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NEAR Foundation Partners with Gauntlet to Develop a New Governance Framework

Twitter icon  •  Published 7 months ago on June 5, 2024  •  Hassan Maishera

The Near Protocol announced via X on Tuesday that the Near Foundation has partnered with Gauntlet to develop a new governance framework and drive the growth of the Near Protocol ecosystem.

NEAR Foundation Partners with Gauntlet to Develop a New Governance Framework

The Near Protocol announced via X on Tuesday that the Near Foundation has partnered with Gauntlet to develop a new governance framework and drive the growth of the Near Protocol ecosystem. 

The two entities will design a new stake-weighted governance framework and prepare a community proposal. They will also implement targeted initiatives to encourage meaningful on-chain economic activity.

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 $7.538, up by 7% in the last 24 hours.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.