NEAR Jumps on New Roadmap; Reddit Releases New NFT Collection

Daily Top Mover  — NEAR Protocol (NEAR)

U.S. equities jumped at market open following favorable CPI print, but have since fallen. The broader cryptocurrency was mixed, with Bitcoin down by 0.34% and Ether up by 1.03%, respectively, in the past 24 hours. In other market news, the much anticipated Ethereum Shapella upgrade has successfully been completed, a likely contributor to the ETH pump.

The top mover for today is NEAR, which outperformed the market following its roadmap update. The team behind the protocol recently summarised their accomplishments in 2023Q1, showcasing that new protocol upgrades have been shipped regardless of whether the market is in the bull or bear. What really excites the market is the introduction of the Account Extension feature, which is an upgraded concept of Account Abstraction, which features the recovery of one's wallet even after losing its private keys. The team boasts of its ability to stay ahead of competitors to bring long-waited Account Abstraction to Web3 users.

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Talk of the Town

Reddit taps 100 artists to drop yet another NFT collection. After a blockbuster release of NFTs on Polygon last year, the time has proven that Reddit’s NFT ambition has successfully boosted its user loyalty. As such, Reddit has expanded its NFT initiatives this time, cooperating with over 100 artists to release a new NFT collection called Gen 3. Reddit is one of the most successful web2 platforms in integrating web3 elements into their offerings, with competitors such as Meta scraping its NFT initiative months after launch.

Check out what else is buzzing in the crypto scene today:

Montenegro Teams Up with Ripple to Explore National Digital Currency. (Link)

Hong Kong’s ZA Bank wants to be the go-to bank for crypto startups. (Link)