As a leading blockchain platform, Icon has been actively seeking partnerships to expand its ecosystem and adoption. Recently, Icon announced a strategic partnership with VELIC, an emerging crypto asset management company. This collaboration aims to develop financial services DApps on Icon’s blockchain. With advanced interoperability through Icon’s loopchain technology, VELIC expects exponential growth in services ranging from crypto lending & borrowing to asset management. Such icon investments partnerships align with Icon’s vision of interconnecting isolated blockchains and facilitating real-world adoption. By supporting partners to build on Icon, investments into the icon ecosystem also indirectly boost icon’s value and use cases.
Partnership with VELIC taps growth potential in crypto financial services
The recently announced partnership between Icon and VELIC highlights the immense potential for collaborations between blockchain networks and crypto financial services. As one of the first integrated crypto asset management platforms, VELIC offers services including crypto vault storage, exchanges, crypto loans, and investment products. After evaluating various blockchain options, VELIC selected Icon due to the scalability and enterprise-grade security provided by Icon’s loopchain technology. In return, by hosting VELIC’s DApps, Icon can leverage VELIC’s global user base to drive adoption among new demographics. Overall, this icon investment delivers technological support to an innovative partner, while fueling the expansion of icon’s blockchain ecosystem.
Ongoing investments to interconnect blockchains and applications
Beyond the VELIC collaboration, Icon continues to invest in partnerships that interconnect isolated blockchains, both public and private. With loopchain as an interoperability protocol, Icon helps partners like VELIC integrate existing systems with blockchain technology. Other icon investments include the partnership withChainlink to bridge real-world data onto Icon’s public blockchain. By incentivizing projects to build on Icon, investments into the icon ecosystem boost the values of icon’s ICX tokens by driving demand and utility. As the network effect grows with new DApps and users, Icon promotes adoption while gathering valuable data to improve its protocol. Ultimately, Icon investments enable collaborations to overcome blockchain hurdles, resulting in new blockchain-powered applications.
In conclusion, recent icon investments reveal strategic priorities to facilitate blockchain adoption while expanding icon’s ecosystem and services. Partnerships with innovative crypto companies like VELIC tap into potential growth verticals. By supporting partners through Icon’s technology and funding channels, investments into the icon ecosystem cultivate an interoperable landscape of integrated blockchains and applications.