The world of blockchain technology is brimming with exciting developments. This week brings news about strategic partnerships, expanding ecosystems and innovative applications. Important developments include items such as the FET coin partnership and Ripple’s partnership in Egypt. Here are the details…
There are critical developments for FET coin and those cryptos
Ripple is making waves in Egypt
Global blockchain solutions provider Ripple has partnered with Egypt’s leading bank, Commercial International Bank (CIB). This marks a major milestone for Ripple, following its recent efforts to expand its reach into the emerging Egyptian market and strengthen its US presence. Industry experts predict that this partnership will revolutionize cross-border payments in Egypt and leverage Ripple’s technology for greater efficiency and cost-effectiveness. This move not only positions CIB as a leader in adopting innovative solutions, but also paves the way for wider adoption of XRP in the country.
Backpack and Wormhole become partners
Solana-based wallet Backpack and blockchain bridge Wormhole join forces, allowing users to seamlessly exchange tokens between Solana and Ethereum networks. This integration improves Backpack’s user experience, making it a more comprehensive crypto management solution. It also marks a significant step towards interoperability within the blockchain ecosystem, allowing users to effortlessly move assets between different chains.
Investing in Crystal Fun from KuCoin
Leading crypto investment company KuCoin Ventures announced a strategic investment in Crystal Fun, a leading Web3 gaming studio. With an experienced team from well-known gaming companies, Crystal Fun is building a large-scale Web3 gaming ecosystem with games like “OUTER” being prepared for launch. This investment underlines the growing potential of blockchain-based games and demonstrates KuCoin’s commitment to supporting innovative projects in this field.
Web3 gaming platform and studio Crystal Fun has successfully raised $5 million in seed funding from a consortium of renowned investors. This funding increase will accelerate the development and operation of upcoming games including “OUTER,” “Endless War,” “StarFall” and “Survivor.” Additionally, Crystal Fun launched the second closed beta test of “OUTER” this week, focusing on game balance and providing players with a seamless experience.
FET coin joins Deutsche Telekom
Global telecommunications giant Deutsche Telekom has become the first corporate partner of the Fetch.ai Foundation, a non-profit organization developing artificial intelligence and Web3 technology. This collaboration involves MMS, a subsidiary of Deutsche Telekom, strengthening its decentralized infrastructure by acting as a validator in the Fetch.ai network. This partnership signifies growing corporate interest in decentralized AI and its potential to revolutionize various industries.
SAND and Forbes partnership attracted attention
Forbes, one of the leading names in the finance world, stepped into the metaverse universe in 2022 and chose the popular cryptocurrency The Sandbox for this move. Forbes has taken a new step towards making its presence in the metaverse permanent. announced that it has purchased a permanent land in The Sandbox metaverse.
With this acquisition, Forbes aims to connect and engage with its followers in a new way by creating a virtual office, conference room and other interactive spaces in the metaverse. This move by Forbes can be interpreted as an indication that the metaverse is increasingly adopted by the financial world.
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