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Coin98, a decentralized finance solution offering diverse financial services on several blockchains, has announced an exclusive partnership. As per the platform, it is integrating Skate (a platform to provide unified liquidity) to make the Web3 mechanisms more user-friendly and accessible. The firm revealed this development on its official account on the social media forum X.
🌟Coin98 Super Wallet now integrates @skate_chain – the only universal application layer that empowers apps to run on 1000s of chains with one state.
— Coin98 Super Wallet (@coin98_wallet) May 29, 2024
Update #Coin98 Super Wallet and Embrace Skate for #Multichances today! 👉 https://t.co/ZqQsRDmCC8
Read more about this… pic.twitter.com/X9Ktsintw8
Coin98’s Integration of Skate Testnet Targets Simplifying Multi-Chain Interactions
In its recent blog post, the company expressed the integration of Skate Testnet. It is a universal app layer to empower applications to operate on thousands of blockchains with 1 state. The platform mentioned that the blockchain sector is swiftly evolving with several scaling solutions. Nonetheless, this provides challenges such as app fragmentation as well as pressuring users and developers with app management.
These problems cause higher costs and inefficiencies. Nevertheless, both the collaborators have a shared vision of increasing the user-friendliness and accessibility of the Web3 systems. Skate has been rebranded from its former name Range Protocol. It now presents a Universal Application Scope to unify and streamline the multi-chain realm. It permits the developers and consumers to interact with one interface for accessing each network.
This enables the unification of liquidity and the elimination of the requirement for more than one interaction. With this, Skate brings significant enhancement to the blockchain experience. The integration of the Skate Testnet lets Coin98 consumers conveniently restore or create Skate wallets. Additionally, they can link Coin98 Wallet to take part in the SkatePark event and gather Ollies.
The Company Urges Users to Upgrade to Leverage Skate
They can also participate in Skate’s community with a matchless user experience. Skate has become a part of the ranks of more than a hundred blockchains. They have now matchlessly integrated into the wallet of Coin98. This development plays the role of a landmark in the multichain journey of Coin98. Moreover, the firm invites people to leverage the latest developments.
The company also provided stepwise instructions for the development of a unique multi-chain wallet. Along with that, the platform urged the users to update their Coin98 Super Wallet. By doing this, they can reportedly leverage the facilities that Skate provides. With a shared vision to revolutionize Web3 accessibility, both entities look to further the partnership.