Ontology (ONT), a distributed ledger technology (DLT) project that claims to be focused on building a high-performance public blockchain and a distributed trust collaboration platform, has joined forces with Operaweb browser, to facilitate the growth of decentralized finance (DeFi) and decentralized applications (dApps), according to a Medium blog post
Ontology has just announced its cooperation with Opera Browser in DeFi and dApp. Through this cooperation, Opera intends to introduce Ontology’s public chain technology to its browser, which will bring more active ONT ID users to the Ontology blockchain.
Founded in 1995 in Norway, Opera is the first browser with Web 3 support and built-in Crypto Wallet and has 320 million Opera users worldwide. Ontology will work jointly with Opera to build a bridge that helps connect all real businesses.
Opera Ally with Ontology
Ontology (ONT), the blockchain project powering the 24th largest cryptoasset in the world, has inked a strategic partnership deal with Opera browser in a bid to expand its platform.
Reportedly, the collaboration will enable Opera to integrate Ontology’s public chain technology into its browser and make it easier for more ONT ID users to access the Ontology distributed ledger. For the uninitiated, the ONT ID is a decentralized identification protocol that supports self-management, privacy protection, security, decentralization, and ease of use.
The ONT ID protocol is powered by smart contracts in the Ontology blockchain and ONT ID follows a decoupled design that makes it implementable on a vast array of blockchains.
The Ontology team firmly believes that the collaboration with Opera will enable it to build a solid bridge for the latter’s 320 million users and all credible businesses looking to tap into blockchain technology.
Since launching its mainnet a year ago, Ontology has continued to gain significant traction in the blockchain ecosystem. In April 2019, reports emerged that the Paxos team had chosen Ontology as the preferred network for the launch of the Paxos stablecoin. On June 2, 2019, the Ontology team announced the partnership with Hexlant, a South Korea-based blockchain technology and cryptocurrency laboratory, as part of a larger plan to boost Ontology adoption.
Recently, Ontology announced its partnership with Hexlant, a blockchain technology laboratory in South Korea, in cryptocurrency technology.
The partnership will help expand the Ontology ecosystem. The proposed roadmap includes the Ontology node supporting, wallet app, dApp accelerator program, and developer community building.
According to the announcement, Hexlant will support Ontology token (ONT) and Ontology gas (ONG) storage and remittance through its node API solution. In addition, SK Planet Syrup Wallet, an affiliate platform, will allow users to deposit, withdraw and stake ONT and ONG as well.
At press time, ontology (ONT) has a market capitalization of $692 million, with a price of $1.40 per token as seen on CoinMarketCap.
Opera Fostering Mainstream Crypto Adoption
Since it joined the blockchain technology and cryptocurrency bandwagon by integrating a cryptocurrency wallet in its browser earlier in July 2018, Opera has been digging deeper into the decentralized and borderless world of cryptos.
At the time, Opera made it clear that it was determined to use its platform to support the mainstream adoption of dApps and the world’s first Web 3.0 compliant browser has been fulfilling that promise.
Earlier in May 2019, BTCManager reported that Opera had announced plans to integrate TRON (TRX) and other TRC-standard tokens into its crypto wallet and on June 26, Opera launched the iOS version of its blockchain-ready browser called Opera Touch.