What does NEAR Protocol do?

NEAR Protocol (CRYPTO:NEAR) is a decentralized application platform that is built on a blockchain. It is designed to be scalable and efficient, and to make it easy for developers to build decentralized applications. NEAR Protocol has a number of features that make it attractive to users, such as fast transaction speeds, low fees, and the ability to onboard users without crypto. Some of the key projects on NEAR Protocol include Aurora: A layer-2 scaling solution, Paras: A decentralized exchange for NFTs, Ref Finance: A decentralized finance platform, and NearPay: A payment system that allows users to pay for goods and services with NEAR tokens.
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Company Snapshot

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Employees

123
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Market Cap

$5.77B
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Head Office

George Town, Cayman Islands
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Year Founded

2017

What does NEAR Protocol specialise in?

/Account Abstraction /AI & Big Data /Alleged SEC Securities /Arrington XRP Capital Portfolio /Circle Ventures Portfolio /CMC Crypto Yearbook 2024-25 /Coinbase Ventures Portfolio /Coinfund Portfolio /Cross-Chain /Data Availability /Electric Capital Portfolio /Fabric Ventures Portfolio /Injective Ecosystem /Kenetic Capital Portfolio /Layer 1 /Near Protocol Ecosystem /Platform /Staking /Three Arrows Capital Portfolio

What are the products and/or services of NEAR Protocol?

Overview of NEAR Protocol offerings
Bridging: Aave users can bridge their assets between different blockchains using Aave's bridging service.
Decentralized application development: NEAR provides a number of tools and resources that make it easy for developers to build decentralized applications (dApps). dApps are applications that run on the blockchain and are not controlled by any single entity.
Decentralized storage: NEAR provides a decentralized storage solution that allows users to store their data on the blockchain. This data is then secured by the NEAR network and is accessible from anywhere in the world.
Non-fungible token (NFT) support: NEAR supports NFTs, which are digital assets that are unique and cannot be replaced. NFTs can be used to represent a wide variety of assets, such as digital art, collectibles, and in-game items.
Payments: NEAR can be used to make and receive payments. NEAR payments are fast, secure, and low-cost.
Smart contract deployment: NEAR allows developers to deploy smart contracts to the NEAR blockchain. Smart contracts are self-executing contracts that can be used to automate a wide variety of tasks, such as financial transactions, supply chain management, and voting.