EMURGO partners with Zilliqa to enhance blockchain interoperability, liquidity, and governance, leveraging Cardano’s Web3 technologies.
EMURGO, a blockchain technology company known for its role in driving the adoption of Cardano, has announced a significant partnership with Zilliqa Group.
Zilliqa, a Web3 and metaverse venture builder, specializes in supporting luxury and entertainment sectors using advanced Web3 technologies, including its own Zilliqa blockchain.
Focus on Interoperability and Liquidity
This collaboration between EMURGO and Zilliqa Group goes beyond improving network interoperability. Both companies have emphasized enhancing the security of their networks by developing more robust, compatible liquidity channels.
The aim is to enable seamless user experiences for developers and users across the Cardano and Zilliqa ecosystems.
In addition, Zilliqa will integrate several Web3 tools offered by EMURGO, such as stablecoins and headless wallet development. These tools will facilitate the tokenization of assets on Zilliqa, adding more utility to its platform.
Community Participation And Zilliqa 2.0
A key element of this partnership involves Zilliqa’s participation in Cardano’s governance initiative through Intersect, a community-led initiative.
Zilliqa will contribute to shaping the governance of Cardano’s ecosystem by actively participating in decision-making processes within Intersect. This move will give Zilliqa a say in how Cardano’s community-driven governance model evolves.
As Zilliqa looks forward to launching its much-anticipated Zilliqa 2.0, the partnership with EMURGO is expected to provide a timely boost. The Zilliqa 2.0 upgrade aims to bring key improvements, such as faster transaction finality and more flexible customization options for users.
Zilliqa continues to expand its ecosystem, with up to 68 million transactions and over 4 million wallets.
It is worth noting that EMURGO is a founding member of the Cardano blockchain network. The company focuses on accelerating the commercial growth of the Cardano ecosystem through strategic partnerships and investments.
The latest alliance with the Zilliqa group aligns with the broader objective of unlocking the Cardano ecosystem’s vast potential.
Cardano’s Ongoing Development and Progress
In parallel, Cardano’s recent development report highlighted significant updates related to scaling, governance, and ongoing projects within its ecosystem.
Cardano now supports 1,373 active projects, with over 1.33 million delegated wallets and 10.36 million native tokens.
In addition to these developments, 165,546 token policies are currently active on the Cardano network, ensuring that governance and asset control mechanisms are well-established.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
