The Near Foundation, which supports the Layer 1 Near Protocol, has announced that it now supports chain signatures. This advancement allows users to access multiple chains using their Near account, enhancing interoperability and user experience. Chain signatures and multichain transactions have been made possible through a recent partnership with EigenLayer, a restaking project built on…
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The NEAR Foundation recently said it has let go of 35 workers as part of a realignment exercise that sees it “focus on a narrower and higher-impact set of activities.” The foundation’s CEO insisted that the job cuts did not in any way indicate that his organization was facing financial challenges. The NEAR Foundation’s Record-Breaking…
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Near Foundation and Polygon Labs recently announced that they would build “a zero-knowledge (ZK) prover for WASM blockchains.” For WASM chains using the zkWASM prover, settling transactions will be more efficient and cost-effective with maximum security guarantees. Transaction Settling More Efficient and Cost-Effective Near Foundation, the organization supporting the development of the NEAR ecosystem, has…
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Wintermute founder and CEO Evgeny Gaevoy says the NEAR Foundation reneged on an offer to convert $11 million worth of its stablecoin. The NEAR Foundation and Aurora allegedly reneged on an offer to convert $11 million worth of USN stablecoins, Wintermute founder and CEO Evgeny Gaevoy has claimed. In a Nov. 7 X (Twitter) post,…
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On July 19, the digital asset company Bitgo announced it has partnered with the Near Foundation and will be “the first qualified custodian to support the protocol and its assets, including its native token.” The collaboration will give institutions holding near protocol (NEAR) tokens the ability to store and stake the coins via Bitgo’s platform.…
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