The NEAR Foundation releases "NEAR DA" to provide efficient data availability services for Ethereum and its L2 network

The NEAR Foundation announced the launch of a new project called "NEAR DA", which aims to provide an alternative venue for Ethereum and its L2 network to handle rapidly growing data volumes. The data publishing cost of NEAR DA may be 8000 times lower than that of Ethereum, providing immediate benefits for Web3 founders exploring modular blockchain development. Early users of NEAR DA include Starknet's Madara, Caldera, and Movement Labs. This news was announced at the annual Nearcon conference on Wednesday.