Investing in Near Protocol
Near Protocol is a sharded, proof-of-stake public blockchain, built by a world-class team that has developed some of the world’s only sharded databases at scale. The Near team has worked extensively to understand the problems developers face when trying to access new platforms as well as the usability of layer one protocols. Developers oftentimes are unable to leverage blockchain technology due to slow settlement times and scalability challenges. We at Xpring believe in empowering developers and providing the tools to address the pain of adopting and using blockchain technology.
Near has created a developer focused experience for building decentralized applications. They address scalability using sharding and their consensus model, Nightshade. The developer suite includes tools, resources, education materials, and the Near Studio. The studio is a space to create projects and write smart contracts in accessible languages, including TypeScript and Rust, and will eventually support all of the target languages that compile down to WASM.
I am excited to announce our investment in Near Protocol, alongside investors Accomplice, Electric Capital, Pantera Capital, MetaStable, Amplify Partners, Scalar Capital, Coinbase Ventures, Ideo, a_capital and others.