EVM blockchain functionality

[Marsellas]

I really want such projects to develop. It is very interesting to see how the projects in which you invest are growing, and not even financially, but emotionally.

Emotinally these new NFT brands and platforms help people overcome the pandemic, its obvious. And its a great opportunity to make some extra money, since all of bussineses slowed down

No bussiness are doing great since they interfere with NFT and provide their services with crypto currency

Unfortunately not all bussineses have the opportunity to make it in the NFTs

[Marsellas]

The new functionality will help smart contracts and applications from other blockchains migrate to the Crypto.org ecosystem.



In the coming months, the Crypto.com blockchain will allow Ethereum-based projects to migrate to their ecosystem through virtual compatibility. Ethereum machine or EVM. The company has also unveiled an appropriate fund to support interested projects.

According to the company's Friday public announcement provided to Cointelegraph, the EVM feature will launch on the Crypto.org blockchain on July 14 this year. "EVM support will be implemented as a side chain," the statement said.

Crypto.com is currently a prominent face in the crypto space, with its CRO asset ranked among the top 50 cryptoassets by market cap on CoinMarketCap at the time of posting. Crypto.com launched its Crypto.org blockchain network in March 2021.

By adding EVM to the Crypto.org network, the company hopes to increase the flexibility of its blockchain within the larger crypto ecosystem. “EVM support will allow for easier portability of applications from other networks, leading to exponential growth of the Crypto.org ecosystem, a fully decentralized, open source, open source network with high speeds and extremely low fees,” said Crypto.com CEO and Co-Founder. Chris Marshalek said in a statement.

In addition to advertising the upcoming EVM functionality, a new funding source for startups in the industry has also been unveiled, the statement said.Called the CRO EVM Fund, it will target early stage projects developing on the Crypto.org blockchain. The foundation expects to provide 100 projects with significant capital to help them in their endeavors, and is spearheaded by Particle B, the startup accelerator. Startups can get a maximum of $ 1 million from the fund.

“EVM support makes it easy to get started,” Particle B founder Gary Ohr said in a statement, adding:

“Projects can count on us much more than initial funding. As a founder and CTO, I am well aware that startups need ongoing support. We will work closely with our portfolio companies as we integrate and together build the Crypto.org Chain ecosystem.

Crypto.com hasn't been the first one to start such a platfrom so why would they take the name of a currency? that is confusing ti lots of people

Well if this domain is free why not use it? yes it is quite a big statemnet to name your platform like that