web3: News of NEAR Protocol (NEAR) - June 2024 Price Update - 9.43% Breakout Crypto News and Analysis

web3: News of NEAR Protocol (NEAR) - June 2024 Price Update - 9.43% Breakout Crypto News and Analysis

< Show Article: News of NEAR Protocol (NEAR) - June 2024 Price Update - 9.43% Breakout Crypto News and Analysisarticle avatarkabiru adinoyi

Student

Spot the Main Event:

Nuffle Labs secures $13M in funding to support their growth! The NEAR Foundation announces the launch of Nuffle Labs, a new venture spinning out from Pagoda and the NEAR Foundation. Founded by the core contributors to the NEAR Data Availability Layer (NEAR DA) and the NEAR Fast Finality Layer (NFFL), the NEAR Modular product suite is now spinning out into an independent entity dedicated to improving and amplifying NEAR’s modularity offerings. The new entity has secured $13 million in funding, including a strategic grant from NEAR Foundation and external investment led by Electric Capital. The spinout of Nuffle Labs reflects not only the strength of the core team and the products they are building, but also illustrates the Foundation’s commitment to decentralization by turning core functions over to proven teams in the ecosystem. As an independent team, Nuffle Labs will be better positioned to operate at the forefront of modular blockchain design, nurture its own decentralized community, and forge more partnerships across the Web3 ecosystem. Nuffle Labs will leverage NEAR Protocol’s cost-effective, fast, and proven technology to offer rollups enhanced modularity. It is responsible for two key products in NEAR’s modular suite: NEAR Data Availability (NEAR DA) and NEAR Fast Finality Layer, now Nuffle Fast Finality Layer (NFFL).

article avatarOluwatosin Bamidele

Trade hard. Joy is coming

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NEAR.AI unveils its Master Plan for Open Source and User-Owned AGI (Artificial General Intelligence)! The vision is to create AI that belongs to everyone. Here’s the plan: AI Developer: Teaching machines to code. ✅ AI Researcher: Advancing research with AI Developer. ✅ User-Owned AGI: Bringing AGI to benefit everyone. As a non-profit, the NEAR Foundation is committed to open source. The focus starts with the AI Developer, creating secure applications from user intents, including Web3 apps. This is about empowering users with control, privacy, and customization.

article avatarKola Lash

Student, Crypto Enthusiast

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The Near protocol has just released the master plan for open source and user owned Artificial General Intelligence .The vision is to create AI that belongs to everyone, with a focus on : AI Developement: Teaching machines to code. ✅ AI Research: Advancing research with AI Developer. ✅ User-Owned AGI: Bringing AGI to benefit everyone. the NEAR Foundation is committed to open source. The focus starts with the AI Developer, creating secure applications from user intents, including Web3 apps.m, leading to empowering users with control, privacy, and customization

article avatarOLUWATOSIN GARUBA

Spot the Main Event:

The NEAR.AI unveils its Master Plan for Open Source and User-Owned AGI (Artificial General Intelligence)! The vision is to create AI that belongs to everyone. Here’s the plan: ✅ AI Developer: Teaching machines to code. ✅ AI Researcher: Advancing research with AI Developer. ✅ User-Owned AGI: Bringing AGI to benefit everyone. As a non-profit, the NEAR Foundation is committed to open source. The focus starts with the AI Developer, creating secure applications from user intents, including Web3 apps. This is about empowering users with control, privacy, and customization.

article avatarGLORIA OLUWAFERANMI

To God be the Glory

Spot the Main Event:

NEAR.AI unveils its Master Plan for Open Source and User-Owned AGI (Artificial General Intelligence)! The vision is to create AI that belongs to everyone. Here’s the plan with a master key highlighted as follows ✅ AI Developer: Teaching machines to code. ✅ AI Researcher: Advancing research with AI Developer. ✅ User-Owned AGI: Bringing AGI to benefit everyone. As a non-profit, the NEAR Foundation is committed to open source. The focus starts with the AI Developer, creating secure applications from user intents, including Web3 apps. This is about empowering users with control, privacy, and customization.

article avatarAliu adinoyi

Student

Spot the Main Event:

Nuffle Labs secures $13M in funding to support their growth Nuffle Labs’ spinout comes with substantial investment, including a strategic grant from the NEAR Foundation as well as funding from external investors including Electric Capital, Canonical Crypto, Fabric Ventures, Robot Ventures, Caladan, and Lyrik Ventures. Notable angel investors include Jordi Alexander (Selini), Blackdragon VC, Bowen Wang (NEAR), Sreeram Kannan (EigenLayer), Sam Kazemian (Frax), Sandeep Nailwal (Polygon), DeFi Dad (4RC), Dovey Wan (Primitive Ventures), and Mert Mumtaz (Helius). With these resources and supporters, the team is well-equipped to advance NEAR DA and NFFL, expand the team, invest in R&D, and build a strong community that spans across NEAR, Ethereum, and beyond. “They’re proud to support the growth of Nuffle Labs as an independent company in the NEAR ecosystem. These 4 excellent co-founders have built first-rate modularity products that showcase the best of NEAR’s technology with NEAR DA and NFFL, providing cost-effective and performant solutions to projects across Web3,” said Illia Polosukhin, Co-Founder of NEAR Protocol and CEO of NEAR Foundation. “We look forward to continued collaboration with the NEAR Foundation as they expand and evolve.”

article avatarFemi Adeogun

Donmello

Spot the Main Event:

NEAR.AI unveils its Master Plan for Open Source and User-Owned AGI (Artificial General Intelligence)! The vision is to create AI that belongs to everyone. Here’s the plan: AI Developer: Teaching machines to code. AI Researcher: Advancing research with AI Developer. User-Owned AGI: Bringing AGI to benefit everyone. As a non-profit, the NEAR Foundation is committed to open source. The focus starts with the AI Developer, creating secure applications from user intents, including Web3 apps. This is about empowering users with control, privacy, and customization.

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