Partnerships, updates and acquisitions are in full swing in the crypto market. Polygon (MATIC), for example, is investing in SuperLayer’s $25 million fund. Meanwhile, crypto custody service Copper has chosen Solana (SOL) for its DeFi transactions. Ripple entered into a partnership with Travelex Bank, the first bank in Latin America to use ODL. We have compiled the latest developments and news about seven altcoin projects for our readers.
There are important news from altcoin projects…
Polygon invests in SuperLayer’s $25 million fund
Web3 venture studio SuperLayer has chosen strategic partner Polygon. In this context, it announced a new fund of 25 million dollars. SuperLayer’s managing partner, Kevin Chou, made a statement on the matter on Thursday. “Given SuperLayer’s focus on speed and quality, Polygon is a natural partner with industry-leading protocols designed to solve Blockchain scalability issues that are slowing down innovation,” Chou said.
Copper chooses Solana for DeFi operations
Cryptocurrency custody service Copper has announced that it will support decentralized finance (DeFi) connectivity with Solana Blockchain. Accordingly, Copper made a statement on the subject on Thursday. In this context, he said, the connection will allow Copper’s customers to connect with decentralized applications (dapps) and securely transact using the firm’s CopperConnect multilateral computing (MPC) technology.
Ripple launches ODL in Brazil
On Thursday, Ripple Labs Inc announced the launch of On-Demand Liquidity (ODL) services in Brazil. In this context, the altcoin entered into a partnership with Travelex Bank, the first bank in Latin America to use ODL. Ripple will use the XRP token as the ODL solution. In this way, it will allow users to send money across borders. Despite being overwhelmed by the lawsuit against the SEC, the blockchain firm is making an impact globally. However, the question of how this update might affect the price of XRP remains the same.
CME Group adds options for Ethereum
The exchange will allow investors to bet and manage risk ahead of the Ethereum Merge. The company made a statement on the matter on Thursday. In the statement, he said that the derivatives market Chicago Mercantile Exchange (CME) will begin offering options for Ethereum futures on September 12. Additionally, the offer will add to CME’s existing products, which include Bitcoin and Ethereum futures and Bitcoin options.
Socios gains regulatory approval in key market
Meanwhile, fan token platform Socios.com made an announcement on Thursday. In the announcement, it said it has received regulatory approval in Italy as a service provider of virtual currencies and digital wallets. This will enable the firm to further increase fan engagement and rewards platform in the key market. The move ahead of the UEFA Champions League group stage marks an important development for the fans and the company.
Helium developer Nova Labs acquires FreedomFi
Nova Labs, the development company behind Helium, is entering the crucial, parallel space of cellular networks. On Thursday, Nova announced that it has acquired FreedomFi as part of Helium’s expansion to mobile communications. FreedomFi is a company that develops software for crowdsourced 5G networks. Nova CEO Amir Haleem declined to disclose the purchase price in an interview.
ApeCoin DAO receives the third offering of the free NFT market
Non-Fungible Token (NFT) marketplace Rarible posted a proposal on Wednesday to create an order NFT market for the ApeCoin DAO. Rarible said its market will not charge any fees. He also noted that it will not require any investment by the DAO. This is the third offer ApeCoin DAO has received recently to create an NFT market. As you follow on Kriptokoin.com, Magic Eden made a similar offer last week for a market with low transaction fees, at no cost to the DAO.
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