In 2024, NEAR blockchain drew criticism after its official X (formerly Twitter) account abruptly changed its display name to “it’s all a lie” and posted anti-crypto messages that prompted widespread speculation the account had been hacked. Skyward acknowledged that its treasury had been drained and advised users to cease interacting with the contracts, noting that the incident rendered the SKYWARD token effectively worthless. NEAR is a public blockchain platform that uses a proof-of-stake consensus mechanism and provides smart-contract functionality. This technology divides the network into multiple parallel chains (shards) that process transactions independently, significantly boosting total capacity.
Designed to maintain decentralized applications and high-throughput transactions through a sharded architecture, NEAR gained traction as an alternative to Ethereum and other layer-one blockchain networks. It aims to enable autonomous AI agents to hold assets, transact on-chain, and orchestrate operations across multiple blockchains seamlessly. Deploy agents using the private inference infrastructure serving Abound, Brave, and Venice AI. NEAR’s open infrastructure combines cross-chain execution, confidential settlement, private inference, and a secure agent harness. This approach, likened to an internet protocol layer, aims to make multi-chain interactions feel like using a single network. House of Stake, NEAR’s stake-based governance system, is live on mainnet, coordinating protocol upgrades, economic parameters, and treasury decisions through onchain ratification.
This vision, often described as creating the “currency of agents,” targets the next wave of decentralized applications where AI handles commerce and complex tasks. Backed by the Times of India Group, Abound is deploying IronClaw agents for AI-powered cross-border financial services in India’s $135B remittance market. NEAR operates one of the most mature and transparent cryptoeconomic systems in the industry, with a https://unisto-petrostal.ru/en/15-mezhdunarodnye-standarty-finansovoi-otchetnosti-vozmozhno-li.html fully unlocked token supply, protocol revenue flowing to NEAR buybacks, and a deflationary trajectory.
Polosukhin was a former engineering manager at https://alcitynews.com/design-of-capital-construction-objects-stages-and.html Google Research, where he co-authored the seminal 2017 paper “Attention Is All You Need,” which introduced the transformer architecture. It was founded in 2018 by Illia Polosukhin and Alexander Skidanov, with mainnet launching in 2020. Will its focus on AI and seamless cross-chain execution become the standard for the next generation of decentralized applications? This design aims to provide the high speed and low cost necessary for mass adoption and AI agent activity. The network supports automatic shard splitting during high demand and has demonstrated over five years of 100% uptime.
Ledger Wallet integrated NEAR Intents as a swap provider via SwapKit, bringing cross-chain execution to hardware wallet users. Brave Wallet integrated NEAR Intents for cross-chain swaps across Bitcoin, Solana, Zcash, and EVM chains. The Government of Bermuda partnered with NEAR AI to deploy confidential AI for public services, https://home365.net/robotic-construction-a-new-area-of-investment.html starting with a secure assistant for processing sensitive citizen data. Venice uses NEAR AI’s private inference for verifiably private text and image generation, with prompts processed inside hardware-enforced enclaves. NEAR protocol supports 1 million TPS, with 600ms blocks and 1.2s finality.
A network of competing “solvers” then executes the request across chains. Instead of manually bridging assets, users simply state their desired outcome (e.g., “swap Token A on Ethereum for Token B on Solana”). A key innovation is NEAR Intents, a universal trading protocol that abstracts blockchain complexity. Get the latest product launches, protocol milestones, and ecosystem updates straight to your inbox. NEAR AI uses Intel TDX gateways for CPU-level confidential compute, securing inference from edge to cloud alongside NVIDIA GPU TEEs. NEAR AI joined the NVIDIA Inception program to accelerate enterprise-grade, verifiable AI with confidential GPU compute.
Integrated by Ledger, Brave Wallet, Infinex, ThorSwap, HOT Wallet, and leading DeFi protocols for cross-chain execution with sub-cent fees and sub-second settlement. According to the Bloomberg, also noted that the controversy followed a real security incident in May 2023, when a compromised moderator account on NEAR’s Discord was used to promote a fraudulent airdrop. During the period of the campaign, Bloomberg reported that NEAR’s token declined by roughly 15% over the preceding week. In 2023, Messari’s analysts have questioned validator decentralization on Avalanche, Solana, NEAR, and others blockchain platforms. In 2022, Skyward Finance, an IDO/launchpad built on NEAR blockchain, was exploited for roughly $3 million after an attacker abused a flaw in the project’s treasury redemption contract. The NEAR mainnet officially launched in April 2020, initially operating in a “restricted” proof of authority mode to ensure stability.
