Arguably the biggest challenge for the continued development of crypto, blockchain technology, and Web 3 is to find ways to broaden their appeal and make their applications easier. As the end of a tumultuous year for the crypto markets draws to a close, there is now a unique and unique global opportunity to shape the future by democratizing access to the tools people need to create services. decentralized for everyday life. .
There is an ecosystem dedicated to making this happen: the Near blockchain, an unauthorized, proof-of-stake, carbon-neutral blockchain designed to be lightning-fast, incredibly secure, and infinitely scalable. Unlike other networks, Near gives software developers easy access to build new crypto applications, from non-fungible tokens (NFTs) to decentralized finance (DeFi) products, encouraging people to launch new business models and products. of consumption.
Near is also much faster than Ethereum, the world’s most widely used blockchain. It is capable of making hundreds of thousands of transactions per second compared to 45 for ETH, and charges 1,000 times lower transaction fees for a much lower barrier to entry. But instead of being a direct competitor, Near works in concert with Ethereum and other blockchains, enabling the free flow of assets and communication between networks for the benefit of all.
Since its launch in 2020, Near’s ecosystem has seen an upturn in activity. To date, he has processed over 50 million transactions across over 1.7 million accounts and has helped incubate and foster over 200 projects and 300 DAOs.
In October 2021, Nearly $ 800 million pledged for global ecosystem finance initiatives aimed at accelerating growth. The announcement, which includes the $ 350 million in funding announced by Proximity Labs, is designed to capitalize on the dynamics of the Near ecosystem over the past 12 months. In addition, Near recently finalized partnerships with Opera and the Wharton Business School, began working with crypto payment provider MoonPay to make Near accessible in 150 countries around the world, and continued to work with Near Inc. to launch Simple Nightshade, the first step towards a fully fragmented blockchain. .
At the end of 2021, Near held a town hall for his entire community where a number of other key developments were highlighted. These include the Near Education 1,000 Teachers Initiative that will educate the next million developers, designers and products in the ecosystem. the second iteration of MetaBUILD is currently underway, with the first launching in August with $ 1 million in prizes up for grabs.
“We launched MetaBUILD in August with the idea that this concept of metaverse brings together work and play, digital and real, and it really merges the identity of Near from DAOs and founding communities, and blockchain is at the forefront. heart, ”said Near co. -Founder Illia Polosukhin. “[Overall] we had a lot of [developer] growth since May, because we’ve put all the parts and building blocks in place. In the last three or four months we’ve seen 30-40% growth.
Another validation of Near’s potential came with the announcement that Marieke Flament will be the new CEO of the Near Foundation from January 1, 2022. Flament joins NatWest’s digital SME bank, Mettle, and before that as a manager European operations at Circle, making it a unique combination of a crypto native and a seasoned fintech CEO, who has evolved companies in both.
“With his unauthorized proof-of-stake blockchain, Near has the ability to help us unlock many of the long-promised uses of technology and create products and services that promote greater inclusiveness and reflect the needs of people. they are. designed to serve, ”said Flament. “As CEO, I am delighted to play a role in realizing the foundation’s goal and ensuring that through collaboration and openness, blockchain can be used as a real force for good. “
In the fourth quarter of this year, another major new project was launched on Near Mainnet: Flux, an oracle of the future. Fully decentralized, Flux brings secure data feeds to all high throughput data applications on the Near blockchain, such as trading platforms that need access to a lot of reliable data. Flux’s unique feature set will bring Near a next-generation oracle capable of powering consumer use cases such as derivatives, lending, stablecoins, dynamic NFTs, yield farming, reserve currencies, insurance, asset bridging, off-chain computing and more.
A number of other developers will be launching their projects on Near in 2022, bringing many more DeFi, NFT, games, metaverse, and other exciting projects to the Near ecosystem. The $ 800 million fundraising initiative, along with guilds and other blockchain skills and resources, will be crucial in helping DAOs succeed and, just as important, bringing the masses to the open web.