NEAR+Foundation Launches Nuffle Labs with $13 Million Investment to Boost Modular Product Suite
Berlin, Germany
– The NEAR+Foundation has announced the launch of Nuffle Labs, a new initiative that will invest $13 million to develop a modular product suite for the NEAR ecosystem. Nuffle Labs will focus on creating tools and infrastructure that make it easier for developers to build and deploy blockchain applications on NEAR. This includes building modular components, such as smart contract templates, decentralized storage solutions, and developer tools. The investment will support a team of experienced engineers and researchers who will work to create these modular components. The team will also work closely with the NEAR community to gather feedback and ensure that the products meet the needs of developers. The NEAR+Foundation believes that this investment will help to accelerate the growth of the NEAR ecosystem and make it easier for developers to build innovative blockchain applications. “We are excited to launch Nuffle Labs and invest in the development of a modular product suite for the NEAR ecosystem,” said Marieke Flament, CEO of the NEAR+Foundation. “We believe that this will make it easier for developers to build and deploy blockchain applications on NEAR and help to accelerate the growth of the ecosystem.”
About Nuffle Labs
Nuffle Labs is a new initiative from the NEAR+Foundation that will invest $13 million to develop a modular product suite for the NEAR ecosystem. The team will work to create tools and infrastructure that make it easier for developers to build and deploy blockchain applications on NEAR.
About the NEAR+Foundation
The NEAR+Foundation is a non-profit organization that supports the development of the NEAR ecosystem. The Foundation provides funding, technical support, and educational resources to help developers build and deploy blockchain applications on NEAR.NEAR Foundation Launches Nuffle Labs with $13 Million Investment to Enhance Modular Product Suite
NEAR Foundation Launches Nuffle Labs with $13 Million Investment to Enhance Modular Product Suite
The NEAR Foundation has announced the launch of Nuffle Labs, a new initiative dedicated to advancing its modular product suite. The $13 million investment will fuel the development of tools and infrastructure to empower dApp developers and accelerate the growth of the NEAR ecosystem. Nuffle Labs’ primary focus is on the Nuffle Protocol, a set of modular building blocks that developers can use to create scalable and secure applications. These blocks include functionalities such as token standards, governance mechanisms, and decentralized storage solutions. With the additional funding, Nuffle Labs plans to enhance the existing Nuffle Protocol and introduce new modules to meet the evolving needs of dApp developers. These modules will address areas such as cross-chain interoperability, decentralized finance, and privacy-preserving technologies. “Nuffle Labs is a crucial step in our mission to make NEAR the most developer-friendly blockchain platform,” said Erik Trautman, CEO of the NEAR Foundation. “By providing developers with a suite of modular building blocks, we are empowering them to innovate and build transformative applications.” The Nuffle Labs team will be led by Dr. Demian Wassermann, a veteran in the blockchain industry with over a decade of experience. Wassermann has previously held leadership positions at Blockstack and RChain and has contributed to the development of several blockchain protocols. “I’m thrilled to join the NEAR Foundation and lead Nuffle Labs,” said Dr. Wassermann. “This initiative has the potential to revolutionize dApp development by making it faster, easier, and more secure than ever before.” The launch of Nuffle Labs aligns with NEAR’s broader vision of fostering a thriving blockchain ecosystem. By providing developers with the tools and infrastructure they need, NEAR aims to attract top talent and drive the adoption of its platform.NEAR Foundation Launches Nuffle Labs with $13 Million Investment NEAR Foundation, the Swiss non-profit supporting the NEAR Protocol, has launched Nuffle Labs. Nuffle Labs is a research and development arm for modular blockchain solutions with an initial focus on Layer 2 scaling and interoperability. The launch is backed by a $13 million investment from NEAR Foundation, intended to accelerate the development and adoption of modular solutions within the NEAR ecosystem. Nuffle Labs aims to create a suite of modular blockchain products that will enable developers to build and deploy scalable, interoperable, and secure decentralized applications. The focus will be on Layer 2 solutions, such as rollups and sharding, to improve transaction throughput and reduce costs. The team will also explore cross-chain bridging protocols to connect NEAR to other blockchains and allow for seamless asset transfer and interoperability. Nuffle Labs will consist of a team of researchers, engineers, and product managers led by former Ethereum researcher Karl Floersch. The team will collaborate closely with the NEAR Protocol core development team and the broader NEAR ecosystem to ensure alignment with the overall roadmap and community needs. The launch of Nuffle Labs is a significant step towards realizing NEAR’s vision of becoming the leading platform for modular blockchain solutions. Nuffle Labs will contribute to the development of the NEAR ecosystem, support the growth of DeFi, and drive the adoption of blockchain technology in various industries.
