🔥🔥🔥 #NEAR Launches Multichain Transaction From One Account Feature
The NEAR Foundation, the organization behind the NEAR Protocol, has announced the integration of chain signatures into its network, enabling users to access multiple chains from their NEAR accounts.
This implementation of chain signatures is backed by Eigenlayer, a staking project built on #Ethereum , which has joined NEAR as a launch partner, as per a recent press release.
Illia Polosukhin, co-founder of NEAR, emphasized the platform's commitment to simplifying access to #Web3 for both developers and mainstream users since its inception. He described Chain Signatures as a significant advancement in this journey, facilitating easier transactions on any blockchain and enhancing liquidity across the ecosystem.
Moreover, developers now have the capability to create decentralized finance (#DEFI ) products without the need to bridge assets from other chains, thereby streamlining the development process and fostering interoperability.
This move represents a key milestone in NEAR's "chain abstraction" initiative, which seeks to improve user experience in the crypto space by addressing the complexities inherent in a multichain environment.
The native token of NEAR has witnessed significant growth in recent months, surging approximately seven-fold since the beginning of October, including a notable doubling in value within a single week earlier this month.
Source - coindesk.com