EOS Labs Partners with CoinTR to Establish Turkey Web3 Industry Lab
EOS Labs has announced a strategic partnership with cryptocurrency exchange CoinTR to jointly establish the Turkey Web3 Industry Lab. The collaboration aims to inject new vitality into the Turkish blockchain ecosystem and leverage blockchain technology for Turkey’s technological transformation and industrial upgrading.
Zack Gall Discusses EOS Network and EOS EVM Solution
Zack Gall, founder and Chief Communications Officer of the EOS Network Foundation, delivered a speech on “EOS Network—an enterprise-grade blockchain operating system” during the press conference. He highlighted the EOS EVM project, which brings Ethereum compatibility to EOS and promotes interoperability between EOS and Ethereum.
Gall also mentioned that their Japanese partner, PassPay, has obtained a virtual asset service license from the Japanese Financial Services Agency and will issue JPYW Japanese stablecoin based on the EOS EVM solution.
The Power of EOS Network
The EOS Network is a reliable and robust layer 1 blockchain that has seen zero downtime since its launch in 2018. It offers exceptional speed, scalability, and ease of use, setting new standards in the blockchain industry. EOS is transforming sectors like gaming and finance with its ability to handle thousands of transactions per second.
EOS EVM: Bridging EOS and Ethereum
EOS EVM is an early initiative of the EOS Network Foundation that brings Ethereum compatibility to EOS. Launched in April 2023, it enables greater interoperability between EOS and Ethereum by bridging their virtual machines into one. This opens up a wider range of applications that can be built on EOS.
Partnership with PassPay
EOS has partnered with PassPay, a Japanese company holding the only license in Japan for a regulated stablecoin for the Japanese Yen. This partnership demonstrates EOS’s potential in the stablecoin sector for everyday banking applications, expanding its reach and capabilities in the financial sector.
EOS Ecosystem and GameFi Applications
EOS’s ecosystem includes successful GameFi applications like Upland and PlayZap, which provide a user-friendly gaming experience while leveraging blockchain technology. These applications showcase the vast potential and capabilities of EOS, transforming digital spaces and creating new opportunities for businesses and developers.
EOS: A Catalyst for Change and Growth
EOS not only provides a platform for digital innovation but also acts as a catalyst for change and growth. It paves the way for digital economies to thrive, promotes financial inclusivity, and positions countries like Turkey as leaders in the global digital landscape. This presents an opportunity for the world to realize the full potential of decentralized systems and experience their benefits.
Hot Take: EOS Labs and CoinTR Collaborate to Boost Turkish Blockchain Ecosystem
EOS Labs’ strategic partnership with CoinTR to establish the Turkey Web3 Industry Lab is a significant step towards injecting vitality into the Turkish blockchain ecosystem. By leveraging blockchain technology, this collaboration aims to support Turkey’s technological transformation and industrial upgrading. The partnership highlights the potential of EOS in promoting interoperability between EOS and Ethereum through initiatives like EOS EVM. Additionally, EOS’s partnership with PassPay showcases its capabilities in the stablecoin sector. With successful GameFi applications and a commitment to change and growth, EOS is driving innovation in various sectors while paving the way for a future where decentralized systems thrive.
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