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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TL;DR 

NEAR Foundation has minimal exposure to current market developments concerning FTX/Alameda.

NF didn’t hold any funds on FTX.

We raised over $500m in Q1 2022, of which we still have a very large percentage held in fiat and in triple A-rated banks. We have an estimated five-year runway.

Everyone stay safe and we should work together during this challenging times.

Full tweet: https://twitter.com/NEARFoundation/status/1590417221880532994

NEAR Foundation has minimal exposure to current market developments concerning FTX/Alameda. NF didn't hold any funds on FTX.