NEAR Protocol was launched in 2020 to help drive the adoption of blockchain and make it easier for developers to build. “NEAR is the simplest and most usable layer 1 where mass adoption will happen”, Marieke Flament, CEO of NEAR Foundation said.
She further explained that the launch of the Sweatcoin app is an example of the strength of building on the NEAR Protocol.
200 million transactions on the NEAR Protocol
NEAR Protocol has achieved a lot in the past year and these include:
- 19 million accounts were created on the platform
- 1,500+ developers building on NEAR
- 800 projects supported
- 200 million transactions
- $600 million in TVL
- $300 million of external funding
While proximity DeFi Grants, Foundation grants, and Startup grants got $350 million, $113 million, and $18 million respectively, $33 million was dedicated to developing regional hubs. NEAR has also spent $6 million on Education and Charity in the past one year.
There are over 8 hubs in Kenya, Vietnam, Europe, and the US built by NEAR across the world. Marieke said that there are plans to have more in the coming years to enhance the adoption of Web3 technologies.
Finally, NEAR Protocol is making strides into the sports and entertainment world by collaborating with top celebrities. The CEO of NEAR Foundation said that the goal of the ecosystem is to onboard 1 billion users in the next five years.