Near Protocol Partners Seracle to Initiate Economically Efficient Web3 Ventures May 25, 2023 May 25, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsMay 25, 2023 by Kelly Cromley

Near Protocol Partners Seracle to Initiate Economically Efficient Web3 Ventures

The NEAR Foundation, a non-profit organization based in Switzerland, will leverage Seracle’s Litenode architecture to deliver cost-effective and efficient solutions for Web3 initiatives.

The collaboration between Seracle and NEAR Protocol aims to facilitate cost-effective and streamlined development for developers, while ensuring a seamless experience for those interested in building on the NEAR protocol. The plan is to onboard around 100 Web3 projects and 5,000 developers in the current year.

Seracle’s Litenode architecture facilitates significant cost savings by reducing DevOps expenses by as much as 90%. On average, the maintenance of nodes and DevOps for a project costs around $400 to $490 per month. Through this collaboration, the expenses can be curtailed to a range of $19 to $49 on a monthly basis.

Seracle has allocated a sum of $100,000 USD to provide platform credits in support of Web3 initiatives that are based on NEAR. This approach can assist in mitigating initial expenses and enable developers to focus on application development. The incubation center in Pune, operated by Seracle, will receive grants from NEAR Protocol to support certain Web3 projects. This initiative aims to accelerate the progress of pioneering blockchain-based solutions and encourage the acceptance of decentralized technologies.

NEAR provides cutting-edge Web3 solutions, such as Blockchain Operating System, Javascript, and Rust-based software development kits (SDKs). According to Shrikant Bhalerao, the CEO of Seracle, the company’s NEAR collaboration with numerous enterprises and entrepreneurs who are adopting Seracle’s web3 infrastructure is anticipated to result in a 30% rise in revenue.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.