Top crypto partnership - February week 1

Crypto partnerships drive innovation in Web3, bringing new features and expanded utility. This week, we’ve seen game-changing collaborations from Kima Network, Humanity Protocol, and others. 

These strategic crypto partnerships expand technology, and they redefine user interactions. Let’s explore more about them.

1) Kima Network

Kima Network actively works to create easy-fashioned operations between cross-chain systems and cross-bank payment methods. Through Kima, users gain unrestricted access to funds to move between different blockchains and TradFi systems. Developers can access APIs with SDKs through its infrastructure, which facilitates integration. Right now, its native token, KIMA, is trading at $0.2299 at the moment of publishing this article.

Kima’s latest partnership with Axone, a decentralized AI platform, aims to smoothen AI-related payments. Axone operates on a Layer 1 blockchain. It enables the integration of developer data providers and connects infrastructure services, creating a seamless ecosystem.

Kima’s cross-chain payment system is now integrated into Axone’s AI platform, allowing users to transfer funds between blockchains without hassle. The partnership begins with joint marketing activities and then moves to full technical integration and further development plans.

2) Eclipse Fi

Eclipse Fi is a binary options trading platform that has been operating since 2011 and offering precision trading tools. The market value of the ECLIP token is $0.0107 at the moment of publishing this article.

Eclipse Fi entered the DeFi space by teaming up with White Whale and Migaloo Zone through Cosmos blockchain. White Whale is a service provider that connects assets between chains. The Migaloo Zone platform rewards Alliance token owners with extra incentives when they stake their tokens.

The three platforms collaborate to develop DeFi into a better, more rewarding system. The Cosmos network should expect advances in trading methods. It will also see better MEV (miner extractable value) opportunities. Additionally, there will be liquidity solutions through its network.

3) Bitfinity Network

Bitfinity Network enables Bitcoin Layer 2 operations at high speeds, allowing more than 1,000 transactions per second while importing Ethereum-compatible smart contract technology to Bitcoin. The Internet computer supports Bitfinity Network, which applies chain-key cryptography to build safe, decentralized Bitcoin transaction connectivity.

Now, Bitfinity is teaming up with Nomis, an on-chain reputation protocol. Nomis lets users mint reputation scores across LayerZero, zkSync, and Linea. It analyzes wallet history to provide insights into users’ on-chain activity, which can be helpful in DeFi, lending, and NFT-based applications.

This partnership is all about trust. Integrating Nomis allows Bitfinity to introduce reputation-based functionality into its network infrastructure. Because of this development, Web3 encounters more visibility and dependable conduct.

4) Humanity protocol

Humanity Protocol delivers palm-scanning verification technology as a system that maintains full privacy protocols during identity authentication. Pantera Capital and Jump Crypto invested $20 million, which raised the Humanity Protocol’s worth to $1.1 billion.

So, Humanity Protocol recently entered into a partnership with Apecoin. ApeCoin powers the Bored Ape Yacht Club ecosystem. Holders can vote on governance decisions, stake their assets for rewards, and access exclusive events.

These companies collaborate to address a major governance issue caused by Sybil attacks. The problem arises from users establishing multiple wallets to control election results through their votes. The collaboration benefits ApeChain governance by delivering strong blockchain identity technologies that fight Sybil attacks. ApeCoin DAO.

5) Omnia protocol

Omnia Protocol delivers AI-driven RPC services that enable blockchain users to access services without risk from attacks. Nowadays, the platform processes one billion RPC calls daily without server interruptions supports over 75 networks, and serves 6.8 million users.

Omnia protocol partnered with Zircuit. The protocol integration connects zero-knowledge roll-up techniques with AI protocols to secure the sequencer level. Zircuit operates to develop a swift, inexpensive transaction system that strengthens the security features of Ethereum dApps.

Omnia Protocol elevates its existing security infrastructure through its association with Zircuit. Zircuit works with Omnia Protocol to boost the security features of transactions and privacy protocols and establish comprehensive security measures for blockchain operations.

Conclusion

Web3 keeps moving forward according to the recent crypto partnerships described this week. These collaborations are creating the path for future development. Innovations become possible because different projects continue to have agreements.

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.

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