NEAR Foundation Awards Grant to NFT Marketplace Few and Far
Dîrok: 11.03.2024
The Near Foundation's first major announcement at NearCon 2022 in Lisbon concerns a grant awarded to Few and Far, an NFT marketplace running on the Near Protocol blockchain. While Few and Far's whitepaper is still in the early stages and lacks extensive details, CryptoChipy believes this new partnership could enhance the popularity of the Near Protocol token in the NFT market, which is currently dominated by Ethereum and Solana. The partnership will be formally introduced later today at NearCon in Lisbon, where CryptoChipy will be present for the event.

Leading Brands to Launch NFTs on Few and Far

In the coming months, the only NFT platform based on Near will onboard a variety of top brands and major Web2 intellectual properties into Web3.

Few and Far will also collaborate with The Vision Group, a team dedicated to driving NFT growth within the Near ecosystem. Together, they will focus on NFT smart contract standardization, ensuring liquidity, and developing blockchain indexing solutions to enhance NFT transaction speed. The collaboration with The Vision Group will support a joint go-to-market strategy designed to attract new communities and businesses to the Near blockchain, especially with the upcoming launch of Few and Far’s second version.

“We are excited to support Few and Far’s mission to provide seamless NFT minting solutions and an easy-to-use marketplace for the NEAR ecosystem and beyond,” said Robbie Lim, General Manager of Partners & International at NEAR. He believes that the Near Foundation is embracing the digital asset revolution and the importance of establishing the groundwork for Web3 gaming and the metaverse economy.

Fees Lower Than Ethereum’s Blockchain

One of the most significant complaints about OpenSea, the leading NFT marketplace, is the high gas fees on Ethereum, which can exceed $20 in some cases. On Few and Far, users can expect to pay 38% lower gas fees and overall transaction fees compared to the Ethereum network. The Near Protocol already handles 100,000 transactions per second, a figure Ethereum is projected to reach starting next Monday, provided the merge goes smoothly.

Building a next-generation NFT marketplace will enable more users and creators to engage with Web3, thanks to a premier user experience, lower transfer fees, and faster transactions.

Converting ETH-assets to Near NFT Assets

The co-founder of Few and Far, Chris Gale, resides in Los Angeles and previously ran Metaedge Ventures before transitioning to focus solely on Few and Far in March 2022. He is committed to allowing users to easily convert their Ethereum assets into Near NFTs. “Soon, accessing NEAR NFTs will be just a few clicks away on our marketplace. Additionally, integrating fiat on-and-off ramps into our app will allow people to purchase NFTs using just a credit card,” said Chris Gale to CryptoChipy Limited.

Through strategic partnerships, competitive fees, and a user-friendly platform, Few and Far aims to capture market share from established platforms such as OpenSea, Rarible, Known Origin, Solanart, and SuperRare in the near future.

Dixwazin bêtir fêr bibin? Follow Near and Few on Twitter and Instagram to keep up with their latest NFT collections. Who knows—there might be a new bored dog or something exciting in the works!

update: Here is a clip from the first day at NearCon 2022.