Cardano could be the next implementation on NEAR Intents
Main Idea
Cardano (ADA) may integrate with NEAR Protocol’s Intents platform to enhance cross-chain interoperability, potentially boosting liquidity and utility for ADA holders.
Key Points
1. A newly created smart contract, ‘_cardano.omft.near_’, suggests potential integration between Cardano and NEAR Protocol for cross-chain transactions.
2. NEAR Intents is an open-source tool designed to simplify cross-chain asset swaps and user interactions across over 100 supported tokens.
3. Cardano founder Charles Hoskinson confirmed collaboration with NEAR, calling it a 'win-win scenario' for both ecosystems.
4. The integration could significantly increase ADA liquidity and utility by enabling seamless swaps with NEAR-supported assets without centralized exchanges.
5. Analyst Vini Barbosa noted that nearly a billion dollars has already been transacted via NEAR Intents, indicating strong early adoption.
Description
Cardano ( ADA ) may soon take a major step toward cross-chain interoperability through a potential integration with NEAR Protocol’s Intents platform. On July 30, blockchain analyst Vini Barbosa flagged a newly created smart contract, ‘ cardano.omft.near ’, conducting ADA transactions with NEAR on the NEAR blockchain. The latest development hints that Cardano is in the early stages of testing support for NEAR Intents , a framework designed to streamline cross-chain asset swaps and user interactio...
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