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 Surpasses $82,000

    Market data shows that BTC has surpassed $82,000, currently priced at $82,038.65, with a 24-hour increase of 0.31%. The market is experiencing significant volatility, so please ensure proper risk management.

  • ETH Surpasses $2400

    Market data shows that ETH has surpassed $2400, currently priced at $2400.26, with a 24-hour decline of 1.33%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Surpasses $81,000

    Market data shows that BTC has surpassed $81,000, currently priced at $81,016.34, with a 24-hour decline of 1.53%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Falls Below $80,000

    Market data shows that BTC has fallen below $80,000, currently priced at $79,940.09, with a 24-hour decline of 3.44%. The market is experiencing significant volatility, so please ensure proper risk management.

  • Philadelphia Semiconductor Index Set to Lose Over $2 Trillion in Market Value in Seven Trading Days

    The Philadelphia Semiconductor Index is poised to evaporate over $2 trillion in market value within seven trading days.

  • Philadelphia Semiconductor Index Drops 4% to Lowest Level in Nearly a Month

    The Philadelphia Semiconductor Index fell by 4.01% during the day, currently reported at 11,215.37 points. Nvidia dropped by 3.25%, Broadcom fell by 2.87%, Micron decreased by 5.79%, Intel declined by 5.81%, AMD dropped by 6.28%, Qualcomm rose by 0.66%, TSMC fell by 4.37%, and ASML decreased by 3.34%.

  • Philadelphia Semiconductor Index Falls 4% to Lowest Level in Nearly a Month

    The Philadelphia Semiconductor Index dropped 4.01% during the day, currently reported at 11,215.37 points. Nvidia fell by 3.25%, Broadcom by 2.87%, Micron by 5.79%, Intel by 5.81%, AMD by 6.28%, Qualcomm rose by 0.66%, TSMC fell by 4.37%, and ASML dropped by 3.34%.

  • Ripple Prime Launches Perpetual Contract Trading Services for Institutional Clients

    According to Bloomberg, Ripple's main brokerage division, Ripple Prime, is launching perpetual contracts for real-world assets (RWA) aimed at institutional clients, covering over 100 reference markets including stocks, indices, ETFs, and commodities. This product is offered through Trade.xyz on Hyperliquid, continuing Ripple Prime's previous initiative to provide clients with access to cryptocurrency perpetual contract trading.

  • NYC Comptroller Urges Anthropic to Pause IPO Plans

    On October 15, New York City Comptroller Mark Levine stated in an interview that he has written to Anthropic CEO Dario Amodei, urging the company to suspend its planned initial public offering (IPO). In the letter, he called for Anthropic to pause its IPO plans until it can fully and transparently address concerns related to AI safety, governance, and development that the company itself has raised. Levine wrote that the company should focus on mitigating these risks rather than advancing the IPO. Currently, New York City has an investment exposure of less than $10 million in Anthropic through the private market.

  • US September PPI Rises 6.3% Year-on-Year, Exceeding Market Expectations

    The US Producer Price Index (PPI) for September recorded a year-on-year increase of 6.3%, the highest since May 2026, surpassing market expectations of 5.3%. The month-on-month PPI for September was reported at 1.3%, significantly higher than the market forecast of 0.5%. Additionally, US retail sales for September showed a month-on-month increase of 0.8%, also exceeding market expectations.