Crypto Project BLOCKS DAO Announces Partnership with HUMBL
BLOCKS DAO, LLC recently announced a new strategic partnership with HUMBL with the goal of experimenting with the capabilities and limitations of blockchain technology, bridges and sidechains.
Who are BLOCKS and HUMBL?
BLOCKS is a growing project that aims to help migrate industries around the world to blockchain. The company sees this as the best way to improve traditional industries while driving blockchain adoption and increasing its utility.
So far, the company has had a mix of blockchain and non-blockchain partnerships, indicating that there is interest among non-blockchain companies, and even entire industries, to see the company’s mission come to fruition.
Meanwhile, HUMBL is a project that aims to connect both consumers and merchants to the digital economy, and then connect them with each other. HUMBL is a new digital way to use money and is considered an early stage FinTech company.
Strategic collaboration between HUMBL and BLOCKS
As mentioned, the two companies recently announced a strategic partnership and have already started experimenting with blockchain capabilities. The firms are focusing on the use of bridges, to increase interoperability in the blockchain sector – which is essential for the arrival of Web 3.0 – and of sidechains, which have become essential to reduce gas costs, especially when it comes to the NFT market. .
NFTs exploded in 2021, but for the most part they are still too expensive to manage due to poor scalability. However, both companies are convinced that side-chain experimentation can provide a solution that will reduce gasoline costs for NFTs by up to 98%, improve storage of NFT metadata through modalities such as video and broadcast. music, and even create an improved “Verified by BLOCKS”. Which would help clients track, verify and authenticate their NFT holdings anywhere in the world.
It’s also worth noting that HUMBL is just the first of many companies in the Blocks Builders program. All the companies in the program will take advantage of the different modules of Blocks Builder to create better solutions and products with BLOCKS.
What to expect from the partnership?
So what will this partnership bring in concrete terms? Well, given that HUMBL’s NFT customers include many professional and even Olympic athletes, as well as musicians, it means that many more of them will have the opportunity to launch their own NFT collections in the near future.
In addition, the partners also plan to experiment with BLOCKS builder’s blockchain plug-in modules through a variety of modalities. Some examples include payments, real estate on HUMBL Wallet, ticketing, etc. In other words, the companies plan to use their partnership to bring more new, innovative, advanced and practical solutions that will help improve current industries, while simultaneously helping to develop the growing NFT market by removing some of the barriers. which are currently still in its path. The modules are already live in the github BLOCKS repository as well as for other potential BLOCKS builders to consider implementing in their businesses.
Adam Wolfe, BLOCKS senior blockchain consultant, commented on this issue, noting that each technology cycle has involved consumer packaging companies and the network they operate on. With this in mind, the partnership between HUMBL and BLOCKS will strive to achieve the same. The goal is to give global consumers a smarter blockchain grid, as well as a simple layer of packaging on top of that grid.
The partnership will certainly be interesting to follow and see where the joint research and investigation into blockchain capabilities leads the two companies, as their findings could potentially solve problems in the broader blockchain industry.