According to reports, Chinese IT giant Alibaba Cloud has partnered with the non-profit NEAR Foundation which developed the decentralized platform NEAR Protocol to promote Web3 throughout Asia and the Middle East. The native token of the ecosystem, NEAR, had its value increase by more than 13 percent following the announcement.
Near Protocol, a decentralized application (DApp), announced at the Web3 and innovation festival ETHDenver 2023 that it would be releasing a new blockchain operating system. With the goal of enhancing the user experience on Web3. By creating a unified platform for accessing and learning about open web resources. Illia Polosukhin,
In light of the dismal state of the industry. Octopus Network has announced a round of personnel cuts that will see 12 of the core 30 employees go. All remaining Octopus Network employees will take a 20% pay reduction. And the network’s team token incentive will be put on hold
USN had been inadequately collateralized as per the NEAR Foundation. NEAR Protocol’s USN was an algorithmic stablecoin at launch but later switched. After exhibiting violent behaviors similar to those seen with TerraUSD, a cryptocurrency that dramatically crashed this year and cost investors billions of dollars, the NEAR Protocol stablecoin is
Stader Labs is a multi-chain liquid staking solution with a vision to empower 1Bn+ users to earn passive income through its staking infrastructure. Having launched on the erstwhile Terra in the November of 2021, Stader reached $1Bn+ in TVL with ~35000 wallets staking with it during its peak. The start-up
The Near Foundation has announced that Google Cloud will be supporting the Pagoda platform for Web3 startups. Thanks to a new agreement between Google Cloud and the Near Protocol. An announcement made on October 4 said that as a result of this relationship. Google Cloud will be able to provide
Tether USDT is now accessible on the 11th blockchain, the Near Protocol. When it first appeared in 2014, Tether was created on the Bitcoin (BTC) blockchain. Tether (USDT) has been released on the Near Protocol, marking the latest in Tether Operations Limited’s growing list of blockchain integrations. Tether said on
In only 31 seconds, the hackers lost their 5 Ethereum investment. No funds were compromised despite the hacking effort. Over the weekend, there was yet another effort to break into the Rainbow Bridge of Near Protocol. In a tweet yesterday, Aurora Labs CEO Alex Shevchenko said that the project had
Polkadot is an open-source, sharded multi-chain protocol. Terra has been up 3.82% in the last 24 hours. Let us look at the top 3 altcoins With Massive Potential in May 2022 Near Protocol (NEAR) As a community-run cloud computing platform, NEAR Protocol addresses some of the restrictions that have hampered
In the midst of the crypto market crash, several altcoins presented a bullish run. NEAR is one of the bullish tokens since the start of the year which performed well. The Near foundation gave an announcement that the platform has closed the $150 million fund on Thursday. Consequently, the fundraising
