NEAR Treasury Firm SVRN Acquires FastNEAR Infrastructure Handling 3.5B Monthly Requests
- —FastNEAR handles over 3.5 billion requests per month and stores more than 100 TB of data
- —SVRN holds 55.5 million NEAR and targets 10% of the token supply
- —Purchase price, revenue and margins for FastNEAR were not disclosed
- —FastNEAR co-founders Kuzyakov and Purvis have joined SVRN
Why it matters: SVRN deepens its exposure to the NEAR ecosystem, tying its business to both the token's price and developer demand for infrastructure.
Source: Coindoo