Meta Pool, the leading liquid staking protocol on NEAR Protocol, has made a significant announcement regarding the expansion of its validator network. In collaboration with OpenMesh and supported by the NEAR Foundation, Meta Pool has successfully added 60 new validator nodes to the network through its innovative Node Studio platform.
This strategic move towards decentralization aims to bring Web3 infrastructure closer to more communities. The founder of Meta Pool, who also plays a key role in the NEAR ecosystem, emphasized the importance of this development. With Node Studio, individuals and institutions can now easily become validators without facing technical barriers.
In addition to the expansion of the validator network, Meta Pool’s governance token, $mpDAO, has experienced a remarkable surge of approximately 60% in value over the past month. This growth can be attributed to new proposals such as the mpIP for buybacks, the increase in validator nodes, and growing interest from institutional investors in the protocol.
However, amidst these positive developments, controversy has arisen with the launch of an LST token on NEAR by MoonPay, using the same ticker as Meta Pool. This move has sparked confusion and debate within the Web3 community, with some speculating about possible copycat behavior.
Despite this controversy, Meta Pool remains committed to its mission of fostering an open, decentralized, and transparent Web3 ecosystem. The launch of 60 new nodes through Node Studio signifies a significant step towards greater decentralization of NEAR Protocol, solidifying Meta Pool’s position as a key player within the ecosystem.
The continued growth of $mpDAO and the increasing participation of institutional investors further demonstrate the protocol’s strength and relevance in the Web3 space. Meta Pool is dedicated to building a blockchain infrastructure that is open, transparent, and inclusive for all users.
In conclusion, Meta Pool’s recent achievements reflect its dedication to advancing the NEAR ecosystem and promoting decentralized governance. Despite challenges and controversies, the protocol remains focused on driving innovation and building a sustainable future for Web3.