NEAR Town Hall - May 3, 2024

Captions as YouTube publishes them, usually machine-generated, so product and people names can be misheard.

1. 0:01

   all right gmgm everyone welcome to another near town hall uh this is the first uh near town hall that's been entirely curated by the near week team so shout out to them uh we have a pretty uh packed agenda today I'm sure we can get through it all in time I just want to say I appreciate all of you being here uh a lot of activity has been picking up in the near ecosystem so super excited I'm Marcus from the near

2. 0:25

   foundation and uh today we'll hear from some great Folks at today's Town Hall so the agenda for today will be we recently got back from token 2049 uh near had a pretty good presence there um so we'll get a recap uh of everything that went on uh and all of the exciting things that happened uh metap pool just went live with multi-chain governance so we'll get a deep dive from them into the

3. 0:47

   platform how it works what to expect and all the exciting things they're working on uh we'll hear from Edge AGI what is Edge AGI well you'll find out today they're working they're cooking up some some really awesome stuff uh and they'll dive into all of that we'll also hear uh from near week about all of the things that have been going on in the near ecosystem over the last several weeks and then uh for those of you that may have seen devhub just announced an

4. 1:11

   exciting Bounty booster as well uh so we'll hear from devhub about that so I will hand things over to AA to dive into near at token 2049 thanks Marcus uh Hey everybody uh I meet up from near Balkans Hub and yes it's been quite an experience this year at token 2049 Dubai uh one of the main reasons for that uh except token 2049 was enormously huge conference was the fact that we all went there during probably the most apocalyptic storm uh in Dubai

5. 1:49

   ever so that was quite an spice on the whole experience however uh the near team was quite strong uh both the foundation and the ecosyst team so I'm going to run you through uh everything that we experienced and achieved there um marus if you can go to the next slide so near had a quite a strong presence this year uh which was I think a great thing because Mina region is literally booming now there is so many

6. 2:22

   things happening there uh all of the major protocols all of the major projects were present there and near had a huge booth and we were also part of the multiple side events so I would say that near near was quite well uh recognized there and um there was a lot of interest uh all around uh shortly the conference itself uh it was around 10K attendees uh and 4K companies so a really really

7. 2:53

   major one uh not only from the region but globally uh the boot this time we tested out something different so the boot was actually run by the ecosystem projects and I want to give a shout out to all of the projects that were there all of the colleagues uh including the Aurora team sweat economy team Calo was uh part of the preparation unfortunately because of the storm calero team couldn't reach Dubai

8. 3:24

   so uh shout out to calimero next time we'll do it better uh our near balcon team was there and me base so uh essentially we had we were running the boot the boot was full the whole time so the people were quite interested they were quite interested in chain obstruction they were quite interested in the AI they were quite interested in the intersection of both things um and I think in that matter uh NE was really one of the main one of the main topics uh at a conf

9. 4:00

   the event we had three speaker sessions on the main event agenda we any official side events and there were four interviews with major media Bloomberg Crypt news coin buau and crypted podcast but there were also around 10 interviews with the media that came to the boot so I would say uh the attention that near head there was quite big and I would say with a huge like with uh with full uh with full focus and um service oh we can go to the next

10. 4:40

    slide uh in regards to our booth as you can see it looks pretty dope uh on the lower picture you can see the whole theme that was holding the boot uh as I said the boot was full so we actually had over 200 qualified leads uh the team was working pretty hard Around the Clock I think if we had double the amount of the people at the boot it would still be full and ped and we will still have a

11. 5:04

    lot to do uh we had 12 ecosystem members uh we did 22 shifts across two days so it was quite intense uh and as I already mentioned huge thanks to all the ecosystem projects that were holding the boot and that were speaking to the people and that were making sure that NE is represented in the right way we can go to the next slide and as I already mentioned uh there were couple of side events next to the main event as you can see a lot

