Zilliqa Group and EMURGO partner to bridge Cardano and Zilliqa ecosystems

Zilliqa Group, the web3 platform behind the Zilliqa (ZIL) blockchain, has partnered with EMURGO, the blockchain company supporting Cardano (ADA) development and adoption.

This alliance aims to create a bridge between the ADA and ZIL blockchain ecosystems, leveraging the strengths of both platforms to promote interoperability and innovation.

In a joint announcement on Tuesday, the two companies highlighted their commitment to building an interoperable ecosystem that integrates Cardano’s and Zilliqa’s respective technologies and expertise.

Why this partnership matters

The collaboration between Zilliqa and EMURGO goes beyond basic network interoperability.

According to the companies, their alliance will enhance liquidity and governance, driving innovation within the #Web3 space for developers and users on both platforms.

Cardano’s robust ecosystem, which includes stablecoins and wallet infrastructure, will also be integrated into Zilliqa’s tokenization market.

As part of the partnership, Zilliqa Group has joined Intersect, Cardano’s governance group, further solidifying its involvement in the Cardano ecosystem.

Key upgrades: Cardano’s Chang hard fork and Zilliqa 2.0

The partnership follows closely after the recent Chang hard fork on Cardano, a significant milestone in the blockchain’s Voltaire era, which introduced decentralized governance.

Meanwhile, Zilliqa is preparing for its Zilliqa 2.0 upgrade, aimed at improving network interoperability.

Zilliqa 2.0 will introduce compatibility with the Ethereum Virtual Machine (EVM), as well as new features like a cross-chain broker and customizable xshards, designed to enable a multi-chain decentralized application (dApp) ecosystem.

These enhancements are expected to position Zilliqa for further growth, particularly with the network already processing over 68 million transactions and surpassing 4.7 million registered wallets.

Max Kantelia, CEO of Zilliqa Group, expressed optimism about the partnership, stating,

Collaborating with EMURGO and the Cardano ecosystem marks a significant step forward in building a more inclusive, scalable, and accessible blockchain future. By prioritizing interoperability, both the Zilliqa and Cardano networks stand to benefit from enhanced liquidity, governance, and shared innovation

Price movements: ZIL and ADA

Despite the positive developments, both Zilliqa (ZIL) and Cardano (ADA) have seen little movement in their respective token prices.

As of this writing, ZIL was trading at approximately $0.0133, flat over the past 30 days, and significantly down from its year-to-date high of $0.04.

Resistance around the $0.014 level continues to challenge bullish momentum.

Cardano’s ADA has also faced price challenges.

After a delay in the Chang hard fork announced by Cardano founder Charles Hoskinson in August, ADA saw further declines despite the upgrade taking place as scheduled on September 1.

ADA recently hit lows of $0.30 and continues to struggle, trading at around $0.33. If the current market conditions persist, ADA may retest its $0.30 support level.

The broader cryptocurrency market’s performance, impacted by factors such as the US economy, Federal Reserve interest rate decisions, and global geopolitical tensions, will likely influence the future trajectory of both ZIL and ADA.

In the short term, both tokens could face continued pressure unless market conditions improve.

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