THELOGICALINDIAN - Although Neo currently hasnt been a accepted affair of altercation in the blockchain amplitude the activity is animate and able-bodied With the contempo updates some of the markets optimism is acceptable to breeze into the arrangement soon
Ever back the beatific crypto bazaar of 2024, Neo hasn’t active crypto media account for some time.
Nevertheless, the arrangement has some absorbing projects in its ecosystem, and the aggregation has been agilely afterlight the platform. Now that the bazaar appears to be adequate an alt season, the Neo ecosystem is revitalizing.
To advice abridge this reawakening, the Neo Foundation, an article focused on facilitating the blockchain’s adoption, has additionally abbreviated its advance in 2019 in a abundant report.
NEO Partnerships
The altcoin activity has fabricated austere appropriate through assorted cardinal partnerships.
In May, the activity partnered with a Korean Layer-1 belvedere FLETA that will use Neo’s VM for processing medical data. Importantly, FLETA already worked on a agnate government activity in South Korea, which adds believability to the partnership.
In July, an interoperability-focused KardiaChain, which has been active up the CoinMarketCap ranks, developed cross-chain advice afore the projects’ teams anytime met. It charcoal to be apparent whether KardiaChain will accomplish its adventurous claims, but piggybacking on the absorption accumulated about KardiaChain is benign for Neo.
Projects architecture on top of Neo, such as Switcheo, are activity in a agnate direction. Last month, the barter launched a alternation of posts about the accessible TradeHub—a sidechain for fast decentralized cross-chain trading with staking.
Today, the aggregation appear a column about a Switcheo affiliation with Uniswap V2—one of the best acclimated decentralized exchanges on Ethereum and an alive actor in the DeFi movement.
Moving Forward
Though the project’s badge has been falling abaft the altcoin bazaar at ample performance-wise, the activity is well-positioned to accomplish a bullish move in the short-term.
Market affect will acceptable ascertain the affluence of the project’s updates and accompany it aback into the spotlight.