12. 5:35

    of them were in regards to AI topic where we had actually Ilia speaking and then we had couple of events where uh Chris was also speaking um sweat was represented OLG was speaking uh Alton was speaking uh on the hot take serious so I can really say the event itself was huge the side events were scattered but near was everywhere represented uh and I think overall it was very successful

13. 6:08

    appearance within the Mina region n near did a huge step over there and we are looking forward to making given more impact within that region and wider so Marcus I would say that's it we all returned safely from the flots of Dubai there were a couple of uh takeaways from there as we said a significant lead generation opportunity we are hard to manage these spot leads right now um a lot of on-site media interviews and coverage uh and active

14. 6:43

    involvement in the multiple side events which really ensure that near it has a proper representation all around what we see at the areas for improvement definitely it's always good to have somebody from the Central Foundation team so we can make sure that some leads can be like processed right away uh we were lacking uh we had merch but not the near branded merch and everybody were inquiring about the near branded merch we want to make sure that people can

15. 7:06

    really carry us with them when they go home and while the boot setup was effective there is some room of improvements we already discuss it within the team it's mostly on the interactive parts of how we can use technology for example AI to actually show on the boots itself everything that we are doing as a use case already but all in all I would say great conference great success and we are looking forward

16. 7:31

    to the next tokens and the other near presentations all around the world thanks Marcus awesome thank you so much great presentation uh unfortunately wasn't there so I missed the massive liquidity event at Dubai but uh a big one is definitely the swag uh near swag definitely uh trumps all at events so huge takeaway there uh next up we have metap poool uh da that's going to be presenting uh what they've recently kind of came out with I'll go ahead and hand things over to

17. 8:02

    claudo hello everybody um I'm claudo I'm with the co-founder of metapo so ready to discuss what we just uh announced and launched May 1st so next slide first of all uh we are the first uh liquid saking Solution on and Aurora we're now Diversified and become multi-chain uh supporting um ethereum and also salana uh and also moving into l2s Linea mode and optimism so really getting unleashing the power of of liquid staking uh from the near from the

18. 8:34

    near tech technology stack next so this is something just to stand out out there right so we're the only liquid staking token supporting all these three protocols and this is a first right and so this is a Testament of the hard work that the map Dow Community has done the nerica system has done in supporting us as well so really really excited to be the first here as well uh and more news to Come On th on

19. 8:58

    those fronts so next slide so our vision right and I think this needs to be addressed um so for us is how do we make approv of stake protocols more Capital efficient more decentralized increase adoption in what we're calling Frontier markets as well because we believe that that's going to be the source of growth for blockchain technology in the next 10 to 15 years and of course the most important part of

20. 9:24

    it is how do you liberate more than 100 billion in assets that are currently staking in noes and allowing all that Capital to flow back into the ecosystem really focusing a lot in Southeast Asia Africa and latam because we think that a liquid saking token becomes the outo compounding digital savings account for the digital natives so really really Keen in having the support from the nearo system to launch this throughout

21. 9:48

    this uh three years that we have been building next so what are FR tier markets and I really want to like I said these are regions that are at the border of crypto Mass adoption right uh I think that for us that we're coming from a team that is uh from Mexico from Argentina with ambassadors from Southeast Asia I think that we've catered to a very particular need in these regions which is how do we create a source of growth for those regions and that crypto is able to lead right and

22. 10:19

    this is not about banking the unbanked this is basically how do you give access to everyone to financial services right digital Financial services that are decentralized that more so promote uh s Sovereign individuals which is ownership of the value you're creating online and so how do you make that easy permissionless that is something that we're working day by day and glad to

23. 10:44

    have the support from all the near ecosystem players in doing so next so for those of you that are new to the ecosystem so what is metapo we're a liquid staking solution we basically allow anybody to deposit their proof of State tokens we meant a liquid staking token which represents that asset be acre all of the staking rewards in a permissionless and non-custodial manner so this is very important we do not control your assets you are in control of your assets in every given point in time this is important because not a lot

