Demex Daily #279: NEAR and Socket Launch Chain Abstraction Framework for Seamless Web3

What’s Interesting Today:

NEAR and Socket have launched the Chain Abstraction Framework for Consumer Apps, a solution designed to simplify user interactions with blockchain technology. This framework eliminates the complexities of multiple wallets, gas fees, and fragmented assets, offering a seamless, Web2-like experience for Web3 apps. By enabling cross-chain functionality without the need for bridges or gas tokens, it allows developers to focus on user experience rather than infrastructure. With this framework, apps can operate across multiple chains effortlessly, unlocking new use cases like chain-abstracted wallets and DEXs.

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Google Cloud has become the main validator for the Cronos blockchain, enhancing its decentralization and security alongside other validators like Crypto.com and Blockdaemon. This partnership, expanding Google Cloud's commitment to Web3, aims to foster innovation and developer adoption on the Cronos network. Google Cloud will provide resources for building decentralized applications, leveraging its infrastructure, AI, and data analytics tools. This move reflects the increasing involvement of major technology firms in Web3, with Cronos Labs seeking to collaborate with more advanced contributors to drive open-source development and innovation.