The platform is intended to act as a common layer for browsing and discovering Web 3 products.
Layer 1 blockchain tech network Near Protocol has launched a product- 1st operating system that developers can build into and users can interact on as a single platform, Illia Polosukhin, Near’s co- founder, announced at the ETHDenver industry conference.
The platform is intended to act as a common layer for browsing and discovering Web 3 products including cryptocurrency exchanges, non-fungible crypto token (NFT) galleries and social networks, reports by Polosukhin. The framework will be compatible with all blockchains teck ( as of now supporting Near Protocol and Ethereum (ETH) Virtual Machine chains) and Near will act as the common entry point, stated Polusukhin, in an interview with CoinDesk.
For developers, decentralized and composable front ends offer a way to build and launch better applications and quicker forking of existing pieces and components, while leveraging built-ins such as profiles, payments and notifications likewise as searching, without the must host anything themselves, reports by the press release.
“The composable decentralized front ends as a framework can work with any Web2 or Web 3.0 back end and any wallet,” Polusukhin stated. “ Going forward we will be offering [use of] wallets from one chain to interact with another via seamless bridging,” he added.
The Near protocol as of now ranks as the 35th largest blockchain tech in terms of market cap, reports by data from Messari. The layer 1’s market capitalization was around $1.96 Billion and its NEAR crypto token was currently worth around $2.28, at the time of writing.
The platform is dubbed a “ blockchain tech operating system (BOS),” reports by the news release. “We are moving away from our layer 1 focus, it’s now about the user and the experience they have. We are looking at this as the frontend for blockchains teck in general,” stated Polosukhin, in an interview with CoinDesk.
Polosukhin added the platform is hoping to tackle some of the user experience issues in the Web 3.0 space. “As a user as of now it’s hard to find a single place to look at Web 3.0 applications, there is no search mechanism or way to navigate betwixt them,” stated Polosukhin. “The BOS establish a single point of entry. ”