Newsletters/Edition # 151

NEWSLETTER Edition #151

A weekly update on everything that moves NEAR Protocol
 Nº 151 ·  MON  Mar 11, 2024

 

 

GM NEAR community (⋈),


Post-ETHDenver, the AI narrative continues its momentum, and will be the topic that reunites all 8 authors of the seminal work "Attention Is All You Need", the foremost paper on AI that introduced Transformers now used in Chat-GPT, Gemini, etc. Among the authors, is NEAR co-founder Illia Polosukhin, who will be at this year's NVIDIA Founder event on March 20, alongside his fellow co-authors, to discuss the evolution of AI since their paper and project into what the future holds for the revolutionary technology. 

More on the event and panel can be found here - NVIDIA AI Conference -Transforming AI panel

Before touching down in California for NVIDIA Founder, Illia Polosukhin made a pit stop in Stanford, at the Open Source AI summit alongside Sandeep Naiwal (PolyGon), Casey Caruso, Davide Crapis, Era Quian and Erica Kang (BUIDL ASIA).

Still on the topic of AI, while it is hot, there is a quiet AI storm cooking on NEAR, with an AI model marketplace slowly but surely taking form. Here's your chance to get an early peek at NEAR AI Nexus.

With all that is brewing around the NEAR ecosystem, from AI, abstracted multi-chain dApps, Telegram bots, to memecoins, it comes as no surprise that some of the big names around CT are keeping a close eye on the ecosystem. Defi Mochi, Hsaka Trades, blknoiz06, Crypto Coach and CoinDesk among others are the latest to show their interest.
 

 

 

Stay NEAR,
Mr. News

 

TOP NEWS

PROXIMITY LABS : A FIRST LOOK AT CHAIN SIGNATURES
The idea of chain abstraction is clear: instead of having to separately manage accounts for multiple chains, the entire experience is boiled down to a single layer and a single transaction for the end user. The technology enabling this is Chain Signatures, a novel threshold signature protocol utilizing an MPC (multi-party computation) signer network on NEAR. With Chain Signatures live on testnet we welcome you to dive deeper and take look at this revolutionary technology and its implications for the utility of Web3. READ


STACKS FOUNDATION WELCOMES NEAR PROTOCOL, 7 MORE BLOCKCHAINS TO BITCOIN L2 PUSH
Joining in on the momentum of the expanding Bitcoin L2s landscape, NEAR has partnered with the Stacks Foundation as a signer. Within the context of the partnership, NEAR will lend its infrastructure to Bitcoin L2s, provide an extra layer of decentralization, and contribute to consensus for the growing ecosystem. READ


NEAR PROTOCOL : BOWEN WANG ADDRESSES RECENT UX ON-CHAIN ISSUES
The rising popularity of HOT and Kaiching have caused congestion issues on NEAR, but Head of Protocol, Bowen Wang outlines the steps being taken to resolve the issues in a succinct thread. The solutions include a 1.37 release to create more shards via resharding, priority fees, and a recommendation to rely less on broadcast_tx_commit. READ



NEAR WRAPS UP ETHDENVER
The summary read shares the experience of the NEAR team at ETHDenver, highlighting the most captivating moments, from Illia's keynote speech on digital sovereignty in the age of AI, Chain Abstraction day, to unveiling the first-ever transaction on the BNB chain using a NEAR-powered SWEAT wallet. READ


A DEEP DIVE INTO NEAR's DATA AVAILABILITY LAYER
Altan Tutar (NEAR Foundation/DragonBot) breaks down how NEAR's Data Availability layer is poised to solve the Ethereum ecosystem's scalability and high fragmentation issues, by providing a comprehensive solution that is not only cost-efficient, fast and robust, but also future proof, as NEAR introduces stateless validation and continues to project into the future with more advanced concepts like Data Availability sharding. READ


PROXIMITY LABS : TAKEAWAYS FROM ETHDENVER 2024
The Proximity Labs team rounds up their biggest impressions from ETHDenver, including the rise of modular chains, NEAR's chain abstraction momentum, high activity from projects, the future of DAO structures, and the growth and positive energy from developers across Web3. READ


DEVELOPERS - POWERED BY NEAR DEV HUB


NEW TO NEAR? ALTAN GOT YOUR BACK
Altan has published a series of excellent threads explaining some of the essentials that NEAR Protocol has been working on during the bear market. They will bring you up to speed in no time and make you understand how NEAR is preparing for Chain Abstraction. Light speed incoming! READ


SWEAT ECONOMY EXECUTES FIRST-EVER TRANSACTION ON BNB CHAIN POWERED BY NEAR PROTOCOL
During ETHDenver, Sweat co-founder, Oleg Femenko successfully executed a transaction on the BNB chain using a NEAR-powered wallet, showcasing a tip of what can be achieved with NEAR's chain abstraction. READ


NEAR @ CONSENSUS 2024
NEAR Foundation has teamed up with CoinDesk in order to bring more developers to Consensus 202, the largest Web3 event in the world. You can apply for access to the event before prices increase on March 15. APPLY


