The Bitcoin and altcoin market remains excited with partnerships and deals. The teams behind altcoins make various deals, increasing both their adoption and recognition. In addition, large companies continue to invest in this developing field. With these developments, there are positive changes in the price of some of them. cryptocoin.com In this article, we will be discussing the recent partnerships of various projects…
Goldfinch receives $25 million investment
Decentralized loan protocol Goldfinch raised $25 million in a Series A extension round led by Andreessen Horowitz (a16z), who led the protocol’s $11 million Series A round last June. Goldfinch serves as an open marketplace for unsecured loans using a decentralized loan underwriting process.
The Goldfinch protocol extends lines of credit to lending businesses that can withdraw stablecoins from the Goldfinch pool and then distribute the capital to borrowers. Goldfinch provides access to global capital but leaves the job of creating and servicing credit to the lending businesses. Goldfinch increased its loan volume from $250,000 a year ago to over $38 million. The protocol serves more than 200,000 people in 18 countries.
Moonbeam Network wraps up its launch in Polkadot on January 11
Having completed phase 2 of the launch process, Moonbeam Network plans to complete its launch to Polkadot by January 11, 2022. Moonbeam will follow the same launch process as Moonriver, modeled after the launch process of Kusama and Polkadot. It is designed to ensure the stability of the network while deployed. This process was expected to begin after auctions were completed for the first five parachain positions and a Moonbeam parachain position was secured. January 11 was set as the deadline.
🎉 Moonbeam’s launch to @Polkadot is planned to be completed by January 11, 2022, after completing phase 2 of its launch process 🎉
🔥 During this phase, 🔑 sudo (superuser key) will be removed, and ✨ EVM & ⚖️ Balance transfers will be enabled.
— Moonbeam Network (@MoonbeamNetwork) January 6, 2022
New partnership for popular altcoin Dogecoin
The Dogecoin Foundation has announced its plans to partner with Starlink to support DOGE transactions in remote regions. The project was proposed in a roadmap published by the Dogecoin Foundation. The research revealed that Starlink has the potential to force Dogecoin miners to scale transactions. According to the Dogecoin Foundation, the project that defines the partnership with Starlink is called RadioDoge, and more details will emerge as the project sits in place.
Aave came to the fore with its work on regulated space
Aave launches DeFi pool Aave Arc, targeting institutional investors and regulated financial institutions. At the time of the pool’s launch, 30 institutions will be participating, including Fireblocks’ whitelist broker and Celsius, CoinShares, and GSR. In a January 5 announcement, Aave described Arc as “a DeFi liquidity marketplace designed to be compliant with AML regulations and required to undergo Know Your Customer (KYC) verification by all participating institutions.”
Rooted altcoin Tezos takes esports step with new partnership
Weeks after announcing an NFT deal with major video game publisher Ubisoft, Proof-of-Stake blockchain network Tezos is now making its way into the esports industry. Tezos Foundation has announced a sponsorship agreement with Team Vitality, a leading European esports organization. The three-year deal will run through 2024, and Tezos will become Vitality’s “main partner” among other team sponsorships, including clothing brand Adidas and PC hardware manufacturer Corsair.
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