The Bitcoin and altcoin world continues to see activity, with several major announcements shaking up the industry on April 30. Here are the latest developments…
Altcoin ELYSIA and DWF Labs join forces
RWA (Real World Asset) tokenization protocol ELYSIA announced a strategic partnership with DWF Labs. This collaboration aims to unlock new possibilities in the RWA market by developing innovative crypto asset solutions and promoting new business models. DWF Labs will provide significant support to ELYSIA’s expansion plans by offering expertise in marketing, business development, technical assistance and other relevant areas. This partnership marks a significant step forward for RWA tokenization, potentially streamlining the process of bringing real-world assets to the Blockchain and creating a more accessible and efficient market.
Chiliz, behind altcoin CHZ, announces Tokenomics 2.0
Chiliz Chain, the public chain that strengthens the participation of sports and entertainment enthusiasts, made a splash with the announcement of Tokenomics 2.0 by CEO Alexandre Dreyfus. The new economic model brings a more sustainable approach to the CHZ token, the native currency of the Chiliz ecosystem. CHZ’s inflation rate will be set at 8.8% for the first year and will gradually decrease over time.
Additionally, Chiliz Chain will implement a mechanism similar to Ethereum’s EIP-1559, where a portion of CHZ tokens used for transaction fees will be permanently burned. This deflationary approach is likely to be well received by CHZ holders, potentially increasing the long-term value of the token.
Ripple sets its sights on Japan
Leading blockchain company Ripple announced a strategic collaboration with leading Tokyo-based consulting firm HashKey DX. This partnership focuses on establishing and launching supply chain financial solutions built on XRP Ledger (XRPL) in the Japanese market. Ripple will benefit from its expertise in blockchain technology and payments.
On the other hand, HashKey DX will contribute to an in-depth understanding of the Japanese financial environment. The collaboration also includes SBI Holdings and SBI Ripple Asia, a joint venture between Ripple and SBI Holdings. This strategic alliance positions Ripple to gain a strong foothold in the Japanese market, a region known for its progressive stance in blockchain technology.
Animoca Brands announced its ambitious vision
Finally, Animoca Brands, the leading power in the Web3 gaming and NFT field, shared exciting news about the OPAL protocol project jointly established by Darewise and Animoca Brands. The project’s flagship, Opal Bitcoin (BLIF), is set to evolve into a comprehensive Web3 ecosystem spanning games, entertainment, Decentralized Finance (DeFi), education and cultural experiences. BLIF, the native token of the OPAL protocol, will serve as the backbone of this ecosystem and power its various functions.
Additionally, Animoca Brands announced that all future Bitcoin-related projects undertaken by the company will be developed in collaboration with Opal Bitcoin. This move expresses Animoca Brands’ commitment to developing a vibrant Web3 ecosystem centered on Bitcoin and highlights the growing potential of DeFi and NFTs to revolutionize the way we interact with crypto assets.
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