Nexera and the Reimagination of Digital Assets
Nexera is an ecosystem of blockchain solutions that combines traditional finance with the emerging sector of digital assets to create what we call modern finance.
When we talk about modern finance, we can no longer talk about the latest happenings in the brick-and-mortar world of Wall Street. Now, we have to talk about digital assets as well. Modern finance is both — it’s not two separate silos or parallel economies, much less competing ones.
Crypto, DeFi, and Web3 promise the decentralization and opening of all finance, but that promise is empty without the right links between both worlds. However, the infrastructure and tools to make this happen are still in development.
The Purpose of Nexera
As an organization, Nexera is dedicated to creating new technological standards that advance interoperability among blockchains and between blockchains and legacy systems. This is the key to interconnected modern finance that extends the benefits of digital assets to the rest of the world.
The Web3 space that sustains DeFi at large is currently a fragmented ecosystem. Nexera’s efforts are towards unifying the space with assets that can simultaneously exist across chains.
Likewise, the necessary links between traditional finance and this space are still missing the adoption of standards that make sense for both. Nexera is developing technology that is able to express the complexity of existing financial instruments and products in a less fragmented and more expressive context for DeFi.
How Nexera Reimagines Digital Assets
The first step Nexera has taken to achieve this is the introduction of a new token standard that reimagines how digital assets work. ERC-7208 is the standardization of digital assets that can be represented on a blockchain in a stand-alone way outside of any specific application.
This is important because most digital assets exist as part of larger, more complex programs that are not always flexible, updateable, interoperable, or able to represent complex assets from the real world. In order for the right connection between both worlds to exist, digital assets need to exist as singular, independent on-chain objects.
What Nexera Does: Building Towards a Participatory Economy
Creating a new standard is only the first step. The adoption of such a standard is what really makes a difference in bringing its benefits and network effects.
Beyond the introduction of technology such as stand-alone digital assets, Nexera acts as an integrated support system for their continued development and adoption. This is what Nexera calls a participatory economy.
This participatory economy is a startup ecosystem where builders using the Nexera Stack can access funding and grants. On the other hand, in this economy, community members are rewarded for participating in that process. The approach is based on three pillars:
- Technology: Sharing open source tools and solutions that others can leverage and furthering the adoption of Nexera’s standards.
- Builders: Supporting developers by providing them with these open source tools, funding, advice, and everything they need to make their ideas a reality.
- Community: Strengthening an engaged community actively participating in these ecosystem projects and DAO processes.
In concrete terms, this means that Nexera’s day-to-day consists of overseeing grant programs that support the development of its technology and its builders. It also means it’s committed to Nexera DAO votes and processes through which the community speaks and engages with projects using Nexera’s standards.
The $NXRA Token
$NXRA is the utility token that undergirds Nexera’s participatory economy and serves various purposes in the ecosystem. The token is the medium the community uses to vote and participate in governance, acquired by builders to support their projects, and allocated to maintain and develop Nexera’s core technology. It can be used for:
- Exchange: Using NXRA will be necessary for fees, payments and transaction mechanisms in the ecosystem.
- Access: Staking NXRA unlocks exclusive access to features and opportunities in applications within Nexera.
- Governance: Holding NXRA enables participants to actively shape the future of Nexera via DAO voting processes.
- Reputation: The Nexera community counts with a reputation system based on staking its native token in exchange for rABLT.
Nexera’s Core Principles
All the work supported by Nexera and its infrastructure abides by a set of key principles. These are attached to its vision of creating a truly modern finance system where traditional finance and digital assets coexist. They are:
- Standardization: A focus on creating a unified ecosystem that makes the development and use of digital assets a more efficient and cohesive process.
- Composability: An offering of modular and flexible tools that can be used and reused by other builders as building blocks for their own projects.
- Interoperability: An emphasis on the development of multi-chain infrastructure that shares the benefits of Nexera technology with Web3 at large.
- Accessibility: A commitment to easy access to blockchain technology with user-friendly APIs, SDKs, and no-code tools that lower barriers to entry and costs.
- Security: A consistent monitoring and auditing of core technologies to ensure their robustness and protect users against potential threats.
The Nexera Ecosystem
So far, Nexera and its core technologies have supported the development of a growing ecosystem of Web3 applications. Many of these applications are essential components to its vision of advancing true modern finance.
At the core of Nexera’s work as a foundation, we have the Nexera DAO. However, when we move on to Nexera’s support for builders, the Nexera Protocol will provide the necessary infrastructure for the easy development of ERC-7208 applications.
Then we have an array of DeFi solutions that are building with Nexera, including:
- Evergon: An upcoming infrastructure solution for the tokenization of real-world assets.
- Nexera Exchange: An upcoming DEX based on Nexera's new standards for digital assets
- Nexera Terminal: A staking and liquidity provision platform for DeFi users.
- Nexera Interoperability Protocol: A CCIP for bridging assets into the Nexera ecosystem.
The ecosystem also includes projects working on new use cases that expand the capabilities of Web3:
- Brillion: A Web3 wallet for RWAs.
- NexeraID: A seamless KYC and AML compliance solution.
- Nuklai: A collaborative data ecosystem for next-gen AI and LLMs.
- Nuant: A risk management hub for crypto investments
A special ecosystem project that has been crucial to the development of Nexera’s participatory economy is Fundrs. This peer-to-peer fundraising platform has helped many builders get their ideas off the ground, thanks to the engaged community that has been fostered by Nexera.
Join the Nexera community on Discord or follow on X, Telegram, or LinkedIn.
About Nexera
Nexera is empowering the future of finance with cutting-edge open-source innovation. Nexera infrastructure seamlessly incorporates blockchain technology, facilitating on-chain and off-chain operations for simplified digital, financial, and real-world asset management.Nexera is focused on nurturing the broader ecosystem and DAO and enhancing the utility of the $NXRA token. It is committed to promoting community growth and driving innovation in the digital asset space, including the growth and development of current and future key ecosystem partners.
Learn more about Nexera by following them on X, joining the Telegram Community, or visiting their website.
