Web3
VC firm DFG releases
new study
on NEAR Protocol’s ambitious strides
Web3 VC firm DFG releases new study on NEAR Protocol’s ambitious strides
by Bitcoinist
1 hour ago
in Industry
0
With new Web3 projects making headlines daily, distinguishing oneself within
the blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн space means more than developing a unique concept. Capturing
the attention of users and investors alike requires addressing real needs and
solving real problems.
NEAR has made its mark by integrating advanced technology with a bold
approach. Initially created by co-founder Illia Polosukhin as a platform to
advance AI, NEAR shifted focus upon realizing blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн could effectively
address the challenges of incentivizing AI contributors.
This shift, coupled with NEAR’s alignment with advanced tools and practices
like chain abstraction, data availability, and sharding, has raised an
intriguing question: Is NEAR truly innovating the space, or is it capitalizing
on popular trends?
Recently, leading global venture• Объект организация » Организации по алфавиту » Организации на Гл » Глобал Венчур and Web3 investment• Экономика » Финансы » Инвестиции firm DFG shared an
investigative research report titled “NEAR Blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн: Riding Trending
Narratives or Market Leader?” It examines NEAR’s role as a market leader and
how it is successfully shaping the future of blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн and AI.
“NEAR distinguishes itself in the blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн ecosystem through its
high-performance architecture that thrives under stress, offering a strong
foundation for developers,” says James Wo, Founder and CEO of DFG. “Its
modular design and ongoing innovations in chain abstractions simplify
cross-chain transactions, allowing dApps and users to navigate the ecosystem
easily. We also strongly believe in its AI incubation program, which is
working to foster the future of AI on its platform while giving developers a
place to grow.”
DFG’s report unpacks NEAR’s infrastructure, uncovering how the platform’s
advancements genuinely distinguish it from other competitors in the industry.
The highlights of the report’s findings include:
Strategies addressing issues of scalability and interoperability
NEAR designed its infrastructure to address two critical challenges:
Scalability and interoperability. At the core of NEAR’s strategy is its
Nightshade Sharding, which splits the blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн into smaller, manageable
pieces known as shards. This approach allows for an independent transaction
process, which boosts the network’s throughput. Initially, NEAR’s setup of
four shards facilitated 3,000 transactions per second. However, with ongoing
enhancements, NEAR aims to expand it to 10 shards by the end of the year,
increasing its capacity by 50 percent to accommodate growing demand.
Regarding interoperability, NEAR has developed a modular architecture that
simplifies cross-chain interactions. Its Data Availability (DA) layer,
Multi-Party Computation (MPC) technology, and integration with Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum
through Aurora highlight NEAR’s commitment to creating a cohesive,
cross-chain, and user-friendly experience. The DA layer, for example, ensures
fast data access and process, which is necessary for high-transaction
environments. NEAR’s Super Fast Finality Layer (SFFL) supports cross-rollup
transactions, enhancing its appeal for developers working on similar
applications.
Enhancing efficiency with chain abstraction
NEAR solves blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн fragmentation by enhancing chain abstraction to unify
user experience across different blockchains. This approach improves
liquidity, user experience, and interoperability, enabling seamless
interactions across multiple chains.
NEAR’s FastAuth key management system simplifies account creation and recovery
by allowing users to manage their accounts using email• Коммуникации » Интернет-коммуникации » Электронная почта addresses.
Additionally, NEAR’s integration of MPC technology through Chain Signatures
enhances the security of cross-chain transactions, allowing users to engage
with various blockchains without the hassle of managing multiple seed phrases
and wallets.
NEAR’s ongoing traction
The NEAR ecosystem has grown substantially, particularly in stablecoins and
Total Value Locked (TVL). Since mid-2023, NEAR’s stablecoin market
capitalization has increased, reflecting a positive market sentiment. The
combined TVL of NEAR and Aurora, a smart contract on NEAR, surged from $55
million to $230 million, indicating a threefold increase year-over-year. Key
platforms such as Burrow and Ref Finance have contributed to this growth, with
Burrow’s lending programs and Ref Finance’s decentralized exchange activity
driving substantial activity.
Staking has also emerged as a growing category within NEAR’s ecosystem, with
platforms like Allstake adding considerable value. This highlights NEAR’s role
in creating multi-chain experiences and enhancing the functionality of the
DeFi landscape.
NEAR is committed to its AI focus
Beyond technological advancements, NEAR is also heavily invested in its AI
developments. The NEAR AI x Horizon (HZN) Incubation Program exemplifies its
commitment by supporting emerging AI projects intersecting with blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
technology. In its first cohort, the program provides six projects with
equity-free mentorship, technical assistance, and guidance to help developers
scale their innovations.
The equity-free model allows AI projects to focus on refining their projects
without the need to give up ownership. With alumni raising over $20 million,
the program highlights NEAR’s goal of bridging AI with decentralized
technologies.
When asked about blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн integration with AI, Wo added: “Blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн’s
ability to generate significant amounts of transaction data provides a strong
resource for training AI, allowing for more accurate insights for price
predictions, security analysis, and more. By integrating blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн with AI,
we are opening up opportunities for decentralized models owned collectively,
reducing the risk of manipulation by a centralized party that could manipulate
its AI model to produce censored outputs.”
NEAR Protocol does not just participate in trends— it has become a leader in
shaping the future of blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн and AI. By aligning its technical
capabilities with strategic initiatives, NEAR is promoting success in the Web3
and AI sector.