24. 11:17

    of people understand that non-custodial Solutions are the key to unlocking the true potential for decentralized Finance in all proof of State tokens now on the decentralization as aspect is once you delegate your proof of State token to us in this case near we delegate it right now to more than 124 validator nodes in the network if you take into account that there's around 232 I think it's on the validator

25. 11:43

    set so we are catering to more than half of all the validators on the near protocol Network basically allowing near to become more censorship censorship resistant and more decentralized as well next so this is the big Alpha right now so so Q2 Q3 and Q4 road map um as as as I said before we're exploring l2s focusing Q2 and Q4 uh from different evm compatible l2s now the big announcement that we did yesterday in our big launch

26. 12:15

    for Q2 is the bod and earn which is allowing folks to have direct ACC access to all the protocol fees from the liquid staking protocol this more so or less is around close to $200,000 per month being AC and now all of this value is being sent over back to participants in the governance so this is a first for many lsts uh we're not holding a treasury all of the value being created in AC crew by the liquid sing protocol is being distributed back to uh governance token

27. 12:46

    holders both on the near and on the ethereum side which is what we launched uh on May 1st now coming for Q4 we will be launching a multi-chain liquid staking index token uh which is is acre all of the value from from all the the different protocols that we're supporting uh for liquid saking tokens now yes liquid reaking is coming we're going to be launching that on Q3 on near Solana and then Q4 for ethereum we believe right now that it's a a very

28. 13:18

    important uh asset that every proof of stake protocol needs to have and so we're going to be launching that uh in the next couple of of of months so really really exciting times there there next so this is what we launched yesterday so it's a multi-chain governance there's a QR code there so you can understand how to get exposure to the MP token on the on the ethereum side so we're allowing folks and this is very important governance stays on your protocol so basically we're allowing

29. 13:48

    folks with an evm compatible wallet that have access to the mpow Token to effectively vote on the near governance very important here is that this is going to be like a three-step process right now we released the token it is now available on Unis swap so folks can get exposure to the Token coming May 15 they we will be allowing folks with MP tokens on their evm compatible wallets to boat directly on the near governance right now making it

30. 14:18

    very simple you vote for validator notes and coming June we will be having the metap pul out grants round number seven with around $90,000 for folks to um participate as a grantee and for folks that are have ow to vote on the different grants so really really exciting times most importantly we want to focus for anyone that's building on AI common goods and education either be on evm or on near please go ahead submit your proposals and let the community

31. 14:50

    vote for you next and so what's happening right now with the metapo da so we're uring right now close to 2.4 million uh dollars in Sor tokens per year 65% of that is going to be sent over to governance participants that's me that means MP Dow token holders on near on on ethereum that are voting on The Dow if you own or if you have an mpow token that by itself would not will not acove protocol fees now 25% of that goes to operations and this is our first step in truly

32. 15:26

    decentralizing the liquid sing platform uh of course somebody has to pay for the party right and so there's operation costs and more importantly audit costs that need to be um paid for and that's what the 25% is for then we leave a t% set for growth initiatives for the metap pull down and so now what about the other liquid sing tokens that's coming in q1 2025 all of the Aurora ethereum

33. 15:51

    ICP Solana and Q uh Network protocol fees uh staking rewards fees are going to go back into the uh mle Dow to be distributed how is that going to work we're still working on it but uh please uh send us your your your feedback and how you see us uh Distributing that protocol fees as well right now the most important part is voting right if you have exposure to the MP token you successfully migrated from

34. 16:16

    meta please go ahead and vote right now all boting positions have been reset that basically says that every we're going to have a clean slate so we can onboard MP token holders on E eum as well and so all voting positions are start at zero go and vote for validators right now there's around 5 million near tokens that are being delegated through token voting so go ahead and do it for

