- SYS Labs introduced Tuesday the acquisition of FortKnoxster.
- FortKnoxster is a crypto safety firm that secures and futureproofs Web3.
- SYS Labs will leverage its acquisition to launch an AI-powered social cryptography dApp named SuperDapp.
SYS Labs mentioned in a press launch Tuesday that it has reached an settlement to amass cryptosecurity agency FortKnoxster.
SYS, greatest identified for constructing infrastructure, dApps, and different instruments to construct layers of Web3, has additionally launched an AI-powered social cryptography dApp named SuperDapp in addition to a brand new utility token as a part of acquisition.
The main points of the merger
SYS Labs’ merger with FortKnoxster will broaden its Syscoin ecosystem into the areas of cryptosecurity and the decentralized social market. SuperDapp, identified internally because the “killer app”, will provide communication options widespread to social apps, however will probably be designed for security-conscious crypto customers.
The merger is partly based mostly on “all purposes” which might be widespread in lots of Asian markets, SYS Labs President Jagdeep Sidhu mentioned within the press launch. SuperDapp will “deal with the necessity for a lot of of those options” when launched in Q2.
FortKnoxster CEO and co-founder Niels Klitsgaard commented:
The acquisition by SYS Labs is an thrilling step for our firm and validates the exhausting work our staff has put into creating modern applied sciences. This assimilation marks a brand new chapter of our potential, as SYS Labs has what it takes to make sure the long run growth, growth and consciousness of our mission.
The AMA will happen on Friday
The FortKnoxster staff is internet hosting an “Ask Me Something” (AMA) occasion on Friday. Among the many matters to be mentioned are how present holders of the FortKnoxster FKX token will be capable of commerce for the brand new SuperDapp token.
Past the AMA, SYS Labs and FortKnoxster will present updates on the partnership and the safety options it can present to the cryptocurrency, blockchain, and decentralized social market communities.
