Share this article
NEAR Jumps 5% After Nexo Integration, Bucking Market Trend
Also announced was a partnership with startup Tokenproof.
Aug 23, 2023, 1:37 p.m.
Make us preferred on Google
Near Protocol’s native token NEAR has climbed 5% over the last 24 hours following an announcement that crypto exchange Nexo has integrated the Near network. Users will now be able to deposit and withdraw NEAR on that exchange.
The sizable gain comes as the broader crypto markets head lower, with the CoinDesk Market Index (CMI) off 0.7% on Wednesday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Even with today’s advance, NEAR is still down 15% over the month.
Tokenproof, a startup which connects brands and audiences through token-based experiences, also announced a partnership with Near on Tuesday to integrate into the Near Protocol Blockchain Operating System — a platform for developers to build and interact on.
Near users will be able to connect their wallets to the Tokenproof app and unlock online and in-person experiences, said the press release.
More For You
Accelerating Convergence Between Traditional and On-Chain Finance in 2026?
Commissioned bySociete Generale-FORGE
More For You
Ark Invest's Cathie Wood says bitcoin will thrive amid ‘deflationary chaos’ created by AI and innovation
Exponential tech will force down prices and stress legacy finance, for which bitcoin offers a trustless alternative, said Wood at Bitcoin Investor Week.
What to know:
- Cathie Wood argues that bitcoin is a hedge not only against inflation but also against a coming wave of technology-driven, productivity-led deflation.
- She says rapid cost declines in artificial intelligence and other exponential technologies will trigger "deflationary chaos" that traditional financial institutions and the Federal Reserve are unprepared for.
- In her view, bitcoin’s decentralized design and fixed supply make it a safer alternative to fragile, debt-based financial systems that could be strained by deflation and disrupted business models.
Top Stories
