting a bow on the year and make our way into the next. Near Protocol has interesting things prepared and in place for the next big anticipated narrative, AI. Everyone is slapping an AI sticker on something in their wheelhouse to benefit from this new opportunity. But few have their hearts and minds invested in the same manner. That’s because Near began its journey as an AI-focused project that pivoted into a Layer 1 Network. This is what makes Near Protocol’s machine-learning strategy so special. It’s not a ploy to build community or stick around long enough to liquidate a treasury. It’s a genuine push to further the research and use case for usable AI integration. This has been the foundation of Near since the beginning.
The Basis of Near Protocol
Launching back in 2020, at its core Near Protocol is a community-run Layer1 Network that was born from the lack of interest in its initial focus on developing AI tools for the blockchain. Coming full circle, Near is back to increasing its focus on creating machine learning tools that can help greatly increase the efficiency and range of blockchain networks. That’s because the point of Near has always been to create usability among all blockchain participants. Playing the role of a front-end for Web3 development and onboarding new users to this Internet of Things. Allowing developers and entrepreneurs to easily and sustainably build applications to secure high-value assets.
Because of this focus on simplicity, Near has been seen as spreading itself too thin at times. With development focused on multiple areas of infrastructure instead of one thing at a time. During the recent bear market, this has undoubtedly caused confusion and some frustrations in its community. However, the work speaks for itself as Near Protocol continues making technological leaps over its competition. Creating a technical marvel in the blockchain world is no small task. Something that would be otherwise unobtainable for Near if it wasn’t for the hard work of its co-founders and development team.
In fact, one of the most bullish cases for Near is the expertise and extreme dedication of its team. As the brainchild of Illia Polosukhin and Alexander Skidanov, this has allowed Near to grow and expand its protocol ahead of many others with more resources available. As an ex-Google Senior Engineer, Illia brings extensive knowledge of network infrastructures and understands the nuances of creating manageable environments. While Alexander, being a two-time International Collegiate Programming (ICPC) winner, director of engineering at memSQL, and former Open-AI research engineer and consultant. Gives Near Protocol the the means and experience necessary to continue making advancements in the blockchain world.
Nightshade 2.0
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Head of Research Jesse is a passionate seeker of truth who enjoys educating others about Bitcoin. As a free thinker and 2nd amendment advocate, Jesse believes each individual has the right to monetary freedom. “The swarm is headed towards us” -Satoshi Nakamoto
