TechFlow reported that Velo, a blockchain-based global settlement network, together with its partner Lightnet, has announced the signing of a Memorandum of Understanding (MoU) with the Solana Foundation to collaborate on the Laos Gold Project.
Solana will serve as the blockchain settlement layer, while Velo will provide the backbone infrastructure layer and designated clearing houses. This collaboration aims to ensure efficient and secure transaction processing and enhance interoperability across different blockchains.
The partnership unlocks new possibilities for asset transfers and Web3 activities, contributing to the development of the digital financial ecosystem.
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