With a mission to support innovative technologies like blockchain, Crypto.com announced today that the company has developed a partnership with Singapore Blockchain Innovation Programme (SBIP). The digital exchange has joined SBIP as a Gold Member to facilitate the adoption of blockchain across untapped business sectors.
Launched in December 2020, SBIP is a national-level collaboration anchored at the National University of Singapore to discuss the applications of blockchain technology in the region. The $12 million project received backing from Enterprise Singapore (ESG), Infocomm Media Development Authority (IMDA) and the National Research Foundation Singapore (NRF).
Crypto.com highlighted the importance of a multichain network. According to the exchange, the research efforts from SBIP will play an important role in the overall growth of the global crypto and blockchain ecosystem.
“SBIP’s research in blockchain scalability is vital to the crypto industry. More efficient networks increase the number of processed transactions per second (TPS) and also allow for lower gas fees, making the worlds of DeFi, NFTs and GameFi affordable for more users. SBIP’s research in blockchain interoperability is another key motivation for our support of the programme. We expect the future of crypto to be a multichain one, allowing users to move funds from one blockchain to another in an easy but secure manner,” Henry Hon, PhD and Head of Research at Crypto.com, commented.
Crypto.com in 2021
Crypto.com announced several partnerships this year to increase the adoption of digital assets and blockchain technology. Moreover, the company inked sponsorship deals to increase its brand awareness in different parts of the world. Earlier this month, the exchange became the sponsor of the LA-based Angel City football club.
“The second focus area of blockchain interoperability will work towards the goal of seamless exchange across blockchain systems and addressing the current challenges of siloed blockchain networks,” Crypto.com explained the details of its latest partnership with SBIP.