35. 16:41

    those of you that are interested in getting funding from the metapo Dow please prepare prepare your proposals um and more importantly be ready for it right on June 1st we will be allowing folks to submit the proposals there's going to be more than $90,000 in esting your tokens being distributed directly to the to the different uh grantees and more so than anything um the QR code is

36. 17:04

    for to economics have a read at it please uh ask questions go to our Discord and telegram we do want and are committed for this protocol to be run by the community for the community and so we need your help in doing this this is not just a a Twan show between Luc and myself and the medical uh core team we want the community to be involved and this is an open invitation for all of

37. 17:28

    you next more so than anything thank you very much for all the support it's been three years building on top of the near stack we're going to go multichain governance and we're going to show everybody how true governance and Dows can operate with the with the near technology stack thank you very much everybody and looking forward to your comments awesome thank you very much for coming on claudo metap pool have been heads down building and they're not

38. 17:51

    messing around super exciting things in the pipeline um so next up we have Edge AGI I think Cameron is a presenting for for this uh Cameron are you here with us yeah I'm here can you guys hear me amazing yep perfect floor's yours awesome just want just want to shout out to claudo and the metap pool team uh you know they're focused on ensuring that everyone has digital sovereignty for their money and especially for Frontier markets and focused on public goods

39. 18:15

    we're doing something very similar but around artificial intelligence and making sure that people own their data so um yeah this is the whole point of why Edge is getting kicked off um just for context Edge has been around in kind of stealth ish for the last about five months um and I am not leading it the person who's leading it her name is era and she's amazing she's not an early bird we're based out here in the west

40. 18:39

    coast so um she is currently uh getting the beauty sleep that she needs in order to actually operate Edge day-to- day but uh just to you know give you guys a quick tldr Edge is an R&D firm dedicated to ensuring open source AI is successful well funded and um you know we are all really dedicated to making sure that AI runs on the edge of compute IE your local devices um to ensure that privacy and uh is actually an ownership is controlled by the user so Marcus you

41. 19:11

    want to click next this is just a quick quick tldr um again we're focused on R&D uh we are do we do a lot of events locally in the Bay Area um we are potentially kicking off a accelerator and incubator and uh really focused on open source AI partially because you know all these decentralized AI companies a lot of their target market are open- Source AI Builders and so we want to make sure that that demand is bootstrapped to uh make sure that

42. 19:40

    anyone building on near has the direct plugin to actual business so you want to click next quick overview about the community it's primarily Founders uh researchers developers we're not much of like a token holder Community this is very much so focused on Research and development and so um we've spent the last about five six months organizing wide variety of events to get the right people in the

43. 20:05

    room it actually all kicked off we don't have a slide on this uh in September last year where we ran the uh open source AI or sorry Edge intelligence Summit with a lot of the other co-authors of potention is all you need the co-author of llama 2 you know really the top leaders in the AI space to talk about you know what does user owned super intelligence look like and first time I've ever been doing a conference where everyone has agreed that it is

44. 20:31

    about running it locally on your phone um there's a lot of reasons for this the main one is privacy and data ownership and so the whole point here is let's ensure that humans maintain their digital sovereignty in a world controlled by super Intelligence on cook next today we're really just diving into some of the uh programs that we have run you can just hit next one more time um

45. 20:53

    and this's q1 milestones we technically kicked everything off in Q2 last a Q4 last year uh but this quarter we started everything January was a big month of preparation hit next Marcus please and uh kicked everything off at eth Denver for a Ai and web 3 developer assembly we had incredible speakers like the one and only vitalic s deep ilas R rum uh talking about you know what does a decentralized AGI really look like and we had over about six 2,000 people

46. 21:24

    register for the event you know we cannot fit all those people in a single space so we were able to let in about 600 um and you can check out bluma there if you hopefully you guys uh went you can check out YouTube if you didn't go uh all the videos are recorded and edited so check out edges YouTube to see those videos next please next we kicked off an online hackathon uh this is one of the first uh

