NEAR co-founder proposes protocol sovereign fund for long-term sustainability
The Block·
60-second summary
NEAR co-founder Illia Polosukhin proposes a protocol sovereign fund for long-term sustainability, drawing from sovereign wealth funds in Norway and Singapore, as well as university endowments. This concept aims to allocate a portion of NEAR's revenue towards long-term investments, ensuring the protocol's continued growth and stability. Market implications remain uncertain but could attract more institutional investors.
The concept draws from sovereign wealth funds in places like Norway and Singapore, as well as university endowments.