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The NEAR Protocol is a scalable Layer 1 blockchain that provides a platform on which developers can build decentralized applications or DApps, similar to Ethereum. NEAR has been built with a focus on ease of use for both developers and their end users while still providing the scalability necessary to serve those users
Just as most centralized organizations use Amazon Web Services (AWS) as their base layer to build apps, NEAR is simply the decentralized version of AWS. Like AWS, the NEAR protocol facilitates a similar architecture to deploy code in the cloud without the need to create a base infrastructure.
NEAR is its native token used to pay transaction fees and facilitate storage on the NEAR platform.
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NEAR joins 100+ other globally renowned cryptocurrencies listed on CoinSwitch. We assess the project viability of each new addition to CoinSwitch to ensure that only the best of the best makes it here.
Are you as delighted with this new listing as we are? Then feel free to show us some love on social media!
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.
P.S: The information added here is from the same day but not in real-time. Hence, discrepancies in data are possible.
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Over the past couple of months, other Big Tech firms such as Alphabet, Apple, Microsoft and Uber have either paused hiring or started handing out pink slips to their employees to cut costs and maintain positive operating margins.
Their woes have been compounded by disappointing earnings, dwindling ad revenues and tapered guidance figures, which have led to a significant rout in their stock prices.
Here are some of the tech companies that have announced layoffs in the past few days.
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Earlier this year, it had sacked 60-odd employees and frozen hiring. “The announced reduction in force is a proactive step as part of the company's annual planning to ensure the company is set up to accelerate execution and deliver strong business results in Q4 of 2022 and in 2023,” Lyft said in a statement.
We were much too optimistic about the internet economy's near-term growth in 2022 and 2023 and underestimated both the likelihood and impact of a broader slowdown,” Stripe's founders said in an email.
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Opendoor: Real estate firm Opendoor will let go of about 550 people or 18% of its staff across all functions, its cofounder and CEO Eric Wu announced in a blog post on Wednesday. This comes on the back of peaking US mortgage rates and inflation, leading to decreased demand. “Prior to today, we scaled back our capacity by over 830
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positions – primarily by reducing third-party resourcing – and we eliminated millions in fixed expenses. We did not make the decision to downsize the team today lightly but did so to ensure we can accomplish our mission for years to come,” Wu wrote.
One of the largest fintech firms, Chime said it will sack 12% of its 1,300 workers. However, the company said it was still hiring for select positions and remained well capitalised. “The changes will help, but we also need to adjust the size of our organisation as we increase our focus and forge our path to profitability,” cofounder Chris Britt wrote in a memo.
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