Thread by @alpha_pls

1/ $NEAR deep dive

- What is @NEARProtocol?
- What is $AURORA & how to bridge?
- Defi, NFTs & Gaming on @NEARProtocol
- Assorted CT chat
- TA

RTs appreciated!

A summary thread for those allergic to links 🧵👇

alphapls.substack.com/p/why-near-pro…

2/ $NEAR is an L1, PoS blockchain.

Why build on Near?

3/ $NEAR allows developers to just deploy their app without thinking too much about how the infrastructure around it operates or scales, which is more like the modern clouds like Amazon AWS or GCP or Azure which drive almost all of today’s web applications.

4/ $NEAR uses a technology they call Simple Nightshade to achieve its massive throughput capabilities.

5/ What Makes Simple Nightshade Unique?

Quick TL;DR on sharding? Think of a blockchain protocol as being composed of multiple other blockchains. Each of these component blockchains is called a “shard,” and each has their own set of validators.

6/ The Simple Nightshade approach is unique in that each block contains all transactions from all shards. No participant downloads either the full state or the full logical block — instead, they maintain the state connected to the shards for which they validate transactions.

7/ On a practical level, this significantly speeds up transactions (TPS, or transactions per second) and enhances security both for the community and any cross-platform or multi-chain projects.

8/ Though Simple Nightshade’s launch is only the first of several steps toward a fully-sharded, truly agile NEAR, its impact on DeFi and Crypto in Phase 0 is immediate and potent.

9/ In phase 3, NEAR want to create the ability for the network to dynamically split and merge shards based on resource utilization. In their words, this will make NEAR almost infinitely scalable & resilient to short-term usage spikes. They expect to deliver this in Q4 22.

10/ Full Simple Nightshade roadmap:

https://twitter.com/NEARProtocol/status/1460275110623924228

11/ Great write up on $NEAR:

https://twitter.com/j0hnwang/status/1477448456499531776

12/ Polynya adds a bit more colour to John’s thread:

https://twitter.com/epolynya/status/1477874076421013508?s=20&t=cKr1H2bNFIqeIVNPMdfsgQ

13/ What is Aurora?

Aurora is an EVM created by the team at the NEAR Protocol. It delivers a solution for developers to operate their apps on an Ethereum-compatible, high-throughput, scalable and future-safe platform, with low transaction costs for their users.

14/ How to become a bridgeooooor:

https://twitter.com/sandraaleow/status/1475362509091598337

15/ NEAR’s Ecosystem Fund

NEAR has a very large war chest to incentivise developers and start ups to build on their protocol.

https://twitter.com/NEARProtocol/status/1452633645450244099

16/ 3AC also just led another big raise. Major crypto focused funds all wanted a piece of the action: Mechanism Capital, Dragonfly Capital, Andreessen Horowitz (a16z), Jump, Alameda, Zee Prime and Amber Group, among others.

https://twitter.com/zhusu/status/1481629127966740480

17/ Assorted CT Commentary

The Defi scene is starting to blossom on NEAR.

https://twitter.com/NEARWEEK/status/1488809866781155334

18/ This anon has gone all in.

https://twitter.com/GusTheCruel/status/1490230705166721024?s=20&t=cKr1H2bNFIqeIVNPMdfsgQ

19/ Sell me $NEAR in one tweet.

https://twitter.com/nosleepjon/status/1476315636942917634

20/ The founder of $NEAR speaks alongside the founders of $SOL and $AVAX.

https://twitter.com/cmsintern/status/1482171812259708932

21/ NEAR transactions are demonstrating solid growth.

https://twitter.com/Gojo_Crypto/status/1488278374959046657

22/ Surprisingly, NEAR is still not on Coinbase. They must be too busy listing pet coins...

https://twitter.com/Adri_crypto/status/1490898776034541568?s=20&t=zZE_Y337AntxgmVlw1MEUg

23/ $NEAR NFTs

$NEAR has a growing NFT scene

https://twitter.com/zayzay0_/status/1489499063804469248

24/ More $NEAR NFT alpha.

https://twitter.com/Mokkans/status/1491223000842383360

25/ $NEAR Gaming

Gaming is another vertical that is gaining traction on $NEAR.

@OPGames_ is currently building on NEAR. They work directly with game developers to turn their games into fractionalised NFTs that are then offered to the community.

26/ @PlayHashRush is considered by many to be one of the best, most innovative emerging games in the $NEAR ecosystem.

27/ There are many more games on NEAR and far too many to mention, but @NearLands is another intriguing project. It is a multiplayer 2D world running on NEAR, which other developers can build on. @holisticpilgrim is an example. Stardew Valley vibes.

https://twitter.com/NEARHolystic/status/1484776423332413441

28/ What’s the TA saying?

A few perspectives to help you get an entry, should you so desire one.

Sherpa is a regular watcher of the $NEAR meme lines.

https://twitter.com/AltcoinSherpa/status/1491392524526649345

29/ Another perspective.

https://twitter.com/Livercoin/status/1490757794290667522?s=20&t=cKr1H2bNFIqeIVNPMdfsgQ

30/ What’s the Catch?

There are always tradeoffs, anon.

31/ If you enjoyed the thread and newsletter, then please RT, give us a follow and consider subscribing to the newsletter 👊

alphapls.substack.com

Featuring @j0hnwang, @epolynya, @sandraaleow, @zhusu, @NEARWEEK, @GusTheCruel, @cmsintern, @nosleepjon, @Gojo_Crypto, @Adri_crypto, @zayzay0_, @Mokkans, @crypto_iso, @nearlands, @NEARHolystic, @AltcoinSherpa, @livercoin, @eliz1883, @Gregariou1, @hasufl

Thanks for the content! 🙏