Near Foundation Joins Celestia to Fortify Ethereum Rollups with Unstoppable ‘Data Availability

Near Foundation and Celestia Partner to Boost Ethereum Rollup Data Availability

Step right up, ladies and gentlemen! Welcome to the blockchain circus, where the Ethereum elephants are groaning under the weight of endless data. But fear not! The Near Foundation has entered the ring, unleashing a new act known as “data availability” solutions. Brace yourselves for a spectacle!

Picture this: Ethereum, the majestic blockchain juggernaut, struggling to store and broadcast massive amounts of data. It’s like a library bursting at the seams, desperately seeking relief. And there, riding in on the white horse of innovation, comes the Near Protocol – a non-profit organization with a mission to save the day.

They’ve unveiled their secret weapon, a dazzling “NEAR DA” that promises to make posting data on the network 8,000 times cheaper than on Ethereum. It’s like trading in your fancy sports car for a trusty bicycle – a cost-effective and efficient way to get from point A to point B.

But wait, there’s more! Just like a Cirque du Soleil performer on a tightrope, NEAR DA aims to cater to the needs of fast-growing networks and auxiliary blockchains, also known as “layer-2 networks.” It’s like offering an alternate universe, where data can frolic freely without burdening the mighty Ethereum.

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And they’re not alone in this daring act. Competitors like Celestia and Avail are stepping into the spotlight, creating a fierce race to the top. It’s a battle of innovation, a clash of titans.

But hold onto your hats, folks, because NEAR DA has more tricks up its sleeve. The press release declares, “NEAR DA offers immediate benefits to Web3 founders exploring the modular blockchain development landscape.” It’s like a magical toolbox filled with wonders, making it easier for pioneers to navigate the wild world of blockchain.

And who are the fortunate first users of this grand spectacle? We have Madara by Starknet, Caldera, and Movement Labs stepping into the limelight. They’re the pioneers, the trailblazers of this breathtaking extravaganza.

This grand announcement took place at Nearcon, the annual conference held in Lisbon. It was like a ringmaster stepping into the center of the arena, captivating the audience with promises of a brighter blockchain future.

Now, let’s talk numbers. Prepare yourself for a mind-blowing revelation. It would cost a jaw-dropping $26.22 – yes, you read that right – for Ethereum’s optimistic rollup to post a mere 100 kilobytes of calldata. But fear not, my friends, for NEAR DA swoops in like a superhero, slashing that cost down to only $0.0033. It’s like finding a treasure chest filled with gold coins on a deserted island. Pure bliss!

So, fellow blockchain enthusiasts, what are we waiting for? Let’s join the spectacle, embrace the future, and watch as the Ethereum elephants lighten their loads. The circus is in town, and it’s time to roll with NEAR DA!

Have you ever faced challenges with the Ethereum blockchain’s data storage? Share your thoughts and experiences in the comments below!

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