Announcing a new strategic partnership with NEAR Protocol, RiskSwap said that this collaboration would help both organizations explore new avenues of growth in the emerging ecosystem of blockchain technology. It is particularly important in the backdrop of the fast pace at which blockchain technology is emerging and evolving today. This has mandated companies in the blockchain segment to come together and participate collaboratively for the greater good of the entire blockchain industry. This partnership definitely will prove to be a milestone in the future for the scalability of the blockchain.
The association between RiskSwap and NEAR Protocol will manifest in the former using the latter’s blockchain to launch its derivatives-focused decentralized exchange platform. This new initiative will allow investors to trade derivatives on the decentralized exchange of RiskSwap and along with NEAR Protocol. Solana will also offer its blockchain services to RiskSwap in this project. NEAR Protocol will also extend a grant of $150,000 to RiskSwap in addition to providing blockchain support. NEAR Protocol will get its first project of derivatives trading in its kitty due to this partnership.
Experts and analysts in the domain of cryptocurrency and blockchain technology are quite optimistic about this partnership. This is primarily because this collaboration will help expand the scope of a decentralized exchange. Moreover, the segment of decentralized finance is also going to have its share of benefits with this particular feature of risk trading.
More importantly, the aspect of partnership and collaboration will inspire other players in the segment to come together and strike partnerships along the same lines. This, in turn, is expected to help the segments of Decentralized Exchange, Decentralized Finance, and Blockchain grow and flourish in the long term.