47. 21:49

    decentralized AI hackathons that I think I've ever been run we were able to you know work with Incredible Partners across web 3 and AI you can see some of the big logos there uh we had about 410 people register about 53 project submissions um raised a good amount of sponsorship money and uh allocated it to about nine different teams not everyone qualified for bounties we were very critical about the submissions you guys

48. 22:13

    know how online hack PL might go um so we were very very critical about this Mission so we allocated about about $10,000 out of the 28 that was available uh next we had a amazing meet up with our incredible Partners at blockchain at Berkeley Ilia actually visited San Francisco which was amazing and we were able to get a bunch of students and faculty from UC Berkeley together to talk about uh

49. 22:38

    decentralized Ai and the role of chain abstraction and all of that you know the whole point here at least the way I see it uh we're just trying to check the blockchain box with chain abstraction to really focus on uh what it means for people to own their money data and governance across different ecosystems and you know AI agents will not be uh chain you know uh they won't be Maxis they're going to be chain agnostic and

50. 23:01

    so how do we actually enable super intelligence across every blockchain is through chain abstraction and so we talked about that at this Meetup and it was a really great time the students were super stoked uh there's a really amazing Community bubbling up here in the Bay Area um and near as front and center so going hit next next thing we actually ran a much larger conference at UC Berkeley uh with funding the commons

51. 23:25

    this is an incredible organization that is dedicated to uh creating new funding models and accelerating them around primarily cryptocurrency but this is the first time that they ran one outside of the world of crypto and more just in how do we fund public goods uh in AI because if super intelligence does exist um who gets access to it who pays for it who pays for the Privacy you know these are questions that a lot of these large organizations are asking like Microsoft and other so guess what we gathered everyone in an amazing venue at UC

52. 23:56

    Berkeley where Alex Skov gave a pretty amazing talk about user owned super intelligence I.E real open Ai and uh that was really great so primarily again the target market here are traditional Ai and uh AI researchers and developers know we're probably running out of time so we just Breeze through the rest R an amazing event got GDC game developer conference was a great kind of party uh

53. 24:21

    we have actually an amazing space it's pretty much free for us so there's not a huge spend uh which is amazing so we can do a lot of these events and uh get the right people in the room so just hit next these are some of the other affiliate events that we ran um Erica um from C crypto planet is amazing and she ran a open source AI Summit at Stanford uh era and I both spoke at the Stanford

54. 24:47

    governance blockchain conference at Stanford we did a proof day with uh nebra which is primarily around ZK and verify machine learning uh GPT engineering brainstorm with a bunch of why combinator teams we had an amazing event uh actually just two days ago um at the space that we're working at called Digital Garage this is on Market Street in San Francisco uh then we had a movie night about two days ago which is really just to get the right people in

55. 25:13

    the room talking about really interesting things like conscious Ai and so uh we watched a movie and it was a great time so moving on uh this is coming up all the stuff is edes marala we will be working with the team this is the previous Zu team if you guys are familiar zalu is a pop-up city that was started by vitalic to essentially get again the right people in the room across longevity AI crypto Etc and we

56. 25:39

    will be running a decentralized AGI Summit at their Hillsburg event I guess like a monthong engagement on June 16th so if you want to learn more about that check out Edge edmer ala.com technically different organizations but we all are focused about the edge and the edge of innovation so um really excited to work with them we worked with them on the turkey event uh they're Ed sorry zalu event in Turkey which is a great time and so we're excited toh continue this

57. 26:08

    relationship next up a little bit different is uh potlock we are running as Edge the um a decentralized Ai and open source AI public goods round which means that there's over $68,000 worth of near about 11,000 near and a matching pool to go support people across near and across other ecosystems and or just open source AI uh with match donations so what does this mean you get to donate to your favorite projects if you donate $ one doll one year small amounts that

