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 world change. 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 change and partnerships.”
Supporting Shoppers’ 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 a press release, VNB, which is 30% owned by the blockchain legislation agency Schindlers Attorneys, described the mix of the 2 companies as an necessary step that may help their respective “purchasers’ digital wants in 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 change 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 change associate listings. We had good help 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 change platform, safcoin is reportedly traded on Hotbit and Chainex.
Blockchain Enabled Alternatives
In the meantime, Maurice Crespi, a associate at Schindlers Attorneys and the CEO of VNB, is quoted in the assertion touting the 2’s corporations’ involvement in 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 way of virtualisation. The alternatives that blockchain allows and its purposes are now not restricted to finance. Using blockchain—and particularly sensible contracts—could be utilized in numerous industries, together with neighborhood upliftment and enterprise effectivity,” Crespi defined.
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