EINDHOVEN, THE NETHERLANDS / ACCESSWIRE / December 21, 2022 / Syscoin, an open source and decentralized project founded in 2014, has announced a long-term partnership with WEconomy, the largest Web3 incubator in Asia. The move marks a significant expansion milestone for the Syscoin ecosystem and its adoption across Asia.

The newly founded WEconomy currently consists of seventy startup projects and DAOs (Decentralized Autonomous Organizations) from across Asia, including China, Taiwan, and Vietnam. Their mission is to have 100 projects inside their incubator and ready to deploy on time with the release of Syscoin Layer 2, called Rollux, in Q1 2023. Rollux is the first EVM-compliant Layer 2 cumulative suite currently positioned to work on the main network.

“We are pleased to welcome WEconomy and look forward to making our mark in Asia. We are about to launch Rollux, the first EVM-compliant Layer 2 complete with rollups and our proprietary data proof availability solution. It will be the first of its kind. to launch on the mainnet next year. This represents a breakthrough in scalability that will usher in mass adoption as we realize the true Web3 experience unhindered by climbing the ceilings in fees,” Jagdeep noted. Sidhu, Lead Core Developer and Chairman of the Syscoin Foundation.”

WEconomy has already been using Syscoin’s NEVM [Layer 1] network and its testnet Rollux [Layer 2] prepare your projects to be ready to go once Rollux is released.

It operates a self-sufficient DAO and continually assesses its members’ progress for accountability.

“WEconomy is a large collection of teams, most of whom are Web2 and eager to migrate to Web3. We recognize that Syscoin’s technology is best suited to help us make this transition thanks to its Ethereum-compatible Layer 2, which is will launch before anyone else. We thank the Syscoin team for all their help and look forward to continuing to work together,” said Kering, director of WEconomy.

Asia is a hotbed of Web3 innovation and home to the largest number of developers within the space. WEconomy establishes a strategic foothold in this important market. According to market research and strategy consulting firm Emergen Research, the Asia Pacific market is expected to experience the fastest revenue growth through 2030.

On

syscoin is a decentralized and open source project founded in 2014 whose NEVM blockchain combines the best of Bitcoin and Ethereum into a single coordinated modular platform. Syscoin ushers in the next step in the evolution of blockchain technology, providing the proven security of Bitcoin and the Turing-complete programmability of Ethereum elevated to true scalability via Optimistic, ZK-Rollups, Cross-chain ZK-Rollups and other Layer 2 technologies.

Website | Discord | Telegram | News | Github | Youtube | Facebook | Twitter | instagram

economy is a Syscoin Web3 incubator for Asia. They are backed by investors and use a DAO model to fund projects accepted into their ecosystem. Developed for Syscoin’s Layer 2 Rollux, it currently hosts seventy projects and aims to hit 100 by the time Rollux hits the mainnet in Q1 2023.

Website | Twitter | Telegram | Discord

Media Contact

dylan stewart
Email – [email protected]

Wang Guo
Email – [email protected]

FOUNTAIN: syscoin