A Web3 know-how firm, Digital Nation Builders, lately mentioned it acquired FHM, the agency that created safcoin, South Africa’s touted first proof-of-work cryptocurrency to listing on a worldwide alternate. Because of the Web3 agency’s acquisition of FHM, the cryptocurrency will now “listing and merge all its digital use-cases and platforms into the brand new VNB-built Cowrie alternate and partnerships.”
Supporting Shoppers’ Digital Wants
Digital Nation Builders (VNB), a Web3 know-how agency, lately revealed it had acquired FHM (Pty) Ltd., the South Africa-based creator of what’s dubbed Africa’s first cryptocurrency — safcoin.
In a press release, VNB, which is 30% owned by the blockchain regulation agency Schindlers Attorneys, described the mixture of the 2 companies as an essential step that can help their respective “purchasers’ digital wants within the Web3 revolution.”
Because of FHM’s acquisition by VNB, the safcoin cryptocurrency, which was launched in 2018, “will listing and merge all its digital use-cases and platforms into the brand new VNB-built Cowrie alternate and partnerships.”
Commenting on the plans to listing on extra exchanges, Neil Ferreira, the co-founder and CEO at FHM, mentioned:
Along with VNB, we plan to increase our international attain with extra worldwide alternate companion listings. We had good help from the worldwide crypto market with our first itemizing, and we’re proud to be flying the SA [South African] flag into the worldwide crypto sphere.
Described as South Africa’s first proof-of-work cryptocurrency to listing on a worldwide alternate platform, safcoin is reportedly traded on Hotbit and Chainex.
Blockchain Enabled Alternatives
In the meantime, Maurice Crespi, a companion at Schindlers Attorneys and the CEO of VNB, is quoted within the assertion touting the 2’s firms’ involvement within the profitable public sale of the non-fungible token (NFT) of former South African president Nelson Mandela’s arrest warrant.
“The sale gave a glimpse of the chances provided by the digital realm by means of virtualisation. The alternatives that blockchain allows and its functions are not restricted to finance. Using blockchain—and particularly sensible contracts—will be utilized in numerous industries, together with group upliftment and enterprise effectivity,” Crespi defined.