As demand for zero-knowledge technology grows, we could see Azero hitting incredible figures.
As mentioned earlier, there’s been a lot of activity within this ecosystem. Let’s discover them now.
Partnerships
As expected of a thriving ecosystem, Aleph Zero has announced several partnerships over the last couple of weeks:
- Azero is partnering with Panjea to bring Web3 closer to the public. Panjea is a content platform that empowers content creators using blockchain technology. The new partnership will bring .azero domains to Panjea.
- Aleph Azero is partnering with Lukka to boost transaction security and AML compliance within the Aleph Zero ecosystem. Lukka runs an on-chain monitoring system. So, this partnership will further secure Aleph Azero against fraud.
- Azero is live on Alchemy Pay. So, this means users can purchase Azero using their credit cards and other options.
🔥 Starting today, #AZERO is now available on @AlchemyPay!
🌐 Supporting fiat purchases in 173 countries, over 50 fiat currencies, and more than 300 payment channels, @AlchemyPay focuses on Europe, Northern and Latin America, as well as Southeast Asia.
🛠️ For developers,… https://t.co/iDbk6f2vBH
— Aleph Zero (@Aleph__Zero) January 9, 2024
Hackathons
The Aleph Azero Foundation has launched a virtual hackathon, the CTRL+Hack+ZK. The event began on January 10th and runs until January 31st, 2024. CTRL+Hack+ZK invites developers to an intensive hacking experience.
The prizes from the event range from $2K to $20K from the USD 75K pool. There are also up to $500,000 in potential investments from the Ecosystem Funding Program to boost participating projects. The available tracks include:
- Telco/DePIN
- Degen/DeFi
- DID
- Tooling and infrastructure
- Gaming
💰 The bounties await!
The hackathon awards of up to $75,000 can be just the beginning. There's up to $500,000 in potential investments from the Ecosystem Funding Program to give your project wings!
👋 Register now: https://t.co/5kxKJP06HH pic.twitter.com/7VbTFpcVHn
— Aleph Zero (@Aleph__Zero) January 10, 2024
Other Developments
Aleph Zero is also launching an audit competition. The event invites all white hackers to fight for up to $80,000 in prizes. The event runs from January 18th, 2024, to January 29th, 2024, at 15:00 GMT. Aleph Azero launches the MOST bridge.
Aleph Azero recently introduced Most, its bridge to Ethereum. MOST serves as the major gateway to Ethereum. It would support liquidity and stablecoins to be moved to Aleph Zero. It also supports the flow of DeFi on-chain.
Key aspects of MOST development (2/2):
👉 Reduced fees for bridging native ETH, stablecoins, and tokens from Ethereum to Aleph Zero to incentivize onboarding liquidity;
👉 Source code to be made public in the coming weeks;
👉 External audits to follow.— Aleph Zero (@Aleph__Zero) January 11, 2024
Conclusion
The ecosystem activities are a healthy sign. And the ongoing expansion only means more growth in the coming months. The partnership with Alchemy Pay is a heavy plus for Azero. We are watching how this token performs in the coming weeks.
Comparing the 2 privacy holdings, Oasis is in an advanced stage of development compared to Aleph Zero, and the same is reflected in the price.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
