Meeting of the minds: Oleg Fomenko and Illia Polosukhin

February 23, 2024 was a brilliant day at the Sweat Economy HQ when Sweat Economy co-founder Oleg Fomenko and NEAR co-founder Illia Polosukhin came together for the first of many Meeting of the Minds.

Sometimes known as the Godfather of AI, Illia Polosukhin, who co-authored the groundbreaking whitepaper on transformers for AI (the “T” in ChatGPT), sat with Sweat Economy co-founder, Oleg Fomenko for a candid convo on the future of Web3, Chain Abstraction, NEAR’s Web3 onboarding, and what’s next for Web3.

Couldn’t make it to Lisbon? You can view the full conversation here:

Too long, didn’t watch? Don’t worry. We got the highlights:

• The future of Web3 is frictionless: Web3 is like how the early days of the internet were. Clunky, confusing, and too self-aware. We’re after a Web3 world where you don’t even know you’re using Web3 technology and NEAR’s Chain Abstraction is going to lead the way.
• World’s-first BNB tx on testnet powered by NEAR Protocol’s Chain Abstraction. While it’s not ready in the app yet, the future is being developed.
• Best-in-Web3 onboarding: You’ll soon be able to log in to Web3 apps as easily as you do your Web2 apps. We’re working hard on delivering the Roadmap milestone that allows you to attach your account to your email so you can easily log in, recover your account, and keep your wallet safe.
• Pay fees with your feet: Soon, you’ll be able to pay for transactions with your feet on multiple chains. We announced it on our Roadmap and the hard work is already being developed.

What’s next?

• Catch Illia at NVIDIA’s Transforming AI panel on March 20, 2024 at 11 a.m. PTD.
• Sweat Economy and NEAR are continuing to partner up to bring #ChainAbstraction and The Movement Economy to all. Want to follow along? Join us on Twitter, Discord, Telegram, and Reddit to be the first to know new updates.

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The Sweat Team

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