Mobility continues in the altcoin sector this week. New partnerships, innovative solutions and funds reveal the excitement and development in this field. In this article, we will share with you the latest developments, from the software updates partnership between Deutsche Telekom and NEAR to Theta Network’s cloud integration with AWS, from Astar’s token burning proposal to Animoca Brands and EVG’s Web3 collaboration.
Deutsche Telekom and NEAR cooperate for next-generation software updates
Partnerships in the cryptocurrency industry continue unabated. Finally, T-Systems, a subsidiary of German telecom giant Deutsche Telekom, and Aurora Labs, the developer of the NEAR protocol, announced a partnership on next-generation software updates. Under this partnership, Aurora Labs’ proprietary software update technology will be combined with T-Systems’ wireless platform. In this way, manufacturers will be able to optimize time to market and total cost of ownership for software-defined vehicles, allowing every device in the vehicle to be updated anywhere, at any time of the day, even on the move.
Altcoin Theta Network partners with AWS
Theta Network announced a new partnership with Amazon Web Services (AWS). Thanks to this partnership, Theta will make its edge nodes more efficient and scalable using AWS infrastructure. In this way, users will be able to increase network performance and enable data processing with low latency. In addition, Theta will be able to better manage data processing and storage needs with the services offered by AWS. This integration aims to support edge computing and IoT solutions in various industrial applications.
Astar Foundation votes to burn 350 million altcoins
Astar Foundation has made a significant attempt to burn the parachain auction reserve. The foundation offered to burn 350 million ASTR tokens worth more than $31 million. This offer caused a sudden increase in the token price.
Animoca Brands and Everest Ventures Group strengthen collaboration to improve web3 experience
Animoca Brands announced that it has strengthened its partnership through investment with Web3 venture capital firm Everest Ventures Group (EVG). As part of this collaboration, Animoca Brands will support various consumer products that EVG will launch in 2024. These products include products such as OpenSocial Protocol and Zeek.
Gitcoin and Sei Foundation support creators with Sei Creator Fund
Gitcoin and the Sei Foundation announced the launch of the Sei Creator Fund, a $10 million creator fund to support the creation of new projects on the Sei chain and the development of existing NFT and social projects. The first round, the “Kick Off Round,” opened June 4 and provided $250,000 in matching funds. These developments show that the cryptocurrency ecosystem is rapidly growing and developing. New partnerships, innovative solutions and funds contribute to wider adoption of cryptocurrency and its use in different sectors.
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