EMURGO connects the Zilliqa ecosystem to the Cardano
ecosystem through a variety of interoperability and economic
security-focused initiatives.
SINGAPORE, Sept. 17, 2024 /PRNewswire/ -- EMURGO, a
blockchain technology company that facilitates commercial adoption
of the Cardano blockchain, today announced a strategic partnership
with the Zilliqa Group, a Web3 and metaverse venture builder for
the luxury and entertainment industries that leverages leading-edge
Web3 technologies across its ventures, including the Zilliqa
blockchain. The partnership focus extends beyond interoperability
between the Cardano and Zilliqa blockchains and will also include
mutual collaboration in the following areas:
- Enhance network interoperability and user flow between both
ecosystems.
- Strengthen the economic security of respective networks by
bolstering interoperable liquidity channels.
- Leverage Cardano-related Web3 technologies provided by EMURGO,
including stablecoins and headless wallet infrastructure to apply
to the tokenization of luxury assets on Zilliqa.
- Support Cardano's distributed governance by joining and
participating in Intersect's community-led initiatives.
A shift in Web3 mentality
As part of this strategic collaboration, Zilliqa Group will join
Intersect (Cardano governance member-based organization), and
become a part of Cardano's globally distributed community in
helping to shape Cardano's governance processes.
- A strategic bridge will also be implemented between the
Zilliqa and Cardano protocols to enhance the Web3 user experience
by improving interoperability.
With over 68 million transactions processed and 4.7 million wallets
registered on the network, Zilliqa is an established layer-1
blockchain with a thriving and dedicated community of builders. The
upcoming launch of Zilliqa 2.0 will supercharge its technical
capabilities, bringing ultra-fast finality and the ability to
confirm blocks in just five seconds while offering customizability
and accessibility through smart accounts and x-shards.
EMURGO COO Nikhil Joshi said,
"This collaboration with Zilliqa underscores EMURGO's commitment to
enhancing interoperability with the Cardano ecosystem and
supporting the diversification of its community-driven governance.
We are pleased to work with an established blockchain network
across the usage of our solutions and bridge Zilliqa into the
Cardano ecosystem to further strengthen liquidity and adoption for
the benefit of users and developers."
Zilliqa Group CEO Max Kantelia
said: "Partnering with EMURGO and the Cardano ecosystem represents
a major step forward in our mission to build a more inclusive,
scalable, and accessible blockchain future. By focusing on
interoperability, we ensure that users and apps across both the
Zilliqa and Cardano networks benefit from enhanced liquidity,
governance, and shared innovation. This collaboration is a powerful
reminder that the future of blockchain is a collaborative effort,
and we're excited to be at the forefront of this cooperative
approach to Web3."
These steps demonstrate that the bridge between the Zilliqa and
Cardano networks is not just a technical step towards greater
interoperability, but marks a shift in Web3 mentality that puts
distributed blockchain governance and the user experience
first.
About EMURGO
EMURGO is a blockchain technology company and a founding entity
of the Cardano blockchain that provides products and services to
drive the adoption of Cardano's Web3 ecosystem. Originally
established in Japan, EMURGO
exists to facilitate commercial growth of the Cardano ecosystem and
unlock the full potential of the ecosystem through partnerships,
investments, education, and infrastructure development.
To connect and learn more, visit https://emurgo.io.
About Zilliqa Group
Zilliqa Group is a Web3 venture builder with entities focusing
on innovating the luxury and entertainment industries, embracing a
federated leadership model that allows entrepreneurs to concentrate
on innovation and rapid execution. Zilliqa Group ventures include
the Zilliqa layer-1 blockchain, metaverse and spatial web provider
MetaMinds, music tokenisation platform TokenTraxx, and Web3 gaming
company Roll1ng Thund3rz.
Zilliqa is an industry-recognised layer-1 blockchain that
provides a robust platform for developers and enterprises. The
pioneering blockchain platform aims to drive the mass adoption of
Web3 through its upcoming, user-centric Zilliqa 2.0 network
upgrade. Currently rolling out testnet with the mainnet launch in
Q4'2024. Join early developers and validators in testing the
network at https://roadmap.zilliqa.com.
To connect and learn more, visit https://www.zilliqa.group.
Disclaimer
You should not construe any such information or other
material as legal, tax, investment, financial, or other advice.
Nothing contained herein shall constitute a solicitation,
recommendation, endorsement, or offer by EMURGO to invest.
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