Near Calls retweeted
PEARL, the asset mined through AI work, is now on $NEAR's app near.com.
The launch was announced on November 2.
Here is why that matters. 👇
Think of an oyster farmer with a fresh haul of pearls.
Great. But the electricity company doesn't take a bucket of pearls.
You need a market that turns what you produce into the currency your bills are paid in.
PEARL has a version of that problem.
Its protocol is designed to let graphics chips do AI work and help secure a blockchain at the same time, earning PEARL.
But the people running those chips pay for electricity and hardware in other currencies.
NEAR Intents gives that reward an exit.
At launch:
• Swap PEARL into and out of supported assets across 35+ chains
• Competing trade providers, called solvers, handle the route. You choose the swap, not the bridges
• Swaps on near.com are confidential by default
• Apps already using the NEAR Intents 1Click API can offer PEARL through their existing integration
Worth knowing: Pearl is a young network, and Proof of Useful Work is a young idea. Easier trading does not make the asset risk-free or guarantee mining profits.
Details: near.org/blog/trade-pearl-on…
Making the pearl is one job. Getting it to a market is another. 🦪⚪🔄⚡️
Learnt something today? Follow for more!
🤖 Made with AI
NEAR’s proposal to cut maximum annual token issuance from 2.5% to 1.6% over 24 months has 99.96% support ahead of today’s vote close.
@NEARProtocol
If you can solve this quickly, your IQ is above average.
Can you solve it?
I will raffle off 100 Near to the 1 person who guesses correctly.
Are we ready to build?
Time for a NEAR ecosystem group photo before the hackathon kicks off 📸
Communities, drop your mascots below. Let's get everyone in the picture 👇
The hacker who stole $6 billion from Binance has publicly announced that all the funds will be used to buy $NEAR
Near Calls retweeted
Binance's initial investigation suggests that the security incident may involve a compromised DevOps engineer’s laptop, which allowed an attacker to gain access to a service container and submit unauthorized withdrawal transactions. We have found no evidence of any wallet private key leak. We will share a detailed technical post-mortem once the investigation is complete and the facts are fully verified.
The estimated total impact sits at around $6.3B. We have worked with blockchain partners to freeze affected assets, with ~$3 billion frozen on-chain so far.
Binance will cover all losses from the SAFU fund and the company’s funds. User funds are safe. We will also publish an updated Proof of Reserves once the remediation is complete.
As an immediate precaution, Binance has:
- temporarily suspended deposits and withdrawals while security checks are completed;
- revoked the affected address authorisation;
- engaged law enforcement and blockchain intelligence partners to trace and recover funds.
Our teams are working around the clock to resolve this issue safely and thoroughly. We are working closely with our law enforcement partners to confirm the identity of these criminals and bring them to justice.
Please rely only on official Binance channels for updates. Please feel free to contact Binance Customer Support if you have any further questions.
binance.com/en/support/annou…
"Mom, how did we get so rich?"
"Your dad invested in memecoins on $NEAR at a very early stage of NEAR's meme season."
Giveaway of 2 Near items when this post reaches 15 followers and 50 likes @NEARProtocol @near_insider @near_intents
It's going to be a big week for NEAR
Several big releases lined up for memes, equity perpetuals, privacy and [REDACTED], powered by NEAR Intents @near_intents
