Illia Polosukhin

The simplest case is like, again, recording some information ownership, but it can be, you know, anything.

You can have a game, you can have anything on this.

And so what Nearing is specifically focused on is how to make this truly scalable.

So like Google level scalable, you know, billions of users continue being, you know, fraction of a cent per transaction and then make it really easy.

Like we have, you know, almost 50 million monthly active users.

Most of them don't know they're using Nearing.

Meaning like this should be behind the scenes on a background, not in your face, you know, figure out what this number, you know, scary numbers mean.

And so that's kind of what we started.

We have, as I said, about 50 million users monthly.

Everything from loyalty, payments, micropayments, remittances.

We have this project called Abound.

They have Indians in US sending money to their family in India who then spend them in the stores.

All of that is done on NIR.

They're all using it without actually knowing they're using NIR.

But like

The transfer, you know, takes like fraction of a second and cost fraction of a cent.

So those are kind of things that like blockchains can deliver.

And it's, you know, this is all live.

This has been like battle tested for four plus years, almost five, like in a month.

And then... Happy early birthday.