TLDR
- With a goal of improving Web3 infrastructure, Singularity Finance and Functionland, through its Crestal brand, announce their collaboration.
- Crestal will merge its functions into the SFI ecosystem, providing essential tools for both blockchain development and deployment.
- This collaboration emphasizes AI and tokenization of real-world assets as key focus areas.
- The FULA token is set to make its debut on the SFI mainnet as part of this collaboration effort.
- The two companies are striving to make blockchain development simpler and increase the appeal of Web3.
Singularity Finance announced today a new partnership in collaboration with Web3 infrastructure provider Functionland , marking a significant stride in enhancing blockchain development capacities. This partnership incorporates Functionland’s Crestal platform into the SFI ecosystem to better equip developers.
As part of the new partnership, Crestal is integrating its development tools directly into the SFI ecosystem, allowing for blockchain solutions specially optimized for the SFI network to be built and deployed.
This partnership addresses a critical demand within the blockchain arena, offering upgraded tools to developers crafting decentralized applications. Crestal’s platform employs a modular methodology, referred to as a ‘Lego platform,’ enabling developers to merge various components for their blockchain creations.
Central to this collaboration is the anticipated FULA token launch on the SFI mainnet, representing a tangible link between the two platforms and their communities.
Amaury Dalleur, who leads incubation at Singularity Finance, provided insights into the partnership’s purpose.
Dalleur remarked, 'Integrating Crestal with the SFI ecosystem is paramount for enhancing developer infrastructure.'
He underscored how the partnership aligns with SFI’s dedication to AI and real-world asset tokenization.
Highlighting the synergy between the two companies, Ehsan Shariati, Functionland’s founder, noted, 'Singularity Finance offers the perfect ecosystem for Crestal's blockchain infrastructure to flourish.'
The partnership is notably focused on bolstering projects dealing with AI and tokenizing real-world assets. These segments are pivotal growth areas in the blockchain field where specialized tools and foundational infrastructure are in high demand.
Joint efforts by both companies aim to make blockchain development more effective. Crestal seeks to streamline the journey from initial design to mainnet implementation, cutting down on the technical challenges that often delay blockchain projects.
This aligns seamlessly with SFI’s broader strategy as an AI-centric EVM-compatible Layer 2 blockchain, emphasizing the migration of AI activities onto the blockchain, including the tokenization of AI-driven assets and services.
The partnership encompasses plans for technical integration across both platforms. Developers will gain access to Crestal’s tools via the SFI ecosystem, fostering a more efficient development workflow.
For those in the blockchain development realm, this partnership means new tools and resources are now within reach. Developers working with SFI will have expanded choices thanks to Crestal's infrastructure when creating and deploying their applications.
Beyond just integration, the collaboration explores new strategies to support the broader adoption of Web3. Both companies aim to make blockchain technology more accessible to a diverse range of developers and users.
The technical specifics of this integration include features that allow for the creation of blockchain architectures from scratch and tools for their mainnet deployment, prioritizing speed, quality, and security in the development process.
This partnership announcement comes amidst both entities' ongoing efforts to broaden their influence in the Web3 space. Singularity Finance remains a key part of the SingularityNET ecosystem, while Functionland further develops its Crestal-branded infrastructure solutions.
Developer teams from both sides will collaborate on executing the integration. This involves generating comprehensive documentation and resources to assist developers in utilizing the new capabilities and tools.
