NEAR today announced it has joined Ledger Live, enabling users to send, receive and stake (powered by Figment) their NEAR tokens through the Ledger Live app. Ledger Live is an all-in-one digital asset management app enabling users to buy, sell, swap, stake & grow their digital assets, manage their NFTs and seamlessly access an ever-growing range of Web3 apps. This secure and convenient app allows users to explore the Web3 galaxy while preserving full ownership over their digital assets.
Staking offers holders of NEAR the ability to earn rewards for delegating their assets to help secure the protocol. The Ledger by Figment validator, accessible from Ledger Live, allows users to easily stake their digital assets without sacrificing self-custody or security. Users can delegate their NEAR to the Ledger by Figment validator and contribute to the protocol’s security and receive rewards in the form of NEAR.
“We are thrilled to help more people enjoy the benefits of self-custody, no matter what their level of crypto experience,” said Marieke Flament, CEO of the NEAR Foundation. “This new partnership will bring even easier and more secure access to cryptocurrency worldwide, as we remain committed to serving as the de facto entry point to Web3 – simplifying the onboarding experience for users even if they have never used crypto, tokens, keys, or wallets.”
Carl Anderson, VP B2C Engineering at Ledger, adds: “I’m pleased to see a crypto player like NEAR join the Ledger ecosystem. This integration highlights what Ledger Live really is: an all-in-one asset management platform where users can manage their digital assets, visualize their NFTs, and explore an ever-growing range of Web3 apps from the security of their hardware wallets.”
Ben Spiegelman, Head of Corporate Development at Figment goes on to say: “It’s our pleasure to keep working with Ledger to offer protocol staking. The NEAR community is now able to earn staking rewards, secure the network, and participate in NEAR network governance while keeping their tokens secure in Ledger’s self-custody solution.”
The architecture of the NEAR Protocol uses sharding to enable high transaction throughput, with the blockchain broken down into smaller chunks, reducing the burden and computational load on the network. Developers can quickly build and launch dApps through familiar programming languages and detailed documentation, while users can explore Web3 without cryptic addresses or constant confirmation requests.
The excitement continues to build around the potential of the NEAR blockchain. Unlike other networks, NEAR gives software developers easy access to create new crypto applications. The NEAR blockchain is also much faster than Ethereum, the world’s most-used blockchain. It acts as a bridge to other blockchains, allowing for the free flow of assets and communication between networks for the betterment of all.
NEAR is a high-performance blockchain built without limits. Designed to be super-fast, incredibly secure, and infinitely scalable, NEAR allows anyone to build at scale and deploy at pace. NEAR’s vision is to create a network that enables people to reimagine finance, creativity, and community in new and inclusive ways. With NEAR, blockchain mass adoption is possible. NEAR is built by an award-winning team of engineers and entrepreneurs to be simple to use, inclusive and good for the environment. NEAR is backed by top VCs such as A16Z, Pantera Capital, Electric Capital, Dragonfly Capital, Coinbase Ventures, Blockchain.com, and Baidu Ventures.
Founded in 2014, Ledger is the global platform for digital assets and web3. Over 20% of the world’s crypto assets are secured through Ledger Nanos. Headquartered in Paris and Vierzon, with offices in London, New-York, Singapore and Portland, Ledger has a team of more than 700 professionals developing a variety of products and services to enable individuals and companies to securely buy, store, swap and manage crypto assets – including the Ledger hardware wallets line with more than 5 million units already sold in more than 190 countries.
Figment is the world’s leading provider of blockchain infrastructure. Figment provides the most comprehensive staking solution for over 200+ institutional clients, including exchanges, wallets, foundations, custodians, and large token holders, to earn rewards on their crypto assets. These clients rely on Figment’s institutional staking service, including rewards optimization, rapid API development, rewards reporting, partner integrations, governance, and slashing protection. Figment is backed by industry experts, financial institutions, and our global team across twenty-three countries. This all leads to our mission to support the adoption, growth, and long-term success of the Web3 ecosystem. To learn more about Figment, please visit our website at figment.io