The Golem Network has provided an important update on the status of its major partnership with the Reality NFT ecosystem, a leading platform that allows users to create, purchase, and sell NFTs that are based on real-world assets. The objective of this significant collaboration is to explore the viability of utilizing the decentralized computing power offered by the Golem Network to facilitate the expansion and integration of the Reality NFT platform.
RLTM is a utility token with a fixed supply that was just recently introduced as the cornerstone of Reality NFT. Its purpose is to facilitate the expansion and inclusion of Reality NFT. As a technology partner, the Golem Network views this partnership as an opportunity to evaluate how it can assist future initiatives by offering access to computational capacity. This opportunity will be mutually advantageous to both parties involved.
In 2015, the Golem Network was created to make censorship-resistant computing resources accessible to everyone. Its advanced protocol enables P2P rental of idle hardware between users and providers, thus democratizing access to computing resources. The settlement layer of the network, powered by GLM, enables the creation of a collaborative and alternative economy where users can earn passive income by renting out their computing resources. This decentralized approach allows developers to build on the platform just as they would on traditional cloud infrastructure, without the pitfalls associated with centralized platforms.
Driving Decentralized Computing and Community Growth
As a result of the collaboration, the Golem Network has developed a solution that provides Reality NFT with a decentralized means of accessing the blockchain. In addition, the partnership explores new possibilities in which the Golem Network may be able to provide additional assistance to Reality NFT with computations. The findings from this project will be used to develop new features, update the software development kit (SDK) for the Golem Network, and test the program for flaws. More information will be provided shortly.
The partnership with Reality NFT provides users of Golem and the Golem community with a real-world example, an encouraging use case, and a potential success story. The community can anticipate that there will be more tasks available on the network as a result of this collaboration, which will further contribute to the expansion of the network. The Golem Network has established a liquidity pool for a trading pair GLM/RLTM that is available for trade on DEX in order to improve the level of convenience that is provided to the RLTM ecosystem in terms of access to GLM.
Talking about this breakthrough partnership and its benefits, Paweł Burgchardt, CPO of the Golem Network, said: “We are happy to see that Reality NFT is using the Golem Network to provide additional value to its users. This partnership shows that the Golem Network has reached a stage where its platform can be used by external organizations.”
The Golem Network and Reality NFT are thrilled to be working together, and they look forward to improving the lives of people in both of their respective communities as a result of this partnership. Additional information and updates are on the way.
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