Recently, partnership announcements have come to the fore, especially for six altcoins. Partnership announcements are important as they can expand the circles in which a cryptocurrency is effective and offer new uses. Here are recent partnerships and announcements…
VeChain partners with Authentic8.tech
The VeChain network continued to make various connections. The VeChain Foundation has partnered with many supply chain companies around the world to streamline their business operations. In recent updates, the VeChain network announced a strategic partnership with Authentic8.tech to enable global businesses to find the perfect balance between the digital and physical worlds.
Specifically, the Authentic8 team has been working for the past seven years to help businesses achieve operational transparency through Blockchain technology. Reportedly, global companies working in the automotive, jewelry and food industries have chosen Authentic8 to scale their businesses in a cost-effective environment. Additionally, Authentic8 has partnered with VeChain’s World of V NFT marketplace to enable businesses to leverage Phygital technology.
Switzerland’s major institution enters the Bitcoin and altcoin space
Swiss PostFinance announced that it plans to launch cryptocurrency trading and storage services for its customers by partnering with local cryptocurrency bank Sygnum. This partnership allows PostFinance clients to buy, store and sell major cryptocurrencies such as Bitcoin and Ethereum through Sygnum’s enterprise-to-business offering. Philipp Merkt, PostFinance’s Chief Investment Officer, emphasized that the bank’s decision to enter the crypto space is a response to the growing demand from customers who want to access this market.
Qredo and AVAX establish DeFi partnership
Institutional-grade cryptocurrency custody service provider Qredo recently announced that Avalanche has entered into a partnership with Blockchain. The infrastructure backbone of AVAX coin is leading a series of experiments in the world of DeFi to allow the Qredo team to explore operational solutions for on-chain exchanges. In detail, the Avalanche Spruce testnet will be the network the company uses to understand what the potential of digital finance could be in business operations. It’s also an important step for Avalanche to bring enterprise customers closer to the world of DeFi.
The partnership will fully serve to overcome the technological hurdle to try alternative solutions for trading crypto assets. Institutional participants will be able to independently test the functionality of the Avalanche network architecture, without risking capital in risky transactions, using tokens with a fictitious value on the testnet.
SinVerse partners with DWF Labs
On the other hand, Synverse StudioLider Web-3 game studio signed a seven-figure number of key investment deals led by DWF Labs to drive the growth of its platform and strengthen its position as an industry leader. The partnership marks an important milestone for SinVerse Studios, and DWF Labs is providing strategic support and support to accelerate the company’s ambitious plans for the future.
For the first time on the Sinverse Studio Blockchain, Mafia is revolutionizing the gaming industry with the creation of Metaverse with gameplay similar to the popular Grand Theft Auto (GTA) series. Since launching in October 2021, SinVerse Studios has quickly been followed by a large community and achieved a significant milestone with a highly successful land sale, generating $3.5 million in revenue. With the strategic partnership and investment of DWF Labs, SinVerse Studios is poised to take its gaming to the next level with the pioneering development of the first Web-3 game console, the NFT Cube.
RocketX and XDC Network plan to drive development in the altcoin market
Hybrid CEX and DEX aggregator RocketX and XDC Network, one of the largest Blockchain networks, announced their partnership to solve interoperability issues between DeFi platforms. As part of the partnership, RocketX has integrated with the XinFin Protocol or XDC Network to offer users the best odds on trading XRC20. According to the team behind the projects, this integration will provide several benefits for RocketX users, including XDC and usage on more than 60 supported Blockchain networks.
The partnership is a step forward in enabling users to take advantage of the enhanced scalability of any Ethereum Virtual Machine (EVM)-based DeFi application. The integration also increased transactions per second (TPS) for DeFi applications, resulting in faster processing. Currently, XDC Network offers users over 2000 TPS. Users can now enjoy faster transactions and lower gas fees, making the overall experience easier for users. This partnership hopes to drive mass adoption of cryptocurrencies by solving interoperability issues within DeFi.
Altcoin exchange’s wallet service announces collaboration with Blur
OKX Web3 wallet announced an official collaboration with Blur, an NFT trading marketplace. Users can now link their OKX Web3 wallet to trade NFT assets on Blur. In addition, the OKX NFT marketplace offers the liquidity of Blur. So users can directly buy, sell and trade NFTs on Blur on the OKX NFT market.
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