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NEAR co-founder proposes protocol sovereign fund for long-term sustainability
The proposal would model a long term funding structure after sovereign wealth funds and university endowments, aiming to improve the protocol's sustainability.
The Block reports that a co-founder of NEAR has proposed creating a protocol sovereign fund designed to support the network's long term sustainability.
The concept draws inspiration from sovereign wealth funds, including those in countries such as Norway and Singapore, as well as from university endowments, according to The Block.
The proposal is framed as a way to establish a more durable funding approach for the protocol over time.
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