Near Foundation has partnered with Eigen Labs, which built the Ethereum reconstruction protocol Eigen Layer. The collaboration makes Ethereum rollups cheaper and faster. It also reduces liquidity fragmentation between Layer 2s. Meanwhile, Immutable has joined forces with Ubisoft’s Strategic Innovation Lab. These developments supported altcoin prices.
Near Foundation partners with Eigen Labs
According to the statement, the collaboration aims to create cheaper transactions for leading altcoin Ethereum rollups. Transactions will occur within three to four seconds when using low-latency cross rollup communication. Additionally, liquidity fragmentation among Tier 2s will be reduced. Regarding the issue, Near Foundation made the following statement:
For Eigen Layer, this collaboration will enable fast payment for cross-rounding transactions. It will also showcase the adoption of restaking within the Ethereum ecosystem and beyond. For Near, this collaboration will include the conversion of the Near-Ethereum Rainbow Bridge into an actively validated service (AVS). This will create a better bridge experience between Near and Ethereum. Transactions will be completed faster with stronger security guarantees and decentralization.
The development served as a catalyst for the altcoin price. With the influence of the positive atmosphere in the market, the NEAR price increased by approximately 5% on a daily basis.
This altcoin rises strongly after mega partnership
cryptokoin.comAs you’ve followed from , Immutable is not new to wild price swings. But this time, growth is based on joining forces with Ubisoft’s Strategic Innovation Lab. Although this partnership was announced recently, it has formed the basis of the persistent rally that the altcoin price has recorded so far. Immutable announced the partnership as follows and fixed it on account X:
Immutable, the leading web3 gaming platform, is joining forces with Ubisoft’s Strategic Innovation Lab to create a new gaming experience that will further benefit gamers through the power of web3.
Immutable (IMX) rose strongly during the day to $1.15. Thus, he expanded his gains in the market where positive atmosphere prevailed. Meanwhile, the bears are planning to push the price below the $1 support level. That’s why the altcoin is currently experiencing very strong volatility. This also attracts attention. This intense volatility has a positive impact on transaction volume, which increased by 258% to $361 million. According to data from CoinMarketCap, IMX increased by 53.91% in the last seven-day period. This increase is a continuation of the monthly accumulation, in which growth was approximately 100%.
Reportedly, the Ubisoft partnership will help the duo create a new gaming experience specifically dedicated to players in the Web3.0 ecosystem. Its developers built Immutable as a Blockchain to host innovative games. The altcoin project has a rich history of partnering with industry giants to expand its capabilities. With this partnership, it is possible for Immutable to consolidate its dominance as the dominant leader in the Web3.0 gaming space. Thus, it can ride more on Ubisoft’s wings.
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