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Bosch, Microsoft, Google, and other giants are expanding their collaborations in the crypto space. Undoubtedly, these news are highly valuable. Altcoin projects that collaborate with massive corporations stand out positively in the process. At the time of writing this article, LEVER’s price was in double-digit growth thanks to the latest announcement.
Why is LEVER Surging?
Just a few minutes ago, we learned that LeverFi is partnering with Microsoft to launch and develop on-chain decentralized finance solutions that track on-chain portfolios. The latest move will utilize Microsoft Azure OpenAI Service, the market-leading solution for rapid machine learning and big data analytics.
In the first quarter of this year, cyber attacks resulted in a loss of $480 million. The high-risk nature of DeFi has caused many users to lose their trust in decentralized finance, creating a significant barrier that continues to discourage new users.
To overcome these obstacles, LeverFi has developed a new tool with intuitive machine learning capabilities that detect market anomalies and respond to them. This tool, described as an artificial intelligence portfolio management assistant, assists users in navigating the highly complex and fragmented DeFi environment. The product, named Morpheus, is being launched in collaboration with Microsoft.
The announcement from the team stated:
“In addition to Morpheus, we are excited to work with Microsoft on new solutions related to asset tokenization, real-world assets, and on-chain/off-chain settlements, utilizing Microsoft’s world-class scalable artificial intelligence infrastructure. We will continue to guide LeverFi’s efforts and developments in these areas.”
Following the news, the price of LEVER surpassed $0.0017.