NEAR developed its sharded design after Ethereum Foundation declined funding, Laura Shin notes

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NEAR created sharded blockchain after rejection

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Hanna Syniavska

01.06.2026

NEAR developed its sharded design after Ethereum Foundation declined funding, Laura Shin notes — NEAR created sharded blockchain after rejection

Laura Shin shares that NEAR originally pitched its scalable, sharded blockchain design to the Ethereum Foundation in 2018. After being told there would be no funding, NEAR proceeded to develop the technology independently.

Shin notes that the full story involves input from several industry participants, including those tagged in her post.

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Shin has previously commented on NEAR technology, highlighting NEAR Confidential Intents and DeFi’s $840 million hack year in a recent article. She has also addressed user concerns over crypto market volatility and trading fees, with reference to Coinbase One's 20% discount and $50 BTC offer in a separate report. These topics reflect Shin’s continued coverage of developments and challenges in the crypto sector.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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