NEAR Launches Chain Signatures to Enable Easier Multichain DeFi Through Chain Abstraction

• NEAR launches new chain signatures feature allowing multichain transactions from one NEAR account

• Works by allowing developers to build DeFi products using assets from other chains without needing to bridge assets

• Part of NEAR's "chain abstraction" initiative to simplify hurdles in a multichain environment

• NEAR joined by Eigenlayer as a launch partner, a restaking project built on Ethereum

• NEAR token has risen sharply in recent months, up 7x since October including doubling in one week