Blockchain
A Web3 know-how firm, Digital Nation Builders, not too long ago stated it acquired FHM, the agency that created safcoin, South Africa’s touted first proof-of-work cryptocurrency to checklist on a world trade. Because 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 trade and partnerships.”
Supporting Purchasers’ Digital Wants
Digital Nation Builders (VNB), a Web3 know-how agency, not too long ago 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 “shoppers’ digital wants within the Web3 revolution.”
Because 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 trade and partnerships.”
Commenting on the plans to checklist on extra exchanges, Neil Ferreira, the co-founder and CEO at FHM, stated:
Along with VNB, we plan to increase our world attain with extra worldwide trade companion 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 world trade platform, safcoin is reportedly traded on Hotbit and Chainex.
Blockchain Enabled Alternatives
In the meantime, Maurice Crespi, a companion at Schindlers Attorneys and the CEO of VNB, is quoted within the assertion touting the 2’s corporations’ 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 chances supplied by the digital realm by virtualisation. The alternatives that blockchain permits and its functions are not restricted to finance. The usage of blockchain—and particularly sensible contracts—might be utilized in varied industries, together with neighborhood upliftment and enterprise effectivity,” Crespi defined.