- EMURGO and Zilliqa join forces to enhance interoperability and liquidity between Cardano and Zilliqa blockchains.
- The partnership will support tokenizing luxury assets and boost governance, with Zilliqa joining Cardano’s Intersect.
- Zilliqa’s upcoming 2.0 upgrade promises faster transaction finality and smart accounts.
EMURGO, a blockchain technology firm driving Cardano’s commercial adoption, has joined hands with Zilliqa Group, a Web3 and metaverse venture builder specializing in the luxury and entertainment sectors. This collaboration aims to improve interoperability between the Cardano and Zilliqa ecosystems, fostering greater connectivity and security.
The partnership will establish interoperable liquidity channels to streamline user flow and transactions across both networks. EMURGO will also contribute its Cardano-based Web3 expertise, including stablecoins and headless wallet infrastructure, to facilitate the tokenization of luxury assets on the Zilliqa platform.
Zilliqa Joins Cardano’s Governance
Another key aspect of the collaboration is Zilliqa Group’s participation in Cardano’s distributed governance through Intersect, a community-led initiative. This move underscores a shared commitment to advancing governance models through collaborative participation.
Cardano’s alliance with Zilliqa blockchains also seeks to build a bridge, enhancing Web3 users’ experience. This bridge is expected to improve the flow of assets and applications across both platforms, further expanding their capabilities.
Read also: Cardano Founding Entity EMURGO Lays Out Roadmap for 2024
Meanwhile, EMURGO COO Nikhil Joshi highlighted the partnership’s focus on improving interoperability and Cardano’s governance. Furthermore, Zilliqa CEO Max Kantelia emphasized that this collaboration will promote cooperation, liquidity, governance, and innovation across both networks.
Zilliqa is an established blockchain platform with a vibrant community, boasting over 68 million transactions and 4.7 million registered wallets. The network utilizes cutting-edge Web3 technologies and is preparing for its 2.0 upgrade, which promises faster transaction finality, smart accounts, and x-shards to further enhance its performance.
Overall, this partnership demonstrates a growing trend toward enhanced blockchain interoperability. Moreover, it aims to improve the user experience while fostering greater collaboration and shared innovation in the Web3 ecosystem.
Despite the recent partnership, Zilliqa (ZIL) trades at $0.013341 during press time, registering a modest 0.12% intraday uptick.
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