Four major Web3 partners have joined the COTI ecosystem!
Following our recent announcement, which saw MyEtherWallet, Hacken, and others joining COTI to explore fast, lightweight, on-chain privacy, we‘re thrilled to reveal that our ecosystem is expanding once more!
Today, we welcome four exceptional blockchain companies to COTI: Bancor, Syncra, Band Protocol, and NFA. Each brings a wealth of expertise across a wide range of Web3 sectors, including DeFi, DAOs, and Oracles. Together, we will unlock new applications for privacy technology, broadening its use across new and diverse use cases.
“COTI is thrilled to be working such high calibre partnerships, led by innovators who understand that privacy is more than a feature — it’s a foundation for growth. Together, we’re pioneering a future where data is protected, innovation thrives, and users retain control over what they disclose and to whom.” — Shahaf Bar Geffen, COTI founder and CEO.
Let’s take a closer look at our newest partnerships.
Bancor
Bancor Network is one of the best-known names in the crypto space, having launched their decentralized liquidity protocol on Ethereum back in 2017. Today, they remain one of the mainstays of DeFi, with their flagship Carbon DeFi dApp offering flexible liquidity, with decentralized limit orders, and other advanced features.
COTI will collaborate with Bancor, pending governance approval, to integrate COTI’s tech stack into Carbon DeFi and Arb Fast Lane, their decentralized arbitrage bot that automatically identifies and executes chain-wide opportunities. The result will offer versatile and private functionality for traders, and promises to be an exciting milestone both for COTI and for the wider DeFi space! We’re excited to bring you more detail on this integration soon, which will also use capabilities provided by Band Protocol (another new COTI partner!).
Syncra
COTI’s privacy technology serves a wide range of use cases, not least confidential voting, an important application for voter integrity. We’re therefore very excited to be involved in making this use case a reality through our partnership with Syncra: a powerful no-code solution for deploying private DAOs on-chain.
Voter privacy is a key principle in most democratic systems, but the transparency of the blockchain means it has not always been possible for Web3 organizations. Syncra’s integration of COTI’s privacy layer will enable the creation of confidential DAOs, allowing Web3 communities to conduct votes without revealing how they have voted, or their vote weight. This is vital for fair and effective governance of decentralized protocols.
We will be working with Syncra to build a set of tools that encompasses a wide range of governance models. These include both token-based and wallet-based DAO structures, and basic, weighted, multiple-choice, and single-answer voting mechanisms, as well as vote delegation and many other features.
Band Protocol
Band Protocol, a secure, scalable and blockchain-agnostic decentralized oracle platform, is set to be deployed to the COTI L2.
By design, blockchains are siloed from the outside world, ensuring that their security is preserved by a set of validators following the same rules. However, this means they cannot access external data without using additional services, known as oracles. That flow of information from third-party sources must avoid introducing single points of failure for dApps.
The Band Protocol integration will allow data to move freely from all around the Web3 ecosystem, including both popular EVM and non-EVM chains, enabling COTI’s dApps to access information from a wide range of events and feeds, trustlessly. We can’t wait to bring you more updates on this important collaboration.
NFA
First launched on Telegram, NFA (Not Financial Advice) brings together crypto’s social elements and trading landscape with AI data analysis. Described as the “first decentralized crypto hedge fund experiment”, NFA aggregates information from a wide range of sources — including X, Telegram, Discord, TradingView, key news outlets, and on-chain transactions — and uses machine learning to provide actionable opportunities.
NFA is a fascinating tie-in between AI and crypto, and COTI’s technology will offer the critical dimension of confidentiality, providing further value to the project’s thriving community of traders, influencers, and content creators who all contribute to the protocol’s success. Stay tuned for more on this use case!
The range of new partnerships announced today, show both the flexibility of COTI’s garbled circuits, and the growing interest in exploring new implementations of privacy technology.
As Shahaf added, “Privacy is not just a narrative; it’s a meta-narrative, a building block essential for every sector in the decentralized world. We’re excited to redefine what’s possible in decentralized finance, AI, governance, and beyond, with partners who share our vision for a secure and scalable Web3.”
We look forward to bringing you more information in the coming weeks.
Find out more about how COTI is building a universal privacy layer for Web3 at COTI.io.
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