SVRN Acquires FastNEAR, Expanding Its Role Operating Essential NEAR Infrastructure
PR Newswire•08/10/2026•16:15 ET
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Key Highlights
- ➤SVRN acquired FastNEAR as its first acquisition; financial terms were not disclosed
- ➤FastNEAR handles more than 3.5 billion requests monthly across NEAR
- ➤FastNEAR operates RPC, archival, and NEARDATA infrastructure for NEAR developers
- ➤FastNEAR co-founders Evgeny Kuzyakov and Mike Purvis joined SVRN
- ➤SVRN plans infrastructure investment and additional FastNEAR products and services
Expert Statements
Sal Ternullo, Chief Executive Officer of SVRN
“Everything built on NEAR depends on infrastructure most people never see. When a wallet shows a balance or an application submits a transaction, something has to answer, quickly and correctly, every time. FastNEAR has done that for a large share of the ecosystem, run by a small team that kept its prices low because it wanted the network to grow. Operating that infrastructure puts us close to real demand. We can see where usage is growing and what developers need that doesn't exist yet. That knowledge will shape where we invest next, and FastNEAR is the first of several steps we plan to take to drive adoption of NEAR's products.”
SVRN Acquires FastNEAR, Expanding Its Role Operating Essential NEAR Infrastructure PR Newswire
The company's first acquisition as SVRN, Inc. brings in a core provider of network access and data services, along with its founding engineers, and deepens its participation in the NEAR ecosystem.
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