We’re so excited to announce that Cypherpunk Guild has awarded a 40k grant to Incognito for the deployment of NEAR <> Incognito bridge!
Thanks to this grant, NEAR users will soon have a right to use their assets with full anonymity, while Incognito persists in the mission of powering privacy to a variety of crypto assets and dApps (DeFi).
It’s the prime time for Privacy-minded builders to meet Privacy-minded advocates!
Benefits on end-users
As usual, our ultimate goal is to bring the highest level of privacy to the NEAR ecosystem via integration. Taking the same approach with the previous 13 bridges, once the Incognito <> NEAR bridge is deployed, users will be able to transfer and cross-chain trade their crypto assets seamlessly while their privacy is well preserved.
Shield NEAR assets to enter privacy mode.
Exchange NEAR assets to other blockchain - based assets quickly with low fees thanks to Unified pToken feature.
The Incognito team has already started working on the NEAR<>Incognito bridge which is expected to be deployed in July 2022. If the bridge succeeds in getting good traction from both communities, we will continue digging deeper into the cooperation by integrating with NEAR’s dApps.
Phase 1 of the integration will complete with the bridge deployment:
|Blockchain||By June 3, 2022.|
|Smart Contract||By June 15, 2022.|
- Application (mobile app)
|Back-end||By June 3, 2022.|
|Front-end||By June 3, 2022.|
|Demo||June 9, 2022.|
|Audit report||June 16 - July 15, 2022.|
|NEAR/ PRV pair liquidity||July 15, 2022.|
Official launch date: July 18, 2022.
About Cypherpunk Guild
The Cypherpunk Guild is a group of privacy-minded developers, marketers, and entrepreneurs, jointly collaborating to pioneer a future built around private transactions on NEAR Protocol and the larger crypto-verse. Led by two second-generation Cypherpunks, the Cypherpunk Guild supports the development of private applications on the Open Web, as a means of safeguarding user privacy and freedom.