►
Description
NEAR Protocol is built to scale to 1 Billion users in 5 years. How will we actually get there? NEAR Co-Founder Illia Polosukhin's solo Whiteboard Series session shares his vision for the NEAR ecosystem, unpacking each layer of the stack and outlining what we still need to build out.
NEAR was designed from day one to be simple, secure, and scalable. From the flexible account model and familiar coding languages to Proof-of-Stake and a sharding architecture that places zero burden on developers and users, Illia shows how each element interacts to support the best user developer experience in Web3: from the platform, to the ecosystem, to the applications, to user acquisition and ecosystem governance – and where we go from here.
For a clear mental model of NEAR Protocol, what sets the tech apart, and where we're heading as an ecosystem, check out the first-ever Whiteboard Series by NEAR and about NEAR.
INTRO: 00:00 - 01:35
PLATFORM: 01:38 - 09:47
ACCOUNT MODEL: 09:48 - 18:14
PLATFORM: 18:16 - 21:59
- https://www.pagoda.co/
- https://www.calimero.network/
- https://aurora.dev/
- https://oct.network/
- https://rainbowbridge.app/transfer
ECOSYSTEM: 22:00 - 27:05
- https://www.proximity.dev/
- https://humanguild.io/
- https://www.metaweb.vc/
APPS: 27:06 - 37:50
- https://twitter.com/sweateconomy
SOCIAL: 37:51 - 44:49
CREATOR: 44:50 - 47:40
USER JOURNEY: 47:45 - 53:13
NEAR GOVERNANCE: 53:14 - 01:01:17
OUTRO: 01:01:18
LINKS:
1:52
Check out the White Paper for a deep dive on the NEAR Protocol:
https://near.org/papers/the-official-near-white-paper/
2:02
Click here for more on NEAR developer tooling:
https://near.org/developer-tools/
3:28
Learn more about the NEAR Account Model:
https://docs.near.org/docs/concepts/account
6:03
Click here for more about the NEAR Smart Contract Audit Program:
https://medium.com/nearprotocol/near-foundation-launches-smart-contract-audit-program-f138c5a55caa
7:55
To learn more about NEAR’s sharded architecture, check out Nightshade:
https://near.org/papers/nightshade/
10:22
Click here for an overview of the NEAR Account Model:
https://medium.com/nearprotocol/an-introduction-to-near-accounts-f96cb84ef091
12:30
Learn more about how access keys work on NEAR:
https://www.youtube.com/watch?v=suUerHpmNM0
16:20
For an example of how to send NEAR to a new user, check out NEAR Drops:
https://near.org/blog/send-near-to-anyone-with-near-drops
19:03
Learn more about Pagoda & developer tooling at:
https://pagoda.co
19:33
Learn more about building on private shards at:
https://calimero.network
19:57
Visit Aurora.dev for more info about Aurora and the Rainbow Bridge:
https://aurora.dev
20:34
Learn more about Octopus custom appchains at Oct.network:
https://oct.network
21:00
Learn more about OnMachina storage shards:
https://machina.storage
21:12
Find out more about Flux Protocol here:
https://www.fluxprotocol.org/
22:57
Learn more about NEAR Foundation’s role in the ecosystem:
https://near.org/blog/the-near-foundations-vision-for-the-future/
24:00
Click here for info on reaching Proximity:
https://www.proximity.dev/
24:35
Learn more about Human Guild and gaming on NEAR:
https://humanguild.io/
33:03
Check out Sweatcoin here and earn rewards for steps:
https://sweatco.in/
33:10
Learn more about Brave Browser here:
https://brave.com/
54:53
Click here to explore AstroDAO or start your own DAO:
https://app.astrodao.com/all/feed
59:55
Sign up for NEARWeek and follow along at:
https://nearweek.com/
1:01:20
Participate in NEAR Governance on the Forum:
https://gov.near.org/
Join NEAR's community:
Website: https://near.org/
Reddit: https://www.reddit.com/r/nearprotocol/
Discord: https://near.chat/
Medium: https://medium.com/nearprotocol
Blog: https://near.org/blog/
Twitter: https://twitter.com/NEARProtocol
GitHub: https://github.com/near https://github.com/nearprotocol
Dev Docs: https://docs.near.org/
Create a wallet: https://wallet.near.org/create
Apps on NEAR: https://awesomenear.com/
Learn to Build On NEAR: https://www.near.university/
Grants & Funding: https://near.org/grants/
#Blockchain #FutureisNEAR #NEAR #nearprotocol
A
Hey
everyone:
this
is
ilya
co-founder
of
neoprotocol,
and
today
I'm
gonna
do
whiteboard
with
myself
we're
gonna
dive
in
into
near's
future
and
kind
of
explore.
The
vision
for
the
ecosystem,
as
well
as
a
lot
of
work
ahead
to
start
with
nir's
mission
is
a
world
where
people
have
control
over
their
assets,
data
and
power
of
governance,
and
to
build
this
world
right
and
to
bring
billions
of
users.
We
need
a
number
of
things
and
specifically,
we
need
a
platform
to
bring
them
on.
A
We
need
the
ecosystem
to
support
it
and
we
need
applications
for
people
to
use
and
so
kind
of
across
each
one
of
these
dimensions.
There's
a
number
of
things
that
you
know
already
here,
as
well
as
need,
still
need
to
be
built
out
and
going
to
be
expanding,
but
the
way
we
measure
success
first
and
foremost,
is
active.
Users
is
people
who
actually
are
on
the
on
in
the
ecosystem
on
the
platform
using
applications
getting
value
and
kind
of
across
you
know
to
achieve
mainstream
adoption
force.
