SVRN Acquires FastNEAR to Bolster NEAR Protocol Infrastructure

Key Facts

SVRN announced the acquisition of FastNEAR, a core provider of infrastructure for the NEAR Protocol, according to a PR Newswire statement. This marks the company's first acquisition as SVRN, Inc., purchasing a provider of Remote Procedure Call (RPC) services that applications use to read network information and submit transactions.

The acquisition aims to deepen SVRN's participation in the NEAR ecosystem and expand its role in operating essential network infrastructure. According to company data, FastNEAR processes more than 3.5 billion requests per month and manages over 100 terabytes of data, and it will operate as a wholly owned subsidiary of SVRN with its founders remaining in place.