NEAR Ecosystem Biweekly Digest #18
Stay updated on the latest happenings in the NEAR and Aurora ecosystems! This summary highlights the most important updates from the past two weeks, featuring major advancements, key partnerships, and innovative projects. Dive into the details to see the ongoing evolution of the NEAR ecosystem.
Mintbase Becomes Bitte Protocol
Bitte Protocol, formerly Mintbase, is an AI-powered blockchain ecosystem. It introduces the Bitte Wallet for secure, simplified transactions via chat prompts. Key features include smart actions, app integration, and white-label solutions. Future expansions will connect multiple blockchains, enhancing usability and accessibility within the NEAR ecosystem. Read more about it in this article.
Frax Finance Partners with NEAR Protocol
Frax and NEAR Protocol have joined forces to advance multi-chain and AI-driven crypto solutions. NEAR enables scalable app development and decentralized AI, with Frax contributing over $5.5M in assets to NEAR DeFi projects. Together, they will launch frxNEAR, a NEAR stablecoin and liquid staking derivative, integrating NEAR’s capabilities into Fraxtal for enhanced liquidity and adoption. Read more about it on this X thread.
NEAR Protocol Integrates with Allstake for Omnichain Restaking
Allstake introduces omnichain restaking, enhancing scalability and security across multiple chains. This protocol allows users to restake assets from various chains, including NEAR, Solana, and Ethereum, offering higher yields and decentralized security. Allstake’s live Phase 0 on NEAR, featuring LiNEAR and MetaPool, provides dual reward opportunities, paving the way for future multi-chain support and increased user flexibility. Read more about it in this article.
NEAR Foundation Launches AI Incubation Program
The NEAR Foundation has introduced the NEAR Horizon AI Incubation Program, selecting six AI teams to develop user-owned AI infrastructure. This initiative aims to empower users with scalable and secure AI solutions, fostering innovation within the NEAR ecosystem. Participants receive technical assistance and funding through May 2025. Read more about it in this article.
In summary, NEAR’s ecosystem advances with Bitte Protocol’s AI-powered blockchain, Frax Finance’s multi-chain solutions, Allstake’s omnichain restaking, and the NEAR Foundation’s AI Incubation Program, enhancing scalability and innovation across the platform.
