If you’re following our cryptocurrency articles, you must have gone through COSMOS crypto project a.k.a ATOM Coin. COSMOS is the first blockchain project that solved the concerning problem of every blockchain i.e Interoperability.
It helped blockchains turn interoperable without compromising security and scalability. Blockchains can use COSMOS Hub to communicate, share files or transact with each other effortlessly. This also gave birth to noteworthy projects built using COSMOS SDK like Terra blockchain, Thorchain (RUNE Crypto), Osmosis and more.
Although the project has proven its worth, the same isn’t yet reflected in its price action. Critics believe that the price is very undervalued and has the potential to hit $100 anytime in the bull run. Today, we take a look at COSMOS recent partnerships which may propel the price action beyond $100 mark and establish COSMOS dominance in the crypto space.
COSMOS Crypto (ATOM Coin) Partnerships –
Listing the major partnerships that are shaping the future of the COSMOS ecosystem.
FORTE (Blockchain Gaming):
Forte is a blockchain platform for games. It helps build essential gaming infrastructure for game developers like wallet integration to store virtual assets, NFTs and much more. It is not an ordinary platform, it has raised $185 million in Series A funding led by Griffin Gaming Partners.
Forte has created over 10 million wallets, minting over 5 million NFTs and amassed over 8 million monthly active users within a short span of time.
Partnering with Forte will give COSMOS access to a wider audience and exposure. COSMOS developers will work with Forte to ensure smoother onboarding of third party game developers on the COSMOS technology and integrate their games with the COSMOS network.
Forte will also add COSMOS native currency ATOM and other COSMOS friendly currencies i.e stablecoins to the Forte ecosystem which can be used as payment or collateral for users. This will increase the utility of the ATOM token and enhance the experience for players and developers.
COSMOS and Forte is working towards building an economic infrastructure around gaming communities starting with ATOM Coin
Wormhole Bridge Enters COSMOS Ecosystem:
Wormhole is the cross-chain bridge that smoothens the process of cross-chain crypto interactions, especially for the layer 1 chains. Popular crypto chains like Ethereum, Solana or Avalanche have difficulty communicating with each other which affects the transfer of the assets from one chain to the other.
Wormhole solves this issue by locking the tokens into the smart contract & wrapping up the assets representing the same value of the token without losing credibility.
Wormhole has partnered with Injective, an EVM chain to communicate with COSMOS. By allowing the wormhole ecosystem to be a part of COSMOS via injective, the team has opened its gates for new use cases and more transactional opportunities.
Terra COSMOS IBC Integration (likely dead deal):
Terra blockchain is built on COSMOS SDK. Its stablecoin UST is the fifth largest stablecoin by market cap. It recently activated COSMOS IBC (Inter-Blockchain Communication protocol) connecting with the COSMOS hub and bringing LUNA token, UST and other revolutionary protocols direct to the COSMOS ecosystem.
An estimated $18 billion worth of digital assets will join the interconnected COSMOS network post this activation. At first, Terra will be focusing on activating IBC with LUNA and UST. This step will be followed by the popular DeFi protocols running on its ecosystem like Anchor and Mirror Protocol.
Terra users can seamlessly connect with other IBC enabled chains including COSMOS Hub (ATOM), Osmosis (OSMO) and Crypto.com (CRO). Interoperability between the chains is just the tip of the iceberg, the best part will be the vast flow of liquidity between the chains.
This will enrich the trading experience on COSMOS DeFi protocols like Gravity DEX, OSMOSIS etc.
Note: Terra COSMOS partnership is buried under water after the LUNA Crash
COSMOS Banking Partnership:
Supported by COSMOS scalable and interoperable blockchain stack, Asia Digital Bank Ltd (Labuan Investment Bank) in partnership with Bianjie (blockchain tech company) plans to build a digital infrastructure that supports the integration of centralized and decentralized financial services.
Using COSMOS built technology, users can manage both centralized bank accounts as well accounts on distributed ledger (decentralized) through COSMOS Hub. This step will drive blockchain adoption at an enterprise level.
Moreover, it will provide more transparent, secure, cost-effective and legal financial services to consumers and enterprises that can be accessed from anywhere across the globe.
Asia Digital Bank will be the first self-service financial platform for digital asset transactions across the globe using blockchain technology.
COSMOS New Blockchain (SAGAN):
COSMOS is building a new blockchain this year named SAGAN. The new blockchain is under development and shall work as testnet for projects before onboarding on the COSMOS network.
What KUSAMA is for Polkadot Crypto blockchain, SAGAN will be for COSMOS blockchain.
COSMOS is a proven technology. It has filled the much-needed gap and helped rescue blockchain technology from tribalism and limitation. Equipped with interoperable and scalable features, the team has worked hard and offered solid products to the developers like COSMOS SDK and IBC.
Recently, it has shifted its focus towards developing its ecosystem which gave rise to numerous apps like Gravity DEX (its own decentralized exchange). The team is turning stones and making solid partnerships which clearly highlights their focus towards expanding the reach of native ATOM coin and penetrating the market.
As I explained in my video, COSMOS is a sleeping giant and is ready to awake. As an investor, you have to look at the project’s roadmap, partnerships and tokenomics to predict the growth of the ATOM coin. Right now, the fundaments are strong but the technicals are weak.
It may take some time to hit the big $100 but sooner or later COSMOS will reach there.
This completes my post on COSMOS Crypto Partnerships with ATOM Coin potential. In the next post, I will talk about Internet Computer comeback plan (ICP Coin) and Sandbox LAND Sale. If you like the post, please share and educate your friends. Do remember to subscribe to my YouTube channel for more informative content, released every week.
Cryptocurrency is a highly volatile market. All the information shared in the post is for knowledge purpose only. By no means, it’s financial or investment advice. Readers are responsible for their own investment decisions and should only invest in cryptocurrency after proper research.
Paras is a blockchain writer & video creator at Katoch Tubes. In his free time, he loves watching space exploration documentaries & Hollywood movies.