58. 26:39

    money can be matched via the matching pool uh up to potentially THX so your one near donation could be you know a thousand year of impact uh depending on how many people donate to the projects that you donate to verified people I want to flag that you do need to get verified you need to make sure you're not bot this is a very gameable system if you were not uh able to verify Humanity so if you want to donate to you know open source AI companies either building on near or off near check out

59. 27:08

    that link if you're building public goods in the AI space you can register you can hit me up on telegram at camon Dennis or on Twitter I'm happy to walk you through that process but we have about uh 15 really cool projects that are some of them building on year some of them are not uh already registered and so the deadlines here uh are May 31st is when applications close the matching round donations will be able to be made from June 1st to June 16th there

60. 27:34

    will be a challenge period on June 17th and then hopefully funding deployed by the end of June so definitely check that out if you're an open source AI Builder there's a way to get free money and the whole point here is we need to create new ways to fund public goods in open source AI because open source is really hard to monetize so um let's make sure super intelligence is actually owned by the user and we need to create new funding mechanisms to

61. 27:58

    that so um almost done we have the AI Builder assembly and this is with aspecta uh this is a really cool initiative that encompasses a physical Hacker House in San Fran in Meno Park California it's about 45 minutes south of San Francisco proper uh and there's going to be everything from mentorship project adiation uh we'll be running a bunch of online and offline technical workshops there's going be mentorship uh

62. 28:23

    this is super exciting opportunity for people interested in building decentralized AI on near and off near if you want to get connected to the uh local Bay Area ecosystem definitely apply to this we've been running Twitter spaces about every week shout out to the new week team for running one uh I think it was about two days ago um this is I think a really great way to sort of start seeding the open source AI community and decentralized AI Community

63. 28:48

    within the near ecosystem uh in order to really build super intelligence uh so hit next slide this one is not 100 % confirmed yet but we will likely be running a uh open source campus in San Francisco what this means is if you are building open source AI this is an ongoing program uh you will be able to have a pretty much discounted or free working space uh we have again technical mentorship we essentially will be onboarding teams kind a white glove sort

64. 29:19

    of way uh into the new ecosystem and the open web so uh if you are building open source AI again hit me up uh we will have a lot of amazing resources for you uh based in San Francisco and that is pretty much it there's a lot of products and other things that are being developed that I cannot talk about so um this is what we got is a bunch of ecosystem and Community work uh definitely now is a

65. 29:44

    great time to get involved if you want to kind of join the near AI Journey um Edge is a separate organization it is a separate entity uh dedicated to increasing open source AI not just on near but across uh the entire tech industry and um yeah we're have a lot of cool stuff going on as you can probably tell so thank you all for having us and shout out to near week and Marcus for for making this

66. 30:08

    happen awesome thank you so much Cameron so much going on make sure you get some sleep but uh yeah AI is definitely near um appreciate you coming on uh next up we have near week that is going to dive into all of the uh awesome stuff that's been happening in the near ecosystem so Peter I'll hand it over to you hello everyone do you hear me yep we can hear you perfect perfect all right so as always very excited to be here thank you for the great updates

67. 30:33

    both from token 2049 metap pool and not last but not least Edge um so exciting to see all these amazing things coming together in the ecosystem um please hit the next slide so to kick it off um not sure if you noticed but near shown a lot of strength in April and throughout the latest Market turmoil which put the puts the market cap in the global top 20 and according to a deck reviewed by coind

68. 30:57

    Dash your foundation is planning to hire AI engineer soon and its product team is working to plan AI work streams over a 3 to six month transition with the overall vision of making AI open source which Cameron just presented very nicely so I would this is just a message to everyone outside the ecosystem that they should note that near is not just jumping on the AI High train near has been deeply rooted in AI since it's its Inception as near. a in 2018 and every part of the

69. 31:23

    near blockchain has been designed with AI use cases and a decentralized AI future in mind so whether you take the blue or red pill doesn't make a difference if you know you know the only question that remains is when top 10 next slide please so kind of boring but still kind of good news since the last Town Hall nothing changed near protocol is still the home to four of the most used

