NEAR launches infrastructure committee with $4 million in funding

The NEAR protocol has seen a significant increase in users and transactions in recent months. The NEAR Foundation launched the Infrastructure Committee to ensure smooth operation and expansion of the project and its founders. With $4 million in funding allocated to infrastructure projects, the Commission aims to strengthen NEAR’s core infrastructure and support the success of NEAR projects in an open and transparent manner.

Key infrastructure includes RPC nodes, relayers, indexers, bridges, wallets, load balancers, and oracles. It is important to ensure that these components function correctly and integrate seamlessly with your DEX tool. The committee’s main goals are to decentralize decision-making, strengthen critical infrastructure, and streamline efforts to achieve greater clarity and decentralization.

The Infrastructure Committee has already funded five significant infrastructure proposals, including implementing the Jutsu IDE infrastructure, creating the FASTNEAR infrastructure service, Aurora Web 3.0 Wallet support services, developing a Treasury app for the Governing Council, and auditing the Ledger. integrated. The committee is also actively managing inherited projects such as maintaining Meteor’s Aurora RPC SpeedUp and MyNEARWallet.

With more than half of the $4 million budget still available, the council is inviting the community to propose innovative infrastructure projects. Some proposed projects include faster RPC nodes, specific common endpoints to replace extensive RPC queries, new bridges to improve cross-chain transactions, ICANN-compliant DNS, top-level domain extensions, and a centralized relayer to support gasless services. Included. Other professional broadcasters are required.

The committee encourages community members, including founders, developers, and NEAR enthusiasts, to provide ideas, suggestions, and feedback to improve the foundation of NEAR technology. The current Infrastructure Committee is comprised of ecosystem leaders, NEAR partners, and diverse members of core NEAR organizations.

To ensure transparency and public participation, the Commission has established a clear process for publicly tracking and discussing proposals. The community can view the public trail of proposal documents and participate in public discussions, including issuing requests for proposals (RFPs). To maintain openness about the committee’s decisions and discussions, minutes will be shared with the community.

To encourage community participation, a tentative proposal and funding process guide has been provided on how to submit a proposal. The Infrastructure Mandate and Charter and Working Group details provide additional insight into the Commission’s mandate, structure and ongoing projects.

As NEAR continues to grow, the Infrastructure Council plans to introduce more sophisticated incident management systems and follow-up processes for infrastructure outages. To optimize the efficiency of the fundraising process, the development of a Blockchain Operating System (BOS)-based app for proposal management is also underway.

The committee’s work supports NEAR’s growth and chain abstraction efforts to ensure the blockchain can handle the expected increase in traffic as more users join the ecosystem. Those interested in joining the Infrastructure Committee can join working group discussions on GitHub to collaborate on initiatives, discuss proposals and RFPs, or ask questions.

In conclusion, the launch of the NEAR Protocol’s Infrastructure Committee, with $4 million in funding, demonstrates our commitment to strengthening critical infrastructure and supporting the success of NEAR projects. Through community engagement opportunities and funding allocations for innovative infrastructure projects, NEAR is poised to grow and expand further.

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