EMURGO, a blockchain technology company focused on Cardano’s commercial growth, has formed a partnership with Zilliqa Group, a Web3 and metaverse venture builder in the luxury and entertainment sectors. This partnership is supposed to provide integrated working of the two platforms, affording the users of both Cardano and Zilliqa a secure connection.
The partnership will create interoperable liquidity channels, making it easier for users to transact and interact across the Cardano and Zilliqa platforms. To kick start this, Zilliqa is planning to tokenize luxury assets and achieve this with the help of EMURGO’s technical support grounded in Web3, stablecoins, and headless wallet infrastructure. This move is expected to attract new opportunities for the luxury and entertainment industries on the Zilliqa platform.
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Cardano’s Latest Update In Governance Framework Includes Zilliqa
One of the outcomes of this partnership is Zilliqa’s Stake Pool’s involvement in Cardano’s distributed governance through the Intersect Community. It further articulates a common goal in enhancing decentralized governance and encouraging innovation of the blockchain governance system.
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In addition, it will create a connection that will allow the sharing of resources between the two blockchains and improve the experience of Web3 users. This will bring new prospects regarding cross-instance buy/sell and new applications.
EMURGO’s Chief Operating Officer Nikhil Joshi explained that the objectives of the partnership are enriching integration possibilities and supporting the Cardano network’s governance. The collaboration could potentially ignite governance, liquidity, and technical progress for both networks, according to Zilliqa CEO Max Kantelia.
Zilliqa continues growing as a blockchain platform, supporting over 68 million transactions and over 4.7 million registered wallets. With its upcoming 2.0 upgrade, the network aims to enhance performance through faster transaction finality and new features such as smart accounts and x-shards.
The partnership between EMURGO and Zilliqa signifies a broader trend towards blockchain interoperability, aiming to improve the overall user experience while encouraging cooperation and technological progress across the Web3 ecosystem.
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Maxwell Mutuma
Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. He writes extensively on topics such as blockchain, cryptocurrency, tokens, and more for top publications such as Coingape, Coin Edition, and The Coin Republic. His goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.