NEAR Partners With Shemaroo For Indian Media Market

The NEAR Protocol has partnered with Shemaroo Entertainment to promote Web3 adoption in the Indian media and entertainment market. NEAR x Shemaroo Comes To India Shemaroo Entertainment Limited, one of India's leading media conglomerates, has joined hands with the NEAR Foundation to promote the adoption of Web3 technology in the Indian media and entertainment industry.

Timeline of Near-protocol

The dollar has weakened, and risk assets trade inversely to the dollar. As the dollar loses strength, it becomes less appealing to investors, and this capital quickly finds its way into the digital asset space.

Nansen recently announced their partnership with NEAR protocol in order “to provide on-chain insights to their ecosystem.” The team says they are pleased to announce their collaboration with NEAR, “a growing Layer-1 blockchain, to provide advanced analytics for ecosystem developers and investors.

Cosmose AI, the Singapore-based company specializing in AI-driven in-store foot traffic analytics and customer engagement, has partnered with Near Protocol, a blockchain competitor to Ethereum, to develop a low-cost crypto payment system. The move aims to increase cryptocurrency adoption among the general public, as the innovative payment system offers considerable savings for buyers and sellers.

The cryptocurrency world constantly evolves, with practical use cases emerging in various industries. One such latest development involves Cosmose AI, a company specializing in AI-driven retail analytics, opting for Near's (NEAR) blockchain-based payment system over Stripe.

With the crypto market on an upswing, NEAR Protocol had a robust first quarter, with the circulating market cap of the native token NEAR rising 55% from the previous quarter to $1.67 billion at the end of Q1 2023, according to a Messari report. Comparatively, the global crypto market cap recorded a 46% increase.

NEAR could be another token to watch out for in 2023, given its price moves and network activity over the past three months. Messari's State of NEAR Q1 2023 report reveals the token and its protocol recorded impressive financial performance in the first quarter of 2023.

NEAR Price Prediction: The long-coming downtrend in Near protocol price has started turning sideways indicating the exhausted bearish momentum. The resulting consolidation revealed the formation of a famous chart pattern called a symmetrical triangle.

Matrixport, which claims to be one of the world's largest and trusted digital assets financial services ecosystems, announced that its institutional qualified custodian service, Cactus Custody, has integrated with NEAR Protocol, a Layer 1 blockchain ecosystem.

Near Protocol [NEAR], like a majority of the crypto-market, has been in a consolidation phase for the past few days. Interestingly, NEAR's price action dominated the lower range of $1.800 – $1.996.

Near Protocol, a sharded, proof-of-stake, layer-one blockchain, has announced that it is shifting to become what it calls a "Blockchain Operating System" or BOS. According to Near, this shift marks a significant turn to its focus on building user-centric experiences in the Web3 space.