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Orbs Expands to Fantom to Enhance L3 DeFi Capabilities

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Orbs continues to push the boundaries of multi-chain interoperability as part of its Orbs 3.0 roadmap. The next step in the ecosystem expansion involves the Fantom blockchain, a growing force in the decentralized finance industry.

Tel Aviv, Israel–(Newsfile Corp. – March 8, 2022) – The Orbs vision is to create broader interoperability between different blockchains and ecosystems. Following its integration with leading Layer-1 and Layer-2 chains – including Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Harmony – the Orbs ecosystem has now expanded to several dozen of the top DeFi platforms and protocols.

As the DeFi industry grows and evolves, the Orbs team looks for new and exciting opportunities. One such opportunity comes through integrating with Fantom, an up-and-coming blockchain in decentralized finance. Fantom offers high speed and throughput combined with smart contract functionality, overcoming limitations holding back blockchains that came before it.

The year 2021 has been exciting for Fantom, as the EVM-compatible environment now has over 100 DApps deployed on the network and the FTM token notes strong momentum in the market cap department.

Moreover, it is the fifth-largest blockchain by DeFi TVL, sitting at over $7.5 billion. Additionally, Fantom has become an ecosystem for existing DeFi protocols to branch out to, including projects like Multichain, Curve, Beefy Binance, and others. The combination of new projects and gaining support from established protocols confirm Fantom’s momentum continues to grow.

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Similar growth is present for Orbs, as the excitement surrounding the PoS V3 upgrade continues to build. The major protocol upgrade features multi-chain staking on Ethereum and Polygon, which is a game-changer. Additionally, more Layer-3 applications powered by Orbs have come to market, including the recently launched Open DeFi Notification Protocol and vault aggregator Revault Network.

The expansion of Orbs into the Fantom ecosystem strengthens the ORBS token status as a multi-chain asset integrated into all significant blockchains. Moreover, it paves the way for broader collaborative opportunities with top Fantom-native decentralized finance protocols aiming to leverage Orbs’ L3 capabilities.

About Orbs

Orbs is a public blockchain infrastructure designed for mass usage applications. The Orbs protocol is decentralized and executed by a public network of permissionless validators using Proof-of-Stake (PoS) consensus.

Orbs unique features designed for interoperability with EVM-compatible blockchains, together with its decentralized network of nodes, allow it to be set up as a separate execution layer (“L3”) operating to enhance the capabilities of EVM smart contracts. By working in conjunction with other L1 and L2 solutions as part of a tiered blockchain stack, Orbs opens up a whole new spectrum of possibilities for DeFi, NFT, Metaverse and GameFi.

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Orbs was founded in 2017 and launched its mainnet and token in March of 2019. Orbs is being developed by a dedicated team of more than 30 people, with offices in Tel Aviv, London, Singapore, Tokyo and Seoul.

For more information, please visit www.orbs.com, or join our community at:

Contact
Ran Hammer
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/115965

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Bybit Invites Traders to Embark on a Token Treasure Hunt

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Bybit Invites Traders to Embark on a Token Treasure Hunt

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Blockchain

India Electronic Contract Services Market to Worth Over US$ 624.33 Million By 2033 | eSignature Demand Among Financial Institutes to Remain High Says Astute Analytica

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UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System

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The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.

Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.

“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”

ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.

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“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”

The post UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System appeared first on News, Events, Advertising Options.

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