Two crypto giants, NAGA and Ontology, have just announced a groundbreaking arrangement: the two have joined forces to make a “significant and powerful change” in the space of crypto business. The firms will work together to develop high-performance public blockchains for the crypto market, along with a series of complete distributed ledgers and smart contract systems.
NAGA is providing the world’s first platform to trade any sort of financial instrument or virtual good in a safe and transparent way. Ontology, on the other hand, presents a distributed trust collaboration platform powered by a high-performance public blockchain.
The partnership of these two companies will be focused on application development, outreach, incubation, and building new breeds of public blockchain infrastructures. The ambitions are big with the aim being, to support real business applications and even more practical industry scenarios.
Here is what NAGA Founder and Executive Director Yasin Sebastian Qureshi says:
We think that this partnership can really change the way crypto companies act and execute their promises. Our and Ontology’s precision and hard-working ethos will help us to not only deliver products ahead of the roadmap, but to also make them more reliable and more valuable for the whole community.
NAGA Founder and Executive Director Benjamin Bilski also added:
We are super excited about the Ontology project and we are eager to announce new developments in cooperation with the platform. We believe that it will help to boost and grow our business exponentially.
Likewise, Ontology Founder Jun Li also expressed his excitement over the strategic partnership, stating:
We are happy to welcome NAGA to build up the application ecosystem through wielding Ontology’s next-generation public chain infrastructure […] We feel confident that together we can open up the international market, expand the Ontology ecosystem, and advance global blockchain development.*
*All quotes were taken from the official press release.
NAGA Project Status
The impact of this partnership on the crypto market as a whole is impossible to determine. However, when two of large players in the market decide to partner up, it improves the overall ecosystem and promotes crypto space growth.
NAGA is already working on a number of projects, including its NAGA WALLET, NAGA TRADER, NAGA CARD, NAGA COIN (NGC) and several others. NAGA boasts one of the largest crypto related ecosystems, and partnering with Ontology will enable them to share their strength and capacities to improve their products and take them to the next level.
The main idea that lies beneath NAGA’s drive is financial inclusion to individuals all over the world accompanied by the best products the industry can offer. Meanwhile, Ontology is focused on standing by the trust, identity and data exchange, being designated for the insurance industry, governmental and medical sphere. The scope of Ontology is ideally suited to help NAGA ecosystem provide even more efficiency and trust.