TLDR: NEAR has a rare opportunity to put themselves at the Universe of Chains, by leveraging Rainbow Protocol to connect its novel governance, financial and fundraising infrastructure to all of crypto.
I want to keep this short so that the impact is felt most clearly.=L NEAR has a huge opportunity to position itself in the early development of the crypto landscape by building fully decentralized and permissionless bridges between other major and emerging ecosystems.
This move, much like the historical transition from mercantilism to liberalism, will position NEAR to become the ‘Commercial Center’ of DAOs, DeFi, and Fundraising across the Crypto-verse. It means that bridged ecosystems can use Sputnik DAOs for their management needs, projects can use Skyward and fundraise in their own bridged token (beyond ERC20), and Bluechip DeFi on NEAR like Ref.finance will be able to list tokens from across the crypto verse. Appchains on Octopus will also stand to benefit from direct bridging to Cosmos and Polkadot, as will Flux Oracles.
This is a strategic play that we estimate will take 12 to 20 months at the earliest to fully build out. It is a window of opportunity that is ripe for the taking and that (surprisingly) no other protocol (from what we can see) has seriously taken advantage of most likely becuase no other protocol has infrastructure like Sputnik or Skyward on top of it.
Bridges We Should Build (in nor particular order):
- Bitcoin
- Solana
- Polkadot / Kusama
- Cosmos
- Celo
- Binance Smart Chain
- Polygon
- Optimism / Arbitrum ?
Benefits:
DAO Positioning of Sputnik V2 (Calling Data and Moving Value with Bridges)
Launch Fundraising (Listing any Token on Skyward)
DeFi Token Accessibility / LPing / and Value
Fundraising for Venture DAOs from Across Crypto
Next Steps:
— Prioritize which Bridges Should be built first
— Identify Teams Able to Start Production Of These Bridges.
— Identify NEAR Support For These Teams to Ensure All Questions or Blockers Can Be Eased
— Develop Results Based Funding Plan For Each Bridge based on the roadmap put forward by each team.
— Fund each bridge through a Venture DAO like MOVE.capital
— Narrative control of this entire initiative (its kind of like crypto’s Belt and Road lol)
Lets do it !
