Synergistic effect with the WEMIX3.0 ecosystem, business expansion to India
Project led by India's biggest crypto exchange founder and veteran blockchain architect
SINGAPORE, Oct. 19, 2022 /PRNewswire/ -- Wemade announced a strategic investment in Shardeum, an Indian blockchain project. The company aims to seek synergistic effect through working with Shardeum for WEMIX3.0, its blockchain mainnet. Business expansion to India is also planned.
Shardeum is the world's first EVM(Ethereum Virtual Machine)-based sharded blockchain mainnet. With dynamic state sharding technology, the blockchain can linearly scale and increase TPS(transaction per second) with every node added to the network, and the network can maintain low gas fees indefinitely.
The project, which is also India's first mainnet, is led by Nischal Shetty, founder of India's biggest crypto exchange WazirX and Omar Syed, a veteran blockchain architect.
"Shardeum's excellent technology and the potentials of the project and...
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