🎙Neko Morning Show Season 7 Episode 2 recap 🔹️Hosted by NONO & SOOS 📌 Why NEAR? INTRODUCTION 🌐 NEAR Protocol is a layer 1 blockchain that stands as a decentralized application platform, aiming to incentivize a network of computers to operate a platform for developers to create and launch decentralized applications. 🔸️ NEAR Protocol employs the concept of sharding, a process that allows for splitting of the network’s infrastructure into several segments for computers, also called the "NODES", to only have to handle a fraction of the network’s transactions. 🔹️ Sharding helps to create a more efficient way to retrieve network data and scale the Network. 🔰 WHY NEAR PROTOCOL 1️⃣ THE TECHNOLOGY: 🔸️ NEAR has developed cutting-edge technology to facilitate transactions that are not only lightning-fast (around 1secs) but also boast quick finality, cost less than a penny, and maintain strong security standards. 🔹️ NEAR Data Availability (NEAR DA); this is a groundbreaking innovation that offers robust, cost-efficient data availability for developers building Ethereum roll-ups and promises a huge cost difference in processing data. Processing data on Near Network is claimed to be 8000 times cheaper than on Ethereum L2. 🔸️ ZK WASM; NEAR Protocol and Polygon lab are collaborating to bring zkWASM, promising a future of zero-knowledge for WASM-based blockchains. This initiative aims to boost security, scalability, developer flexibility, and interoperability in the open web. 🔹️ THE BOS; The Blockchain operating system introduces a layer beneath the software to make interfacing with the blockchain easier. The BOS will serve as a single point of entry to all web3 spaces for a better user experience. 🔸️ CHAIN ABSTRACTION; this refers to the concept of having protocols or systems in a way that allows them to interact seamlessly across different blockchain networks. It helps promote a more united blockchain ecosystem where data can move flexibly between multiple blockchain networks. 2️⃣ DECENTRALIZED GOVERNANCE: 🔹️ Governance in NEAR Protocol is community-driven, allowing community members to influence decisions on funding, budgeting, policies, and plans. 🔸️ This governance system operates through a voting mechanism, where users can elect "OGs" to represent them in decision-making bodies. 🔹️ To participate in voting, users must prove their humanity and mint the I-Am-Human Soul Bound Token (SBT). 🔸 These elected OGs, serve as representatives in the NEAR Digital Collective (NDC), ensuring that the community has a voice in shaping the ecosystem's direction. A perfect blockchain for the community. These are more reasons to choose near. 📝 INTERACTIVE TASKS 🔹️ The interactive tasks are part of the NEKO creative economy, where some members of the community with the NMS OG role were given the responsibilities to create content around the NEKO Morning show from the live recorded show. 🔸 This responsibility comes in either writing a well-detailed TLDR thread about the show or creating some clean-cut short video on the show. 🔹️ This content after being reviewed by the NMS team, the creators can go ahead to claim a bounty for it in the HEROES platform. 🗳 HOW TO BE A NMS OG 🔸️ It requires one to be a very active supporter of NEKO and also the NMS(being present on the show, creating content for NMS). Anyone who fits into this category is qualified to be nominated by the NMS OG. After which open voting will be done to select the OG. 📍 NDC NFT 🔹️ The convener of the NDC meme @polosukhin666 launched an NFT with the description "a bunch of baddies coming from Uranus", this got minted out within 3 minutes. 🔸 This NFT called NDC Baddies consists of 666 unique collections. The floor price of 14.5N as of the 9th of February, 2024. 🔹 This got the community talking as many people missed the minting and proceeded to buy in the secondary market. NFA 💰 THE CONTENT CREATOR FUND 🔸️ NEKO applied for a funding proposal from the Marketing DAO(MDAO) to help run the show. With the sole aim to help expand education about NearProtocol and also bring mass adoption to the chain. 🔹️ The fund, when approved goes mainly into running the shows(the shows run live on various channels from YouTube to Kick, TikTok, Facebook, Twitch, Spotify, and Twitter) and paying the content creators. 🔸️ Why is NEKO not paying the creators and running the show from its purse? This can give an intention that the creators are dumping the token whenever they need to sell to get the show running. Written by Femi Catch up with the Neko Morning Show every Tuesday and Thursday by 8:00 AM UTC for yet another alpha on the NEAR Ecosystem and WEB3 and also don't forget to engage with our post on all our socials.🔥🔥