Jasper and Peter began building in crypto separately in early 2017. Before starting Flux, Jasper began his development career developing blockchain proof of concepts for large dutch corporations, before transitioning to Plasma research under Finality Labs funded by the Ethereum Foundation. Before starting Flux, Peter founded EveryDapp.com the first platform for decentralized app curation and ranking, which provided users and developers with an easy platform to discover and publish new apps.
Jasper and Peter met at ETH Berlin 2018 and where they began working on the first application for derivatives on startups. This application was built on top of Ethereum, Augur, Maker, and 0x Protocol. It was during this process that they identified core problems in Augur and Ethereum's performance, which would hinder any mainstream adoption.
Flux Protocol is built on top of NEAR Protocol a next generation layer one funded by top investors like a16z, Pantera Capital, and Coinbase Ventures. By building on NEAR Protocol, Flux is able to achieve mainstream capable scalability, best in class usability, and a category redefining oracle design powered by NEAR's randomness beacon.