🎙Neko Morning Show Season 7 Episode 6 recap 🔹️ Hosts: Soos & Nono 📌 TOPIC: NEAR PROTOCOL 🔵 NEAR PROTOCOL: is a decentralized application platform that aims to make blockchain technology more accessible and user-friendly. It uses a proof-of-stake consensus mechanism called "Nightshade" and is designed to enable scalable and cost-effective decentralized applications (dApps). 🟠Near Protocol focuses on providing developers with tools and infrastructure to build and deploy dApps easily. It aims to address issues like high transaction fees and slow confirmation times associated with other blockchain networks. 🔰QUICK MARKET UPDATES 📈 🔸️The Crypto market is still bullish and we saw #BTC consolidating between $50k-$53k region and currently at $51,800 and ETH at $2950 at the time of the show. 🔹️$NEAR is currently trading at $3.23 per one and $NEKO at $0.00020. 🔸️ BITCOIN dominance at 53.10% and ETHEREUM at 18.16% as of 8:00 am UTC, 22nd of February 2024. ⛓️ CHAIN ABSTRACTION 🔹️Chain Abstraction is a concept aimed at hiding or making the blockchain or technical details invisible when interacting with web3 applications. The idea is to simplify the user experience and aggregate multiple account management into one without the user worrying about what is happening in the backend. 🐾GRASSROOT DAO🌱 🔸️Grassroot DAO is a community that funds activities that are crucial to the NEAR community. The Neko Morning Show was founded once by the Grassroot DAO. ✨ HOW HAS GRASSROOT DAO BENEFITED THE NEAR COMMUNITY? 🔸️ Grassroot DAO helps to break down work for the Marketing DAO (MDAO) because they're funded directly by the NEAR FOUNDATION themselves which helps to lessen the strain on MDAO a bit in terms of funding. 🔸️At the initial stage, The Neko Morning Show didn't get funded and if you watch closely you will figure out the difference in the settings📐 NOW and THEN. 🍲 POTLOCK CREATIVES 🔸️Potlock is one of the Dapps on NEAR PROTOCOL and the First public goods funding platform built on NEAR. One can register their project which is built on NEAR on potlock and get some donations for it. 🔵 AIRDROPS ON NEAR 🪂 ⭐ DAPDAP: 🔸️DapDap is the ultimate gateway into Ethereum L2s, It supports over 150 Dapps and about 15 chains. With this, users can explore DeFi, bridging, swapping, and possibly farm airdrops. DapDap currently has a referral program that's Ongoing where you invite a friend with a unique code and both users earn points. ⭐ HERE WALLET 🔥 HOT TOKEN: 🔹️The hot mining is still ongoing and we just witnessed an insane 20,000 lootboxes Claimed by hot miners. The boxes were categorized into three; ▪️14,000 loot boxes redeemed with 0.1 hot token each. ▪️5,000 loot boxes redeemed with 1 hot token each. ▪️1000 loot boxes redeemed with 5 hot tokens each. ⭐ METEOR WALLET $MOON TOKENS: 🔸️The minting of “UNION CONTRACT" Sharddog NFTs which qualifies users for the $moon drop is close to completion. The Meteor team is working to sort out users who filled out forms relating to difficulties encountered in minting the Union NFTs. For more information about the $moon token, adhere to join meteor wallet on telegram to keep up with the latest updates. Written By Fandix Catch up with the Neko Morning Show every Tuesday and Thursday at 8:00 AM UTC for yet another alpha on the NEAR Ecosystem and WEB3.