A
A
A
A
A
What
does
that
mean?
It
means
that,
as
a
user,
you
will
not
need
to
figure
out
how
this
protocol
works
right.
You
should
not
start
by
reading
a
white
paper
of
specification
to
use
this
right.
You
don't
start
by
reading.
You
know
how
distributed
systems
work
to
use
facebook,
google,
it
also
similarly,
should
be
simple
to
build
right.
You
should
not
need
to
figure
out
all
the
details
of
you
know,
distributed
systems
to
and
like
how
consensus
works
to
build
on
it.
A
Ideally,
it
should
support
languages
that
you're
familiar
with
right,
and
so
so
nier
has
been
really
focused
on
all
this
and
kind
of
splitting,
this
into
user
simplicity
and
developer
simplicity
for
users.
We
have
kind
of
built
a
lot
of
things
around
account
model
and
I'll
talk
about
later.
There's
a
lot
of
videos
about
it
for
developers,
we've
been
focused
on
kind
of
web
assembly,
and
so
webassembly
is
an
environment
that
allows
kind
of
generic
applications
to
run,
and
it
is
something
beyond
blockchain
space.
A
There
is,
you
know
it
runs
actually
in
every
browser,
there's
a
lot
of
major
players
working
with
it.
It's
used
in
iot.
It's
used
in
kind
of
for
club
for
cloud
deployments
and
in
blockchain,
and
so
what
it
allows
to
do
is
actually
to
use
rust,
the
most
loved
language
and
javascript,
maybe
the
the
most
used
language,
and
so
we
actually
recently
and
launched
the
first
version
and
it's
going
to
be
evolving.
A
As
a
platform
right,
if
we
think
about
the
user
kind
of
mainstream
user,
they
should
not
need
to
think
about.
Will
they
be
scammed
by
the
next
application
they
use?
Will
the
you
know
plug-in
they
install,
will
steal
all
of
their
funds,
and
so
and
similarly,
they
should
not
need
to
think
about.
You
know
will
when
they
send
to
from
one
application
to
another.
A
The
other
application
runs
on
a
chain
that
will
disappear
tomorrow,
like
there
needs
to
be
a
level
of
security,
that
kind
of
almost
transparent
as
a
user,
but
as
a
set
of
standards.
As
a
you
know,
economic
security
presents
presents
with
kind
of
framework
that
protects
the
user,
and
so
obviously
you
know
there's
proof
of
stake.
There
is
kind
of
the
approaches.
You
know.
Security
audits,.
A
You
know
there's,
obviously
a
distribution,
and
so
some
of
them
will
have
hundreds
of
millions
of
users
and
to
achieve
that,
you
need
something
that
can
scale
to
them
and
kind
of
the
only
way
to
scale
in
the
world
is
to
run
things
parallel.
This
is
okay.
Every
single
approach
to
scalability
is
writing
things
in
parallel
in
the
web
2
world,
it's
called
sharding,
meaning
you
have
multiple
machines
that
are
and
kind
of,
ideally
ever
expanding
system
where
the
data
the
processing
is
being
paralyzed.
A
In
the
blockchain
world
there
is
rollups
app
chains,
power
chains,
cnets
and
other
things,
and
so
kind
of
sharding
became
a
very
specific
subset
of
parallelization.
But
at
the
end,
a
lot
of
these
things
just
have
a
different
experience
as
a
user
and
so
the
following
this
kind
of
pattern.
We
want
something,
that's
simple
and
it's
secure.
So
how
do
we
achieve
scalability?
That's
simple
for
a
user,
simple
for
developer
and
it's
secure
and
the
answer
is
sharding
and
it's
shorting,
which
is
hidden
from
the
user
right.
A
A
All
of
that
should
not
be
in
the
user
mind,
and
so
that's,
why
kind
of
you
know
a
true
sharding
the
same
as
in
web
2,
where
you
don't
need
to
think
about
the
scalability
under
the
hood,
you,
don't
you
don't
think
how
many
machines
google
run.
You
just
enter
your
query,
and
so
that's
what
near
being
focused
on
from
the
start
is
how
do
we
achieve
that?
A
Obviously,
there's
a
lot
of
work
being
put
in
there's
still
a
lot
of
work
to
do,
and
you
can
check
out
our
roadmap
around
that
and
where
we
are
so,
these
are
kind
of
you
know,
basic
properties
that
we
believe
very
little
of
other
protocols
and
ecosystems
are
focusing
on
because
a
lot
of
people
focus
on
how
we
build
this
product.
How
do
we
build
this
consensus,
or
how
do
we
kind
of
you
know
make
these
cheap,
but
we
really
believe
that
to
achieve
mainstream
adoption.
Simplicity
is
a
key.
A
A
So
account
model
is
important
because
this
is
actually
what
represents
user
on
chain
and
kind
of
in
the
web.
3
world
right
and
so
near
account
model
is
completely
different
from
everybody
else,
because
it's
designed
to
give
the
user
the
control
they
need,
while
allowing
developers
to
build
as
flexible
systems
as
they
want,
and
so
it
starts
with
a
user
id
an
account
id,
and
so
my
account,
for
example,
is
illya.near.
A
So
this
is
maps
to
kind
of
a
set
of
things
right.
Is
you
know
how
much
near
I
have,
for
example,
and
some
other
information,
and
this
is
also
kind
of
across
the
whole
ecosystem
maps
to
other
tokens
to
nfts
to
you
know
what
are
you
using
in
social
networks?
What
are
you
doing
in
dallas
et
cetera,
and
so
you
can
pull
in
all
of
the
information
based
on
this
account
id
now.
A
My
account.
I
have
a
public
key
and
I
have
all
permissions.
