Dragonfly Capital , a top crypto venture capitalist, announced that it has invested in the open network NEAR and has become the third largest verification node of the NEAR mainnet. In the future, he will consult other network verifiers. Together to support the next stage mainnet application.
Dragonfly Capital states in its article that NEAR is a next-generation smart contract platform, closest to Ethereum 2.0's vision of using sharding to increase scalability, but it was released a few years earlier than Ethereum 2.0. "Each shard on the NEAR blockchain can process 10 times more transactions than Ethereum 1.0. The NEAR blockchain will eventually have more than 100 shards. This means that NEAR will eventually be able to process more than Ethereum 1.0. Trading volume is 1,000 times more than 1.0."
As well as scalability, Dragonfly Capital also mentions that NEAR is developer-friendly, "Developers can start and run a network without learning a new programming language."
At the same time, Dragonfly Capital emphasizes on the Rainbow Bridge designed by NEAR. It was reported that Rainbow Bridge is a cross-chain interoperability bridge, which aims to realize the free flow of assets and applications on the Ethereum and NEAR blockchain. "Currently, almost all existing cross-chain bridges rely on trusted asset custodians, but the Rainbow Bridge will be completely decentralized and protected by cryptography and incentives, not by trust."
In fact, in early October last year, Dragonfly Capital showed its preference for the NEAR team. Dragonfly Capital founder Feng Bo spoke of "three key players in the blockchain field", including NEAR founder Illia Polosukhin. The other two are Rune Christensen, founder of MakerDAO, and Robert Leshner, founder of Compound.
"Illia is very open and has a cooperative mentality. NEAR's goal is to become an infrastructure in the blockchain field, similar to the Amazon AWS platform's status in the field of cloud computing. Three of its founding team members are champions of the World Mathematics Olympiad."
According to previous reports, Dragonfly is one of the most active funds in the cryptocurrency industry. It deploys the global blockchain ecosystem by investing in early projects. In the fund investment landscape, Compound (loans), BASIS (stable currency), dYdX (decentralized derivatives trading platform), SynFutures (open synthetic derivatives trading platform), DerivaeDEX (decentralized derivatives trading platform)), DODO (decentralized trading platform based on algorithms active market maker) and Paradigm Labs (decentralized liquidity solutions) and other well-known DeFi projects are on the list.
NEAR is a public PoS chain that uses sharding technology, and is committed to being the most user-friendly smart contract platform for users and developers. Compared to Ethereum's sharding design, NEAR is characterized by its beacon unchecked, which is relatively easy to implement. In September last year, NEAR Protocol announced the decentralization of the main network. The foundation has completely withdrawn from operating the node and has been taken over by the community, meaning that the project has developed into a decentralized network run entirely by the community.