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Illia Polosukhin, who was one of the original founders of the NEAR Protocol, has been given the position of chief executive officer of the NEAR Foundation. Polosukhin is going to put his forward-thinking vision into reality by spearheading the effort to create a broad open web.

Polosukhin’s history with NEAR has been foundational, his leadership and foresight guiding the ecosystem from its inception. Now that he is the CEO of NEAR, his position is essential to fulfilling the promise of the open web architecture in a way that is more practical and has a greater effect.

“I’m honored and excited to officially join the NEAR Foundation and continue working together with the ecosystem to build towards our shared vision of an open web,” Polosukhin told reporters. His primary concentration is still on managing a decentralized ecosystem that is built on iteration and collaborative development, with the end goal of improving the efficiency with which verticals that fall within the purview of NEAR are constructed.

His capacity to unify and direct the ecosystem’s key players has been a cornerstone of NEAR’s progress. As a result of his leadership, NEAR is strengthening its reputation as a gateway to an open online, increasing the development of the ecosystem, and simplifying operations in order to accelerate the transition to this new web paradigm.

In conjunction with the nomination of Polosukhin as Chief Executive Officer, Chris Donovan will be transitioning into the post of Chief Operating Officer to handle the day-to-day operations of the Foundation while concurrently maintaining his participation on the Council. The transformation of NEAR to a structure driven by its founders has been significantly aided by Donovan’s involvement.

NEAR is on the verge of making a daring leap into the vast expanse of the open web because it has a crystal-clear vision, strong leadership, and a community that is passionately working towards a common objective. The forthcoming NEARCON event, which will take place in Lisbon, is poised to be a momentous occasion. Community members will be invited to witness ground-breaking announcements, project demonstrations, and incisive conversation from the Web3 industry over the course of three days of intensive cooperation and celebration at the NEARCON event.

Image source: Shutterstock


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