So
called
full
access
key,
so
I
can
control
this
account
completely.
I
can,
for
example,
you
know,
move
the
money,
I
can
use
apps
and
I
can
replace
the
keys.
So,
let's
imagine
there
is
something
going
on
with
security
of
of
even
cryptography
of
this
public
key.
What
I
can
do
is
I
can
create
a
new
key
and
add
it
and
then
remove
the
old
key.
A
A
If
you're,
you
know
something's
wrong
with
your
key
in
one
of
the
other
blockchains,
you
actually
need
to
go
and
send
all
the
assets
to
a
new
account
which
can
be
almost
impossible
if
you
have
lockups,
if
you
have
some
kind
of
lock
drop
or
anything
else
now,
because
it
has
permissions,
you
can
actually
give
other
applications
other
front-ends,
you
know
browser
game,
etc.
Some
permissions,
for
example.
A
A
So
there's
multiple
parties
need.
You
know
what,
if
three
banks
need
to
actually
do
this
at
the
same
time?
Why
is
this
important
is
because,
if
you
losses
your
key,
for
example,
from
one
of
your
devices
or
you
know,
you
should
probably
have
different
devices
with
different
keys.
You
lost
all
of
them,
you
can
go
to
them.
You
know
and
start
this
recovery
process.
It's
a
delay,
for
example
a
week
or
you
know
months
whatever,
whatever
you
want
and
you
get,
you
know
access
to
the
account
back
if
they
try
to
do
it
themselves
right.
A
A
Now,
beyond
that,
you
can
actually
have
a
single
use
key.
This
is
just
again
the
same
pattern.
The
same
the
same
system,
you
can
add
a
key
that
is
programmed
to
be
used
one
time
for
one
transaction,
only
for
calling
specifics
at
a
function
and
then
it
gets
deleted
why
this
is
used.
For
example,
the
near
account
actually
is
an
account
itself
and
you
can
call
it
to
register
with
some.
A
You
know
near
nfts,
you
know
fungible
tokens,
etc
and
with
a
single
use,
public
key
and
now
you
can
give
the
private
key
from
from
this
right.
The
previous
password
from
this
to
somebody
else
to
call
listener
account
to
create
new
account
for
them
right,
let's
say
robert.nir,
which
will
receive
the
near
the
nfts.
A
A
This
is
pretty
unique
because
you
actually
cannot
do
this
in
centralized
system.
You
cannot
send
something
to
somebody
in
venmo
if
they
don't
have
an
account,
but
you
can
in
near
so
generally
get
a
very
flexible
model.
This
model
also
allows
to
create
subaccounts,
so
only
nier
can
create
something
dot
near
only
ilio.nir
can
create
something
x.dillio.net.
A
So
you
have
this
ability
to
create
subspaces
which
are
controlled
by
your
kind
of
smart
contract.
On
this
account
and
by
the
way,
every
account
is
a
contract
as
well,
so
every
account
is
actually
an
app
and
just
by
default
it's
an
empty
app
there's,
nothing
there,
but
you
can
obviously
add
and
remove
app
sub
upgrade,
and
your
permissions
define
how
you
use
it.
A
So
you
can
have
you
know
upgradeable
in
place.
Apps,
if
you
want,
you
can
also
have
non-upgradable
apps
by
removing
all
the
keys
and
not
programming
upgradability
into
contract,
and
you
can
allow
them
to
create
subspaces,
which
you
operate
so
very
flexible
model,
a
lot
of
functionality,
a
lot
of
flexibility
and
designed
to
be
kind
of
to
give
the
simplicity
to
the
user
right.
They
don't
need
to
know
about.
You
know
hashes,
even
public
keys,
like
all
of
the
stuff
actually
doesn't
need
to
be
shown
to
the
user.
A
This
can
be
mapped
to
a
device
name
right.
This
is
my
you
know
iphone.
This
is
my
macbook,
and
this
is
you
know
a
trustworthy
bank
or
you
know
a
set
of
trustworthy
friends
right,
so
you
can
have
like
the
keys
actually
can
be
the
mapped
into
what
they
represent
and
so
now
and
permissions
they
are
allowed
to
do
so.
You
can
give
this
to
normal
to
kind
of
people
who
are
not
technical,
who
don't
know
how
crypto
works
and
explain
to
them.
A
So
that's
account
model.
There's
a
lot
more
infra
that,
as
I
mentioned,
kind
of
at
the
core
of
this
right,
we
have
near
protocol,
and
so,
if
you're
familiar
with
an
open
source
right,
you
have
linux.
Then
there's
linux
kernel,
there's
a
lot
of
linux
kind
of
utilities
and
projects
around
it,
they're
all
open
source,
they're
all
being
contributed
by
a
lot
of
different
parties,
and
then
there's
companies
that
are
work
actually
doing
the
work
and
contributing
and
building
business
around,
and
so
similarly
near
protocol
is
an
open
source
protocol.
A
There
is
kind
of
everything
is
there,
you
can
contribute
to
it,
you
can
work
on
it
and
there's
companies
that
are
working
with
it
right.
So
one
of
the
kind
of
main
companies
that
focus
on
infrastructure
is
called
pagoda
and
it's
designed
to
work
to
to
deliver
kind
of
web
three
startup
platform,
and
so
this
is
a
place
where
you
can.
You
know,
have
a
lot
of
developer
tooling,
you
have
rpcs
sdks
and
where
you
you
know
you
get
kind
of
integration
of
analytics
triggers
indexing.
All
the
tooling.
A
You
need
to
build
your
web
three
kind
of
platform
you
have
things
like
calimera
calimera
is
a
private
chart
is
a
way
to
run,
for
example,
for
enterprise
or
for
a
dow,
something
that's
not
publicly
visible.
