There is a clearly overly advanced king-level public chain.
As early as 2017, the possibility of combining AI and blockchain was discovered.
Both founders come from Google's AI team and were deeply involved in the development of TensorFlow. Their co-authored academic paper "Attention Is All You Need" laid the theoretical foundation for modern large language models, including ChatGPT.
Moreover, during the decade when the technical consensus for blockchain scaling shifted from layering to sharding, while even ETH was shouting about sharding but struggling at the code level, he was almost the only one to implement sharding at the code level, using Nightshade sharding technology, achieving the operation of eight shards and sub-second finality.
He is the $near chain, underestimated because it is overly advanced.
Recent developments:
Recently, the NEAR official announced a key proposal entering the community governance phase: reducing the maximum annual inflation rate of NEAR from 5% to 2.5%.
https://t.co/I58IGRTD6e
https://t.co/WFMTm5ull5
Eight years after the project's launch, early investors have exited, and the coin price is at a relatively low point, with limited room to the historical low.
All-time high: approximately $20 in early 2022; all-time low: $0.53 (2020), current price $2.2.
As the project officially begins its foray into AI in 2023, with the layout of AI Agents and NEAR Intents, it has increased token gas consumption. This proposal has also resulted in a halving of output. NEAR is extremely likely to enter a deflationary phase, positively impacting the coin price!
Investment background and token economics:
His early investment background includes Three Arrows Capital, Coinbase Ventures, a16z, Alameda, https://t.co/dOg48QIZ2E, Baidu, etc. It is also the second-largest holding in Grayscale's decentralized AI fund.
· Total supply: 1 billion NEAR (issued at genesis), about 35% sold to investors during the early investment round. After 8 years, it has all been unlocked.
Initially, 5% was added each year as epoch rewards, with 90% allocated to validators and 10% entering the protocol treasury.
30% of transaction fees are paid back to smart contracts as rebates, and 70% are burned to reduce circulating supply.
Highlights:
1. NEAR has long been among the top two public chains for active users on Dapp Radar: https://t.co/cZG2OdyXmk
2. NEAR has updated to 8 shards, achieving a block time of 600 milliseconds and a final confirmation time of 1.2 seconds on the mainnet: https://t.co/TUeCYFH5vn
3. NEAR is the second-largest holding in Grayscale's decentralized AI fund, and there will be more progress updates in the AI direction: https://t.co/ehP9ZfgHeK
From the project's commitment to community governance, continuous code updates, and focused marketing, one can sense the idealism of the older generation of cryptocurrency projects.
Additionally, starting today, @NEARProtocol has provided a reward of 100,000 USD for #kaito #yap mouth moves. If you don't know how to participate, you can start by interacting with this tweet~
