NEAR Partners With KYVE To Bring Permanent Storage to Ecosystem
We’re excited to announce that developers working in the NEAR ecosystem will now be able to use KYVE as a storage and validation solution for their data streams starting today.
KYVE bridges data from NEAR, taking a snapshot of the complete NEAR chain, including both blocks and transactions, and stores it permanently on Arweave, the decentralized storage network that offers Web3 projects a platform for the indefinite storage of data.
By leveraging Arweave, the network provides a secure, scalable, and immutable solution that can grow over time.
How does the integration work?
Decentralized uploaders and validators power KYVE’s network. Validators ensure that the uploaded data is correct. If the data is incorrect, the stake of the uploader gets slashed. This mechanism ensures that only valid data is uploaded from the NEAR chain to Arweave.
KYVE’s architecture supports multiple blockchains, making it easier for users to interact with different chains. Additionally, the uploaded data is available and reliable as the network’s uploaders and validators are incentivized to keep the system healthy.
“At NEAR, we’ve always believed the future success of blockchain technology will be built on collaboration. Partnering with KYVE to provide simple, reliable access to Arweave, enabling developers on NEAR to use this class-leading data storage solution is part of that vision,” comments Erik Trautman, NEAR Foundation CEO.
To learn more about running an incentivized validator and help grow the KYVE x NEAR community, join the NEAR pool!
About NEAR
NEAR is a high-performance blockchain that is designed to be super-fast, incredibly secure, and infinitely scalable. NEAR’s vision is to create a network that enables people to re-imagine finance, creativity, and community in new and inclusive ways. NEAR is built by an award-winning team of engineers and entrepreneurs to be simple to use, inclusive and good for the environment. NEAR is backed by top VCs such as A16Z, Pantera Capital, Electric Capital, Dragonfly Capital, Coinbase Ventures, Blockchain.com, and Baidu Ventures.
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About KYVE
KYVE is a next-generation protocol that enables data providers to standardize, validate, and permanently store data streams. By leveraging Arweave, the solution ensures the scalability, immutability, and availability of these resources over time, and by using Moonbeam smart contracts, KYVE is EVM compatible. KYVE is backed by top VCs, including Hypersphere Ventures, Coinbase Ventures, Mechanism Capital, CMS Holdings, and blockchains such as Arweave, Avalanche, Solana, Interchain, and NEAR.
