NEAR Foundation launches NEAR DA: Secure and cost-effective data availability for ETH rollups and ETH devs
In a revolutionary move that is set to make strong waves and reshape the world of Web3, the NEAR Foundation is proud to present NEAR Data Availability (NEAR DA) — an innovation that aims to improve the data availability for Ethereum rollups. This monumental leap is designed to provide developers with a robust and cost-effective solution for building the future of Ethereum, while leveraging the power of the NEAR Protocol. With NEAR DA, NEAR moves into the modular blockchain landscape with the lowest-cost offering in the Web3 market today, paving the way for seamless integration of NEAR’s state-of-the-art into the Ethereum ecosystem.
TL;DR
· Empowering Ethereum Rollups: NEAR DA is a secure data availability layer for Ethereum rollups, offering scalability and cost-effectiveness.
· Benefits for Developers: NEAR DA significantly reduces gas fees, making it 8,000 times cheaper than Ethereum for posting rollup data.
· Open Invitation to the Web3 Community: Co-founder Illia Polosukhin highlights the versatility of NEAR’s tech, providing reliable and cost-effective solutions.
Empowering Ethereum Rollups
NEAR DA marks an exciting development in the NEAR Protocol’s journey. Leveraging more than three years of experience as a secure and reliable blockchain, NEAR DA is purpose-built to offer Ethereum developers a secure data availability layer for rollups, placing it as incredible scalable yet cost-effective solution. In terms of cost-efficiency, NEAR DA stands as a testament to the NEAR Protocol’s commitment to driving the Web3 adoption. NEAR DA offers immediate benefits to Web3 founders exploring the modular blockchain development landscape. Posting rollup data on NEAR is 8000 times more cost-effective than executing the same on Ethereum. This cost-effectiveness opens up new possibilities for founders seeking to build Layer 2s (L2s) or app chains while still being an integral part of the Ethereum ecosystem.
Benefits for Developers
NEAR DA brings some freshness to Ethereum rollup developers, making it easier than ever to provide accessible applications to end-users. The negligible and predictable gas fees associated with NEAR DA can significantly reduce the cost burden on developers. As an illustrative example, posting 100kB of calldata on Ethereum L1 for optimistic rollup costs around $26.22, whereas NEAR Protocol offers the same services for an astonishingly low $0.0033 (prices at the time of writing). These cost savings can be passed along to end-users, providing them with a seamless and affordable experience.
An Open Invitation to the Web3 Community
NEAR Protocol’s visionary co-founder, Illia Polosukhin, emphasizes the significance of this incredible offering, staging, “Offering a data availability layer to Ethereum rollups highlights the versatility of NEAR’s tech while also helping founders from across Web3 deliver great products that bring us closer to mainstream adoption of the Open Web. NEAR’s L1 has been live with 100% uptime for more than three years, so it can offer true reliability to projects looking for secure DA while also being cost-effective. NEAR provides great solutions to developers no matter which stack they’re building on and now that includes the Ethereum modular blockchain landscape.”
The integration of NEAR DA is not only a testament to NEAR Protocol’s commitment to developers but also a testament to the limitless potential of the Open Web. By opening up its blockchain for data availability, NEAR Protocol is expanding its offerings to deliver a modular blockchain development framework. It allows Web3 developers and founders to continue building on Ethereum while integrating NEAR’s technology for one part of the stack, thus offering endless possibilities.
NEAR DA effortlessly complements NEAR’s Open Web3 Stack, a unified gateway where developers and users can seamlessly build, explore, and discover Web3 products and platforms. It offers features such as FastAuth onboarding that allows users to create accounts within seconds without the need for complex crypto knowledge, as well as the ability to construct decentralized frontends from a vast library of thousands of components.
For developers and founders looking to make the most of NEAR DA’s groundbreaking features, a visit to near.org/data-availability is the first step towards a Web3 future where possibilities are boundless.
