According to official news, EMURGO, a blockchain technology company focused on Cardano, announced a strategic partnership with Zilliqa Group, a Web3 and metaverse venture capital institution for the luxury and entertainment industries, using Web3 technologies such as the Zilliqa blockchain. The focus of the cooperation is not only on interoperability between Cardano and Zilliqa blockchains, but will also include the following areas:
-Enhancing network interoperability and user traffic between the two ecosystems;
-Strengthening the economic security of each network by strengthening interoperable liquidity channels;
-Using Web3 technologies related to Cardano provided by EMURGO, including stablecoins and wallet infrastructure, for the tokenization of luxury assets on Zilliqa;
-Supporting Cardano's distributed governance by joining and participating in Intersect community-led initiatives.