In a groundbreaking move set to reshape the landscape of both the Internet of Things (IoT) and blockchain industries, Jasmy and PiLab have officially announced a strategic partnership aimed at fostering innovation, collaboration, and growth within the Web3 ecosystem. Jasmy, a trailblazing provider of IoT platforms and solutions, and PiLab, a vanguard in advanced blockchain technologies, have inked an agreement that promises to unlock new realms of potential for businesses and individuals venturing into the decentralized future.
Empowering Web3 Expansion
The partnership comes as PiLab continues to roll out its ambitious blockchain ecosystem with the launch of the Bifrost Network’s mainnet, showcasing its pioneering cross-chain technology. The Bifrost Network, characterized by its ability to facilitate seamless interaction across various blockchain networks, sets the stage for diverse applications and extends a supportive hand to conventional Web2 entities looking to make their foray into the evolving Web3 arena.
Jasmy, on the other hand, envisions a world where IoT data can be harnessed safely and effectively. As a champion of data rights and privacy, Jasmy is on a mission to construct a cutting-edge platform that unites IoT and blockchain technologies, ensuring the secure and ethical utilization of data. Under the newly formed alliance, PiLab will lend comprehensive assistance to Jasmy’s KYC (Know Your Customer) verification processes and cryptocurrency name services (CNS), underpinning Jasmy’s commitment to establishing a trustworthy environment for its users.
Notably, the partnership extends to Jasmy’s non-fungible tokens (NFTs), which will now find their home on the Bifrost Network, leveraging the network’s innovative features. Furthermore, the collaboration will encompass support for the JPYC stablecoin and the provision of liquidity to Bifrost’s cross-chain decentralized exchange (DEX) aggregator, showcasing the depth and scope of the shared endeavors.
A Symbiotic Endeavor
Both entities are poised to engage in mutual marketing endeavors, bolstering their shared missions and amplifying their reach within the rapidly evolving landscape of decentralized technologies. Commenting on the partnership, PiLab’s CEO, Mr. Do-hyun Park, emphasized the increasing significance of KYC verification in the Web3 domain and expressed the organization’s commitment to solidifying its role as a pioneering blockchain project in this realm.
Jasmy’s CFO, Mr. HARA, also expressed his enthusiasm about the partnership, framing it as a substantial stride towards realizing Jasmy’s commitment to data democracy and ecosystem expansion. He emphasized the potential of the partnership to deliver enhanced value to the market through the synergistic efforts of both projects. The agreement symbolizes the convergence of Jasmy’s IoT prowess and PiLab’s blockchain innovation, creating a powerful synergy that holds the potential to catalyze the global expansion of both enterprises.
As Jasmy and PiLab combine their strengths and vision, the world watches with anticipation as the collaboration unravels new layers of possibility in the ever-evolving landscape of Web3 technologies. This partnership is not only a strategic move but a testament to the dynamic and transformative nature of the decentralized future.
