Near Protocol is launching the “Blockchain Operating System” (BOS), which aims to bring together activities in Web3 to enhance the user experience.
Near Illia Polosukhin co-founder shared at the ETHDenver conference that Near Protocol is prioritizing products that can be integrated and interoperable on a single platform, called Blockchain Operating System (BOS).
The founder said that BOS will act as an aggregate playground for Web3 activities such as crypto trading, NFT exhibition, and social networking. The place will be compatible with all blockchains, he added, and Near acts as the gateway. Currently BOS is supporting Near and EVM chains.
Today, we announce the next evolution for #Web3.
Near is the Blockchain Operating System. #NEARistheBOS
A new category that enables visionaries, builders, and believers to deliver on the promise of the Open Web.
— NEAR Protocol | Create Without Limits (@NEARProtocol) March 2, 2023
First, Near will launch Near Alpha, a Web3 social network that allows users to share and stay up to date with the latest crypto industry news.
With this innovation, Near Protocol hopes to solve some of the user experience problems in the Web3 space. Polosukhin said:
“As a user at this point, it’s hard to find a single place to access all of the Web3 apps, with no search mechanism or a way to navigate between them. Near’s operating system was made to solve them.”
The leader added:
“The user interface can be combined in one place that works with both Web2 and Web3 platforms and with any wallet. In the future, we will provide wallets from one chain to interact with another through a seamless connection.”
Near Protocol is ranking as the 35th largest blockchain, with a market capitalization of around $1.96 billion, according to Messari data. NEAR price trades at 2 USD at press time.
This move by Near is seen as moving away from its previous focus on building Layer-1 infrastructure, and starting to focus on users instead. 2022 is also a difficult year for the ecosystem, with important indicators such as TVL, users, etc. all declining.