MOVE Capital: Why We Are Funding Quidli to Build on NEAR Protocol
The NEAR Ecosystem continues to grow with new products and infrastructure added by the day. MOVE Capital, NEAR’s first venture DAO, is committed to accelerating the development of the NEAR Ecosystem by strategically funding user-friendly and strategically important projects that align with the guiding purpose of NEAR:
“To accelerate the world’s transition to open technologies by growing and enabling a community of developers and creators.”
Today, MOVE Capital is pleased to announce a 3.5k grant in $NEAR to Quidli — a micro-incentive rewards application for teams and individuals alike. Funded upfront, the Quidli team will immediately begin natively developing their existing solution on NEAR.
We decided to fund Quidli for the following reasons:
- Quidli is a low cost, high reward project for the Ecosystem at large: It will offer a new way for teams and individuals to compensate one another quickly and easily.
- On NEAR, Quidli will increase the scope of usability of the $NEAR token.
- Once NEAR tokens are added, Quidli will be able to integrate with present and future dApps as well as existing DAO infrastructure to add micro-rewards as an ‘option’ for ecosystem development going forward.
- As a service, Quidli will offer a beneficial opportunity for new teams, guilds and DAOs in the NEAR ecosystem to compensate and reward different team members or contributors.
- Micro-transactions for low fees, demonstrate the capacity of the NEAR blockchain to quickly and cheaply handle low cost transactions. Using Quidli as a case-study, the Ecosystem will be able to recruit other like minded projects into the future.
Quidli is expected to complete their integration of NEAR in the next month, with micro-rewards fully available by August 1st, of 2021.
