The Near Protocol announced via Twitter on Monday that the Near Foundation has partnered with Caerus Ventures to launch a $100 million fund. The Near Protocol will work with creators, talent and franchise owners to conceive, validate, test and build the next generation of platforms on the blockchain.
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 $4.986, up by 4.5% in the last 24 hours.