Top Crypto Partnerships of the Week

Crypto partnerships benefit projects and the community. This week, we want to share some great partnerships that are in the pipeline to impact the market with you. 

This article is a summary of the top crypto partnerships on the rocks right now. Read on for the details.

1) Kima Network

Kima Network aims to connect Defi and Tradfi by making cross-chain transactions smoother and more secure. The fact that it does not use the smart contract to perform its function makes Kima even more outstanding.  Kima provides a global SDK that enables jumping between different blockchains. It also facilitates interactions with established financial systems.

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Kima Network 🤝 Stability World

📢Meet our ecosystem collaboration with @StabilityW_AI – a one-stop platform that provides advanced AI tools for creating stunning digital visuals, making it a game-changer for projects and businesses in the Web3 space.

🧵 pic.twitter.com/SCmwV6fgy4

— Kima Network (@KimaNetwork) October 23, 2024

Kima is cooperating with Stability World AI , an AI-based platform specializing in digital assets and defi services. Together, they plan to enhance their offerings in the Web3 space. Both teams will also conduct AMAs and brand promotions to enlighten the community about their products. With the integration with Kima, Stability World AI will allow users to pay with stablecoins on various blockchains.

This will make it easy for users who desire to exploit the AI instruments without constraints on transactions. This is making it possible for organizations as well as content creators to survive in this era of the internet.

2) LiveArt

LiveArt is a Web 3 platform that connects fine art and digital art. It is a platform where artists, collectors, and even brands can access the art market. It includes a state-of-the-art market monitoring and value prediction tool powered by AI and an NFT marketplace.

LiveArt connects art and blockchain technologies to help artists and collectors use Web 3.0 to share with the world. LiveArt unveiled a collaboration with Magic Eden , an NFT market that helps spread digital assets across various blockchains.

Excited to team up with @MagicEden for our Solo Strike Art Shards Pack!

Get a single shard pack on @MagicEden to collect digital collectibles backed by RWA artworks and earn 7K ART Points per mint

Mint now: https://t.co/Mg7bEDdo7x

Learn more ⬇️ pic.twitter.com/IRPD0YRW6M

— LiveArt (@LiveArtX) October 21, 2024

Both of them have announced the “Solo Strike Art Shards Pack.” The solo strike art shards pack splits the ownership of works of art, such as the artwork of Andy Warhol. With this pack, collectors are in a position to buy fractions of the artwork for a price that, on a typical day, they cannot afford. LiveArt and Magic Eden allow customers to get meaningful art pieces.

They are making fine art more popular than before. It is now available to anyone with any wealth status. Every Art Shard mint is more than a crypto-asset or digital cipher collected in a trending NFT marketplace.

3) Truflation

Truflation is a protocol that operates with particular attention to innovations. It offers intelligent computations for inflation; however, it does not provide frequent updates. It addresses the challenge of employing blockchain to present details on inflation in real time, which is an area of intense concern.

Truflation recently partnered with Scannit Inc to bring about more innovations. Scannit is an innovative data monetization service that empowers users to use their data. It is a tool that allows users to share large volumes of information at their discretion and convenience. Together, they are seeking to deliver even more extensive information on economic trends. 

🚨Truflation Partners with Scannit Inc to Strengthen Data Transparency and Expand the TRUF Network

Integration of Scannit’s data into Truflation’s analysis will help create richer data sets that can be utilized by businesses, researchers, and analysts.

The result is a clearer… pic.twitter.com/aoPixSvZAt

— Truflation (@truflation) October 20, 2024

They will do this through consented user information integrated into Truflation’s inflation processing. Truflation wants to offer better economic information by using real-time user data. Both focus on data quality to maintain financial information that is relevant to the users. This partnership is a step in the right direction with ethical data practices and paints a purer picture of a sector’s economics.

4) Movement

Movement is a DeFi protocol that enhances the transfer of assets across many blockchains. It provides express, secure investment transfers and liquidity opportunities. Movement has partnered with Gate Ventures , which is affiliated with the Gate.io exchange. Such a partnership is advantageous for Movement as it aims to promote higher utilization of DeFi.

We are excited to announce that @gate_ventures and Boon Ventures are launching a $20M fund for Move-based blockchain innovation!
We’re partnering together to accelerate the Move ecosystem and support builders creating the future of DeFi, GameFi, and cross-chain infra. pic.twitter.com/aHW3zDAZh5

— Movement (@movementlabsxyz) October 13, 2024

Movement will secure funding from Gate Ventures. It will enable it to grow its operations and optimize its functionality. This support will make it easier for Movement to do more research and development to improve the essence of technology and expand the amount of liquid assets. As an investment in Movement’s defi platform, Gate Ventures is also looking forward to building a community.

5) Bitfinity Network

Bitfinity Network is an enhancement to the Internet Computer (IC). Its service enables dApps and DeFi to use it. This makes it possible to integrate EVM into the network. Hence, developers can work on several applications, such as lending apps and decentralized oracles. Bitfinity allows you to transfer assets (ERC-20 tokens and NFTs, in particular) between blockchain networks.

Partnership Alert 🚨 @BitfinityNet ‘s EVM + @BQ_Labs ‘ Insurance = A New Era for BTCFi 🤝

A high-performance EVM L2 for Bitcoin, built on the Internet Computer. Bitfinity’s unique Chain-Key threshold cryptography secures the bridge between the EVM and Bitcoin, enabling trustless… pic.twitter.com/TiFg6ycHye

— BQ Labs (@BQ_Labs) October 22, 2024

Bitfinity recently partnered with BQ Labs , an organization that develops the decentralized insurance protocol BQ Protocol. This cooperation amplifies the organization’s risk management situation in Bitcoin decentralized finance. Trustless digital assets enable communication with other networks using Bitcoin and Ethereum. Combined technologies promote the creation of more complex BTCFi applications.

This partnership will be a breakthrough for BTCFi and will bring more novelties and improvements to DeFi.

Conclusion

These crypto partnerships show that cryptocurrencies are not only many and vast but also related. These collaborations will bring about change, and witnessing these integrations helps determine the direction of crypto. 

Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.