Near Foundation CEO Marieke Flament Departs, Chris Donovan Takes Charge

Marieke Flament’s resignation as CEO of Near Foundation has been announced, and Chris Donovan, the general counsel, will take on the role of CEO.

Two years ago, Flament allegedly had no knowledge of NEAR, but now claims that it possesses one of the “best-funded treasuries” in the industry.

NEAR Foundation CEO Steps Down

As per a recent statement, Flament’s role within NEAR will persist as she takes on the responsibilities of a council member and acts as an advisor to the incoming CEO, Donovan.

“Two years ago, I had never heard of NEAR. Upon doing a bit of research and after several conversations it became clear that NEAR had a tremendous potential – fantastic tech, a  diverse and vibrant community and a world of open possibilities, and so I joined.”

Flament provides details about the partnerships NEAR has forged over the past two years, which include notable names such as Google, Amazon, and KPMG.

She also claims that user growth grew from 50,000 to 3 million monthly active accounts, stating that 66% of the top Decentralized Apps (Dapps) are built on NEAR:

“2 out of 3 of the top Dapps on Dappradar are built on NEAR.”

DefiLlama data reveals that the Near protocol holds the 36th position among blockchains in terms of Total Value Locked (TVL), with a TVL of $36.59 million. Ethereum secures the top spot with $21.18 billion in TVL.

At the time of publication, NEAR’s token price is $1.13.

NEAR Price Chart 1 Month. Source: BeInCrypto

Flament explains that she took on the role because she believed in creating a better internet through an Open Web. Furthermore, to help tackle some of the “world’s biggest challenges” by leveraging technology.

She emphasizes that one significant highlight was the creation of NEAR Horizon. This is an on-chain platform that provides valuable support to project founders to help them improve their projects.

Flament claims that NEAR has a safe treasury despite many internal and external crises going on in the crypto industry. She adds that the current treasury includes $350 million with 330 NEAR tokens.


In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.

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