NEAR Ecosystem Biweekly Digest #11
Keep yourself informed about the latest developments in the NEAR and Aurora ecosystems! This collection offers the most recent updates from the previous fortnight, spotlighting significant advancements, influential collaborations, and cutting-edge innovations. Dive into the specifics to witness the ongoing evolution of the NEAR ecosystem.
Expanding NEAR’s Reach with The Graph Subgraph Support
NEAR developers benefit from The Graph’s subgraph support, accessing streamlined data querying and improved synchronization speeds. This integration underscores NEAR’s commitment to advancing the Chain Abstraction vision, enabling better multichain data accessibility and marking NEAR as the first non-EVM chain on The Graph Network. You can read more about it in this article.
Frax Expands Stablecoin Infrastructure to NEAR
Frax Finance launches FRAX stablecoin on NEAR Protocol via Ref Finance and Burrow, marking its entry into a non-EVM ecosystem. Collaborations between NEAR and Frax will introduce innovative features like short-term treasury yields using sFRAX, enhancing DeFi offerings. Incentive campaigns on Ref and Burrow aim to boost liquidity and promote seamless interactions, aligning with NEAR’s vision of Chain Abstraction for a more integrated Web3 ecosystem. You can read more about it in this article.
NEAR Foundation Invests in Crowny Loyalty Platform
Crowny announces an investment from NEAR Foundation, propelling their web3 loyalty platform accessibility and fostering partnerships. With NEAR’s backing, Crowny aims to expand AI features and unlock new collaborative ventures, signaling the start of an exciting journey ahead.
EAST Blue Partners with BEVM for Bitcoin Ecosystem Growth
EAST Blue has announced a strategic partnership with Bitcoin-based EVM layer 2 solution, BEVM. This collaboration aims to drive development in the burgeoning Bitcoin Economy. BEVM leverages Taproot consensus and utilizes $BTC directly as gas. EAST Blue will be conducting an airdrop for BEVM enthusiasts.
In summary, NEAR Protocol’s expansion continues with The Graph integration for developer efficiency and Frax’s stablecoin launch for non-EVM accessibility. The Foundation’s investment in Crowny drives Web3 loyalty innovation, while the EAST Blue / BEVM partnership highlights the growing Bitcoin ecosystem. These moves underscore NEAR’s focus on a multichain future.
