{"id":451382,"date":"2022-05-23T10:00:00","date_gmt":"2022-05-23T07:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/near-protocol-picks-up-slack-onboards-tracer-following-terras-downfall\/"},"modified":"2022-05-23T10:00:00","modified_gmt":"2022-05-23T07:00:00","slug":"near-protocol-picks-up-slack-onboards-tracer-following-terras-downfall","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/near-protocol-picks-up-slack-onboards-tracer-following-terras-downfall\/","title":{"rendered":"# Near Protocol picks up slack, onboards Tracer following Terra&#8217;s downfall"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a357b0de13d6\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a357b0de13d6\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/near-protocol-picks-up-slack-onboards-tracer-following-terras-downfall\/#%E2%80%9D_Near_Protocol_picks_up_slack_onboards_Tracer_following_Terras_downfall_%E2%80%9C\" >&#8221; Near Protocol picks up slack, onboards Tracer following Terra&#8217;s downfall &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Near_Protocol_picks_up_slack_onboards_Tracer_following_Terras_downfall_%E2%80%9C\"><\/span>&#8221; Near Protocol picks up slack, onboards Tracer following Terra&#8217;s downfall &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvZmFmZjg0ZTAtOThmNS00YTE4LThmNTAtN2M4NWVlOTYwZjY4LmpwZWc=.jpeg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>For many Level 1 crypto projects, returning to normalcy from Terra\u2019s death spiral meant a complete migration to a different ecosystem. But how does one make the right move, especially after knowing the unfortunate fate of their initial platform of choice?<\/p>\n<p>In the case of Tracer, a Web3 fitness and lifestyle <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>, moving away from the Terra (LUNA) ecosystem for survival was just one piece of the puzzle. Choosing a new host to build on requires more than checking the technical compatibility with the blockchain ecosystems. <\/p>\n<p>As explained by Near Foundation\u2019s (NEAR) Nicky Chalabi, projects like Tracer seek alignment with the ecosystem\u2019s core values that can support the company\u2019s roadmap in time to come. Tracer\u2019s decision to completely migrate over to Near Protocol complements the various other crypto projects that have recently shifted over to Binance\u2019s BNB Chain (BNB) and Polygon Studios. <\/p>\n<p>Speaking to Cointelegraph about the decision-making process behind a total migration, Chalabi suggested:<\/p>\n<blockquote><p>\u201cProjects must watch the interests of their community and users because, in the end, that\u2019s the most valuable thing you have.\u201d<\/p><\/blockquote>\n<p>Coincidently, Tracer and Near used the same programming language for building smart contracts, which further eased the migrating process. However, Chalabi echoed the sentiments of the crypto community by stressing the fact that Terra\u2019s downfall was a loss for the entire community:<\/p>\n<blockquote><p>\u201cWe\u2019re really trying to help. It\u2019s not our goal to take advantage of this situation. You\u2019ve [projects] have lost your [their] home.\u201d<\/p><\/blockquote>\n<p>The sudden collapse of major ecosystems negatively impacts the trust and credibility of projects as investors tend to make unrecoverable losses in the process. As damage control, Near allocates resources to understand the project\u2019s needs, work with the projects, and im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely address any issues. <\/p>\n<p>Other ecosystems, too, have taken a similar approach in easing the transition for the recently displaced projects. As Cointelegraph reported, BNB Chain is also committed to investing and supporting projects that intend to migrate away from the Terra ecosystem.<\/p>\n<p>In concluding the discussion,\u00a0Chalabi advised the recently displaced projects to migrate to blockchains based on the interests of their users and communities instead of choosing platforms for short-term monetary gains, stating &#8220;That can actually define your success.&#8221;<\/p>\n<p><strong>Related:\u00a0<em>Aurora launches $90M fund to finance DeFi apps on Near Protocol<\/em><\/strong><\/p>\n<p>Aurora, an Ethereum Virtual Machine (EVM) designed to scale decentralized applications (DApps) built on the Near protocol, recently launched a token fund worth $90 million.\u00a0<\/p>\n<p>As Cointelegraph reported,\u00a0Aurora Labs allocated\u00a025 million AURORA tokens,\u00a0valued at roughly $90 million, from the DAO treasury to fund the initiative.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/near-protocol-picks-up-slack-onboards-tracer-following-terra-s-downfall\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Near Protocol picks up slack, onboards Tracer following Terra&#8217;s downfall &#8220; For many Level 1 crypto projects, returning to normalcy from Terra\u2019s death spiral meant a complete migration to a different ecosystem. But how does one make the right move, especially after knowing the unfortunate fate of their initial platform of choice? In the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":451383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvZmFmZjg0ZTAtOThmNS00YTE4LThmNTAtN2M4NWVlOTYwZjY4LmpwZWc=.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,87345,127130,75434,122378,74355,117,7058],"class_list":["post-451382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-ecosystem","tag-near-protocol","tag-smart-contracts","tag-terra","tag-adoption","tag-business","tag-community"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/451382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=451382"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/451382\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/451383"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=451382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=451382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=451382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}