Create Your NFT Marketplace On NEAR Blockchain Protocol

Have you heard about NEAR protocol? A latest mainstream blockchain network for NFT Development. In this article, we’ll see how NEAR protocol is now ranked as the top blockchain network for NFT development and what is so special about NFT Marketplace development on NEAR protocol.

What is NEAR Protocol?

NEAR Protocol is a layer-1 blockchain network launched as a decentralized cloud in 2020 with a main objective to host decentralized applications. This protocol uses a unique sharding method called NightShade in order to address the scalability challenges faced in other blockchain networks. With its reliable sharding technology, the NEAR protocol is in an attempt to compete against Ethereum networks and promises to be a better Blockchain network than Ethereum in many ways.

How Does NEAR Protocol Works?

In order to enhance the network’s performance and make it more faster and cheaper than several other Blockchain networks, NEAR Protocol uses a wide range of programming languages and tools. In that list, first comes the Proof of Stake (PoS) consensus mechanism which helps in making the network more secured. Some other major methodologies that are significant in NEAR Protocol functioning are as follows.

NightShading - This sharding technique splits the task of processing the transactions into multiple nodes and each will process a portion of transaction, thus results in processing the data more efficiently.

Rainbow Bridge - This application on NEAR network is mainly used to let the users easily transfer NFTs, Ethereum tokens and stablecoins from Ethereum blockchain to NEAR blockchain. Such transactions on NEAR will take place in less than 3 seconds that too with lower transaction cost when compared to that in Ethereum network.

NEAR NFT Marketplace Development

After knowing about the lucrative facts of NEAR Protocol, any crypto enthusiast or business person would desire to invest in NEAR NFT Marketplace Development. Understanding the scope of NFT Marketplace Development on NEAR Protocol, Developcoins as a leading NFT Marketplace development company offers extensive NFT development solutions on NEAR Protocol. To explore more in detail, get in touch with the experts at Developcoins. Explore more here: https://www.developcoins.com/near-nft-marketplace-development.