🚀 Breaking News: Near Foundation CEO Resigns 🚀
Marieke Flament, CEO of Near Foundation, the developer of the namesake community layer-one protocol, has resigned.
According to the September 21 announcement, Chris Donovan, Near Foundation’s general counsel, will replace Flament as the new CEO following the resignation. Flament gave no specific reason for her departure. Speaking on her tenure, Flament said:
“Two years ago, I had never heard of NEAR. Upon doing a bit of research and after several conversations, it became clear that NEAR had tremendous potential – fantastic tech, a diverse and vibrant community, and a world of open possibilities, and so I joined.”
From 2021 to 2023, Flament claims that the daily active user count of Near Protocol grew from 50,000 to 3 million. Its Twitter followers also grew from 200,000 to over 2 million, citing more than 2,000 pieces of press coverage. Partnerships signed by Near during this period include SWEAT, Playember, Circle, Ledger, Alibaba, Amazon, Google, KPMG, Cosmose AI, SailGP, The Littles, PipeFlare, Shemaroo, Kakao Games, Inven / Vortex, and Netmarble / Marblex in Korea.
In addition, Flament disclosed that the current treasury balance of the Near Foundation is 330 million NEAR, worth an estimated $350 million. Summing up her leadership strategy, Flament wrote:
“My strategy has been one of driving mainstream adoption, enabling and empowering grassroots communities, and continuing our journey to decentralization. Bringing onboard large web2 players, while nurturing web3 innovators has also been key to our growth.“
Near is currently the 40th largest crypto by market cap, with its tokens worth an estimated $1.04 billion. In June, Czech automobile conglomerate Å koda Auto launched a nonfungible tokens platform on the Near Protocol.
Conclusion and Future Implications
This sudden change in leadership at Near Foundation raises questions about the future direction of the project. However, with its strong community and strategic partnerships, NEAR may continue to thrive in the crypto market.
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