The independent entity of NEAR Foundation, Nuffle Labs, has been renamed to MoreMarkets, dedicated to creating a comprehensive liquidity market

PANews reported on March 11, according to The Block, Nuffle Labs, an independent entity originating from the NEAR Foundation, has been renamed MoreMarkets and is transitioning to build a comprehensive liquidity market. MoreMarkets aims to create revenue opportunities for XRP, DOGE and other non-EVM tokens on different DEXs without leaving their original network. The company is developing a DeFi stack that combines deposit vaults, cross-chain messaging and yield aggregation to help these assets provide liquidity for DEXs and other active DeFi chains.

MoreMarkets plans to launch its mainnet test version on April 19. The NEAR Foundation is a non-profit organization dedicated to building the NEAR ecosystem. MoreMarkets (formerly known as Nuffle Labs) aims to develop products such as the data availability layer of NEAR and the fast termination layer of NEAR. In June 2024, MoreMarkets received $13 million in strategic financing.