Cointime

Cointime

Download App
iOS & Android

Shardeum and OKX Wallet Announce Strategic Partnership for Web 3 Ecosystem

Cointime Official

Shardeum, a leading layer 1 protocol on Ethereum and OKX Wallet, a leading self-custodial solution for digital assets, has announced a strategic partnership. OKX Wallet will support Shardeum Testnet launch in Q1 2023, with full integration to follow shortly after. Shardeum's dynamic state sharding technology enables linear scalability while maintaining atomic composability. The project's co-founders, Nischal Shetty and Omar Syed, have extensive experience in the crypto and distributed systems engineering industries, respectively.

Under the terms of the partnership, OKX Wallet will be the exclusive reward contribution wallet in future Shardeum marketing campaigns. In addition, all Web3 products developed by the world’s leading cryptocurrency exchange, OKX, will fully support the Shardeum ecosystem, this includes the OKX wallet, OKX NFT Marketplace, and built-in OKX DEX.

Other collaboration areas include incubation with OKX Web 3 Operation Campaigns, Twitter Space AMAs, offline event sponsorship and collaborations, OKX Venture Engagement, and a banner page on OKX Discover, the exchange’s one-stop platform for discovering decentralized applications. OKX Wallet will also become the recommended integration option for projects deployed on Shardeum. Furthermore, OKX Wallet and OKX Web 3 will also cooperate to develop Shardeum's go-to market plan.

About Shardeum

Shardeum is a linearly scalable Ethereum Virtual Machine based layer 1 solution that uses dynamic state sharding to increase transactions per second with each node added to the network while retaining atomic composability. The project is co-founded by Nischal Shetty, Co-Founder & CEO of India's largest crypto exchange, WazirX, and Omar Syed, a distributed systems engineer with 30-years experience at NASA, Yahoo, Raytheon and Zynga. The project’s investors include Struck Capital, Jane Street, The Spartan Group, and Balaji Srinivasan.

About OKX

OKX is the second biggest global crypto exchange by trading volume and a leading web3 ecosystem. Trusted by more than 20 million global customers, OKX is known for being the fastest and most reliable crypto trading app for investors and professional traders everywhere. Beyond OKX’s exchange, the OKX Wallet is the platform's latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens along with access to over 10,000 dApps.

Comments

All Comments

Recommended for you

  • BTC Falls Below $78,000

    Market data shows that BTC has fallen below $78,000, currently priced at $77,993.28, with a 24-hour increase of 1.09%. The market is experiencing significant volatility, so please ensure proper risk management.

  • U.S. Storage Stocks Weaken, SanDisk and Seagate Drop Over 4%

    On September 11, U.S. storage stocks weakened, with SanDisk and Seagate dropping over 4%. Western Digital fell by more than 2%, while Micron Technology and SK Hynix saw declines of less than 1%.

  • US Crypto Stocks Surge, Strategy Up 5.71%

    On September 11, during intraday trading, US crypto-related stocks saw widespread gains, with Strategy (MSTR) rising 5.71%; Coinbase (COIN) up 5.34%; Circle (CRCL) increasing by 5.23%; SharpLink Gaming (SBET) climbing 10.32%; MARA Holdings (MARA) up 6.69%; and BitMine Immersion (BMNR) rising 9.01%.

  • Grayscale: Zcash Mining Profits 2-4 Times Higher than Bitcoin with Hashrate Growth Exceeding 2.5 Times This Year

    According to Grayscale's research director Zach Pandl, Zcash mining profits have surged significantly due to the strong performance of ZEC prices. Data shows that the total daily miner rewards on the Bitcoin network are approximately $35 million, while for Zcash, it is about $2 million. However, the daily earnings per mining machine for Zcash are about twice that of Bitcoin, with earnings per megawatt-hour being approximately four times higher, even surpassing some AI/high-performance computing cloud services. The high profits have driven an increase in mining activities, with Zcash's total hashrate growing over 2.5 times this year, creating a virtuous cycle of 'rising coin prices → increased mining → enhanced network security → supporting coin prices.' The calculations are based on an electricity price of $0.05 per kilowatt-hour and the Bitmain Z15 Pro mining machine operating at full capacity, with data as of September 9.

  • ETH Surpasses $2600

    Market data shows that ETH has surpassed $2600, currently priced at $2601.32, with a 24-hour increase of 7.27%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Surpasses $79,100

    Market data shows that BTC has surpassed $79,100, currently priced at $79,150, with a 24-hour increase of 2.53%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Surpasses $79,000

    Market data shows that BTC has surpassed $79,000, currently priced at $79,012, with a 24-hour increase of 2.37%. Due to significant market fluctuations, please ensure proper risk management.

  • U.S. Optical Communication Stocks Surge, Coherent Rises Over 3%

    On September 11, U.S. optical communication stocks collectively surged, with Viavi Solutions, Amphenol, Coherent, AXT Inc, and Lumen Technologies rising over 3%. Additionally, Qioptiq, Applied Optoelectronics, and Ciena increased by more than 2%, while MaxLinear and Corning saw gains of over 1%.

  • Canadian MP Urges Trump: Relax Tariffs to Help U.S. Combat Inflation with Canadian Oil and Minerals

    On September 11, Pierre Poilievre, leader of the Conservative Party of Canada, stated that Canada possesses abundant oil and mineral resources that could help alleviate inflationary pressures in the United States, but the Trump administration needs to relax its tariff policies against Canada. Poilievre strongly promoted Canada's 'affordable energy' and mentioned that he has discussed establishing a 'strategic mineral and oil national reserve' with Canadian Prime Minister Mark Carney for allies to use in times of need. Poilievre said, 'By strengthening trade with Canada, we can lower your cost of living. We can ensure that in the event of future conflicts—hopefully never occurring—we have ample supplies while also restoring the industrial base across the North American continent. But this must be achieved through cooperation.'

  • Iran's Foreign Ministry: Regional Meeting of Gulf Countries Scheduled for Next Monday

    On September 11, Iranian Foreign Ministry spokesman Baghaei announced plans for a regional meeting involving Gulf coastal countries. This meeting represents a significant development, with hopes that it will enhance mutual understanding among regional nations and contribute to strengthening regional security. Iran, Iraq, and other Gulf coastal countries will participate in this meeting, which will take place next Monday in Oman. In addition to other regional issues, the participants will discuss the outcomes of negotiations between Iran and Oman regarding the establishment of a safe commercial shipping corridor in the Strait of Hormuz. The Iranian Foreign Ministry spokesman also mentioned a previous agreement between Iran and Oman on a temporary shipping corridor in the Strait of Hormuz, emphasizing Iran's commitment to taking action to ensure the safety of shipping in the Strait. However, he stated that as long as the U.S. acts aggressively and interferes illegally, including through maritime blockades and economic warfare, the safety of shipping in the Strait of Hormuz cannot be guaranteed.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company