Not
all
data
is
public,
visible,
while
still
connected
to
the
near
to
the
main
chain
to
the
protocol,
and
obviously
they
contribute
to
the
protocol
itself.
A
You
have
aurora,
aurora
is
runs
on
top
of
near
it's
a
smart
contract
on
top
of
near
it
uses
all
of
the
facilities
of
mir
and
then
on
top
provides
a
way
to
launch
ethereum
applications
and
use
all
the
ethereum
tooling
really
easily
right.
They
contribute
to
the
new
protocol.
They
actually
have
been
one
of
the
biggest
drivers
for
the
performance
improvement.
A
A
You
have,
you
know
a
number
of,
but
also
like
falcone,
saya
et
cetera.
You
have
oracles
like
flux
and
others
and
kind
of
you
have
more
and
more
of
this
of
those
things
popping
up
right,
there's
rainbow
bridge
which
allows
to
communicate
with
ethereum
and
with
other
chains
and
there's
other
bridges
here.
So
there's
a
lot
of
infrastructure.
A
lot
of
it
is
either
using
contributing.
You
know,
asking
others
to
build
pieces
and
kind
of
continuously
evolving,
the
new
protocol
and
standards,
and
so
that's
a
platform
that
you
can
rely
on
right.
A
That's
a
platform
that
is
actually
decentralized,
not
just
because
the
protocol
is
decentralized
and
run
by
number
of
validators
kind
of
ever
growing
with
more
shards,
but
also
because
you
have
a
lot
of
different
parties,
building
different
pieces
of
the
infrastructure,
contributing
to
the
protocol
and
being
able
to
understand
and
push
it
forward.
Moving
up
the
stack
we
have
ecosystem.
A
Why
is
ecosystem
important
right?
Let's
say
you
know
we
have
all
the
technology,
you
have
all
the
nodes,
everything's
running,
you
know,
go
build
stuff
and
the
reality
is.
You
know
at
some
point.
Maybe
it's
all
going
to
be
functioning
itself,
but
at
the
end
the
whole
point
of
f3
is
is
the
ecosystem
is
composibility?
Is
this
interaction
of
different
parties,
working
together
and
so
to
bootstrap,
but
also
over
time
to
govern
and
and
kind
of
navigate
this
right?
A
A
Move
and
others
so,
for
example,
proximity
focuses
specifically
on
finance
and
defy
right.
They've
have
a
team
that
you
know,
does
everything
from
helping
investing,
giving
grants,
building
and
kind
of
connecting
pieces
and
dots
for
d5
applications
there's
a
wide
variety,
obviously
of
applications
that
are
coming,
and
so
they,
you
know
understand
which
ones
will
work
right
now,
which
ones
need
to
be
help?
What
are
the
missing
pieces
and
then
kind
of
trying
to
help
out
and
fill
them
in?
A
You
have
very
similar
approach
on
human
guild
side,
but
for
gaming
they're
trying
to
build
a
kind
of
whole
ecosystem
of
founders
of
game
developers
who
will
help
each
other
build
their
game
successfully
in
web
3.
Right,
there's
still
a
lot
of
research
how
to
build
games,
they
still
are
learning,
and
so
they,
you
know
hosting
founder
to
founder,
helping
office
hours.
A
A
They
focused
on
everything
from
community
and
ecosystem
development
in
that
market,
finding
developers
finding
projects-
and
then
you
know,
connecting
with
the
government
connecting
with
enterprises
connecting
with
vcs
and
kind
of
funding
in
that
area
and
so
they're
kind
of
becoming
a
representation
of
near,
but
they
all
are
folk
kind
of
you
know,
are
incentivized
and
and
in
a
way
building
this
ecosystem
because
they
want
their
projects
and
their.
You
know,
investments
to
be
successful,
and
so
that
allows
to
kind
of
have
a
presence
around
the
world.
A
So
you
know,
if
you
think
of
it
as
kind
of
a
matrix
right,
you
have
defy
nft
gaming,
etc.
You
have
you
know
like
countries,
and
so
you
have
kind
of
coverage
across
each
dimension
and
they
work
with
each
other
and
coordinate
with
each
other.
When,
when
this
intersects
now
we'll
see
this
evolving
right
like
right
now,
I
think
with
five
different
regional
hubs.
We
expect
you
know
over
the
next
few
years
this
to
continue
growing
to
20.,
potentially
some
of
them.
A
You
know
actually
probably
times
themselves,
and
similarly,
you
know
with
zika
funds
and
with
verticals
there's
a
number
of
new
verticals.
You
know,
as
people
are
actually
figuring
out,
where
even
more
like,
where
things
are
actually
ready
to
be
immature
to
be
built
in
web
3,
more
verticals
are
being
developed.
A
A
A
You
know
core
properties
that
we
want
to
achieve,
and
the
question
is
a:
how
do
we
get
there
b?
What
are
the
best
apps
that
surfaces
right
and
so
obviously
finance
has
been
the
most
clear
use
case
because
with
finance
you
know,
this
is
where
the
assets
are.
We've
seen
multiple
failures,
including
you
know,
in
in
blockchain,
with
centralized
parties
over
past
all
10
years
to
be
clear.
Where
things
you
know,
if,
if
you
don't
control
your
assets,
they're,
not
yours
and
you
may
not
be
able
to
get
them.
A
At
the
same
time,
the
other
part
is
social
right,
social
became.
You
know,
social
is
our
life.
Social
is
how
we
communicate
how
we,
you
know,
read
the
information,
how
we
propagate
it
as
well
and
right
now
it
is,
you
know,
controlled
by
centralized
systems.
