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Polygon joins hands with layer-1 blockchain Near Protocol to bridge the gap between Wasm blockchains and the Ethereum ecosystem.

The zkWasm prover will bridge the divide between Wasm-based blockchains and the Ethereum ecosystem. MATIC price rallies 8% amid strong whale accumulation.

NEAR Foundation, the non-profit entity behind the NEAR Protocol, has announced a collaboration with Ethereum scaling solution Polygon Labs to improve interoperability across chains.

This collaboration's primary objective is to connect Wasm-based chains with the Ethereum ecosystem, offering developers who utilize the Polygon CDK (Chain Development Kit) a range of customization options. NEAR Foundation Becomes Core Contributor to Polygon Polygon Labs wants to introduce something called a zkWasm prover.

Polygon Labs (MATIC) and the NEAR Foundation have recently announced their collaboration on the development of a zero-knowledge (ZK) prover for the WebAssembly (Wasm) blockchain. The alliance aims to “bridge the gap” between Wasm-based chains and the Ethereum ecosystem, providing customization and options for developers building with the Polygon CDK (Chain Development Kit).

Wintermute threatened legal action against NEAR Foundation after it refused to redeem the USN tokens connected to Alameda Research.

NEAR Foundation partners with Polygon Labs to develop zkWASM, a cutting-edge zero-knowledge solution enhancing interoperability and security for WASM chains.

The Near Foundation, a key entity in blockchain innovation, has unveiled two fresh offerings designed to enhance the toolset available to web3 architects. These products are set to provide substantial resources for those who are at the forefront of blockchain development.

Near Foundation announced a new data availability layer called Near DA and collaboration with Polygon Labs.

ZK experts and WASM researchers are joining forces in the zkWASM collaboration to develop a ZK prover for WASM blockchains, accessible through Polygon CDK.

The project's new "NEAR DA" aims to provide an alternate venue that could handle data produced by Ethereum's fast-growing network or auxiliary blockchains or "layer-2 networks."

The aim of the tie-up is to allow for greater interoperability across chains.

Evgeny Gaevoy, the CEO of Crypto market maker Wintermute, said his firm would take legal action against Near(NEAR) Foundation and Aurora Labs for failing to deliver on their promise to convert $11 million worth of USN stablecoins into Tether's USDT.

Wintermute founder and CEO Evgeny Gaevoy has publicly accused Near Foundation and Aurora Labs for failing to uphold a deal which would see $11.2 million worth of USN, a Near protocol-native stablecoin, convert to USDT.

NEAR Foundation appoints co-founder Illia Polosukhin as CEO, marking a new phase for the NEAR Protocol, focusing on ecosystem growth and process optimization.

The Near Foundation has refused to execute Wintermute's USN redemptions for over two months.

Wintermute criticizes Near Foundation and Aurora Labs for failing to fulfill USN redemption commitments, resulting in significant unredeemed funds. Seeking legal recourse and remaining adversarial if resolutions fail.

Wintermute, a cryptocurrency market maker, has accused the NEAR Foundation and Aurora of breaching an agreement to convert $11 million in USN stablecoins.

Wintermute, a leading market maker, has publicized a conflict with NEAR Foundation and Aurora Labs over the redemption of USN stablecoin, possibly signifying deeper issues within the cryptocurrency accountability mechanisms after the series of industry shake-ups.

NEAR Foundation has sparked controversy by declining to honor an 11.2 million USN redemption commitment tied to FTX.

Wintermute founder and CEO Evgeny Gaevoy says the Near Foundation reneged on an offer to convert $11m million worth of its stablecoin.

In his new role, AI innovator Illia Polosukhin will oversee the growth of the NEAR Open Web Ecosystem and guide the constellation of teams that leverage NEAR as a platform for dApp buiding.

In recent weeks, the world of cryptocurrency has been buzzing with excitement as Near Protocol (NEAR) experienced a remarkable 46% surge in its value. While such rapid price movements may leave many people scratching their heads, a closer look at the driving forces behind this impressive upswing reveals some compelling reasons for this success.

Coin98 has launched a decentralized app store on NEAR's Blockchain Operating System, providing seamless access to top L2 and DeFi protocols for over 7 million users.