The Shiba Inu team has signed a strategic partnership with the artificial intelligence project Bad Idea AI. The NEAR Foundation has formed a strategic partnership with music streaming platform Hibiki Run. Metaverse company GigaSpace has completed its new strategic funding round with parent company STEPN. And there is more! Although the crypto market takes a break from the rally, altcoin projects continue to partner.
Six altcoin projects forged important partnerships!
Here is the new official partner of the Shiba Inu
The Shiba Inu team recently signed a strategic partnership with Bad Idea AI. The Altcoin team aims to expand its ecosystem and attract more attention to the SHIB token. This decentralized project combines many emerging technologies, including Artificial Intelligence (AI), Bockchain, and Decentralized Autonomous Organizations (DAOs). Lucie, a famous Shiba marketing team member, announced this development on Twitter. It also added a snapshot showing Bad Idea AI has been added to the Shiba Inu official partnerships page.
This was followed by a tweet from the BAD project team confirming the partnership. In a related update, the team cited a statement from chief Shiba Inu developer Shytoshi Kusama explaining that all Bad Idea AI services and products will now be available on the Shib official website.
NEAR Foundation and Hibiki Run form strategic partnership
The NEAR Foundation has formed a strategic partnership with Hibiki Run. This project is an innovative platform that combines streaming music and digital collections. He also promotes Listen Win (L2E) and the Web3 project and collaborates with top Japanese artists. Thus, Web 3.0 is revolutionizing the way music is experienced.
Hibiki will use NEAR’s advanced Blockchain technology to create new opportunities for digital music, art and movement. Near will benefit from Hibiki Run’s innovative approach to user interaction. The partnership also means that the NEAR ecosystem will expand into music and entertainment, further engaging creators and consumers worldwide.
GigaSpace closes new strategic financing round with parent company STEPN
Hong Kong-based metaverse company GigaSpace has announced the completion of a new round of strategic funding for an undisclosed amount from STEPN’s parent company Find Satoshi Lab and Web3 venture capital fund ProDigital Future Fund. Find-Satoshi Lab will provide strategic guidance and resources to increase GigaSpace’s growth and market share. This funding round forms the basis for the next strategic funding round GigaSpace aims to complete this year. In addition, the Prodigital Future Fund is leading a new round of strategic investments. It will use the funds it will raise to expand and accelerate GigaSpace’s business.
RedStone Oracles and Lido partnered
DeFi oracle machine RedStone Oracles has formed a partnership with Lido. The partnership will provide oracle machine feed services for stETH on more than 40 Blockchains. It is said that RedStone’s customized solution uses price sources such as DEX (Curve, Uniswap), CEX (Huobi, Bybit, Bitget) together with aggregators (Kaiko, CoinMarketCap, CoinGecko), collected by the median, signed and published by the nodes to the data distribution layer.
Mitsubishi UFJ Financial Group cooperates with Cosmos
Cross-chain bridge provider TOKI and token issuance protocol Noble are partnering with Mitsubishi UFJ Financial Group’s stablecoin platform Progmat to bring a fully collateralized yen stablecoin to the Cosmos ecosystem. Noble will launch the yen stablecoin in the spring of 2024. Also, according to the statement, TOKI will launch the main-net in the fourth quarter of this year.
Cardano Foundation collaborates with Epoch Sports and Merchandise
The Cardano Foundation recently announced a technical partnership with Epoch Sports and Merchandise. Epoch Sports is a leading US-based sports brand. Merchandise is a comprehensive full-stack apparel ecosystem. This partnership will take advantage of the possibilities of Blockchain technology. Thus, it aims to serve a limited number of forms with authentication.
Meanwhile, he distributed 6000 Limited Edition Commemorative Jerseys during the 2023 World Lacrosse Men’s Championship. The limited edition commemorative lacrosse jerseys showcase a near-field communication (NFC) Epoch branded patch. This patch includes a digital fork version embedded as a Non-Fungible Token (NFT).
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