It's
kind
of
everything
from
you
know.
The
data
you
put
in
to
how
it's
shown
is
fully
controlled
and
fully
owned
by
those
centralized
parties
and
to
be
clear.
A
Those
centrist
parties
actually
don't
want
that
either
but
economically,
they
are,
you
know,
that's
their
mode,
and
so
they
are,
you
know,
continue
doing
that
they're
not
able
to
break
out
of
that
loop.
Even,
however,
you
know
even
some
of
the
founders
want
to,
and
so
it's
pretty
clear
that
you
know
this
will
shift
and
it's
already
been
shifting
kind
of
in
different
aspects
in
web
3.
A
Because
you
know
the
social
have
kind
of
across
instagram
youtube.
Facebook
have
kind
of
created
a
platform,
massive
platforms
where
creators
are
able
to
have
their
audiences,
but
they
also
have
you
know,
naturally,
through
their
own
incentives,
dominated
the
economy
of
this
right
as
an
influencer
as
a
writer,
as
you
know,
artists,
you
pretty
much
giving
up
your
ownership
and
they
can.
You
know
they
can
kind
of
target
your
audience.
They
can,
you
know,
put
their
ads,
they
can.
A
You
know
change
how
it's
shown
and
they
can
ban
you
at
any
time
and
so
what
we've
seen
again
with
blockchain
the
kind
of
opening
of
this
economy
for
creators
around
the
world.
You
know
removing
the
barriers
giving
the
direct
access
to
the
users
to
the
audience
have
been
a
huge
kind
of
economic
boost
for
everyone,
although
we
still
don't
have
all
of
the
tools
and
all
of
the
platforms
built
out,
but
these
three
things
actually
create
almost
a
kind
of
a
flywheel,
and
we
call
like
this
whole
thing.
A
You
know
ownership
creator
economy,
because
you
know
this
is
where
the
platform
and
distribution
is.
This
is
where
liquidity
and
and
kind
of
financing
is-
and
this
is
where
the
you
know,
the
creation
and
kind
of
value
add
is
because
at
the
end,
you
know
you
cannot
just
have
an
economy.
That's
based
on
on
a
circle
like
on
a
circular
economy,
so
value
value
creation
is
important.
Kind
of
supply
chain
is
important.
A
A
A
A
A
So
all
of
the
kind
of
standard
you
know
if
we
think
of
this
part
is
standard,
traditional
finance
that
we're
pretty
much
rebuilding
in
the
in
the
blockchain,
based
on
kind
of
this
ownership
of
assets
as
well,
some
of
the
economy
and
so
to
expand
this
right
like
if
it's
all
in
crypto.
It's
very
self-referential,
you
know
you're
just
kind
of
creating
a
derivative
on
the
token
that
order
book
is
traded
on
other
book
that
you
know
is
issued
by
a
lending
protocol.
What
you
need
is
real
world
assets.
A
And
you
need
kind
of
banking
facility,
and
so
when
I
say
banking-
maybe
it's
better
to
say
neo
banking,
but
its
ability
for
normal
users
to
sign
up
to
issue
a
credit
card
to
you
know
accept
wire
to
send
out.
You
know
ech
et
cetera,
right,
like
all
of
the
things
that
people
are
used
to
in
normal
banking,
but
it's
hooked
in
directly
into
your
kind
of
account
and
all
of
the
financial
infrastructure.
That's
here
right
and
there's
few
few
people
building
this
kind
of
hooking
in
and
so
on
near
this
kind
of
the
benefit.
A
A
huge
benefit
is
that
because
your
account
is
so
programmable,
you
can
directly
build
your
banking
infrastructure
on
near.
So
you
don't
need
to
have
even
potentially
custody
to
offer
some
of
this
value
and
obviously
like
to
do
this.
You
need
still
kyc
compliance
and
many
other
pieces,
and
then
you
have
you
know
as
soon
as
you
have
this.
You
now
have
treasury.
A
You
have
yield
optimizers,
you
know,
then
you
build
all
of
the
kind
of
large
financial
management
tooling
to
do
this,
but
this
is
kind
of
you
know:
stable
coins,
real
world
assets,
banking,
are
the
thing,
and
then
you
know
taxes
lending
are
the
fundamental
pieces
that
actually
create
kind
of
a
fully
functioning
infrastructure,
and
now
you
still
need
you
know
this.
How
it
connects
to
social
and
creator.
You
have
you
know,
kind
of
a
token
facility
right,
so
token
facility
is
what
will
create
new
value.
A
Obviously,
a
lot
more
pieces,
you
know
there's
a
lot
of
projects
building
this
there's
a
lot
of
still
missing
pieces
here.
Insurance
is
important
across
a
whole
set
of
spectrums
right.
You
know
everything
from
you
know
like
failure
of
of
d5
projects
to
you
know
ensuring
something
real
world
to
you
know
ensuring
your
account
how
fdic
does
like
you
can
actually
do
that
directly
on
crypto
and
allow
to
to
provide
some
like
account
level,
insurance.
A
Social,
so
usually
kind
of
before
we
would
call
social
dowse
and
on
one
side
it's
true,
because
that
was
actually
a
social
construct
and
any
kind
of
social
gathering
on
blockchain
ends
up
one
way
or
another
hidal
or
token
or
something
on
the
other
side.
There's
a
lot
more
to
social
adventure,
styles
and
kind
of
we
see
more
and
more
things
are
being
built
out
to
facilitate
interactions.
A
Facilitate
the
communication
between
people-
and
you
know,
a
kind
of
organization
that
doesn't
always
involve
money
and
kind
of
down
in
many
ways
is
more
of
a
decision
making
and
money
money
transmission.
