In the world of Bitcoin and altcoins, China-based news continues to be on the agenda. Right now, as soon as we hear the word China, we take action. In a sense, the China-based negativities experienced in 2019 seem to have come to an end. Therefore, our news is about the partnership between an altcoin and a Chinese and world giant.
Bomb development for altcoin
The altcoin named IOST (IOST) will not sound foreign to your ears. The cryptocurrency project is trying to solve a number of problems. These problems include scalability, high transaction fees. In addition, low processing speed is another problem they aim to solve. Now this cryptocurrency project has announced a strategic partnership with Hong Kong WEB3HUB. Have you ever wondered what WEB3HUB is? WEB3HUB A digital innovation hub supporting Web3 companies.
IOST will collaborate with strategic partners such as WEB3HUB and large communities around the world. It will also continue to foster a diversified and open ecosystem on the chain. Accordingly, altcoin IOST will drive developments in blockchain, artificial intelligence, data storage certification, cross-chain interoperability protocols (CCIP), privacy computing, XR, and other core technologies. On the other hand, joint efforts will open a new chapter in Hong Kong’s Web3 digital innovation future. It will also empower stakeholders with the multidimensional capabilities of the “IOST Web3 Digital Creation Engine”.
What does the partnership aim for?
There is a purpose with the partnership. Accordingly, altcoin IOST aims to strengthen the Web3 industry in Hong Kong. Accordingly, efforts will be made for the sustainability and development of innovation. There will also be support for blockchain core technology. As a result, the global ecosystem will become stronger. On the other hand, efforts will be made to attract global cryptocurrency Web3 companies, which are planned to be established in Hong Kong, to the region. Thus, exchange and cooperation opportunities will become easier for Web3 companies entering the region.
The objectives are not limited to this. The statement by the altcoin project has a section for Web3 businesses entering Hong Kong. Accordingly, the creation of a dynamic digital industry innovation environment is within the scope of the target. It is also among the objectives to create comprehensive ecological support plans and appropriate incubation and strengthening measures. Finally, one of the aims of the project is the creation of an international and innovative Web3 digital ecosystem center in Hong Kong. While this project was being carried out by IOST, Hooked Protocol made a statement today, as we have mentioned as Kriptokoin.com. Accordingly, Hooked Protocol stated that it has partnered with Animoca Brands to develop the Web3 education-entertainment ecosystem.
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