NEAR Ecosystem Biweekly Digest #1
Welcome to the inaugural edition of our NEAR Ecosystem Biweekly Recap, where we highlight the most recent two weeks of noteworthy advancements within the NEAR Protocol. From launches to partnerships, stay updated on the latest innovations and achievements that are shaping the NEAR Ecosystem.
NEAR Protocol and Nym Technologies Forge Partnership for Enhanced Privacy and Security
Nym Technologies has partnered with NEAR Foundation to bring advanced privacy measures to the NEAR ecosystem, ensuring user data protection across NFTs and dApps. NEAR’s sharded structure provides speed and scalability, while Nym’s mixnet enhances privacy. This collaboration aims to make Web3 more secure, learning from the legacy internet’s privacy challenges. For more information about Nym, visit https://nymtech.net/
Veax and WALC Join Forces to Strengthen NEAR Protocol Ecosystem
Veax, a pioneering DEX on NEAR Protocol, and WALC, a blockchain incubator, have formed a strategic partnership to enhance the NEAR ecosystem. Veax’s innovative DEX platform simplifies DeFi for NEAR enthusiasts, while WALC supports emerging crypto projects. As part of the collaboration, the $WALC token will be listed on Veax, and WALC will provide liquidity on the platform, accelerating NEAR’s growth and fostering blockchain innovation. Learn more in this article.
Orderly Network Unveils Community Incentive Program for DeFi Enthusiasts
Orderly Network has introduced the Orderly Community Incentive Program, offering a gamified experience where community members can earn XPs (points) through quests and challenges. This program aims to engage and reward all Orderly enthusiasts, fostering interaction and recognition. With a focus on security, a leaderboard, and a commitment to community connection, Orderly is creating a more engaging DeFi experience. Learn more in this article.
Meta Pool Expands Staking Opportunities for NEAR Lockup-Accounts
Lockup accounts can now stake NEAR tokens with Meta Pool, contributing to the decentralization and security of the NEAR Protocol. Meta Pool offers a retroactive incentives program for locked NEAR, providing governance tokens for stakers. With a total allocation of 45 million META tokens and the security audit by Blocksec, this initiative enhances network security and decentralization while involving the community in NEAR’s growth. Learn more in this article.
Messari’s Q3 2023 Report Indicates NEAR Protocol’s Resilience Amidst the Crypto Industry’s Hurdles.
As per Messari’s recent report, the State of NEAR in Q3 2023 reflects remarkable growth in NEAR Protocol. This period saw a 350% surge in daily active addresses, driven primarily by the launch of KAIKAINOW, alongside a substantial 117% increase in daily transactions. Notably, transaction fees decreased by 25% to just $0.001, despite the heightened network activity. The introduction of the Blockchain Operating System (BOS) showcased significant advancements, and NEAR Social displayed impressive metrics, emphasizing NEAR’s resilience in the face of crypto challenges. Read more on Messari’s report.
In summary, the NEAR Protocol ecosystem has made significant strides in Q3 2023. Partnerships with Nym Technologies and WALC aim to enhance privacy and strengthen the NEAR ecosystem. Orderly Network’s Community Incentive Program encourages engagement, while Meta Pool expands staking options, increasing network security. Messari’s report underscores NEAR’s resilience, with remarkable growth, reduced transaction fees, and the introduction of the Blockchain Operating System (BOS). These developments reflect NEAR’s commitment to overcoming industry challenges and fostering a more secure and interconnected Web3 landscape.
