NEAR Co Founder Proposes Sovereign Fund for Long Term Growth

NEAR Protocol co founder Illia Polosukhin has floated a new idea for the network. He suggests creating a protocol sovereign fund to secure long term financial sustainability. The plan draws inspiration from traditional sovereign wealth funds found in countries like Norway and Singapore, along with major university endowments.

While details are still emerging, the goal is to build a reliable financial cushion for the ecosystem. This approach could help the network weather market downturns and fund future development without relying solely on token sales or short term grants. Similar models have helped traditional institutions maintain stability through various economic cycles.

Traders and developers will want to watch how the community reacts to this proposal and whether it moves toward an official vote. Setting up a fund of this scale requires careful governance and clear rules on how capital is deployed. If successful, it could offer a new blueprint for other blockchain networks aiming for generational longevity.