Blind Boxes Announces Strategic Partnership With e-Money
Blind Boxes, the world’s first gamified aggregator for non-fungible tokens (NFTs) is continuing its relentless pursuit of strategic partnerships within the decentralized finance (DeFi) ecosystem, to enhance the user experience for its community. As such, the team is pleased to announce a collaboration with e-Money, a Danish blockchain project built on Cosmos.
How It Works
e-Money issues asset backed (by bank deposits), interest bearing stable coins such as eEUR (Euro), eDKK (Danish Krone), eNOK (Norwegian Krone), eSEK (Swedish Krona) and eCHF (Swiss Franc) for the European market, with a host of additional currencies pegged for release in H2 2021 as well. Furthermore, the fidelity and transparency of these stable coins is ensured by Ernst & Young through quarterly Proof of Funds.
Holders of e-Money’s suite of stable coins benefit from value increases during periods of positive interest rate, and are protected from peg breaks during times of negative interest rates.
Another key feature of e-Money’s protocol is its interoperability with multiple blockchains. e-Money has already integrated with blockchains like Ethereum and Elrond, with several more such as Avalanche, Binance Smart Chain and Elrond in the pipeline.
Blind Boxes & e-Money
The strategic collaboration with e-Money will enable Blind Boxes to explore e-Money’s suite of asset backed, interest bearing stable coins. Access to these stable coins will accelerate adoption amongst their European user base, who would look to purchase Blind Boxes in their native currencies. Moreover, the partnership will also provide awareness to each other’s communities and respective projects.
Says Anita Angelica Moore, Co-founder & CEO, Blind Boxes: “In a truly digital world, it is imperative that we think globally and customise our user experience to cater to diverse regions and communities. Our partnership with e-Money will offer us a strategic advantage with our European customer base and as such, we are pleased to explore synergies with them.”
“The NFT ecosystem is evolving at a rapid pace and presents us with an excellent market to tap into. We are confident that our expanding range of interest bearing European stable coins offers various benefits to this growing community and are excited to explore a partnership with Blind Boxes, one of the leading projects in the NFT Metaverse” says Martin Dyring-Andersen, CEO & Founder, e-Money.
About Blind Boxes
Blind Boxes is a gamified curation platform and launchpad for NFTs (non-fungible tokens). This highly scalable dApp enables brands and creators to diversify their revenue streams, increase the liquidity of their creative assets, and become leaders in decentralized global economies, while engaging fans and buyers to discover and collect rare, limited edition NFTs.
Via the Blind Boxes Marketplace, buyers experience the thrill of time-released curated NFT collections. Collectors virtually unbox exclusive items, curated by tastemakers across art, music, sports, and entertainment. Curation is at the core of our value proposition. The platform offers a commission structure that incentivizes independent contributors to curate blind box collections that feature top-tier talent, emerging artists and designers from around the world.
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e-Money pioneering blockchain sectors first interest-bearing stablecoins
The e-Money protocol is built for the issuance of a range of interest-bearing currency-backed stablecoins reflecting various world currencies. Each token is backed by a reserve of assets denominated in its underlying currency. e-Money currently supports the Euro (EUR), Swiss Franc (CHF), Swedish Krona (SEK), Norwegian Krone (NOK) and the Danish Krone (DKK) with a host of additional currencies pegged for release in 2021. The project is dedicated to total transparency with quarterly reserve audits performed by Ernst & Young.
Unlike most existing stablecoins which aim to maintain a static 1:1 peg with their underlying assets, the value of e-Money’s currency-backed tokens continually shifts in line with the interest accrued on the reserve assets. This means that holders benefit from the interest accrued on their assets while they sit securely in your wallet. The e-Money blockchain supports instant payments at scale and includes a DEX for easy conversion between currencies. e-Money expects to integrate with Cosmos Hub, Ethereum and Avalanche in the first half of 2021.