#partnership

The crypto company LayerZero has forged a partnership with Conflux to roll out a blockchain-based SIM card (BSIM), co-developed by China Telecom. This partnership aims to simplify cross-chain fund transfers, leveraging LayerZero's innovative exchange mechanisms. While it's uncertain whether they can attract China Telecom's 390 million users, the LayerZero CEO remains optimistic.

OKLink and CertiK are launching the Freeze Asset Request (FAR) standard to simplify the freezing of stolen assets and bolster Web3 security. Exchanges often lag in responding to asset-freezing requests following a hack due to their in-house systems, but this innovation aims to rectify that situation.

Salvator Mundi, attributed to Leonardo da Vinci and famously sold for $450.3 million at Christie’s New York, is set to be transformed into a NFT. The digital tokenization of this controversial artwork, depicting Christ with a crystal orb, will be carried out by ElmonX, a digital assets platform, in collaboration with Bridgeman Images, an international image licensing company. The terms of the NFT sale are scheduled to be revealed on August 12. This initiative follows the successful NFTization of renowned artworks such as Mona Lisa, Van Gogh’s Starry Night, , Auguste Rodin’s The Thinker, and Claude Monet’s Nymphéas, each created in partnership between the two entities. A total of 330 editions of the Mona Lisa were sold for £150.00 each.

Coinbase and Circle, five years after jointly launching USDC, are evolving their partnership. Coinbase is acquiring an equity stake in Circle, emphasizing their shared vision for the financial future. To further its reach, USDC will launch on six new blockchains between September and October, expanding its multi-chain presence to 15. With clearer global stablecoin regulations, Circle will assume all governance, including smart contract management. The Centre Consortium, initially governing USDC, will dissolve.

The company behind the popular P2E game Axie Infinity, Sky Mavis, has announced a partnership with the NFT collection CyberKongz. Their joint venture will entail developing a new game on the EVM-compatible blockchain Ronin. While the details of the new venture are yet to be disclosed, it has been revealed that CyberKongz's game, Play & Kollect, will also be migrated to the Ronin network.