Kain on $NEAR's long road from experiments to real revenue "The NEAR story is, they have this NEAR Intents thing, which is throwing off cash. They're really making it easy for you to have a single point of interaction for a bunch of different chains. The chain abstraction thesis." "If $ETH doesn't end up killing all the chains and everything just happens on ETH, there will be other chains and you will need to contemplate them. And NEAR Intents is like, actually, don't worry about it. We got it for you. So I think that's the thesis, and it makes a ton of money at the moment." "It's funny, because NEAR has been these guys that, just like the whiteboard series, very engineering heavy. A lot of experiments, a lot of very academic stuff. Illia, we had him on the show, he's one of the transformer paper guys. It's crazy." "Super smart guys, really cracked, and they just never were quite able to be where everyone else was. They're always just off to the side doing their own thing, and didn't quite land it." "In the last 6 months, AI, they've been doing AI stuff for a long time and everyone's like, stop doing AI stuff, what are you doing? And now that's kind of landed. They have this revenue meta. They've got privacy. All of these things which all of a sudden people really care about, and they've just landed all of it in the last 6 months. And I think people are kind of going, oh, actually, maybe this thing might work."