70. 31:46

    applications in crypto it is still the protocol with the most unique active weekly users it is the protocol with the second most weekly transactions and the protocol hit the 1 billion total transactions on Main in April and that is with zero downtime ever and two billion transactions incoming sooner than later I really want to give a huge shout out to the protocol one team this is quite an achievement Dynamic res

71. 32:10

    shouting is Paving the way and with night n sorry with night shade V2 stateless validation incoming which will enable instant resetting allowing to prevent congestion of one application affecting other application to the network I believe it's fair to say that mass adoption is near next slide please however our dedicated flip side analysts seem to have even greater numbers so this they're putting total monthly transactions at more than 225 million

72. 32:37

    which is a 32% increase for March the recent search can largely be contributed to here wallet King sweat met or wallet and Center among others a huge shout out to Flipside crypto and all the great an analysts that are providing these valuable insights every week thanks to you it becomes so much easier to grasp the momentum of the ecosystem numbers are inreasing on The Daily keep it up next slide

73. 33:02

    please um near nft volume seems to be getting back on track as well and uh this is partly very big um partly because of MIT and here wallet so thanks to some of the most successful nft collection launches by the hot Dow on the hot Dow wallet Launchpad and the launch of trading platform meter n f volume on has picked up massively and on the 24th of April MIT ranked seven in terms of number of sales with the amount of daily active nft buyers are near soaring and this is seven this is like

74. 33:33

    top 10 crypto globally so stay tuned on new nfg Collections and make sure to get your JP fixed natively in telegram with mid and here wallet let's and go next slide please so even though we've seen this massive um amount of activity increasing and transaction increasing the average transaction are near during 8 million daily transaction cost was 0.00004 near which equates to a quarter of a dollar Cent at today's prices

75. 34:03

    compared to other blockchains nearest designed to not have limited capacity but instead scale with demand this means there's generally no expectation that blockchain will be full and fee should stay at the floor PES floor price of course there can be hotpots which will require priority fees I would really want to highlight that it's easy to say you build something which can pull this off while showing it is taking it to another another level near just hit

76. 34:27

    different next slide please and the top of all of those stats near has the highest 12-month retention rate among l1s and the number of daily active near users has hit another all-time high as the ecosystem has shown significant growth in the last months this accomplishment highlights near success in sustaining user engagement and satisfaction over time and I think it's fair to say as well we're only just

77. 34:51

    getting started with chain abstraction next slide please on the Chain abstraction oh what is this one oh yeah sorry can we go next one I think I may messed it up a bit there's one so on the topic of chain abstraction we saw the near Foundation introduce the chain abstract podcast and I think we all agree that Ai and chain abstraction is the future so why not connect with some of the brightest Minds in crypto and talk about it some more exactly that is what the chain abstracted podcast is all about some great episodes are already live and I've

78. 35:23

    heard that many more are coming so stay tuned and make sure to claim the Chain abstracted nfts by Shard do they may offer future opportunities with the introduction of the chain abstracted podcast I also want to give a shout out to Jared from R layer one and chard do who recently joined the near Foundation as head of content that's pretty bullish news if you ask me next slide please and we have real chain abstraction even more of it incoming so

79. 35:48

    hot protocol unveiled its betanet which is a decentralized NPC Network built on near protocol the platform enables users to create self custodial wallets that are compatible with with major blockchain networks including Bitcoin base ethereum and salana and in addition to its compatibility features hot protocol plans to further enhance its utility by covering multi-chain gas fees in the near future here wallet announced that they will be the first wallet using

80. 36:13

    hot protocol and with more than six million people mining hot DBS around the crypto World better buckle up all running on near protocol of course next slide please we also saw the DC sunsetting the near digital Collective has concluded its V1 governance framework after funding more than 100 projects but facing operational challenges the transition period until June 16 2024 allows for final funding request until May 15 future governance Frameworks are in development with Community F feedback very much welcomed so if you have any