NEAR FOUNDATION COMMITS $100K+ TO QUADRATIC FUNDING OF PUBLIC GOODS ON NEAR VIA POTLOCK
In support of public goods funding (PGF) on NEAR, NEAR Foundation has partnered with Potlock, a NEAR-native quadratic funding platform, to support public good services and providers on NEAR. This inaugural effort backed by quadratic funding enables both NEAR Foundation and the community to support impactful projects around the ecosystem fairly. READ

NEAR DEVHUB RECAPS PROTOCOL WORK GROUP CALL #8
NEP-519, which introduces the ability for smart contracts to observe future transactions before responding to callers in situations where immediate responses are not possible, was approved. READ


NEAR DEVHUB LAUNCHES OPEN CALL TO DEVELOPERS
Developers looking to get familiar with NEAR SDK RS, have the opportunity to help the DevHub team with work on the recently released SDK-RS 5.0. READ


FASTNEAR, AN INFRASTUCTURE PLATFORM, LAUNCHES ON NEAR
Run by some of the NEAR Dev OGs the platform is a low-latency open source infrastructure provider for NEAR Protocol. Replacing the old kitwallet API, FASTNEAR introduces four essential APIs for efficient wallet queries, and utilizes Clickhouse DB and Redis, to deliver sub-30ms response times for queries on FTs, NFTs, and staking. READ


HOW TO CREATE A NEP-141 TOKEN VIA NEAR CLI VIDEO
In this video, every step from setting up NEAR CLI to customizing and deploying an NEP-141 token is covered. The Jump team also built an open source FT contract that makes the process 10x easier (creates, compiles and deploys contract with one click). WATCH

NEAR DEVELOPER, EVGENY KUZYAKOV, UNCOVERS MALICIOUS ACCOUNT ON PLAYEMBER
NEAR OG developer Evgeny tracked an account that creates new accounts on the platform, and drains their accumulated funds by having them delete into the original account. In response, the PlayEmber team has taken measures to fix the root issue that makes the loophole possible. READ


BANYAN COLLECTIVE PUBLISHES STARTER'S GUIDE ON HOW TO USE NEAR LAKE TORRENTS READ


USEFUL DEVELOPER RESOURCES

  • NEAR PROTOCOL DOCS. LINK
  • DATA AVAILABILITY ON NEAR. LINK
  • NEAR PROTOCOL GITHUB. LINK
  • WEEKLY PROGRESS & TECH UPDATES. LINK

DEFI & WALLETS - POWERED BY PROXIMITY

DAPDAP LAUNCHES ODYSSEY VOL. II W/ LINEA & 14 PARTNERS
Odyssey Volume II dives into the expansive Linea ecosystem, using classic games like card flipping and matching to get you started on the ecosystem. READ


HERE WALLET LAUNCHES $USDT STAKING IN TELEGRAM WALLET
Leveraging Burrow Finance, HERE has launched $USDT staking within the Telegram wallet, with an initial APY of over 20%. NFA. READ


NEARWEEK : INTRODUCING EAST BLUE

NEARWEEK pieced together a quick glance thread that introduces East Blue, a NEAR-powered multi VM and multi chain Bitcoin L2. READ


NEARVIDIA MEME COIN LAUNCH
NFA DYOR. READ

ECOSYSTEM & COMMUNITY

THE ECOSYSTEM CALENDAR


NEARWEEK : FINDING DAPPS & RESOURCES ON NEAR
This comprehensive guide by Yuen, aims to help NEAR users to conveniently find information and directories on dApps and other resources on NEAR. READ


NEAR PROTOCOL : MAKING BLOCKCHAINS INVISIBLE
In another episode of NEAR Protocol Spaces on X, Illia Polosukhin (NEAR co-founder) is joined by the team of wallet-as-a-service platform, Magic Labs, to share perspectives on how the blockchain space is poised to evolve with chain abstraction. LISTEN


NEAR HORIZON ANNOUNCES DEMO DAYS
On March 13 and 14, over 10 teams building around NEAR will have the opportunity to showcase their projects to an assembly of other founders, VCs, and the community. READ


OPEN FOREST PROTOCOL : PUBLISHES FOREST JOURNAL EPISODE #1
The series gives an overview of Open Forest's journey to establishing ReFI, combatting deforestation, and what the key players around climate change are saying. WATCH


SHILLGPT LAUNCHES ON NEAR
The AI platform manages memecoin treasuries and provides insightful updates on the memecoin ecosystem on NEAR. READ


AURORA WEEKLY UPDATES 2024-03-08 WATCH


NEKO : $125K FUND FOR NEAR CONTENT CREATORS
Empowering NEAR-native content creators and their vital role in ecosystem growth: Explore, apply, contribute. APPLY

IN OTHER NEWS
WEEK IN ETHEREUM & BEYOND

Dive into the Open Web! 'In Other News' proudly collates a carefully selected assortment of headlines from external Web3 platforms, curated just for you.

WOOFI EXPLOITED FOR $8.75M ON ARBITRUM READ


PANTERA PLANS TO BUY $SOL FROM FTX READ


SEC DELAYS DECISION TO APPROVE BLACKROCK'S SPOT BITCOIN ETF OPTIONS APPLICATION READ


BITCOIN REACHES NEW ATH, AT 71K READ

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