What is NEAR Protocol?

NEAR Protocol is a blockchain platform designed to support decentralized applications and intelligent agents. It was founded to address the requirements for both Web2 and Web3 through an architecture that emphasizes user ownership and seamless transactions across different chains.

The protocol incorporates a sharded blockchain design, which aims to enhance scalability and reduce transaction costs. Its governance model and technical specifications focus on creating an efficient environment for the integration of artificial intelligence within decentralized applications. Details about its supply cap and specific governance mechanisms are not provided.