PANews reported on March 11 that according to The Block, Nuffle Labs, an independent entity derived from the NEAR Foundation, has been renamed MoreMarkets and transformed to create a comprehensive liquidity market. MoreMarkets aims to create income opportunities for XRP, DOGE and other non-EVM tokens on different DEXs without leaving their original networks. The company is developing a DeFi stack that combines deposit vaults, cross-chain messaging and yield aggregation to help these assets provide liquidity for DEX and other active DeFi chains. MoreMarkets plans to launch its mainnet beta 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 NEAR's data availability layer and NEAR's fast finalization layer. In June 2024, MoreMarkets received $13 million in strategic financing.