The global economy, is operating hotter than at any time in recent memory. The outlook for humanity is bleak. But amid this backdrop lies a distinctive opportunity. An opportunity for Web3 to step forward and help re-envision the world as we know it. There comes the reason behind NEAR and why Its considered as the right project to contribute to the world’s transformation.
Revamping The approach to Fix a Broken System
Crypto emerged from a crisis. When the Bitcoin whitepaper was unveiled in 2008, the world was in the midst of a recession described by the International Monetary Fund as the most severe economic and financial collapse since the Great Depression.
While the world has progressed, the issues that led to the depression persist. The financial system supporting this world has maintained its monopoly. The global elite holds more control than ever. Governments have been ‘too slow’ in addressing the existential threat posed by climate change. Marginalized communities struggle to have their voices heard at local and global levels.
While there is no magic solution to these issues, there are solutions, many of them being developed in the Web3 space. However, they are in their early stages and require assistance. They need talent, funding, and voices from all walks of life to participate in shaping how this technology operates.
Web3 was crafted as an opposite to what preceded it. At its core is a vision to decentralize power and control and help level the playing field in terms of inclusion and participation. But those concepts are delicate and need safeguarding.
Innovating Blockchain with NEAR
The technology underlying NEAR Protocol is massive. It has found a viable solution to the blockchain trilemma, creating a blockchain that is secure, scalable, and decentralized. It’s also sustainable, achieving climate-neutral status for two consecutive years.
Built on top of that are over 700 diverse projects from around the world. From educational initiatives in Africa to humanitarian aid projects in Europe and conservation projects in Latin America.
Alongside these projects, there is vital work underway to reimagine and repurpose what we mean when we discuss ownership, community, and incentive. Initiatives like Brave, Youminter, NEARPay, and Tamago are reconsidering what ownership means beyond the Web2 world of intermediaries and rent seekers.
The NEAR Hubs program is bringing empowerment and inclusion to regions historically overlooked when new technologies are in their early stages.
Last, but not least, initiatives like Sweatcoin and Open Forest Protocol are radically rethinking how to motivate people to make changes in their lives for the benefit of everyone else’s. But NEAR is merely one element of this puzzle. We believe that for change to occur, we need more voices, more ideas, more revolutionary thinking to confront threats to our very existence.