Coin98 Makes Strategic Investment in TomoChain, Solidifying Partnership in Blockchain Infrastructure
Coin98 has made an exciting announcement regarding its strategic investment in TomoChain, a highly scalable and secure blockchain network. This move marks a significant step forward in Coin98’s efforts to expedite infrastructure development. Furthermore, Coin98 will now serve as the official wallet of TomoChain, facilitating the onboarding of millions of users to the Web3 sphere through the combined power of Coin98 and TomoChain.
Coin98 announces strategic investment in @TomoChainANN to keep expediting infra building 🏗️
Following that, @coin98_wallet is becoming the official wallet of this layer-1 blockchain, onboarding the next millions of users to #Web3.
Read more 👉https://t.co/tFapQ9oJdH pic.twitter.com/iWedunyVMw
— Coin98 Labs (@coin98_labs) May 25, 2023
TomoChain has been operating as a highly scalable and secure blockchain network since 2018. It offers full support for EVM-compatible smart contracts, protocols, and atomic cross-chain token transfers. Leveraging its expertise and cutting-edge technology, TomoChain has successfully attracted millions of new users to the Web3 space.
Coin98’s decision to back TomoChain demonstrates its commitment to driving industry adoption. The company firmly believes in the potential of infrastructure scalability, particularly in the realm of layer-1 blockchains, to overcome existing barriers and enhance the usability of decentralized applications.
Moreover, Coin98 is actively engaged in onboarding new users to the Web3 landscape through its partnership with TomoChain. As the official wallet of this layer 1 blockchain, the Coin98 Community stands to benefit from long-term advantages and opportunities within the TomoChain ecosystem.
Vinh The Nguyen, CEO & Co-founder of Coin98 Finance, expressed the alignment between Coin98 and TomoChain’s shared vision. He emphasized their commitment to onboarding millions of users by integrating innovative technology that simplifies the blockchain experience while retaining its underlying benefits. Coin98 has consistently supported projects that offer scalable solutions and contribute to infrastructure development, thereby accelerating the adoption of Web3.
Long Vuong, the Founder of TomoChain, spoke about the collaboration with Coin98 and its potential to further expand their team, attract builders to the network, and facilitate the onboarding of millions of users. The partnership represents an exciting new journey for both companies.
Coin98 and TomoChain share a common goal of making Web3 accessible to everyone. They aim to revolutionize the ecosystem and enable a seamless transition from Web2 to Web3 in the near future.
TomoChain, known for its scalable blockchain powered by Proof-of-Stake Voting (PoSV) consensus, has been in operation since 2018. Taking a community-driven approach, TomoChain seeks to accelerate the mass adoption of Web3 applications. It boasts impressive metrics, such as 2000 transactions per second (TPS), 2-second block time, and minimal gas fees, all while maintaining decentralization.
For those interested in learning more about TomoChain, they can visit their website, blog, or follow them on Twitter and Telegram.
Coin98, on the other hand, is a DeFi product builder that focuses on creating and developing an ecosystem of DeFi protocols, Web3 applications, and NFTs on multiple blockchains. The company aims to fulfill untapped demand and enhance the usability of DeFi services, making them accessible to a broader audience.
In conclusion, Coin98’s strategic investment in TomoChain and their new role as the official wallet of the network signals a promising development in the blockchain industry. By combining their resources and expertise, Coin98 and TomoChain are set to reshape the Web3 sphere, making it more accessible and user-friendly for individuals worldwide.
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