The Near Protocol announced via Twitter on Thursday that Bernoulli I Locke’s member-based community is using NEAR’s Web3 technology to launch a fan-owned racing team in the SailGP international sailboat racing competition.
The team added that Bernouilli I Locke would use a DAO structure built on the NEAR Protocol. Launching Bermuda and across the Caribbean, this new, DAO-powered team will create new opportunities for fan engagement and sports ownership alike.
NEAR Protocol is a decentralized application platform designed to make apps similarly usable to those on today’s web. The network runs on a Proof-of-Stake (PoS) consensus mechanism called Nightshade, which aims to provide dynamic scalability and stabilize fees.NEAR is trading at $2.21, up by more than 1% in the last 24 hours.