Game-fi is a major on-ramp for initiating new users into the web3 ecosystem. NEAR is leading the way by providing game-fi developers with the platform they need to create. Game-fi refers to any game that is built on the blockchain. This allows for new functionalities where coins you earn can be transferred between games and into real-world assets.
NEAR protocol provides game-fi developers a network with lower hardware requirements, that is scalable for mass adoption, through its sharding mechanism, Nightshade.
NEAR protocol fosters stake farming which allows projects to partner with validators to offer more than one token to delegators in securing the network.
NEAR protocol is a smart contract enabled, layer 1 blockchain that is a competitor to the Ethereum network.
NEAR uses the process of sharding, which splits the network into fragments known as shards, allowing each node to handle a portion of the network’s code.
What sets NEAR apart is its sharding process called Nightshade. Nightshade uses state sharding by breaking the underlying blockchain into shards, which divides the processing power and storage required. NEAR is able to scale effectively and achieve close to 100,000 transactions per second.