NEAR Protocol said MyNearWallet, a non-custodial wallet in the NEAR ecosystem, will stop operating on Oct. 31, and users should move to a new wallet or another access method before that date. The protocol said user assets remain on-chain and are not held by MyNearWallet, meaning the wallet’s retirement does not affect the assets themselves. NEAR also urged users to run a small test transaction before completing a migration and to keep their wallet recovery information until they have confirmed that all balances have been moved. According to the announcement, MyNearWallet will gradually shift its role toward migration and recovery functions afterward.
According to Odaily, NEAR Protocol said MyNearWallet, a non-custodial wallet in the NEAR ecosystem, will cease operations on Oct. 31. Users are being asked to migrate to a new wallet or use another access method.
NEAR Protocol said user assets remain stored on-chain and are not custodied by MyNearWallet, so the wallet’s shutdown will not affect the assets themselves.
The protocol advised users to make a small test transaction before migrating and to keep their original wallet recovery information until all balances have been confirmed as transferred. MyNearWallet will gradually transition toward migration and recovery functions, according to the notice.
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