Near Protocol (NEAR) is a decentralized application (dApp) platform that supports developers in creating innovative and performant applications with low transaction fees. Its focus is to enable the open web and to facilitate end users to scale capacity, create sustainable business models and enhance security for decentralized applications.
Near Protocol continues to expand its presence in the Web3 community as it made a recent announcement in October 2022 with its new partnership with Google Cloud. The objective of this partnership is for Google Cloud to provide technical support to NEAR Grant recipients to build their Web3 projects and dApps. Google Cloud will provide the infrastructure to NEAR’s Remote Procedure Call (RPC) node provider to Pagoda (NEAR’s Web3 startup platform), which will help developers deploy code quickly and securely. This will help facilitate the development of Near Protocol.
NEAR is the native token that powers the NEAR Protocol, mainly used for staking and reward distribution to validators serving the network. It enables smart contract functionality and uses the Proof-of-Stake (PoS) consensus mechanism. Near Protocol’s all-time-high price peaked at $20.44 in January 2022 and is currently trading at about $2.93 (as of October 24th, 2022).
Near Protocol (NEAR) is available on the Matrixport app; alongside other blue-chip cryptocurrencies like Bitcoin (BTC), Ether (ETH), Solana (SOL), Stablecoins (USDT & USDC), and many more. You can swap, deposit and withdraw with NEAR.
Matrixport is one of the world’s largest and most trusted digital assets ecosystem providing one-stop crypto financial services to meet the emerging needs of generating long term wealth in digital assets. It forges strategic collaborations with early stage Web3 innovators, helping them build, grow and scale and the company’s services include Cactus Custody™, spot OTC, fixed income, structured products (including Dual Currency), lending as well as asset management.
With USD4B in actively managed digital assets, Matrixport achieved pre-money unicorn valuation in 2021 and was named by CB Insights as the 50 most promising blockchain companies in the world in 2022. Its digital prime brokerage business, Matrixport Institutional, serves 500+ institutions across the US, Europe and Asia, offering best-in-class access, leverage, capital Introduction and custody services.
Headquartered in Singapore, the company holds a Hong Kong Trust Company License and a Swiss FINMA SRO-VQF Membership. For more information, visit www.matrixport.com.
About Near Protocol
Founded in 2017, Near Protocol began as a machine learning project and later developed into a decentralized development platform. Built by the NEAR Collective, it uses Proof-of-Stake (PoS) to validate transactions on the blockchain. Near Protocol focuses on creating a user-friendly platform featuring innovations to user-onboarding processes for decentralized application (dApp) developers.