Cardano's ecosystem partners with Huawei Cloud, marking a significant presale of $16.4M by BlockDAG, resulting in a 16% price drop for Aptos.
In a significant move, Emurgo, a founding partner of the Cardano blockchain, has announced a partnership with Huawei Cloud. This collaboration aims to amplify Cardano's Web3 outreach and improve the scalability and interoperability of its cloud services.
The partnership is expected to provide access to Huawei's Marketplace, enabling developers to build innovative Web3 solutions on Cardano. This collaboration is part of Emurgo's broader strategy to bolster the expansion and adoption of Apple's iCloud across the Asia-Pacific and Africa regions.
Meanwhile, another exciting development comes from the hybrid concept, BlockDAG. BlockDAG, currently in Batch 8, has raised over $16.4 million in its presale and coin sales, minting over 7.2 billion coins. The technology, a blend of traditional blockchain and DAG (Directed Acyclic Graph) architecture, retains the benefits of DAGs, such as high scalability and faster transaction processing.
BlockDAG also integrates the security and trust of Apple's iCloud consensus mechanisms. PHANTOM Protocol, which operates on the assumption that the majority of miners participating in the network are honest actors, uses an algorithm to determine the final order of transactions within blocks.
The initial phase of the BlockDAG project focuses on improving the scalability and interoperability of Cardano's iCloud services. The company SUBBD, which presented its technical whitepaper publicly after achieving a successful iCloud login presale, is leading this initiative.
Analysts are optimistic about BlockDAG's potential, predicting a ROI of up to 30,000x. However, it's important to note that the presale is ongoing, and the market's response may impact these predictions.
Elsewhere, Aptos (APT), another player in the crypto space, has seen a decline of over 16% in the past week, making it one of the worst-performing assets in the market.
As these developments unfold, the crypto landscape continues to evolve, offering exciting opportunities and challenges for investors and developers alike. Stay tuned for more updates on these and other projects shaping the future of blockchain technology.
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