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Cardano (ADA) Partnering Up with SIRIN LABS

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Cardano

Emurgo and SIRIN LABS had announced in February 2018 that they will partner up with the cryptocurrency Cardano (ADA) to expand the ecosystem of its blockchain.

Cardano was launched on 29th September 2017. Even if the cryptocurrency is comparatively new, it has had a remarkable journey. Charles Hoskinson, the CEO and founder of Cardano and its other developers had developed the blockchain by keeping both regulation and end-user gain in mind. Cardano is currently in the process of developing a smart contract platform that promises to surpass the previously developed protocol. Cardano proudly claims that its blockchain is the first to develop from a scientific philosophy and a research-first driven approach. As of 15th March 2018, according to coinmarketcap.com, Cardano is at the 6th position.

A Little about Emurgo

Operational since 2017, Emurgo is based in Japan. “Emurgo develops, supports, and incubates commercial ventures and helps integrate these businesses into Cardano’s decentralized blockchain ecosystem.” (As described on the company website) Emurgo identifies and invests in early-stage blockchain companies that develop applications on the Cardano stack.

A Little about SIRIN LABS

SIRIN LABS is strictly concerned about user security on the smart devices. The aim of the company is to provide security to the users such that have are protected at all times. FINNEYTM devices have been designed to run on the open-source operating system of SIRIN LABS, SIRIN OSTM. It can support inherent blockchain applications, for instance, a crypto wallet. It provides secure exchange access and features encrypted communications and a peer-to-peer resource sharing environment for payment and apps that are supported by the SRN token. FINNEYTM smartphone can also be used as a cold storage of crypto coins.

The Partnership

The announcement about the partnership between the two giants is all about the integration of the Cardano ecosystem into the mobile devices.

“We are incredibly excited to be able to work with Emurgo on implementing the Cardano protocol into SIRIN OS and our upcoming FINNEY™ family of devices. The availability of the ADA token will undoubtedly enhance the user experience and utility of the FINNEY™ smartphone, to both crypto enthusiasts and mainstream users.”

  • Moshe Hogeg, CEO of SIRIN LABS

“It’s very exciting that we can work with SIRIN LABS to expand the blockchain industry. Also, it’s great news for the Cardano community that such an innovative smartphone will support ADA.”

  • Ken Kodama, CEO of Emurgo

The FINNEYTM device will also sport an exchange that will enhance the user experience, way beyond the abilities of the regular smartphones now available in the market. Currently, the Cardano protocol is in the development phase and it is conducted by the Input Output HK engineering company.

The Relevance of the Partnership

As a result of this partnership, FINNEY’s cold storage wallet will hold Cardano’s token ADA and the Emurgo team will be working with the SIRIN LABS R&D team such as to incorporate the FINNEY smartphone and SIRIN OS with the Cardano protocol.

The cold storage wallet of FINNEY is being designed to effortlessly interact between coins and tokens that are supported by the wallet. The next step is to create a DApp store and to offer the cryptocurrency and blockchain developers an SDK that will remarkably increase the number of DApps in existence. The partnership has many highlights. It will bring ADA support and features to the DApp store. This means that if the user wants to buy an app from the DApp store, then they can use ADA to purchase it. This is possible because all the transactions will be performed in SRN. The features of the wallet allow for an automatic and seamless exchange of ADA for SRN. The users have to first approve the transaction for the appropriate amount of ADA and only then will the phone conduct the transaction.

The partnership between Cardano and SIRIN LABS will thus bring the blockchain into the hands of every smartphone owner.

We will be updating our subscribers as soon as we know more. For the latest on ADA, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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