An Ethereum (ETH) competitor that’s working to accelerate Web 3.0 adoption is soaring after top US crypto exchange Coinbase put it on the path to joining its trading roster.
The Coinbase listing roadmap is made up of crypto projects currently under consideration to be included among the exchange’s growing list of supported assets.
In a new announcement, Coinbase says it has updated the roadmap with the addition of decentralized application (DApp) platform Near Protocol (NEAR).
Near Protocol’s proof-of-stake (PoS) blockchain aims not only to resolve industry-wide scaling issues but is also designed to be user-friendly for both developers and non-tech savvy.
Native governance token NEAR can be used for online storage, paying transaction fees as well as earning staking rewards by validating network transactions.
According to the project website,
“Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences.
Business, creativity, and community are being reimagined for a more sustainable and inclusive future.
We envision a world where people control their money, their data, and the tools to build new ideas.”
Asset added to the roadmap today: Near Protocol (NEAR)https://t.co/zu1IBdrD7X
— Coinbase Assets (@CoinbaseAssets) August 10, 2022
The project says it’s been carbon-neutral since February of 2021, while also boasting low transaction fees and the ability to communicate across different blockchains.
Near Protocol has been surging up the charts lately, up 71.2% over the past month and 29.2% since last Wednesday.
NEAR is up over 13% on the day and trading for $5.92.
Coinbase’s listing roadmap was originally created to increase transparency by “providing as much information symmetry as possible” and to communicate with the market before deciding to list an asset.
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