ICP crypto faces fresh pressure – Why DFINITY accuses NEAR of IP theft

Dominic Williams, founder of DFINITY, claims that Near Protocol stole its intellectual property (IP) behind its cross-chain stack, NEAR Intents. DFINITY is the developer of the Internet Computer (ICP) blockchain. Williams labelled Near’s cross-chain execution as a ‘fake decentralization’ The NEAR Intents saga just got much more crazy on further investigation. Much is missing from Intents, but key enabling component turns out to be stolen proprietary DFINITY tech. I’m stunned. William added that Near Protocol used a former DFINITY employee they fired in 2021. According to him, the ex-employee helped Near Protocol develop its cross-chain NEAR Intents, warning of potential “legal implications.’ NEAR Intents uses Chain Abstraction (powered by our proprietary tech) to custody assets on different chains, and then Intents basically just uses a market maker paid by them…

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