Partnerships have been a great way for projects to work around and bring real-life use to their coins and tokens. While many coins have already found great partners, Decentraland too has its right match as the coin announced its recent partnership with smartphone giant HTC.
Decentraland [MANA] price up by 45%
While partnership news has been a positive price mover for most coins and token, Decentraland news of a collaboration with HTC also had a similar impact. As the news of the collaboration hit the street, Decentraland coin broke all resistance levels and had an upward price break out of close to 45%.
Decentraland Partnership with HTC
We’re excited to announce our new partnership with HTC! We’ll be working with HTC to bring the Decentraland ecosystem to the Exodus 1, HTC’s blockchain enabled phone, complete with an integrated hardware wallet. Read more on our blog at: https://t.co/a5g8FhEhry pic.twitter.com/JE6vijVSBC
— Decentraland (@decentraland) February 26, 2019
According to the news, Decentraland will debut on the HTC EXODUS 1, an industry leader in blockchain mobile devices. This means that all the users Decentraland assets can be securely stored in the Zion Vault, the all-in-one private vault on the blockchain. The partnership looks a good match as HTC Exodus and Decentraland are both committed to redefining the way people manage their identities, privacy, cryptocurrencies, and other virtual possessions online.
The phone’s hardware will be storing the private keys and will allow users to secure their Decentraland identities, data, and assets directly in their pocket – totally cutting out the middleman. Decentraland’s LAND (the ERC-721 virtual real estate that makes up Genesis City) and MANA (our Ethereum-based cryptocurrency) will both be supported by the Zion Vault.
HTC has been a pioneer in mobile hardware space and has created foundational technology for mobile and virtual reality technology used around the globe and its Project EXODUS is a smartphone solution that will power the decentralized web- a move towards the future.
The street seems to be happy with the partnership and Decentraland could be in every pocket with HTC Exodus. A definite plus for the coin.
Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Follow him on Twitter at @KoinKing1 or connect with me on linkedin.