The 2 largest DeFi coin projects of the market announced their giant partners. New collaborations are opening up new avenues for crypto enthusiasts in passive income.
Devi Revolut announces new DeFi coin partner
Digital banking giant Revolut has partnered with 1inch to promote the DeFi-focused crypto “Learn and Earn” course. Developed by 1INCH, the course features three lessons to help users understand the basics of DeFi. These three courses focus on the three branches of DeFi, including how decentralized exchanges (DEX) work, how the 1inch’s “pathfinder algorithm” works, and the management of decentralized autonomous organizations (DAO).
Users will also have the opportunity to earn tokens just by completing their training. Rewards will be made to Revolut crypto wallets in 1INCH tokens.
Revolut’s general manager of crypto, Emil Urmanshin, made the following statements about the partnership:
We are excited to launch a new series of lessons developed with the highly regarded 1inch Network. This will give customers more insight into different crypto concepts.
1INCH is currently trading at $0.6208. It also has a market cap of around 386. According to CMC data, it ranks 91st in terms of market value.
Filecoin collaborates with powerful names in the Web3 industry
Protocol Labs, the company behind Filecoin, has announced an alliance aimed at helping more companies transition to Web3. There are three important names as co-founders of the industry establishment:
- Computer hardware giant Advanced Micro Devices (AMD)
- Storage device manufacturer Seagate and Big 4.
- Accounting and consulting firm Ernst & Young (EY).
Filecoin allows users to rent storage space on a network that offers decentralized data storage. In particular, the partnership is a major rival to centralized storage providers like Amazon Web Services.
Filecoin and its partners are laying the foundation for development standards that will help meet decentralized storage needs. They will also form workgroups to address other specific issues that could slow the Web2 to Web3 transition. James Canterbury, partner and director of EY Blockchain, said in the press release:
There is a lag in the adoption of decentralized storage technologies as global data and storage markets accelerate
Meanwhile, the co-founders are not new to the crypto space. AMD’s central and graphics processing units (CPUs and GPUs) have long been used by crypto miners. Seagate had a sales spike last year due to Chia, a blockchain that uses miners’ unused computer storage to validate the network. EY announced a partnership with the Polygon protocol in September 2021 to embed its products on the Ethereum network. In partnership with EY and Polygon cryptocoin.comWe have included it in this article.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.