Recently, many altcoin projects have come to the fore with new partnership news. Here are a few notable developments on a daily basis…
Popular altcoin project Algorand partners with Onramp Money
Algorand has announced a partnership with fiat-crypto solutions provider Onramp Money to make cryptocurrency more accessible to the Indian population. India, which is expected to overtake China as the most populated country this year, is predicted to be the target market for blockchain and crypto in the coming years. However, the technological barriers and complexities of the world of DeFi and decentralized applications are a hurdle to overcome in order to achieve mass adoption in this context.
Integration with Algorand’s Onramp Money, an open-source blockchain focused on the concept of scalability and carbon neutrality, will simplify the experience for Indian users looking to buy ALGO coins and other cryptocurrencies in the market. The Algorand network, which has a two-tier structure with almost instant transactions and commissions under cents, will enable exchanges between Indian rupees and major cryptos. Developed by the National Payments Authority of India, the Indian payment system UPI will be integrated into the Algorand ecosystem to facilitate fiat-to-crypto transactions.
ADIA Lab collaborates with CrunchDAO
ADIA Lab, an Abu Dhabi-based institute dedicated to fundamental and applied research in data and computational sciences, has partnered with CrunchDAO, a research team of data scientists that leverages Web3 and machine learning to generate next-generation financial insights, to launch the ADIA Lab Market Forecast competition with a total prize pool of $100,000. ” formed a partnership. Participants from around the world “will be able to submit their entries to the tournament from May 16.” The competition will take place in two stages. Phase one “will run from May 16 to August 16, when CrunchDAO will collect models from participants.” In the second phase, “From August 16 to November 16, models will be tested and winners will be selected.”
Altcoin Tron will support meme coins
Huboi announced a new strategic partnership with TRON and BitTorrent to launch a new Memeverse Carnival event. As part of this partnership, Tron and BitTorrent will provide extensive support for the development of meme tokens and ecosystems. According to the official announcement, the TRON DAO Ecosystem Fund will set up the Memeverse Fund with a fund size of 20 million TRX to reward the most popular meme token projects in the Tron ecosystem. Huobi and Poloniex will promote meme projects as much as possible based on their popularity and rankings.
Partnership announcement from Mantle and Ankr
Mantle, a high-performance, modular Ethereum layer-2 network, announced that it has partnered with Ankr ahead of its mainnet launch in Q2 2023. Ankr’s Mantle RPCs are “a gateway for developers to interface directly with Mantle. Acting as a network router that transfers information on-chain between mantle nodes, decentralized applications (dApps) and ultimately end users, RPCs enable the execution of necessary tasks such as transactions, population of wallet balances and retrieval of ownership information.
Digital Asset establishes a new network
Financial technology firm Digital Asset announced on Tuesday that it will launch a privacy-enabled, interoperable Blockchain network designed to provide a decentralized infrastructure for corporate clients. The network’s participants, called the Canton Network, include BNP Paribas (BNP), Deloitte, Cboe Global Markets (CBOE), Goldman Sachs (GS), Broadridge (BR), S&P Global and Microsoft (MSFT). The network connects applications built with Digital Asset’s smart contract language Daml, allowing various systems in financial markets to work together and synchronize.
Crypto.com supports ORDI
ORDI, the coin of the Ordinals project, is a BRC-20 native token that facilitates transactions within the platform. With the Crypto.com app, users can buy ORDI in USD, EUR, GBP and over 20 fiat currencies at real cost and spend at over 80 million merchants worldwide using the Crypto.com Visa Card.
Alibaba and altcoin Avalanche to set up metaverse launchpad
Most recently, Alibaba Cloud, a subsidiary of Chinese e-commerce company Alibaba, has teamed up with Avalanche to create a launchpad that allows businesses to deploy metaverses on the Blockchain.
