On Tuesday, the Zilliqa team announced via a blog post that the Zilliqa Group has partnered with EMURGO, a blockchain technology company that facilitates commercial adoption of the Cardano blockchain.
The partnership focus extends beyond interoperability between the Cardano and Zilliqa blockchains. The collaboration will help enhance network interoperability and user flow between both ecosystems and strengthen the economic security of respective networks by bolstering interoperable liquidity channels.
It will also leverage Cardano-related Web3 technologies provided by EMURGO, including stablecoins and headless wallet infrastructure, to apply to tokenizing luxury assets on Zilliqa. Finally, the partnership will support Cardano’s distributed governance by joining and participating in Intersect’s community-led initiatives.
Zilliqa (ZIL) is one of the world’s first blockchains being built on a sharded architecture and features smart contracts written in the platform’s proprietary programming language: Scilla. ZIL is trading at $0.01345 at press time, up 1.5% in the last 24 hours.