Near is a Proof-of-Stake blockchain, a decentralized development platform designed to provide an ideal environment for Daps, overcoming some of the limitations of competing systems (for example, low bandwidth, low speed and poor cross-compatibility). In addition, according to the creators, the application on Near can be launched in 5 minutes.

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MetawebVC announces a $30 million blockchain fund to support developers and entrepreneur #BUIDLing the future of #Web3 .

LPs in the Fund include NEAR Foundation, Sequoia Capital, Dragonfly Capital, GSR Markets, Octopus Network, SevenX, Mentha Partners, as well as notable entrepreneurs such as NEAR’s co-founder Illia Polosukhin, Matrix China’s co-founder Bo Shao, Alchemy Pay’s founder Shawn Shi, Dodo’s co-founder Mark Wang, and more. 

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https://medium.com/nearprotocol/metaweb-ventures-raises-30-million-for-builder-focused-blockchain-fund-40a1edbcf1f5