So,
for
me,
dao,
is
you
know
social
that
has
direct
linkage
to
financial
infrastructure,
to
find
to
financing
to
to
bank
account
right,
like
facebook
groups
with
bank
accounts
and
so
here's
the
important
pieces.
Obviously
you
know
kind
of
everything
from
user
profile
to
social
graph.
A
And
you
know
you
grow
from
there
and
so
kind
of
just
to
stop
by
and
see
the
things
user
profile
is
really
interesting,
because
you
have
actually
two
sides.
You
have
the
user
side
kind
of
what
user
wants
to
leave.
Then
you
have
the
kind
of
the
external
side
what
others
want
to
talk
and
because
in
blockchain
and
especially
on
mir,
there's
no
difference
between
the
user
account
a
dao
account
an
application
account.
A
Fundamentally,
you
can
actually
have
a
profile
for
the
app
for
your
dow.
For
anything
you
know
you
want
to
represent,
there's
an
account
on
there,
which
you
can
do
pretty
much
with
everything,
and
so
that
allows
you
to
then
have
a
social
graph
of
this
profiles
right.
So
you
can
follow
a
project
you
can,
you
know,
interact
with
it.
The
project
itself
cannot
like
can
be.
A
A
It's
based
on
your
profile,
it's
based
on
your
content,
and
so
but
then
reputation
becomes
extremely
important
signal
into
lending
into
insurance
into
you
know,
interactions
with
dows
and
everything
right
so,
like
you
have
this
kind
of
you
know
way
where
then
it
comes
back
again
and
when
you
you
know,
look
at
the
user
profile,
you
can
actually
see
the
reputation
content,
and
this
is
important
as
it
goes
into
greater
economy
is
obviously
you
know
for
thinking
of
social
right.
It's
first
and
foremost,
a
creator
platform
is
communication.
A
Content
is
a
way
to
for
people
to
create,
interact,
communicate,
and
so
again
it's
linked
with
reputation
as
well.
Right,
like
you
want
to
read
repeatable
content,
you
want
to
read
content
that
you
know
coming
from,
maybe
your
friends
or
from
things
you
follow
or
from
you
know,
apps
apps,
that
you're
using
which,
which
is
why
you
know
this,
goes
into
certification,
which
you
know
potentially
goes
back
into
kind
of
content.
Like
you
know,
you
want
to
know.
This
is
a
there's,
a
moderation
here
as
well.
A
You
can
build
your
new
media
on
top
of
this
because
it's
you
know
more
trustworthy,
it's
easier
to
connect
other
things.
It
has.
You
know,
cryptographic
certification,
that
content
is
not
modified
after
it's
published
it
has.
You
know
a
like
linked
into
network
of
moderators.
Who
are
you
know
trustworthy
by
you,
because
you,
you
know
you're
following
them
and
so
there's
a
number
of
ways
how
you
can
like
position
this
and
and
package
this
for
the
specific
users.
A
But
at
the
end
you
know
it's
common
data
platform,
common
account
model,
common
usage
model,
and
all
this
can
be.
You
know
the
applications
can
be
doing
this.
You
know
the
application
can
be
messaging,
the
user
through
their
account
model
as
well,
and
so
you
can
create
kind
of
all
those
different
aspects
of
of
interactions.
A
And
so
yeah,
and
obviously
to
not
forget
the
down
infrastructure
here.
Right
is
what
allows
for
you
know,
for
the
users
to
interact
with
financial
things,
which
then
goes
into
talking
facility
right.
The
dao
is
where
you
can
actually
launch
a
token
as
a
community.
You
can
issue
it,
you
can,
you
know,
interact
with
it.
You
can,
for
example,
start
then
connecting
content
and
talking
and
kind
of
create
creator
economy
from
there.
A
The
kind
of
it
starts
with
social
starts
with
you
know,
there's
no
creator
that
doesn't
want
people
to
follow
into
you
know
to
interact
with
them,
so
it
starts
with
social.
But
obviously
there
is
you
know:
new
primitive
of
nfts
that's
been
created
that
allows
to
have
an
ownable
piece
of
of
creation
right.
So
you
have
this
content
now
and
this
content
can
be.
You
know
everything.
It's
images,
videos,
music,
but
also
it's
programs.
A
You
know
it
can
be
levels
for
the
game
like
anything
that
the
user
generated
right.
Modifications
you
know
is
the
content,
it
can
be
ownable,
it
can
create.
You
know,
royalties
that
can
be
then
linked
to
a
dao.
That
then
issues
a
token
right.
So
so
really
the
creator
economy
is
this
kind
of
linkage
of
ownership
of
the
assets,
some
form
of
following
and
social
and
linked
to
some
economy
that
gets
linked
into
the
finance.
A
So
that's
why
the
creator
creator
economy,
really
kind
of
links
these
pieces,
social
and
finance
through
kind
of
creation.
I
know
this
is
a
lot
of
tooling
there's
a
lot
of
applications
and
things
to
do
with
nfts
everything
from
minting
selling.
You
know
interacting
utility
like
now.
You
know
you
can
use
it
for
ticketing.
You
can
use
it,
for
you
know
art
you
can
use
it,
for
you
know,
games,
etc
right,
and
so
that's
why
you
know
when
we
think
of
games
like
in
a
way.
A
This
is
just
a
part
of
the
creator
thing,
because
you
have
the
games
that
creating
nfts,
but
also
allowing
maybe
users
to
you,
know
to
potentially
kind
of
combine,
multiple
nfcs
into
new
ones,
etc,
and
then
they
interact
and
sort
it
out
to
their
users
to
their
economy,
and
then
you
know
creating
new
tokens
in
game
to
interact
with
it.
