The 2 largest DeFi coin projects of the market announced their giant partners. New collaborations are opening up new avenues for crypto enthusiasts in passive income.
Devi Revolut announces new DeFi coin partner
Digital banking giant Revolut has partnered with 1inch to promote the DeFi-focused crypto “Learn and Earn” course. Developed by 1INCH, the course features three lessons to help users understand the basics of DeFi. These three courses focus on the three branches of DeFi, including how decentralized exchanges (DEX) work, how the 1inch’s “pathfinder algorithm” works, and the management of decentralized autonomous organizations (DAO).
Users will also have the opportunity to earn tokens just by completing their training. Rewards will be made to Revolut crypto wallets in 1INCH tokens.
Learn how @1inch uses an algorithm to offer top rates, and compare crypto trades at the cheapest price, so you don’t have to do it yourself! 🤩
Not regulated. Value may go down. Tax may be payable. pic.twitter.com/hEr1EQlCqX
— Revolut (@RevolutApp) October 31, 2022
Revolut’s general manager of crypto, Emil Urmanshin, made the following statements about the partnership:
We are excited to launch a new series of lessons developed with the highly regarded 1inch Network. This will give customers more insight into different crypto concepts.
1INCH is currently trading at $0.6208. It also has a market cap of around 386. According to CMC data, it ranks 91st in terms of market value.
Filecoin collaborates with powerful names in the Web3 industry
Protocol Labs, the company behind Filecoin, has announced an alliance aimed at helping more companies transition to Web3. There are three important names as co-founders of the industry establishment:
- Computer hardware giant Advanced Micro Devices (AMD)
- Storage device manufacturer Seagate and Big 4.
- Accounting and consulting firm Ernst & Young (EY).
Filecoin allows users to rent storage space on a network that offers decentralized data storage. In particular, the partnership is a major rival to centralized storage providers like Amazon Web Services.
More coverage of this HUGE NEWS!! PL and Filecoin Foundation are thrilled to announce a new partnership with Ernst & Young, AMD, and Seagate to form the Decentralized Storage Alliance to accelerate the adoption of decentralized storage by enterprises. https://t.co/KCPUO57Tl2
— Filecoin SP (@FilecoinSP) October 31, 2022
Filecoin and its partners are laying the foundation for development standards that will help meet decentralized storage needs. They will also form workgroups to address other specific issues that could slow the Web2 to Web3 transition. James Canterbury, partner and director of EY Blockchain, said in the press release:
There is a lag in the adoption of decentralized storage technologies as global data and storage markets accelerate
Meanwhile, the co-founders are not new to the crypto space. AMD’s central and graphics processing units (CPUs and GPUs) have long been used by crypto miners. Seagate had a sales spike last year due to Chia, a blockchain that uses miners’ unused computer storage to validate the network. EY announced a partnership with the Polygon protocol in September 2021 to embed its products on the Ethereum network. In partnership with EY and Polygon cryptocoin.comWe have included it in this article.
