Was the beginning of NEAR not blockchain, but AI?
In 2017, Illia Polosukhin and Alex Skidanov founded the AI startup NEAR AI to write code.
Global students contributed by writing code and documents, but cross-border rewards were an issue.
PayPal and Wise were unstable, and blockchain payments had too high gas fees, revealing the reality that the global payment infrastructure was broken. In 2018, the two founders saw an opportunity and believed that a blockchain with large-scale scalability and usability was needed, leading to the birth of NEAR Protocol.
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