2 years ago
A Web3 exertion company, Virtual Nation Builders, precocious said it acquired FHM, the steadfast that created safcoin, South Africa’s touted archetypal proof-of-work cryptocurrency to database connected a planetary exchange. As a effect of the Web3 firm’s acquisition of FHM, the cryptocurrency volition present “list and merge each its integer use-cases and platforms into the caller VNB-built Cowrie speech and partnerships.”
Supporting Clients’ Digital Needs
Virtual Nation Builders (VNB), a Web3 exertion firm, precocious revealed it had acquired FHM (Pty) Ltd., the South Africa-based creator of what is dubbed Africa’s archetypal cryptocurrency — safcoin.
In a statement, VNB, which is 30% owned by the blockchain instrumentality steadfast Schindlers Attorneys, described the operation of the 2 businesses arsenic an important measurement that volition enactment their respective “clients’ integer needs successful the Web3 revolution.”
As a effect of FHM’s acquisition by VNB, the safcoin cryptocurrency, which was launched successful 2018, “will database and merge each its integer use-cases and platforms into the caller VNB-built Cowrie speech and partnerships.”
Commenting connected the plans to database connected much exchanges, Neil Ferreira, the co-founder and CEO astatine FHM, said:
Together with VNB, we program to widen our planetary scope with much planetary speech spouse listings. We had bully enactment from the planetary crypto marketplace with our archetypal listing, and we are arrogant to beryllium flying the SA [South African] emblem into the planetary crypto sphere.
Described arsenic South Africa’s archetypal proof-of-work cryptocurrency to database connected a planetary speech platform, safcoin is reportedly traded connected Hotbit and Chainex.
Blockchain Enabled Opportunities
Meanwhile, Maurice Crespi, a spouse astatine Schindlers Attorneys and the CEO of VNB, is quoted successful the connection touting the two’s companies’ engagement successful the palmy auction of the non-fungible token (NFT) of erstwhile South African president Nelson Mandela’s apprehension warrant.
“The merchantability gave a glimpse of the possibilities offered by the integer realm done virtualisation. The opportunities that blockchain enables and its applications are nary longer constricted to finance. The usage of blockchain—and specifically astute contracts—can beryllium applied successful assorted industries, including assemblage upliftment and concern efficiency,” Crespi explained.
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