UniNearAsi

NEAR Protocol has been quietly building a strong foundation for growth in the world of blockchain technology. With a focus on scalability, user experience, and developer-friendly features, it stands out as one of the most promising layer-1 blockchain solutions today. As the DeFi and Web3 ecosystems continue to expand, NEAR is well-positioned to become a key player in the next wave of blockchain innovations. Let’s explore why NEAR Protocol could be gearing up for a significant price surge in the near future.
A Unique Approach to Scalability
One of NEAR Protocol’s main strengths is its unique approach to scalability. NEAR uses a mechanism called “Nightshade,” which is a type of sharding technology that allows the network to scale as demand grows. Instead of relying on a single blockchain to process transactions, Nightshade breaks the network into multiple shards, each capable of processing transactions in parallel. This not only enhances the transaction throughput but also keeps fees low—an important feature for attracting developers and users.
In comparison to other networks that suffer from congestion and high fees, NEAR’s efficient design offers a seamless experience for decentralized applications (dApps). This scalability advantage makes NEAR an attractive platform for developers looking to build DeFi projects, NFT marketplaces, and more.
Growing Developer Ecosystem
Another key factor driving NEAR’s potential surge is its rapidly growing developer ecosystem. NEAR has prioritized ease of use for developers by offering a range of tools and resources to help them build on the platform. From simple onboarding to extensive documentation and grants programs, NEAR aims to lower the barrier to entry for new projects. This focus on fostering innovation has led to a steady increase in dApps and projects being developed on the NEAR blockchain.
As more developers build on NEAR, the demand for the native NEAR token is likely to increase. This growing ecosystem will not only boost the utility of the token but also drive adoption, setting the stage for a potential price rally.
Strategic Partnerships and Integrations
NEAR Protocol has also been forging strategic partnerships and integrations, which are further boosting its market positioning. By integrating with Ethereum through its Rainbow Bridge, NEAR allows users to seamlessly move assets between Ethereum and NEAR, leveraging the strengths of both platforms. This interoperability is a major advantage as it allows NEAR to tap into the vast liquidity and user base of Ethereum while offering its unique benefits of scalability and low fees.
In addition, NEAR has been working with other blockchain ecosystems to enhance cross-chain functionality, making it a hub for interoperability in the decentralized finance (DeFi) space. This strategic positioning could be a catalyst for long-term growth as DeFi becomes more interconnected across multiple blockchains.
User-Centric Focus with a Strong Wallet Experience
NEAR’s commitment to improving the user experience is another reason to be optimistic about its future. The NEAR Wallet, which is non-custodial, offers a simple and intuitive interface, making it easy for users to manage their assets and interact with dApps on the platform. Unlike many other blockchain platforms that have complex wallet setups, NEAR focuses on ease of use, which could attract a broader audience, including those less familiar with cryptocurrency.
This focus on user experience is key to driving mainstream adoption, and as more users become comfortable with the platform, it could lead to an increase in demand for the NEAR token.
Potential for DeFi and Web3 Growth
NEAR Protocol’s infrastructure is perfectly aligned with the rapidly expanding DeFi and Web3 spaces. The protocol’s low fees and high throughput make it an ideal platform for DeFi applications, which rely on fast and affordable transactions. NEAR has already seen a number of DeFi projects launching on its network, and this trend is expected to accelerate as the ecosystem grows.
Additionally, Web3, which refers to the decentralized internet, is set to become a massive growth area in the coming years. NEAR Protocol’s support for decentralized applications makes it well-suited to capture this market as more Web3 platforms emerge. The ability to handle large-scale applications with minimal fees puts NEAR in a favorable position to be a leading blockchain in this space.
Final Thoughts
With its innovative technology, growing developer ecosystem, and focus on scalability and user experience, NEAR Protocol is poised for significant growth in the coming years. As DeFi and Web3 continue to gain momentum, NEAR’s strengths make it a strong contender in the blockchain space. Investors looking for a project with both technical advantages and long-term potential should keep a close eye on NEAR.
What are your thoughts on NEAR Protocol? Share your insights and strategies for investing in this growing blockchain ecosystem! Don’t forget to follow me for more updates on crypto trends and investment opportunities.
#NEARProtocol #DeFi #Web3 #Blockchain #Binance

Key points
Chain abstraction refers to the idea of ​​simplifying the use of blockchain applications and services by removing friction and technical processes from the user experience (UX).

Chain abstraction can make applications more attractive to end users and help developers build more efficient DApps that enable cross-chain interactions.

CoinDesk Indices (CDI) presents its daily market update, highlighting the performance of leaders and laggards in the benchmark CoinDesk 20 Index (CD20).

The CoinDesk 20 is currently trading at 2155.7, up 3.1% (+64.67) since last Friday's close.

Nineteen out of 20 assets in the gauge are trading higher.

Leaders: NEAR (+7.1%) and AVAX (+5.8%).

Laggards: ATOM (-1.2%) and BCH (+0.0%).

CoinDesk 20 (CD20) is a broad-based index that tracks top digital assets and is investible on multiple platforms.

Explore the merger of three major AI projects from ASI (Artificial Superintelligence)

What is ASI?

Artificial intelligence can be divided into three main levels: Artificial Narrow Intelligence (ANI), Artificial General Intelligence (AGI) and Artificial Superintelligence (ASI).

Weak AI (ANI): Weak AI refers to AI systems that are specifically designed to solve specific problems or perform specific tasks. They perform well in specific areas but lack cross-domain intelligence and learning capabilities. Many current AI applications, such as voice assistants, image recognition, and recommendation systems, are weak AI.

