HAVAH forms a strategic collaboration with Klaytn Foundation

HAVAH and Klaytn establish a strategic partnership for the IOK (Ignite On Klaytn) initiative, in which HAVAH will serve as an NFT bridge on Klaytn and upcoming integrated chains.

HAVAH on its part, is a new-age interchain platform. However, Klaytn is a public blockchain focused on BFT (Byzantine Fault Tolerance) that is incredibly efficient. Its sole goal is to meet the reliability standards of an enterprise. With an eye toward eliminating any barriers to end user adoption, Klaytn is also working to streamline the industry’s adoption process of its technology, which includes lowering the cost of running blockchain applications and ensuring instantaneous finality.

In accordance with the terms and conditions that the two firms have agreed upon, HAVAH will function as an NFT bridge on Klaytn in conjunction with the upcoming integrated chains through the association and with the IOK (Ignite On Klaytn) initiative in particular. Klaytn will participate as a HIIP (authenticator) within HAVAH as part of a planned token exchange between the two parties.

HAVAH will connect with the GC of the soon-to-be-incorporated chain in exchange. In addition, both businesses will support one another in the near future to develop their partnerships in a number of areas, including DeFi, RWA, GameFi, and NFT.

In order to ensure that digital assets can be used without restriction on network speed, Team HAVAH will keep working toward that goal.

In addition to the latest collaboration, HAVAH and Solana partnered on blockchain innovation in October 2023. Solana (SOL) is a flexible global blockchain network with a variety of applications. HAVAH desired to include Solana’s digital assets in its network. Both fungible and non-fungible tokens were integrated. The cooperation aimed to exploit these resources and obtain further opportunities.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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