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- 1 Under Marieke Flament’s leadership, NEAR saw exponential growth in its user base.
- 2 Flament will help the newly-appointed CEO Chris Donovan as a strategic advisor to take over her role.
- 3 At this significant moment, experts bring attention to the platform’s big achievements.
NEAR Foundation is known for the remarkable work done they have done in the Web3 space. They spearheaded some advanced decentralized projects like Blockchain Operating System (BOS). Since its inception, the protocol has focused on enhancing the technology’s capacity. It has achieved unmatched scalability and addressed many existing issues too. Today, it’s in the news due to some operational changes.
Marieke Flament Announced Her Stepping Down
NEAR Foundation’s current CEO Marieke Flament has stepped down from her role after two years. The foundation’s general counsel, Chris Donovan will take over her place. As per the Thursday blog post, Flament will remain with the team until the end of the year. She will act as a strategic adviser to Donovan and help him with all the decision-making.
In her statement, Marieke Flament said that it’s been an incredible journey with NEAR. She stated that since her joining, the platform has seen a tremendous rise in user base. From 50,000, it has now grown to 2.5 Million. She also added that Donovan is a perfect pick for the CEO role. Explaining her move a bit, she said that other ecosystems are making changes like that as well.
According to her, companies get better perspectives and strategies with new leaders. Notably, the NEAR protocol currently ranks 34th when it comes to total value locked (TVL). The pace of growth the protocol acquired in just two years impressed many. At this point, it is essential to discuss NEAR as well. It is because many are unaware of its operational successes throughout the years.
A Glimpse into NEAR and Its Achievements
NEAR Foundation is a Switzerland-based nonprofit organization. Its aim is to bring new innovations and to make them more feasible. In the past few years, it has done remarkable work on fully operational decentralized blockchain-based platforms. Its projects have played a pivotal role in building decentralized applications. Moreover, the protocol has maintained a distinct course of operations as well.
It doesn’t control or intervene in the operations directly. Instead, it provides support and resources to other nodes in the ecosystem. While its contemporaries try to establish ownership of projects, NEAR runs away from it. It rather remains in the background and underpins the endeavors like an unsung hero. Its team focuses on making the decentralized programs self-sufficient.
Near Foundation Council (NFC) is the governing body of NF, the executive team. The former acts like a board of directors and oversees the day-to-day operations of the latter. The operations team has its own blockchain structure called “Stiftung”. It follows some strict regulatory oversight within the Swiss jurisdiction. The Stiftung projects are legally obliged to follow their own course.
The mechanism promotes transparent operations with positive intentions for the ecosystem. While keeping the intervention limited, the network supports growth on many fronts. It makes the distribution of resources unbiased and keeps the functionality of the ecosystem optimum. Furthermore, it simplifies the coordination among the participants.
All in all, NEAR emerges as the go-to choice for every decentralized project. Hopefully, the new leadership will make its operations even better.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
