NEAR Joins ICON’s BTP Ecosystem

Interoperability With Polkadot Parachains Is Here

4NTS Guild
Jul 26 · 3 min read

NEAR Protocol is pleased to announce a partnership with ICON, allowing NEAR to integrate as the second blockchain onto ICON’s Blockchain Transmission Protocol (BTP). ICON, a blockchain launched for the sole purpose of improving cross-chain communication, has steadily developed in recent years to provide cross-chain transfers of tokens and smart contract calls. For NEAR, this means that native NEAR tokens (including NFTs), contract calls, and data can be easily sent to BTP partners, including newly launched Polka Dot Parachains: Acala, Edgeware, Moonbeam, and Plasm.

NEAR’s Positioning At The Center Of The Universe Of Chains

With NEAR’s partnership with ICON, NEAR joins another protocol that will expand its interoperability with the world’s first PolkaDot Parachains. Beyond connecting with these partners of the Blockchain Transmission Protocol (BTP), NEAR Dapps will also be able to directly connect with products already live on ICON itself: ICON’s Decentralized Identity Management Infrastructure, ICON’s DeFi Legos, and listed tokens from BTP partners — now and in the future.

For NEAR’s part, this means that tokens from BTP can be easily listed on NEAR DeFi infrastructure, such as Ref.Finance, or used for fundraising on Skyward Finance. NEAR Sputnik V2 DAOs will also be able to call contracts and send data from NEAR to ICON and any other BTP partner.

An Emerging World of Interoperability Between Blockchains

“ICON is a blockchain protocol for decentralized applications. As an aggregator chain, it achieves interoperability — a web of interconnected networks aggregating all blockchain data into one layer.” (Source)

As the crypto-verse matures, the race to integrate across blockchain networks becomes more urgent by the day as more assets, data, and smart contract calls silo on certain networks. NEAR’s partnership with ICON is the first step into this new world of interoperability that allows NEAR to better connect with existing ICON products and infrastructure, as well as Polkadot Parachains — for the first time. As both NEAR’s rainbow protocol and ICON’s BTP continue to grow and onboard new partners the two chains will inevitably position themselves at the center of an emerging world of interoperability between blockchain ecosystems.

About NEAR

NEAR Protocol is built by a world-class team of engineers and entrepreneurs, who have won 2 ICPC world championships and medals, Google Code Jam and TopCoder. NEAR is backed by A16Z, Pantera Capital, Electric Capital, Coinbase Ventures, Blockchain.com and Baidu Ventures.

About ICON

For more information about ICON, please visit https://iconrepublic.org/

NEAR Protocol

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NEAR Protocol

NEAR Protocol is a high-performance blockchain platform for developing Open Web applications. Easy to build on and easy to use, NEAR will bridge the users of today’s internet to the blockchain-based web of the future.

4NTS Guild

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NEAR Protocol

NEAR Protocol is a high-performance blockchain platform for developing Open Web applications. Easy to build on and easy to use, NEAR will bridge the users of today’s internet to the blockchain-based web of the future.