Congratulations If you hold $FET or $OCEAN or AGXI this is All You Need To Know & how to SWAP or Automatically get your Super Token. Fetch.ai is joining forces with SingularityNET and Ocean Protocol to create the Superintelligence Alliance with the token ticker $ASI "Artificial Superintelligence." You can read the full story about the Superintelligence Alliance here.
This blog post will detail the changes that are taking place to our native cryptocurrency FET.

The Superintelligence Alliance will form through the union of three top decentralized AI companies, Fetch.ai, SingularityNET and Ocean Protocol. With increased activity on our platform, combined with a period of exponential growth for AI projects, the time is right to switch gears with our token too. As part of the union, there will be a token merge of FET, OCEAN and AGIX into a new ASI token. Let's dive in🥂
💥What is $ASI?💥
The most important thing to note is that FET is the reserve currency of The Superintelligence Alliance and will be changing its name to ASI, pending successful governance proposals.
Fetch.ai, SingularityNET and Ocean Protocol will shortly be submitting governance proposals to their respective communities and voting is expected to open on 2nd April. Fetch.ai will complete voting on 7th April with all proposals scheduled to complete voting by 16th April.
If approved, it will then be possible to swap FET for Artificial Superintelligence token at a rate of 1:1. For example, if you hold 100 FET then you will be able to swap it for 100 ASI.
As part of the new initiative, Ocean Protocol will convert OCEAN tokens into ASI and SingularityNET will convert AGIX tokens into ASI at a fixed exchange rate, detailed further down.
The ASI token (the renamed FET token) will have a new market capitalization based on the token merge. The combined value of the Superintelligence Alliance is expected to be around $7.5 Billion with 2.631 Billion tokens, and with FET as the benchmark currency, valued at $2.82 per FET at the time of writing.
Snapshot of the Projects

💡ASI Token Exchange Mechanism💡
Starting with FET as the base token of the Alliance, the FET token will be renamed $ASI, and an additional 1.48 Billion tokens will be minted, with 867 million $ASI allocated to AGXI holders and 611 million $ASI allocated to OCEAN token holders.
The total supply of ASI tokens will be 2.63 Billion tokens.
A snapshot taken on Monday, 25 March 2024 shows a summary of the Max Supply (#) and Fully Diluted Value ($):

Here is the calculation basis for the token minting to give a proportional share of new $ASI tokens to OCEAN and AGIX holders:

Token holders will receive 0.433226 ASI per OCEAN and 0.433350 ASI per AGIX. This exchange rate is fixed and will not change. We expect that smart arbitrageurs will notice if a price differential between the tokens arises, and then arb it out to maintain a balance and equilibrium in the exchange rate.
🟢 I am a FET holder, what action should I take?
FET holders don't need to do anything right now. With the announcement live, each Foundation will speak to business partners, answer questions from the community and start to plan the next steps.
The first priority is to execute the token merge. As mentioned, FET token will be the reserve currency of the Superintelligence Alliance and it will be renamed ASI --- 'Artificial Superintelligence.'
Holders of OCEAN and AGIX need not do anything right now. The exchange rate between FET/ASI and OCEAN and ASI and AGIX is fixed and the swap mechanism will remain open indefinitely, so users can choose to swap tokens at their leisure.
✨ FET Tokens on Exchanges
If you have OCEAN and AGIX tokens on an exchange, no action is needed. We will work with each exchange to ensure a smooth conversion and your holdings will automatically be converted to $ASI tokens directly by the exchange. You won't see OCEAN or AGIX on the exchange --- but don't panic! Your tokens are there, just look for the ASI symbol.
Don't Deposit OCEAN / AGIX tokens into Exchanges after they've Executed a Conversion When an exchange has converted all OCEAN and AGIX tokens, the tickers OCEAN and AGXI will be retired from the exchange. If anyone accidentally sends OCEAN or AGIX an exchange after the conversion event, we cannot guarantee that the tokens will be available or converted to ASI. So please keep abreast of notices and announcements from your exchanges.
If you hold OCEAN or AGIX outside of an exchange and want to convert them to $ASI tokens, please see the next paragraph.
⚡ OCEAN / AGIX Tokens in Hard Wallets or Offline
For those of you holding your tokens in hard wallets or offline, a token swap mechanism will be available in the coming weeks to allow holders to exchange their OCEAN and AGIX for ASI.
Once made available, this swap mechanism will be available indefinitely to allow long-term stakers to exchange their OCEAN and AGIX for ASI tokens when their tokens unlock, without any FX or exchange risk.
⏳Timing for the Token Swap Mechanism
The token swap contracts have been tested and audited but given the complexity of the coordination with hundreds of business partners, we'll complete a more detailed analysis, speak with partners & exchanges, and come back to the community with a firm date to release the token swap tool. Stay tuned to our official channels which you should access via links on our website.
🎯DEXes and Pool Liquidity
We encourage liquidity providers to remove any OCEAN and AGIX related liquidity from DEXs at their convenience. Users may experience higher slippage in pools with lower liquidity. We recommend that you size your swap according to the available liquidity to minimize slippage.
Once a threshold of 95% of the OCEAN and AGIX token supply is converted to ASI, Ocean Protocol and SingularityNET Foundations will remove any pool liquidity that we have provisioned.
🌿New Beginnings🌿
We hope you will continue to join us on this journey into AI. We are extremely excited to move forward as an Alliance and bring our combined knowledge and expertise to bear. All three companies have been working on different parts of the decentralized stack and by teaming up, the value-flow from deep research, to tools & applications, and finally to large-scale commercialization of data and AI services can be expedited.
📚 Source: FET Fetch.ai News Article.
🖋️ By @CryptoVenom
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