An announcement has been made by NEM Foundation and NEM Labs that a joint statement has been released. In the NEM’s official Twitter account shared the proposal made by both NEM Foundation and NEM Labs. The joint report highlighted, “Both NEM Foundation and NEM Labs will work together to accomplish this as part of the same ecosystem.”
The memorandum of understanding (MoU) has been signed between KeySafeBank, NEM Singapore, and PAL Network. The Director of KeySafeBank explained, “With NEM offering smart asset blockchain platform and PAL Network as the leader in crypto asset insurance, this partnership brings an enhanced value proposition to our crypto customers in secure custody and protection.”
A partnership has been recently established between Cryptaur, the NEM, and ProximaX. Dimitri Buriak, the CEO of Cryptaur explained, “ProximaX will be an important element in ensuring user confidence in the Cryptaur platform. In the near future, we plan to implement the storage of personal documents of our participants based on ProximaX, reliably protecting them with modern encryption algorithms.”
Kind Heaven has recently unveiled their plan to partner with NEM to integrate blockchain technology in building one-of-its-kind entertainment hub. The CEO of Immersive Artistry for Kind Heaven, Cary Granat explained, “Experiences at Kind Heaven will be unlike anything is seen before, and we believe NEM provides an ‘A-level’ approach and a top-of-the-line, proven system to make this possible.”
The VNX Exchange has associated with NEM blockchain. The entities are aimed to develop protocols and standards for operating security tokens on the NEM blockchain. The association would enable the UC funds to take part in the initial security token offerings with the issuance of XEM cryptos on the VNX platform. The companies would also unveil a liquidity programme.
An announcement has been made by a start-up Liven regarding its partnership with NEM which aims to enable the token XEM to be used by the Australian in paying for their meals. According to the report, the users will be rewarded 10-30 percent of their bills from any restaurant on Liven’s payment network where they can choose to spend or donate the reward to charity.
The Gifto, a blockchain integrated decentralized application (dApp) ecosystem, has declared its association with NEM aimed at enhancing scalability and lessen costs. The Gifto would be exploring the NEM blockchain for tapping scalability to its blockchain services compared to its existing Ethereum network. The company has been examining the new blockchain technology beyond Ethereum.
The X Motion Pictures (XMP) has associated with CopyrightBank aimed at registering its films on the NEM blockchain. The CopyrightBank adopts the NEM blockchain in order manage crypto assets and their management paperwork. The founder and the CEO of CopyrightBank, David Oh stated that the partnership “will deliver a 21st-century copyright solution to the filmmaking industry.”
The blockchain platform NEM has associated with the Lufthansa airlines, Microsoft and Unibright to integrate the use of blockchain in businesses. Factors that attract blockchain adoption are Visual Workflow Designer, Contract Lifecycle Manager, Explorer, and Connector. The Lufthansa’s Dr. Jorg expressed, “It’s a great opportunity to really get your feet wet with blockchain for business.”
The UK Financial Conduct Authority has issued a warning against Good Crypto company that impersonated as authorized Arup Corporate Finance firm to trick investors. The bogus firm’s website is found live with its wallet supporting cryptos including Bitcoin, Ethereum, Ripple, NEM, and Dash. The crypto firms and crypto activities are not regulated by the FCA.