$57M Sovereign Fund Proposed by NEAR Protocol
The NEAR Protocol has proposed a sovereign fund worth $57 million to support various initiatives and projects.
According to Pluang, a financial application managed by PT Bumi Santosa Cemerlang, the proposed fund will be used to promote economic growth and development in Indonesia.
The proposal is part of the NEAR Protocol's efforts to establish itself as a leading player in the decentralized finance (DeFi) space.