NEAR Protocol teams up with Aptos for the introduction of cross-chain swaps, simplifying the process of cryptocurrency exchanges. Collaboration with Shelby aims to establish a decentralized data storage system.
Integration of NEAR Intents and Aptos
NEAR Protocol and Aptos have initiated a partnership aimed at optimizing cross-chain transfers. The integration of NEAR Intents allows users to perform instant swaps between various cryptocurrencies, minimizing blockchain complexities.
Partnership with Shelby
Additionally, NEAR is collaborating with the Shelby platform, which provides robust solutions for decentralized data storage. Shelby is co-developed with Aptos Labs and Jump Crypto, enhancing interaction performance for AI and other applications.
Benefits of the New Approach
As a result of the collaboration, users will be able to exchange various cryptocurrencies, such as Bitcoin and Ethereum, directly through NEAR Intents. This process will be intuitive, freeing users from the need to use bridges and worry about network details.
The collaboration between NEAR Protocol, Aptos, and Shelby represents a significant step towards simplifying the use of cross-chain swaps and improving access to decentralized data storage systems in web3.