So,
like
all
of
this
is
kind
of
you
know,
interlinking
and
because
it
choses
primitives
is
very
composable
and
they're
like
their
own.
A
A
A
That's
why
something
like
sweatcoin,
brave
and
other
kind
of
onboarding
mechanisms
are
so
valuable
because
they
kind
of
create
value
they
kind
of
convert
in
a
way
their
user
attention
to
the
direct
value
to
the
user
right,
something
that
you
know.
Google
and
facebook
convert
to
their
dollars
in
their
bank
account,
and
so
the
user
actually
gets.
You
know
some
token.
A
That
be
brave
or
sweat
that
now
is
living
in
some
account,
and
so
this
is
important
piece,
because
this
is
where
kind
of
their
on-chain
life
starts
right,
and
so
it's
really
important
to
make
this
step
extremely
easy
again,
because
of
near
account
model
we
can
create
kind
of
accounts
very
easily.
We
can,
on
top
of
it
start
with
maybe
less
secure
setup
right.
You
can
actually
start
with
something
that
you
know.
Maybe
you
just
sign
up
with
an
email
and
obviously
you
should
not.
A
You
know,
store
millions
of
dollars
accessible
from
your
email,
but
when
you
start,
you
know
you're
just
kind
of
getting
some
initial
value
and
by
the
way
like
as
social
matures,
there
will
be.
You
know
some
of
this
done
through
social
and
kind
of
initial
value
will
be
coming
through
that,
so
you
sign
up
as
an
email.
A
You
get
an
account,
but
because
it's
new
accounts-
and
you
have
you
know
this
ability
to
change
keys
to
kind
of
pro
like
applications,
can
actually
guide
you
through
the
path
where
you
increasing
the
security
of
your
of
your
account
as
there's
more
value
being
occurred.
Right
like
again,
if
you're,
just
starting
there's
a
dollar
sitting
there,
you
don't
really
care
that
it's
an
email
right.
A
You
probably
have
more
more
more
valuable
things
there,
but,
as
you
know,
maybe
you
in
you
know,
got
and
or
got
an
ft
for
a
dollar,
and
then
it
went
up
in
price
to
10
000.
Now
you
probably
should
set
up
a
more
secure
setup.
Maybe
with
you
know,
recovery
methods,
maybe
with
using
hardware,
maybe
you
know
using
custody
etc,
and
you
can
just
you
know,
rotate
the
key
change,
the
key
or
add
you
know
set
up
multisig
2fa.
All
of
these
options
are
all
there.
A
So
you
have
this
like
progressive
kind
of
security,
which
is
defined
by
the
apps
by
the
wallets
by
the
interactions
you're
having
and
then
on
the
other
side.
You
have
things
like
aurora
plus
right
which
allow
you
to
kind
of
interact
with
this
without
having
tokens
on
your
kind
of
without
having
to
pay
fees,
and
so
you
can
start
with
you
know
social
or
with
other
things
that
are
value
generating
valuation
and
get
you
know.
First,
things
into
this
interaction,
get
kind
of
it
into
a
dao.
A
Some
kind
of
payment,
like
all
of
this
is
you
know,
leads
to
your
gaining
some
some
financial
interaction
in
the
system
and
then
interacting
through
that
so
kind
of
from
the
user
perspective
right,
focusing
on
what
does
a
user
level
value?
Add
value
creation,
places
onboarding
users
there
and
then
retaining
them
through
the
economy,
retaining
them
through
through
creator
economy
as
well
right
as
because
they
can,
you
know,
start
producing
their
own
value
right.
A
So
there's
a
lot.
Obviously
here
still
to
be
built
and
kind
of
a
lot
more
to
figure
out
how
to
retain
users.
But
it's
important
to
think
about
users,
not
just
investors,
because
I
think
crypto
has
been
usually
thinking
of
users
as
investors,
who
you
know
need
to
buy
in
token
need
to
start
interacting
with
this
token,
and
so
it's
a
very
different
interaction
versus
if
you're,
a
user
and
you
actually
creating
and
interacting
with
value
and
there's,
there's
something
that
you're
getting
for
that
for
creating
this
value
in
the
system.
A
But
underlying
all
this
making
it
really
easy
kind
of
hiding
a
lot
of
the
blockchain
right,
hiding
the
transaction
fees,
hiding
the
kind
of
user
and
boarding
with
an
email
with
you
know
sms,
with
whatever,
whatever
message
like,
google
account
sign
up
as
well.
You
can
do
that
to
really
make
this
barrier
to
entry
really
low,
and
so
we
have
platform
we
have
ecosystem,
we
have
apps
being
built.
Obviously
the
system
is
continuing
evolving
and
now,
within
our
mission,
is
power
of
governance.
So
how
do
we
coordinate
this?
A
You
know,
obviously,
on
each
level
the
apps
themselves
need
coordination,
need
governance,
but
we
need
the
governance
for
the
whole
ecosystem.
We
need
to
make
decisions,
we
need
to
deploy
capital
and
we
need
pretty
much
a
near
level
governance
now.
That
is
extremely
complicated
problem
and
I've
been
working
on
it
for
a
while.
There's
a
lot
of
people
been
working
on
for
a
while,
both
inside
new
york
system
and
outside
you've,
probably
seen.
A
Maybe
even
someone
talks
about
this,
but
at
the
end
we
need
you
know
we
need
to
start
making
progress
and
kind
of
start
evolving.
So
obviously
the
big
part
is,
you
know
there
needs
to
be
meta,
governance
embedded,
meaning
it
should
be
able
to
evolve
itself
because
it
will
be
one
we're,
not
an
experiment.
