The Metaverse project of popular meme coin Shiba Inu has formed a new partnership with International Women of Blockchain and NowPayments. Huobi Global has teamed up with Gala Games to work together on the investment and listing of Web3 altcoin projects. Blockfence has formed a strategic partnership with Forta Network. Injective announced the release of Cascade powered by Cosmos. We have compiled hot developments regarding altcoin projects for our readers.
First altcoin news from Shiba Inu: Partnered with IWB
Shiba Inu’s Metaverse project has formed a new partnership with Shibarium, International Women of Blockchain (IWB) and NowPayments. This collaboration aims to promote the active participation of women in the Blockchain industry in all fields. The partnership started with funding recently launched by Shiba Inu project leader Shytoshi Kusama.
IWB announced the latest collaboration in an official press release on Thursday. According to the press release, the partnership aims to promote gender diversity in the Web3 scene by promoting women’s participation. In addition, the initiative promotes diversity in all aspects of the field, beyond just gender. Kusama recently highlighted the collaboration, highlighting its importance in the growth of the Shiba Inu community, especially in terms of female participation.
Huobi collaborates with altcoin project Gala Games
Huobi Global has teamed up with Gala Games, a blockchain-based play-to-earn gaming platform, to work together on the investment and listing of Web3 altcoin projects. In this context, Huobi Global, a cryptocurrency exchange, announced a strategic partnership with Gala Games. The two companies will collaborate to invest and list projects in the Gala ecosystem.
Gala Games allows developers to create crypto and Non-Fungible Token (NFT) games earned by playing, which allow players to buy and sell in-game items. Once purchased, these in-game items cannot be modified or deleted by the developers without the consent of the players. Huobi’s collaboration with Gala Games is expected to enhance the predecessor’s Web3 goals and allow it to integrate with Gala layer-1 Blockchains to enhance the underlying on-chain technology. Jason Brink, head of Blockchain at Gala Games, stated that integrating layer-1 Blockchain with major exchanges like Huobi is extremely important to achieve the desired level of mass adoption.
Blockfence enters strategic cooperation with Forta Network
cryptocoin.comAs you’ve seen, scams of all kinds are on the rise as activity in the crypto markets rises again after a prolonged bearish recession. Therefore, the Web3 segment desperately needs reliable and scalable multi-layered security solutions. According to the official announcement shared by Blockfence, it has entered into a long-term strategic partnership with Forta Network, a decentralized monitoring service powered by Andreessen Horowitz. Within the scope of the partnership, Forta Network will develop the Blockfence infrastructure with detection modules.
Blockfence’s plugin (web extension) is able to better detect all kinds of potentially malicious activity on Blockchains, such as wallet smugglers, phishing, and other scam campaigns, with a toolkit provided by Forta Network. The collaboration between the two teams focuses on monitoring both on-chain and off-chain data about decentralized applications (dApps).
Introduced Injective Cascade: First Interchain Solana SVM Rollup
Injective, a decentralized exchange and layer-2 protocol, announced the release of Cascade, the first Solana Sealevel Virtual Machine (SVM) Rollup for the Inter-Block Communication (IBC) ecosystem powered by Cosmos. According to the announcement, this new integration will bring SVM to the broader Cosmos ecosystem, which consists of decentralized interconnected Blockchains that enable interoperability across different networks.
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