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Near Foundation to Cut 40% of Its Team Amid Financial Stability

The Near Foundation, a Web3 powerhouse, stunned the crypto world by slashing its workforce by 40%. While its 305 million NEAR tokens and $900 million war chest seem secure, the move raises questions about its focus. Is it doubling down on tech, or preparing for a leaner, meaner future in the ever-shifting Web3 landscape?

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