Hassan Maishera
The Near Foundation announced via a blog post on Wednesday that it has partnered with Hydra Ventures, a “fund of funds” investment DAO. A first in the Web3 space, Hydra Ventures is designed to help other investment DAOs get off the ground. By partnering with NEAR Foundation, Hydra Ventures will open the doors to the eventual launch of the first investment DAO in the Near ecosystem, the team added.
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 $1.980, up by 4% in the last 24 hours.
