NEAR Foundation announced the merger of NEAR DA and Polygon CDK. The goal of technology integration is to deliver the benefits of cost-effective data availability to rollups, especially during times when data publishing costs are at their peak.
nearby It was chosen for efficiency and strong data availability. Data Availability is purpose-built to help developers simplify network architecture and reduce overall costs. Polygon CDK, on the other hand, was chosen for the level of simplicity it provides to developers who want to design L2 chains with their own configuration set.
In the official announcement, NEAR DA A complete, ready-to-use modular DA solution. Illia Polosukhin, co-founder of NEAR Protocol, echoed these sentiments, saying she is excited to see how the technological integration between the two companies unfolds in the future. Illia added that it will share the benefits of cost-effectiveness, faster data availability and improved experiences. The team at NEAR Protocol is also confident in its push for chain abstraction.
However, concerns have been expressed about what will happen to security once the integration is complete. The NEAR Foundation announced that Ethereum will continue to provide all security guarantees as normal. Another advantage mentioned is the quality of the project with access to support and compatibility options.
In the future, NEAR and Polygon plan to collaborate on research to build zkWASM. This opens up the possibility for developers to build their own zkWASM chains on NEAR DA.
NEAR and MATIC continue to struggle in the market despite their announcements. NEAR was trading at $3.03, down 9.25% in the last 24 hours. It also reflects a decline of 14.15% over the past 7 days and a rise of 10.65% over the past 30 days. At the time of writing, its market capitalization is down 9.20%, while its 24-hour trading volume is up nearly 13.08%.
MATIC isn’t exactly having the time of his life. The token plunged 3.85% in the last 24 hours to trade at $0.7862. It is down 13.57% over the past 7 days and down 2.43% over the past 30 days. Market capitalization and 24-hour trading volume fell 3.37% and 14.46% in the same order.
The integration of NEAR DA and Polygon CDK comes just days after the NEAR Foundation reported a strong presence in a market valued at over $285 million in fiat. It also holds 305 million NEAR tokens worth ~$1 billion, along with $70 million in loans and investments. This means the NEAR Foundation is well-positioned for all future developments and growing projects.