Category: NEAR protocol

Bitgo Adds Near Protocol Support — Custodian to Store Near Foundation’s Treasury

Bitgo Adds Near Protocol Support — Custodian to Store Near Foundation’s Treasury

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. […]

Continue Reading

NEAR Price Analysis: Trendline Breakout Sets NEAR Price To Rise 32%

The Near protocol(NEAR) price downtrend slowed down near the $6 mark and yet reached a low of $4.6 on May 27th. However, the downsloping trendline carrying this downfall experienced a decisive breakout today, indicating a recovery opportunity for traders. The coin price currently trades at the $6 mark, with an intraday gain of 4.18%. Key […]

Continue Reading

Near Protocol (NEAR) Rallies 13% On Venture Capital Funding News

Near Protocol (NEAR), the native token on the proof-of-stake (PoS)  blockchain, rose sharply in the past 12 hours after the platform’s decentralized exchange, Trisolaris, raised $4.5 million in its latest funding round. NEAR surged as much as 13% to $17.86, and was trading close to a record high of $20.2. The token also jumped 27% […]

Continue Reading

Mapping out NEAR Protocol’s Ecosystem

Mapping out NEAR Protocol’s Ecosystem

Quick Take Founded in 2018 by Alexander Skidanov and Illia Polosukhin, NEAR Protocol is an open-source platform for decentralized applications NEAR has recently raised $150 million, which came just a few months after NEAR started an $800 million fund to foster growth in the entire ecosystem The Block has identified 213 projects and companies across […]

Continue Reading

Near Foundation Raises $150 Million to Bolster Web3 Adoption

Near Foundation Raises $150 Million to Bolster Web3 Adoption

On Thursday, the Near Foundation announced the project has raised $150 million from strategic investors such as Three-Arrows Capital, a16z, Mechanism Capital, Dragonfly Capital, and Circle Ventures. Following the announcement, the Near protocol’s native crypto asset jumped more than 7% against the U.S. dollar. Near Foundation Gets a $150 Million Capital Injection The team behind […]

Continue Reading

NEAR Foundation’s new CEO on defining web3 and her return to the blockchain space

NEAR Foundation’s new CEO on defining web3 and her return to the blockchain space

Quick Take NEAR Foundation’s new CEO explains why she left banking for the blockchain world. From day one, her mission will be to define the NEAR protocol as the go-to place to build what’s increasingly being referred to as ‘Web3’.  This feature story is available to subscribers of The Block Daily. You can continue reading […]

Continue Reading

NEAR Token Price Gains Over 30% As NEAR Protocol raises $800 million

NEAR token’s latest price rally comes in the wake of NEAR Protocol’s announcement of raising $800 million developer fund. Brief Market Analysis of NEAR Token NEAR token price rallied higher on Oct. 25 following NEAR Protocol announcing that it has earmarked $800 million for new funding initiatives aimed at growing its decentralized finance capabilities. Notably, […]

Continue Reading

Ethereum-compatible developer platform Aurora raises $12 million

Ethereum-compatible developer platform Aurora raises $12 million

Aurora Labs, a crypto project that has built an Ethereum-compatible development platform on top of NEAR Protocol, has raised $12 million in a new funding round. This was an equity round and was co-led by Pantera Capital and Electric Capital, Aurora Labs CEO Alex Shevchenko told The Block. Overall, more than 100 investors participated in […]

Continue Reading