NEAR treasury company SVRN acquires NEAR infrastructure platform FastNEAR

October 10 - According to official sources, NEAR treasury company SVRN has acquired NEAR infrastructure platform FastNEAR. FastNEAR will join SVRN as a wholly-owned subsidiary, and its co-founders Evgeny (Eugene) Kuzyakov and Mike Purvis will also join the SVRN team.

The announcement stated that FastNEAR is the high-performance RPC infrastructure provider behind NEAR applications, and it also supports most of NEAR's data layer, including server clusters handling network read and write operations, archival infrastructure storing complete transaction history records, and the data source NEARDATA for developers to process these historical records.