Docs Category: 5.primitives

Oracles

Login with NEARBlockchain Oracles serve as intermediaries that connect smart contracts with external (off-chain) data. Example: Price Feeds: Real-time pricing for cryptocurrencies, stocks, or commodities. Event Information: Updates on real-world events like sports results or weather conditions. API Access: Connections to external web services and systems. info Oracles, being external third-party services, require careful consideration …

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What are Primitives?

Login with NEARPrimitives are fundamental building blocks that can be combined to create a fully functional application. Blockchain primitives include Fungible Tokens (FT), Non Fungible Tokens (NFT), Decentralized Autonomous organizations (DAO), Link Drops and more. Fungible Tokens (FT) Fungible tokens represent an asset on a blockchain that is interchangeable. Besides the native NEAR token, users …

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Linkdrops

Login with NEARLinkdrops allow users to distribute assets and onboard people to Web3 apps through a simple web link. They work by storing assets and linking AccessKeys to them. The AccessKeys are then distributed to users in the form of web links. These links take users to a website that automatically uses the keys to …

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Non-Fungible Tokens (NFT)

Login with NEARIn contrast with fungible tokens, non-fungible tokens (NFT) are unitary and therefore unique. This makes NFTs ideal to represent ownership of assets such as a piece of digital content, or a ticket for an event. As with fungible tokens, NFTs are not stored in the user’s wallet, instead, each NFT lives in a …

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Decentralized Exchanges (DEX)

Login with NEARA Decentralized Exchange (DEX) is an application that allows users to trade tokens (native & fungible tokens) through smart contracts. In brief, DEXs work by having pools of token pairs (e.g. NEAR-USDC) that users can deposit tokens into. The ratio of the tokens in the pool determines the exchange rate for a swap. …

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Fungible Tokens (FT)

Login with NEARBesides the native NEAR token, NEAR accounts have access to a multitude of tokens to use throughout the ecosystem. Moreover, it is even possible for users to create their own fungible tokens. In contrast with the NEAR native token, fungible token (FT) are not stored in the user’s account. In fact, each FT …

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