NEAR Protocol said on Oct. 6 that MyNearWallet, a non-custodial wallet in the NEAR ecosystem, will cease operations on Oct. 31. Users are being asked to move to another wallet or a different access method before the service goes offline. NEAR said the shutdown does not affect users’ on-chain assets because those assets are stored on-chain rather than held in custody by MyNearWallet. The protocol also advised users to run a small test transaction before completing a migration and to keep their original wallet recovery information until they have confirmed that all balances have been transferred. According to the announcement, MyNearWallet will gradually shift toward migration and recovery functions going forward.
NEAR Protocol said on Oct. 6 that MyNearWallet, a non-custodial wallet in the NEAR ecosystem, will stop operating on Oct. 31, and users need to migrate to a new wallet or another access method.
NEAR said users’ assets remain stored on-chain and are not held in custody by MyNearWallet, meaning the wallet’s retirement will not affect the assets themselves.
The protocol advised users to carry out a small test before migrating and to keep their original wallet recovery information until they have confirmed that all balances have been moved. MyNearWallet will gradually transition to migration and recovery functions afterward.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
