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Ethereum competitor Near launches $800M developer fund as DeFi competition heats up -Breaking

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Near Protocol’s smart contract network has allocated $800,000,000 for funding new initiatives to expand its decentralized finance capabilities. It is yet another sign that the DeFi market, which promises huge profits, remains young.

New funding includes $350 Million grants program AnnouncementProximity Labs, last week, provides ecosystem developers an incentive to develop new products on Near. AnnouncementMonday