Bitcoin, the world’s first and largest market cap blockchain, was created as a decentralized ledger, a database first and foremost for transaction data. Ethereum took the concept further by offering smart contracts and decentralized applications stored on-chain as executable code, enabling the rise of decentralized finance services.
The NEAR protocol is the next generation, fast and high-throughput infrastructure for decentralized ecosystems, where any data asset can be programmable and creators can use a robust development toolset to create the open economy of the future.
GK8 is a blockchain cyber security company that provides a complete platform for financial institutions to manage their own blockchain-based assets. Its solutions include the world’s first true air-gapped cold vault that enables its customers to create, sign and send secure blockchain transactions without internet connectivity as well as the highly scalable MPC Warm Vault. GK8 now updates its institutional-grade digital asset management platform with NEAR protocol support,
The integration expands the versatility of GK8’s regulation-ready custody platform, an end-to-end solution that includes the only true cold vault on the market with a high-scalability MPC wallet for high-frequency transactions.
With the integration, GK8 customers will be able to; Manage your assets on the NEAR protocol, including its native token $NEAR and tokens issued by projects built on its blockchain, stake your $NEAR token natively, participate in a proof-of-stake consensus mechanism and earn rewards for maintaining the network. Ongoing, and tapping into its diverse network of DeFi services and projects, the NEAR protocol is accessing smart contracts.
“The future of finance is on-chain, powered by decentralized networks such as the NEAR protocol,” says Lior Lamesh, CEO and co-founder of GK8. “We are thrilled to bring our users into a rapidly growing near-industrial ecosystem, while giving our users access to one of the most innovative tech platforms in the region.”
With the latest update, GK8 integrates its regulation-ready self-custody platform with the NEAR protocol ecosystem. With the integration, GK8 users will be able to access smart contracts built on the NEAR blockchain from its custodial platform and build decentralized applications of any complexity to run across its network.
“Security is one of the key prerequisites for the long-term growth of the blockchain space,” says Marieke Flament, CEO of the NEAR Foundation, which oversees the development of the NEAR protocol. “GK8’s solution provides a secure and reliable infrastructure for all NEAR ecosystem participants to power their innovations and help Web3 achieve mass adoption.”
In addition to NEAR, GK8’s solution also includes general support for all Ethereum Virtual Machine-compatible layer-1 blockchains and instant access to all layer-2 smart contracts on supported chains. The platform has an arrangement with AON for customers to have quick and seamless access to insurance of up to $750 million per vault, which is the largest in the market today. It supports the tokenization of traditional assets and provides military-grade level security to its users without any harm to its functionality.