Blockchain
A Web3 know-how firm, Digital Nation Builders, just lately mentioned it acquired FHM, the agency that created safcoin, South Africa’s touted first proof-of-work cryptocurrency to checklist on a worldwide alternate. On account of the Web3 agency’s acquisition of FHM, the cryptocurrency will now “checklist and merge all its digital use-cases and platforms into the brand new VNB-built Cowrie alternate and partnerships.”
Supporting Purchasers’ Digital Wants
Digital Nation Builders (VNB), a Web3 know-how agency, just lately revealed it had acquired FHM (Pty) Ltd., the South Africa-based creator of what’s dubbed Africa’s first cryptocurrency — safcoin.
In an announcement, VNB, which is 30% owned by the blockchain regulation agency Schindlers Attorneys, described the mixture of the 2 companies as an vital step that can assist their respective “purchasers’ digital wants within the Web3 revolution.”
On account of FHM’s acquisition by VNB, the safcoin cryptocurrency, which was launched in 2018, “will checklist and merge all its digital use-cases and platforms into the brand new VNB-built Cowrie alternate and partnerships.”
Commenting on the plans to checklist on extra exchanges, Neil Ferreira, the co-founder and CEO at FHM, mentioned:
Along with VNB, we plan to increase our world attain with extra worldwide alternate accomplice listings. We had good assist from the worldwide crypto market with our first itemizing, and we’re proud to be flying the SA [South African] flag into the worldwide crypto sphere.
Described as South Africa’s first proof-of-work cryptocurrency to checklist on a worldwide alternate platform, safcoin is reportedly traded on Hotbit and Chainex.
Blockchain Enabled Alternatives
In the meantime, Maurice Crespi, a accomplice at Schindlers Attorneys and the CEO of VNB, is quoted within the assertion touting the 2’s firms’ involvement within the profitable public sale of the non-fungible token (NFT) of former South African president Nelson Mandela’s arrest warrant.
“The sale gave a glimpse of the probabilities provided by the digital realm by means of virtualisation. The alternatives that blockchain allows and its functions are now not restricted to finance. The usage of blockchain—and particularly good contracts—might be utilized in numerous industries, together with neighborhood upliftment and enterprise effectivity,” Crespi defined.
