- The collaboration is viewed as a critical first step in improving the environment for financial privacy.
- A million-dollar deal supported a strategic relationship between MetaTrust Labs and ChainSwap.
- The two companies want to create state-of-the-art financial privacy technologies for an ecosystem of cross-chain transactions that is safer and more effective.
The firms announced on Wednesday that MetaTrust Labs and ChainSwap have formed a strategic agreement valued at up to $1 million with the goal of improving cross-chain financial privacy. A memorandum of agreement (MOU) is used by the partnership to provide a framework for working together.
There is a solid foundation of trust between the two firms because of the extensive earlier audits and technical exchanges that formed the basis of the cooperation. Its objective is to create an ecosystem for cross-chain transactions that is safer and more effective by developing state-of-the-art financial privacy solutions.
As part of our goal to provide safe and easy transactions between blockchains, this collaboration is an essential first step. Fitzy, CEO of ChainSwap, stated, “Together, we will improve the financial privacy landscape and provide users with a safe and effective cross-chain transaction ecosystem.”
In cross-chain transactions, both businesses place a high priority on security and anonymity. By utilizing cutting-edge AI technologies and community involvement, MetaTrust Labs is committed to building a secure framework for Web3 development, hence improving the security and dependability of blockchain applications.
By developing a cutting-edge layer 5 security cross-chain swap protocol based on Chainlink’s Cross Chain Interoperability Protocol (CCIP) architecture in conjunction with Circle’s Cross Chain Transfer Protocol (CCTP), ChainSwap seeks to bridge the gap between blockchains and enable a more interoperable future.
In order to guarantee the security and integrity of ChainSwap’s smart contract code, MetaTrust Labs will offer expert AI audit services. The company will also provide ongoing security assistance and consulting.
By pooling their resources, expertise, and technological know-how, both sides will help build a Web3 infrastructure that is more reliable, safe, and effective.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
