In a move that could change the face of both the Internet of Things (IoT) and blockchain, Jasmy and PiLab have announced a strategic partnership. This alliance is aimed at driving innovation, collaboration, and expansion in the rapidly growing Web3 ecosystem.
PiLab has been actively extending its blockchain ecosystem, most recently with the launch of the Bifrost Network's mainnet, a platform that enables seamless interaction between different blockchain networks. This pioneering work is designed to assist traditional Web2 entities in transitioning to the emerging Web3 landscape.
Jasmy has welcomed a new partner, PiLab Technologies（@Bifrost_Network ）. For more details, please check the link below.https://t.co/T7tToobS6D
— Jasmy-MGT (@JasmyMGT) August 29, 2023
Jasmy, a leader in IoT solutions, is committed to creating a platform that integrates IoT and blockchain technologies to ensure secure and ethical data utilization. The partnership will bolster Jasmy’s KYC (Know Your Customer) verification processes and cryptocurrency name services (CNS), adding an extra layer of trust for users.
In an exciting development, Jasmy’s non-fungible tokens (NFTs) will be integrated into the Bifrost Network. The partnership will also support the JPYC stablecoin and provide liquidity to Bifrost’s decentralized exchange (DEX) aggregator, underscoring the depth and range of the collaboration.
The partnership is expected to benefit both companies through mutual marketing efforts, thereby amplifying their reach in the decentralized tech landscape. PiLab’s CEO, Mr. Do-hyun Park, highlighted the growing importance of KYC in Web3, while Jasmy’s CFO, Mr. HARA, described the alliance as a significant step toward data democracy and ecosystem expansion.
As both companies combine their strengths, the collaborative efforts are expected to unlock new possibilities and deliver added value to the Web3 ecosystem. This partnership symbolizes the merging of IoT and blockchain, creating a synergy that could potentially accelerate the global growth of both companies and the industry as a whole.
So, whether you are a business or an individual looking to delve into IoT, blockchain, or Web3 technologies, keep an eye on this transformative partnership between Jasmy and PiLab—it may just set the pace for what's to come in our decentralized future.
