![]() ![]() And the company has a market cap over $162 billion-larger than Goldman Sachs or IBM.Įthereum’s network is a thriving ecosystem with thousands of projects, including NFT platform OpenSea… which chose Ethereum’s blockchain due to its increasing scalability and security features.īut there’s a major problem: the Ethereum network comes with ridiculously high fees of up to $20 per transaction. There are over 1 million ETH transactions a day. The Ethereum blockchain also has its own currency, ETH, which is used around the world to purchase NFTs, virtual land, and exchange currencies. So before we dig into the details of Near Protocol, let’s look at what’s driving its growth story… and why Google is backing it… Why crypto investors are searching for an ‘Ethereum killer’Įveryone knows Ethereum… it’s one of the largest blockchains in the world… and arguably the face of the crypto sector (alongside Bitcoin).Įthereum is a decentralized blockchain that allows users to securely send and receive digital assets. It’s a bit ironic, since Google is a tech giant that profits off its users’ data… while Pagoda aims to help push big businesses out of the picture. In simple terms, it will allow musicians, artists, and other content creators to launch their products and keep their earnings (instead of big corporations taking a cut). ![]() The Pagoda platform comes with all the tools needed to start a project instantly. Google Cloud announced it will provide infrastructure and tech support for Near Protocol (NEAR)’s startup Pagoda project, the first-ever Web3 platform where developers can build and launch new blockchain products. One of the biggest tech companies in the world has just partnered with a crypto most folks have never heard of… but it could soon give Ethereum a run for its money. This week’s letter focuses on only one piece of crypto news… for good reason. ![]()
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