NEAR co-founder proposes establishing a sovereign fund to ensure protocol long-term sustainability, modeled on Norway's sovereign wealth fund and university endowments.
Regulation & Gov ·
A NEAR co-founder has proposed establishing a sovereign fund designed to support the protocol's long-term sustainability. The proposal draws structural inspiration from sovereign wealth funds operating in countries like Norway and Singapore, as well as from university endowment models.
The concept aims to create a dedicated financial mechanism that would ensure ongoing resources for protocol development and maintenance over an extended timeframe. By adopting frameworks similar to established institutional investment vehicles, the fund would presumably operate with capital preservation and strategic allocation principles in mind.
Details remain limited on specific implementation parameters, governance structure, funding mechanisms, or timeline for the fund's establishment. The proposal's path to adoption through community or protocol governance processes has not been clarified.