The
reason
why
we,
you
know
we
actually
like
kind
of
started,
astro
dial
project
and
splitting
that
project
was
to
start
experimenting
to
start
testing
this
out
and
then
we
have,
like,
I
don't
know
600
now.
A
Smaller
groups,
the
smaller,
the
better,
actually
make
really
good
progress
and
as
it
grows,
people
kind
of
becoming
less
less
invested
in
making
decisions
and
participating,
and
so
it's
pretty
clear.
There
needs
to
be
some
form
of
delegation,
some
some
some
delegates
who
are
active
participants
who
are
compensated,
who
are
actually
also
you
know,
taking
responsibility
for
the
decisions
they're
making
and
potentially
are
actively
working
on.
A
A
This
is
you
know
it
start
kind
of
foundation
has
been
doing
some
of
this,
but
as
we,
you
know,
moving
this
very
much
decentralized
ecosystem,
where
there's
more
and
more
parties
doing
various
investments,
various
capital
locations,
this
new
governance
right
is
becoming
kind
of
a
fun
to
fund
strategy
deciding
where
and
which
aspects
to
allocate
right.
I
mentioned
in
ecosystem
there's
different
verticals
different
geographies,
so
kind
of
this
is
where
proposals
will
be
reviewed.
A
Proposals
for
different
verticals
for
new
things,
kind
of
come,
get
reviewed
by
community
as
well
as
delegates,
and
then
you
know
decided
to
allocate
and
kind
of,
and
because
it's
a
fun
to
fund
it
actually
will
be.
You
know
if
working
working
well
should
be
actually
replenishing
the
treasury
as
well
over
time
as,
as
you
know,
the
bets
are
actually
playing
out
now.
We
don't
expect
that
this
governance
will
be
making.
You
know
technical
protocol
decisions
like
that's,
just
not
probable,
that
these
delegates
are
all
super
technical
and
able
to
make
them.
A
It's
arbitrage
of
mul,
because
there's
different
stakeholders,
there's
different
kind
of
companies
participating
and
contributing
to
the
protocol.
It's
possible
that
there's
also
different
interests
that
are
misaligned,
and
so
this
needs
to
do
arbitrage
and
decide
between
you
know.
If
somebody
proposes
to
whatever
reduce
staking
rewards
right,
the
you
know
valdez
will
be
against
the
developers
will
employ
it
like.
A
Now
you
don't
expect
you
know
a
dow,
a
decentralized
organization
too,
to
do
this,
but
it
again
need
to
kind
of
review
formalize,
and
can
you
know
confirm
that
this
because
again,
right
now,
a
lot
of
this?
You
know
I'm
doing
some
of
this
work.
There's
a
lot
of
people
in
the
community
doing
it
there's
a
lot
of
folks
now
across
different
ecosystems.
Different
eco
funds
and
geos
are
doing
this,
but
at
the
end
you
know
it
needs
to
be
collected
into
one
place,
ratified
and
people
need
to
know.
A
This
is
where
they
go
to
to
see
it
right,
and
so
this
can
be.
You
know
every
year
publishing
research
of
the
ecosystem.
What
have
happened
and
what
are
the
you
know,
upcoming
things
that
should
be
invested?
More
people
should
be
working
more
and
obviously
it
should
collect
feedback
from
the
whole
ecosystem.
A
A
A
You
know
neriuns
etc,
which
are
kind
of
serve
almost
like
as
a
media
of
the
of
the
ecosystem
right
and
actually
working
across
both.
You
know
near
governance,
eco
funds,
regional
hubs,
applications
protocol
contributors
to
collect
information
and
and
spread
it
to
the
community
and
ecosystem
and
so
kind
of.
A
The
expectation
is
this
is
will
be
taking
over
most
of
the
kind
of
active
functions
that
we
you
know,
we've
been
seeing,
foundations
do
and
foundation
really
moving
more
into
the
support,
role
and
kind
of
you
know
in
and
more
being
maybe
representative
in
the
regulatory
side
versus
this
is,
you
know,
becoming
the
decision
maker,
the
fund,
allocator
and
the
arbitrator
of
the
of
the
ecosystem.
Now
a
lot
of
work
to
do.
A
A
We
have
you
know
the
governance
kind
of
in
in
progress
and
being
rolled
out,
and
we
need.
You
know
more
of
everything.
We
need
more
contributors
on
the
platform
side,
more
infrastructure
projects.
We
need
more
eco
funds,
more
regional
hubs,
more
folks
to
support
ecosystem
across
marketing
across
bd
across
various
other
roles,
and
we
need
more
applications.
We
need
more
people
building
different
pieces
of
this,
both
on
kind
of
you
know
the
standards
as
well
as
the
end
user
and
user
side.
A
We
need
your
participation
in
governance,
it's
extremely
important
again
we're
building
our
mission
is
to
give
power
of
governance,
and
so
we
need
to
make
it
simple.
We
need
to
make
it
straightforward
for
people
to
participate
and
we
needed
to
make
it
to
matter
as
well.
For
people
and
you
know,
grow
the
usage.
Bring
your
friends
build,
build
applications
that
bring
more
users
I've.
A
You
know
I've
heard
this
like
if,
if
every
single
person
brings
10
their
friends
apps,
you
know
to
participate,
we're
going
to
have
exponential
growth
in
the
year,
everyone
one
one
person
months
and
we're
going
to
be
growing
exponentially
as
this
expense.
So
you
know
follow.
Follow
near
protocol
on
twitter
near.org
for
more
details,
goff.near.org
for
the
governance
forum.