Crypto.com announces that the Crypto.org Chain mainnet has officially launched.
This launch was announced via Crypto.com CEO Eric Anziani’s Twitter account.
— Eric Anziani (@ericnode) March 25, 2021
Crypto.com Unveils Roadmap of Major Releases
Crypto.com also recently unveiled a phased roadmap to show the five major releases that are following the Crypto.org Chain Mainnet launch. Besides, the team is currently working on all of the five releases. These phases simply indicate the releases according to the time of their proposed launch.
Phase 1: Phase 1 is named “CANIS MAJOR,” and it focuses on non-fungible tokens (NFTs). This release will promote the on-chain support of NFTs.
Phase 2: This phase is termed “DRACO II,” and it focuses on the issuance of coins and the Ethereum Virtual Machine (EVM). This release will ensure that native coins are being issued. Also, the interaction will be done with the side chain, and the execution of ETH-based smart contracts would follow closely.
Phase 3: Phase 3 is referred to as “TUCANA III,” and it deals with the decentralized exchange (DEX) with automated market-making (AMM). This release will focus on the native AMM protocol that is based on the Uniswap model. This native AMM protocol will come with improvements and upgrades.
Phase 4: Also known as “HYDRUS I,” this phase focuses solely on smart contracts. It also includes the release of an on-chain smart contract with CosmWasm. CosmWasm is an engine that supports multiple programming languages. Once released, the on-chain smart contract will provide support for many decentralized applications (dApps) and decentralized finance (DeFi) products.
Phase 5: This phase is referred to as “CARINA III” and deals with decentralized finance and oracles. This release will link oracle protocols to empower smart contracts. Examples of such protocols are Band Protocol and Chainlink.
The release of the Crypto.org Chain mainnet shows that Crypto.com is actively working hard towards improving the world of decentralized finance.
Crypto.com Taps Joe Conyers III to Lead NFTs Platform
In other Crypto.com news, Joe Conyers III has been appointed to oversee the growth and development of Crypto.com’s new invite-only NFT platform.
Joe Conyers III, co-founder and general manager of Songtrust, will act in the capacity of an EVP and will supervise activities of its NFT platform that will feature top artists, athletes, and sports leagues from around the world.
We're proud to announce the appointment of @JoeConyers as our EVP, NFT Platform.
— Crypto.com (@cryptocom) March 16, 2021
Crypto.com noted that Conyers will be bringing on board over 15 years of experience in related fields that focus on building global enterprises that support millions of artists and creators. This experience began with him being a co-founder of art media company ArtObserved.com.
Recently, he served as CSO at Downtown Music Holdings, which is one of the biggest independent music technology and service businesses in the world. He was also recognized by Billboard for four consecutive years as a Digital Power Player.
Expressing his excitement with the appointment, Conyers said he was glad to be overseeing a soon-to-become preeminent NFT platform. He added that Crypto.com is doing a good job building a premium user experience in the crypto space.
“I look forward to giving fans and collectors a new way to connect with creators of all types, while offering everyone an opportunity to earn their fair share,” he added.
Via his official Twitter account, Joe Conyers III further stated that he will be the first of many mainstream executives to switch to NFTS. He said, “As far as I know I’m the first ‘mainstream’ large media co exec to make the jump over to NFTs. I won’t be the last.”
As far as I know I'm the first 'mainstream' large media co exec to make the jump over to NFTs. I won't be the last.
— Joe Conyers III (@JoeConyers) March 16, 2021
NFT to Aid Crypto.com Growth From 10 Million to 100 Million Users
Speaking on the new appointment, Kris Marszalek, co-founder and CEO of Crypto.com, noted that Joe Conyers III’s knowledge and experience in building and managing arts and artists, as well as their firms on a global scale, will accelerate Crypto.com’s growth in the NFT space.
Marszalek explained that he believes NFTs will play a significant role in the cryptocurrency exchange’s endeavors towards growing from 10 million users to 100 million users in the next two years. He noted that Crypto.com will also be a major player and stakeholder in the NFT space. Marszalek states this is “just the beginning.”
Also, expressing his delight with the appointment of Joe Conyers III, Eric Anziani, Chief Operating Officer at Crypto.com, said, “With Joe onboard, I can’t wait to welcome top artists, creators and brands across the Art, Entertainment, Music & Sports onto crypto.com/nft/.”
Thrilled to have @JoeConyers joining the @cryptocom Family!
With Joe onboard, I can't wait to welcome top artists, creators and brands across the Art, Entertainment, Music & Sports onto https://t.co/dX2kqBB6Sw@cryptocom #NFT https://t.co/40SIp035PA
— Eric Anziani (@ericnode) March 16, 2021
Before now, Crypto.com unveiled a new feature that makes it easier for Canadians to file crypto taxes. They also noted that the Crypto.com Tax for Canada service will eventually be expanded to other territories as well.
As of the time of writing, CRO price was $0.208090 with a 24-hour trading volume of $371,033,509. CRO price also fell by 7.3% over the last 24 hours. Besides, it has a circulating supply of 25 billion CRO coins and a max supply of 30 billion. Upbit is also the current most active market trading CRO.
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