NEAR Protocol's governance approved proposal HSP-027 to eliminate the 30% developer gas rebate, redirecting all execution fees to a token burn starting with the nearcore v2.14 upgrade around August 2026. The rebate had become negligible, dropping from about 27.6 NEAR to 1-5 NEAR monthly per contract. This change aims to strengthen NEAR's long-term token economics by increasing deflationary pressure. Developers relying on gas rebates for revenue will lose this income, but the community sees it as a move toward sustainable business models. The impact on token supply will be monitored after the upgrade's implementation.
Five leading AI-centered cryptocurrencies—Bittensor, Near Protocol, Artificial Superintelligence Alliance, Render Network, and Akash Network—are pioneering the integration of AI with blockchain technology. These projects offer decentralized machine l...
NEAR Protocol focuses on simplifying blockchain use by implementing chain abstraction technology that hides complexity from users. Its NEAR Intents framework allows users to specify desired outcomes while solvers compete to execute these requests eff...
