"bro wat is near intents?" An explanation of @NEARProtocol Intents, in (very) simple terms. 🧵

We initially passed because of the structure. When the 3AC news came out we remembered the structure, knew he was in trouble, and got in touch to show support and because we wanted to invest in that raw talent. He was focused on defending his investors. We tried to convince him not to join a multistrat and stay solo. L1D is invested since beg of 23, increased it's position a few weeks ago. Arthur is a beast.

you have one trade from now till end of 2028 to triple your networth you have to go all in one asset & hold until expiry, which do you choose and why

Most crypto x AI takes are too small. The real shift is from humans operating businesses through spreadsheets, dashboards, and SaaS to AI becoming the interface for computing and business. But AI needs more than payments. It need identity, discovery, reputation, dispute resolution, escrow, insurance, forwards, and markets for work. NEAR Intents are not just better crypto routing. It's the transaction layer for agentic business.

To be continued....

Sometimes feels like people don’t give @arthur0x the credit he deserves. He rose to fame as cocky VC wunderkid affiliated with 3AC but the untold story is how he managed to survive and thrive after being likely the single individual fucked over the most by 3AC. Working alongside with him through it gave me insane appreciation for his character and grit and I’m happy to call him my friend. For people that don’t know the lore, when 3AC blew up, the liquidators came after @DeFianceCapital’s assets even though DeFiance never benefited from or even knew about any of that leverage. Due to shitty legal structuring, his position was actually pretty bad and most of the lawyers we consulted told us we had a <10% chance of winning. Almost all of Arthur’s net worth was in that fund and he wasn’t allowed to use those funds to pay legal fees. Most LPs didn’t want to contribute. Bro was just selling any asset he had that was somewhat liquid (his NFTs, his car etc) to keep fighting against the estate’s unlimited money (some of which was literally his). I recall an incident where a lawyer told him about how bad his chances were. This mf, under the stress of potentially losing everything, smiles and dropped one of the coldest lines ever. “Look at the name of my fund.” Another time, when I was driving him home from a meeting with our lawyers I had a serious chat with him. I said “Bro as a friend, do you want to start thinking about asset protection? Cover your downside.” He told me no. I pressed that he might lose everything, that the liquidators might try to squeeze him personally for more. “If I lose everything I’ll just start again from zero.” We even had someone suggest given we custodied the disputed assets that Arthur just fuck off to Taiwan with the money to force the liquidators to settle with him rather than stay in Singapore bc it’s harder to enforce overseas. He refused bc he didn’t believe he should run when he’s in the right “even though I like Taiwan”. Eventually we navigated it together towards a settlement that although was incredibly unfair on the facts (tbh anything less than 100% felt unfair), still provided far more recovery than our lawyers (and even his LPs) expected. You really see people’s true character when the chips are down and Arthur has a force of will and self-conviction I’ve never seen in anyone else before. Tiger is right - Eye of the Tiger could literally be his theme music lmao.

parents the world over today are forcing their children into misguided rat races for some status ladder that almost certainly won’t exist by the time they come out the other side. the world is changing rapidly. let them put down their grinding and keep their wits about them

Are you ready to work again

I'm not directly involved with near unlike zec & sol, but I've been consistent that it's obviously underrated given what it can do for a while so it's satisfying to see a vibe shift around it if they nail their gtm, decrease distractions, and increase focus, this could be fun

$NEAR is much bigger than the privacy narrative with $ZEC. - Intelligence: private AI inference - Agency: autonomous agents with memory, tools & credentials - Economy: cross-chain payments, swaps & settlement - Privacy: built into the stack, not the whole story $ZEC is private money. $NEAR is building the operating system for autonomous economic agents.