Technical cooperation between different organizations can be easily termed as a symbol of growth and evolution in the industry. These kinds of coming together are specifically relevant in the case of cryptocurrency and blockchain, as it is a segment that is still in its nascent stage.
Digital coins and open ledger technology require a huge push on the part of stakeholders and this is one of the primary reasons why any news of collaboration in this space will be considered as an essential step towards broader adoption of digital assets among the masses.
Crust and Plasm Collaboration
One such news of collaboration came from the house of Crust Network as the company revealed that it has collaborated with Plasm to boost its capabilities in the Layer-2 scaling significantly. In return, Plasm will be benefited from the decentralized storage technology of the Crust.
There is a synergy that can be derived from this association as both companies have found a specific area of collaboration. Just so you know, both companies are members of different industry associations such as Web3 Bootcamp, Substrate builders program, etc.
Conclusion
This collaboration is expected to result in the development of quality products that will enhance the overall utility of the Polkadot ecosystem. This association will also help to usher in the superior approaches and functionality to Web3.0. This, in turn, will have a massive positive impact on the adoption of digital assets and decentralized applications across the domain. More importantly, it will send a positive signal to a range of stakeholders that the industry is evolving and maturing with each passing day.
With more and more companies coming together to collaborate on different managerial and technical aspects to enhance the reach of decentralized technologies, will ultimately make decentralized services more affordable and accessible to the masses. This probably will also convince the government and regulatory authorities to adopt a more open-minded approach to digital assets rather than considering them only as a competitor to fiat money.