NEAR Protocol Surpasses 10 Million Accounts Created

BitKE · 2025-12-29T14:40:44+00:00

In May 2022, NEAR Protocol achieved a milestone of over 10 million wallets, promoting Web3 adoption in Africa. The launch of its Kenya Regional Hub and partnerships with local communities aim to empower individuals and foster blockchain development.

BitKE

2025-12-29 14:40:44

Abstract generation in progress

The month of May 2022 marked a huge milestone for NEAR, the blockchain ecosystem with a focus on finding Web3 talent and enthusiasts in Africa, as the protocol surpassed the 10 million wallets created mark.

“This milestone brings NEAR one step closer to creating a decentralized planet where everyone can create, interact, and thrive. Credit goes to every project, team, or individual helping to build NEAR for a better future.”

– NEAR

SEE ALSO: [NAKURU NEAR-MEET] Harnessing Opportunities in Web3

NEAR Protocol is a decentralized application (dApp) platform and Ethereum competitor that focuses on developer and user-friendliness. Its native NEAR tokens are used to pay for transaction fees and storage on the NEAR crypto platform.

NEAR is a Proof-of-Stake (PoS) blockchain that uses sharding technology to achieve scalability.

NEAR has incorporated features like human-readable account names as opposed to only cryptographic wallet addresses, and the ability for new users to interact with dApps and smart contracts without requiring a wallet at all.

Projects building on NEAR include:

Mintbase – A non-fungible token (NFT) minting platform
Flux – A protocol that allows developers to create markets based on assets, commodities, real-world events, and more.

You can click here to see the full NEAR ecosystem.

The launch of NEAR’s Kenya Regional Hub was one of the big African headlines in May 2022.

NEAR partnered with local Kenyan blockchain community, Sankore, to establish a presence in Nairobi, furthering the NEAR Foundation’s goal of onboarding billions onto the blockchain and empowering individuals to live and prosper as they see fit.

To further drive the adoption of the NEAR blockchain, Web3 Student Clubs, an organization working with students in Kenya, has undertaken a training that seeks to equip students with blockchain development skills to help them build solutions on NEAR.

https://www.youtube.com/watch?v=uyShGdO7HlE NEAR has raised significant capital from the likes of Tiger Global, Andreessen Horowitz (a16z), Republic Capital, FTX Ventures, Hashed and Dragonfly Capital, amongst others

RECOMMENDED READING: Introducing Sankore 2.0 – An Africa-Focused Community Integrating the NEAR Blockchain in Kenya

Thank you for your support by helping us create content:

Donate BTC address*: 3CW75kjLYu7WpELdaqTv722vbobUswVtxT*

ERC20 Address: 0x03139524428e40E31f13909f8D994C915FB91277

SOL address: 9cC65AWFHj848kntcoyiT8av3jiRQEqyTTmBR1GvVUb

ETH-2,23%

FLUX-3,89%

BTC-1,87%

SOL-4,13%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.