NEAR Protocol Archives

Near Protocol All Set to Launch Its Blockchain Operating System (BOS)

Near Protocol\’s Blockchain Operating System will Assist Game Developers and Gamers

Near Protocol launches its blockchain operating system, which will aid game developers and enhance the user experience in Web3.

Finally, some good news for game developers, as Near Protocol announces the release of a new blockchain operating system. The decentralized application (DApp) near protocol announced the web3 and innovation festival ETHDenver 2023. The near protocol aims to enhance user experience on Web3 by using a shared layer for browsing and finding open web content.

According to Polosukhin, co-founder of Near Protocol, the platform is meant to serve as a base for finding Web 3 products such as cryptocurrency exchanges, non-fungible token (NFT) collections, and social media. The operating system will be adaptable to all blockchains (currently supporting the Near Protocol and Ethereum Virtual Machine chains). Near Protocol will serve as the universal entry point.

The Near team claims that the technology integrates with any blockchain or Web2 backend, giving consumers the feeling of using a single app even while navigating between different apps or chains. The solutions offer to provide decentralized and flexible frontends for developers, allowing the forking of bits and components as well as built-ins like payments, profiles, and alerts without any hosting being required.

Blockchain Operating System Features by Poloshukin

“The iOS provides developers a place to show their app in front of billions of users, and it gives them all the services and the infrastructure underneath to build, so you can just plug in here. That’s what we’re trying to do, trying to kind of give the distribution here, give the platform underneath and let developers build.”

According to the co-founder, the framework aimed for a 10x growth on key metrics last year. These include the number of transactions, monthly active wallets, projects onboarded, builders, and investments made within the environment. The protocol competes with Ethereum by providing a proof-of-stake blockchain and smart contract functionality.

Poloshukhin claims that a lot of game developers decided to migrate their projects to Near. “They came to us, some of them because they saw you can write in JavaScript smart contracts. That’s like three times cheaper to hire developers. This is just more usable not just for users, but for developers as well.”

Humanitarian Efforts by Near and the Unchain Fund

Polosukhin, one of the developers behind the Unchain Fund, initiated a fundraising campaign last year to support war-affected Ukrainians. The fund had received approximately $9 million in donations at the start of 2023, almost completely in crypto assets. He claimed that the cash obtained was essential to helping the Ukrainian people during the early stages of the conflict when aid from abroad was still delayed:

“The Red Cross, UNICEF, they take months to spin up all of their systems when something happens, that’s just that’s how they are. They’re slow […] but when they get there, they have the procedure, and they set it up, they build the supply chain, logistics, and then they can start delivering. So, in a way, crypto funds covered in the beginning, like spin-up time for similar government aid.”

A portion of the resources received went towards a program that gives weekly compensation of 25 euros to about 6,000 Ukrainian women who leave their homes with kids. Ambulances were also purchased with the money, thanks to the global United24 campaign.

More About Near Protocol and BOS

According to data from Messari, the Near protocol is currently the 35th-largest blockchain regarding market valuation. At the time of writing, the market capitalization of Layer 1 was approximately $1.96 billion. Moreover, the NEAR token was trading for about $2.28.

In the press release, the platform is referred to as a \”blockchain operating system (BOS)\”. We are shifting our attention away from layer 1 and onto the user and their engagement. This is what we see as the general interface for blockchains.
The goal of Near has been to get 1 billion people to the Open Web since it started. The first stage in the process was to build a best-in-class L1 blockchain that was simple to use and easy to develop.

Near works with the idea to providing a customizable account format and human-readable accounts. This offers users the freedom to choose any name they want rather than a string of letters and numbers. Also, the Near blockchain is a secure and eternally scalable platform thanks to the Nightshade sharding technique. At the same time, Near focused on developing the technology to help builders who were implementing the protocol. These include the JavaScript SDK, which is now available to 15 million developers.

The efforts gave birth to a vibrant Near environment with more than 23 million accounts and more than 1,000 project structures. Near is building the Web3 stack to bring together experiences from all over the open web and make it easier for both users and developers to get started.

Play to Earn Gaming News

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Metaverse, Gaming, NFT on NEAR Protocol

What is NEAR Protocol?

NEAR Protocol is a blockchain platform that uses sharding technology to increase scalability and performance. It\’s a software program that utilizes a network of computers to run a platform where developers can build and launch decentralized applications. The idea behind sharding is to divide the network\’s infrastructure into smaller segments, so that each computer or node only has to handle a portion of the network\’s transactions. This allows for faster and more efficient processing of transactions, making NEAR Protocol a powerful tool for developers looking to build decentralized apps.

How does NEAR work?

NEAR Protocol is a proof-of-stake (PoS) blockchain that utilizes its own sharding solution known as \”Nightshade.\” This unique feature sets NEAR apart from its competitors in the industry and positions it as a strong player in the blockchain space. Nightshade allows NEAR to divide its network infrastructure into smaller segments, resulting in faster and more efficient processing of transactions. This, in turn, makes NEAR an attractive option for developers looking to build decentralized apps. With Nightshade, NEAR is positioning itself as a powerful and innovative blockchain platform.

Nightshade

Sharding is a blockchain scaling technique that enables more transactions per second with lower transaction costs. It works by allowing each participating node to retain only a small amount of the platform\’s data. This helps to scale the platform more effectively as it reduces the amount of data that each node needs to process. As a result, sharding allows for faster and more efficient processing of transactions, making it an attractive solution for developers building decentralized apps on a blockchain platform.

