After undergoing a sharp correction, Bitcoin is now trading at $47,788. Meanwhile, the second-largest cryptocurrency, Ethereum, is trading close to $1,512.
Let’s find out some interesting crypto news for today.
Polygon | Atari Partnership Integrating Layer 2 For Their NFT and Token Products
Polygon partnered with gaming giant Atari to bring NFTs and token products to Layer 2. Moreover, Atari produces interactive online games for smartphones, tablets, and other top brands. With this partnership, Atari Token (ATRI) is now available on the scalable network that connects to Ethereum via the Polygon Bridge. In addition, NFTs on Atari will explore Polygon’s L2 features such as ultra-low fee environment and fast confirmation speed. Additionally, the Atari team also has plans to launch an NFT minter using Polygon’s high throughput network. Further, this will increase scalability for Atari token holders to create innovative NFTs which can be traded and sold on big NFT marketplaces.
Fuse Network Teams up With Pocket Network To Optimize Fuse-Ethereum Bridge
Fuse Network partnered with Pocket Network to optimize the Fuse-Ethereum bridge. Moreover, Pocket is a decentralized infrastructure protocol that interfaces applications with blockchain nodes with privacy and cost-effectiveness. With this partnership, Fuse applications will get access to more than 2,000 nodes of Pocket in the Ethereum ecosystem. Besides this, Pocket Network will make the Fuse-Ethereum bridge more robust and less expensive by setting up a Fuse node, which will enhance the decentralization of the Fuse backbone in near future. Additionally, the team has plans to use POKT staking for providing Pocket Network services access to Fuse applications.
Elrond | NETOPIA Partnership Offering eGold Payment Options for Romanian Merchants
Elrond partnered with NETOPIA to offer eGold payment options for 30,000 merchants. Moreover, NETOPIA is one of the leading digital payment solution providers in Romania. It offers payment solutions through its mobilPay wallet and a lot of other services, such as SMS, card, and crypto payments. As per the tweet, this collaboration will provide an option for online merchants to accept payments in eGold. Further, the Netopia system will settle this transaction in the merchant’s account with fiat currency. In addition, eGold users will get direct access to goods and services which will save their time and fees associated with the regular payment processors.
Cartesi | Avalanche Collaboration To Uplift Layer 2 Smart Contracts Infrastructure Within DeFi
Cartesi collaborated with Avalanche to grow Layer 2 infrastructure within DeFi. As per the tweet, the team will enable a Linux environment for smart contracts and higher computational scalability. This integration will help developers building on Avalanche to execute contracts using mainstream software stacks supported by Linux. Moreover, Cartesi is a decentralized platform that allows smart contracts to run off-chain securely. Additionally, its Layer 2 technology will help to implement processing-intensive applications for DeFi, enterprises, decentralized games, and more.
Elrond | e-Money Partnership Bringing European Currencies and DeFi Stablecoins To Elrond Network
Last on our list of crypto news, we have the Elrond and e-Money coalition to bring European currencies to the Elrond Network. Moreover, e-Money provides currency-backed tokens which help users to bridge the gap between digital currencies and the traditional financial system. This partnership will help to issue e-Money stablecoins to circulate on the Elrond Network as ESDT tokens. Additionally, stablecoins issued on e-Money, such as EUR, CHF, SEK, NOK, and DKK, will be available in Elrond payments and DeFi integrations. Furthermore, these e-Money stablecoins are interest-bearing and provide total transparency, which is ensured by quarterly reserve audits performed by Ernst & Young.
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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. This article has been sponsored by Cartesi. Copyright Altcoin Buzz Pte Ltd.