81. 36:48

    feedback please visit gov. new.org to take part in the ongoing discussions next slide please with all that is brewing around near ecosystem from AI to abstrac multichain dabs telegram Bots to mem coins I think it comes as no surprise that some of the big names around crypto Twitter are keep a close eye on the near ecosystem since last Town Hall we've seen tweets from the likes of Mike dudas

82. 37:12

    Arthur ZX Patrick Scott from Dynamo defi OD GS coin Bureau allcoin daily coindesk just to mention a few so I think this is also a big huge shout out to everyone working in the New York System keep the good work up keep keep the shout outs coming this slide please so we from near week we launched the weekly Alpha space on Wednesdays which is hosted by Co Kate Bergman and this is a dedicated community space for all the exciting stuff happening on near where we do everything we can to give you

83. 37:44

    insights on everything near so the space has seen pretty good traction so far and if you're a project and have exciting stuff to share uh AKA Cameron once you have something you want to disclose in public don't hesitate to reach out so we can get you featured and Spill the Beans to the whole Community last slide please so to sum it up as I always say and remind you guys of please remember

84. 38:08

    that near protocol is at the Forefront of making blockchain technology accessible and intuitive with a very clear vision and concrete steps towards achieving a seamless blockchain experience for all nearest demonstrating that is actually beyond the web rest of web 3 I think it's fair to say that demonstrated by both its capabilities and the types of things building on it and most critically projects are doing things on near that they're not able to do on other chains so better buckle up ladies and gentlemen

85. 38:33

    top 10 here we come dear friends let's keep on showing the world what the new system is made of keep up the good work everyone I'm extremely expressed by the new community by all of you make sure to help each other out and play safe and remember that none of what I just presented and said should be construed as Financial advice as always do your own research and follow near week if you want to stay on top on everything that

86. 38:57

    moves near protocol thank you everyone and have a great weekend thank you Marcus awesome thank you so much Peter some amazing things happening in the near ecosystem and it just keeps picking up uh more to come uh lastly we have Boris that's going to present uh and briefly provide an overview of the recently announced bouncy uh Bounty boosters from devhub uh Boris if you're here uh I'll hand it over to you yes hello everyone how are you yes let's

87. 39:22

    talk a little about the Bounty boosters here you go the next slide so basic basically this is a program we are we we created to try to give the chance to the near developers to get some extra cash the idea is to qualify to the B to boosters is that they join any any hackaton that we are not already sponsoring and we just if they if they can claim any of the Bounties in that hackaton you know side bounties sponsor bounties General bounties ER and win

88. 39:54

    they we will match whatever they want example if they go and and win $2,000 in the general hackaton and they use any of the near stack chain abstraction ran con Chen Etc we and then you they can we will give them another 2000k um $2,000 and then can you go to the next slides please to participate they usually we we have a form that they need to fill so so we can verify that they

89. 40:26

    participated they want Etc then they need to tweet about it and then we write an article then they can read the the the terms and conditions so if you if you are aware on hackathons you can please uh distribute this information so we're trying to get hackers we're are constantly now advertising this on Twitter on telegram Etc so what we're trying to shift this is that more developers use near for we want we would like to see and we are advertising or or

90. 40:57

    are promoting for web to hackaton too so we want them to see we want to see how hackers can you know leverage near for all kind of hack not not only the ones we've been sponsoring that is mostly focused on web Tre oh so yeah that's it thank you very much awesome thank you for coming on Boris uh super lucrative for anybody participating in any hackathon even non- near hackathons to gain some extra cash

91. 41:21

    uh really appreciate all of you tuning in today really appreciate all of you that presented uh like I said a lot of exciting things happening in the near ecosystem uh and until next time take care everybody and have a wonderful weekend