Five Metaverse, Gaming, and NFT Projects

Taobao Maker Festival

The Taobao Maker Festival, a showcase for young and emerging Chinese artists, is taking place at the Shanghai National Exhibition and Convention Center from July 17 to 25, 2021. The event provides a platform for artists to display and sell their works to a wider audience.

One artist who is making waves at the festival is Huang Heshan, a well-known Chinese NFT artist. Heshan is building his collection on the NEAR Protocol blockchain and received assistance from the platform in selling his work at the festival.

One of the highlights of Heshan\’s collection is the Bu Tu Garden Community, a set of 10 opulent single-family villas. This collection is part of Heshan\’s \”Toorich City Series,\” a group of unique NFTs that represent digital real derivatives. These NFTs are built on the NEAR Protocol and showcase the potential of this technology in creating and trading digital assets.

The Taobao Maker Festival is a great opportunity for artists like Heshan to showcase their work and for the general public to discover the potential of NFTs and blockchain technology. The use of NEAR Protocol in creating and selling these digital assets is a testament to the platform\’s ability to support the growth and development of the NFT market.

Reality Chain

A new multi-chain metaverse called Reality Chain is set to debut on Octopus Network, a substrate-based app chain network built on the NEAR Protocol. This innovative platform will offer immersive multiplayer capabilities and features that will elevate gaming and social interactions to a whole new level.

Users will be able to interact with NFT furniture, walls, floors, and other in-game assets that are fully tradable. The platform also includes voice and text chat functionality to make the experience more authentic. In addition, players will be able to stake their native $REAL tokens to launch a new metaverse, giving them the ability to create and shape their own virtual worlds.

This is a significant development for the NEAR Protocol and Octopus Network, as it demonstrates the potential of their technology to support the growth and development of the metaverse and NFT markets. With Reality Chain, players will be able to fully immerse themselves in a virtual world and interact with other players in new and exciting ways. It\’s an exciting time for the NEAR community, and the launch of Reality Chain is sure to attract a lot of attention from gamers and blockchain enthusiasts alike.

OP Games

OP Games is a blockchain-based Web3 gaming platform that is set to revolutionize the way players acquire, control, and exchange in-game assets. Currently, gaming platforms restrict users from bringing in achievements and skins from other games by locking digital collectibles into their own ecosystem. This can be frustrating for players and also requires a significant upfront cost for game developers.

OP Games is addressing this issue by converting entire games into fractionalized NFTs. This means that users can co-own the project and own a portion of the game. Not only that, players can benefit from price appreciation through this co-ownership and even have a say in the game development by participating in its DAO. This innovative strategy represents a revolution for game developers in terms of project financing and monetization.

This platform is built on NEAR Protocol, and it\’s the first of its kind to bring the concept of fractionalized NFTs and DAOs to the gaming industry. It\’s a game-changer for both gamers and game developers, giving them more control and ownership over their digital assets. With OP Games, players will be able to take their in-game achievements and skins with them, wherever they go and also have a say on the game development. It\’s an exciting development for the NEAR community and the gaming industry as a whole.

Hash Rush/Vorto Network

Vorto Network, a decentralized wallet and marketplace platform, is set to revolutionize the gaming industry by allowing players to buy and sell products across multiple games. The platform is being utilized in the real-time strategy game Hash Rush, where players can immerse themselves in the Hermeian cosmos, construct, compete, and exchange products.

The game utilizes a play-to-earn paradigm to reward players and promote a market for digital products, increasing immersion. The team behind Hash Rush plans to publicly unveil the game in early 2022. Vorto Network\’s integration allows for a seamless buying and selling experience for players, making it easy to acquire and trade in-game assets.

With the rise of blockchain technology and NFTs, Vorto Network\’s marketplace offers a new level of ownership and control for players, breaking down the barriers of traditional gaming platforms. The team behind Vorto Network is working to bring this revolutionary concept to the masses, making gaming more accessible and enjoyable for everyone.

Feiyu

Feiyu, a social networking site based on NEAR Protocol, is revolutionizing the way users express their creativity and engage in the NFT metaverse. With its built-in meme generator and a large NFT marketplace, Feiyu is providing a platform for users to share and create their own memes and GIFs. Incentivizing participation through rewards-based incentives such as earning the native token and obtaining NFTs, Feiyu is encouraging a strong community on the network.

One of the platform\’s latest projects, the \”pixel art battle,\” allows users to collaborate in chat rooms and create their own NFTs using an art board. By interacting with the artboard, users can gain pixels and receive Feiyu tokens in return, promoting teamwork and advancing the NFT development process. Feiyu is pushing the boundaries of the NFT metaverse and is set to become a major player in the industry.

An award-winning group of entrepreneurs and engineers created NEAR to be easy to use, inclusive, and environmentally friendly. A16Z, Pantera Capital, Electric Capital, Dragonfly Capital, Coinbase Ventures, Blockchain.com, and Baidu Ventures are just a few of the leading VC firms who support NEAR.

Are you new to the world of Web3 and the NEAR Protocol? Don\’t let the learning curve hold you back. Our beginner\’s guide to understanding Web3 is here to help. As a gamer, artist, creator, or influencer, it\’s important to stay informed about blockchain-based gaming and how it\’s shaping the future. Start by taking small steps, such as creating a crypto wallet, to familiarize yourself with the technology and be a part of the mainstream adoption of blockchain.