August 25, 2020, 12:06PM EDT
• 9 min read

An overview of NEAR protocol’s Ethereum bridge

Quick Take

  • NEAR is a sharded blockchain project, which recently raised $21.6 million in a token sale led by a16z crypto and sold nearly $30 million in NEAR tokens to investors on Coinlist
  • In May 2020, NEAR protocol launched its mainnet’s Phase 0 — during which the chain is run by a permissioned set of validators
  • The ETH-NEAR Rainbow bridge will initially enable ERC20 token transfers between the Ethereum and NEAR blockchain

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