Over the past day, some major altcoin projects have announced significant developments. All of these developments consisted of partnerships with big names. Here are the details…
Yuga Labs launches BAYC council – partnered with Animoca Cool Cats
Yuga Labs has announced a new Bored Ape Yacht Club (BAYC) community council to help the project “grow and evolve.” The team announced the seven council members in a blog post on Oct. He stated that they are all people who have been around since the early days of BAYC. NFT venture fund Animoca Brands, on the other hand, has made a strategic investment in NFT project Cool Cats. The duo announced the partnership in an announcement yesterday.
2/ .@coolcatsnft has been a friend of the @animocabrands ecosystem for a long time from an early partnership with @TheSandboxGame https://t.co/KdDF5UIw1g
— Yat Siu (@ysiu) October 5, 2022
Cool Cats, as we have also reported as Kriptokoin.com, entered the market in July 2021. It consists of 9,999 cat avatars. According to CryptoSlam data, the project has generated $369.2 million worth of NFT sales volume to date. The latest announcement coincided with a 220% increase in Cool Cats sales volume in 24 hours.
LG partners with NFT platform Fr0ntier X
LG Electronics Business Solutions has made a move for LG webOS Smart Signage. It announced a global partnership with Portugal-based Non-Fungible Token (NFT) platform Fr0ntier X for world-class interactive NFT integrations and experiences on its service. Fr0ntierX offers a range of software solutions and unique applications that allow secure verification of NFTs on screen.
LG maximizes the benefit of NFT. Meanwhile, he will take advantage of them to discover new possibilities. Following the partnership, Fr0ntierX software will be integrated with LG LED displays and other LG digital signage solutions running on WebOS from October this year.
Two Sigma Securities and popular altcoin Chainlink announce collaboration
Liquidity provider Two Sigma Securities looks set to take advantage of Chainlink’s (LINK) oracle service. Chainlink offers price oracles and other data that can help Web3 developers launch projects faster. Other data; Two Sigma’s market data includes swaps, options and other derivative-related information.
This development came after Galaxy Digital’s announcement last week. The company announced that it will prefer Chainlink for cryptocurrency prices. Meanwhile, last month, Two Sigma’s venture capital arm made an important announcement regarding crypto. The organization said it will invest $400 million in two new funds that will include crypto investments.
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