Blockchain
Unbound and KeyFi Form Strategic Partnership to Redefine Crypto Key Management for Non-custodial Pooling of Digital Assets
Unbound Tech, global leader in cryptographic key management and protection, today announced that it has entered into a strategic partnership with crypto-asset security startup KeyFi, Inc. (“KeyFi”) to develop specialized software and services using secure multi-party computation (MPC).
The initial solution released under this partnership enables institutional-grade key management for continuous and automated staking of the QTUM cryptocurrency and will quickly expand to support other crypto assets and value-added services. As part of this relationship, Unbound and KeyFi are also announcing the first of many native DeFi MPC modules for Unbound Tech: non-custodial stake-pooling for groups of distributed, trustless participants through shared vaults.
KeyFi will release the first version of its key management platform in Q2 2020 with a consortium of partners including Celsius Network and Monarch Wallet. KeyFi’s platform, built upon new developments in Unbound’s Crypto Asset Security Platform (CASP) enables users to securely manage their keys, while at the same time offering rails for an array of value-add DeFi services. By combining the low cost of MPC-based self-custody with the value created by seamlessly accessing DeFi services such as staking, lending, and derivative products, KeyFi customers will be able to significantly increase the potential lifetime value of holding a coin while simultaneously reducing their cost and complexity of custody.
“For too long, secure key management has been a problem that has hindered the widespread adoption of digital assets such as cryptocurrencies,” said Professor Yehuda Lindell, CEO and Co-Founder of Unbound Tech. “The traditional means of safeguarding private keys that control these assets have proven to be cumbersome, insufficiently flexible or difficult to implement at scale. Unbound’s CASP, in partnership with KeyFi’s enterprise solutions, will enable users to more easily add digital assets to our MPC-based platform while also utilizing DeFi services such as staking.”
“KeyFi was formed for two reasons,” said Cindy Zimmerman, Co-founder and Lead Security Engineer of KeyFi. “First, to support projects that want professional investor adoption and enterprise support by quickly offering MPC-based wallets and services. Second, to simplify key management processes while adding functionality to support novel value-added DeFi services — such as continuous and automated staking — that coin-holders deploy to maximize the value of holding that coin. By combining MPC-based key management with DeFi services, KeyFi will significantly lower the lifetime cost of custody for many institutional coin-holders.”
“It’s an incredible honor for QTUM to be the first cryptocurrency supported jointly by KeyFi and Unbound Tech,” said Patrick Dai. “This is particularly appealing for the QTUM ecosystem because the Unbound-KeyFi custody solution is a tremendously enabling tool for businesses that will lend new opportunities to QTUM holders. Since the blockchain space has such a well-recorded history of security lapses, we are glad to see companies make key management easier to implement, especially for staking.”
SOURCE Unbound Tech
Blockchain
Revolutionizing Fintech: 6G Digital & Rune Nilsson’s FlexM Global in a Bold $12.5M Deal Shaking the Banking Industry
Blockchain
Teletubbies Digital Companions to Launch on the Tezos Blockchain
MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.
The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.
Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.
Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”
Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”
The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.
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