In a recent announcement, the BUILD.5 association has joined forces with NMKR to integrate Cardano Tokenized assets into its enterprise platform. This partnership will also lead to the expansion of digital twin capabilities on the Cardano blockchain.
BUILD.5, known for its development of Cardano-based NFT and asset tokenization products, will now incorporate Cardano Tokenized assets into its enterprise platform through its collaboration with NMKR. This partnership will allow enterprises to leverage the digital twin capabilities on the Cardano blockchain.
Adam Kundrat, the lead developer and creator of the BUILD.5 platform, expressed his satisfaction with the partnership, stating that NMKR’s design philosophy and approach align perfectly with BUILD.5’s vision for web3 challenges. The addition of NFT and tokenization features from NMKR will enable BUILD.5’s enterprise customers to mint digital twins on Cardano, thereby expanding the impact and reach of both projects and the L1s they support.
The report highlights the Tokenization of Real World Assets (RWA) as a crucial step towards wider adoption of decentralized technology. It emphasizes the transformation and digitization of industries through confidential computing, cloud, edge, federated AI, and other technologies. The BUILD.5 enterprise platform is specifically designed to address the mass adoption challenges of decentralized technology. It offers a unified interface, modular features, and underlying infrastructure that seamlessly integrate with existing enterprise systems.
One of the notable features introduced by BUILD.5 is the BUILD.5 Marketplace, which distinguishes itself from traditional dApp stores. This marketplace acts as a master planning system, providing ecosystems that leverage the platform the ability to create their own decentralized economies of scale and expandable service capacities. It allows integration of various web3 flavors.
At the core of the platform is the iDOS Framework, which is exclusive to the IOTA network. The iDOS framework comprises a suite of production tools and other features that are essential for the operation of the platform.
The BUILD.5 team takes pride in their battle-tested code base, which enables them to quickly iterate with their enterprise partners and add new features and demos at an accelerated pace. The demand for their platform is evident, as global enterprises have been engaging with the BUILD.5 team to execute their strategic plans. The team even delivered a custom use case within just five days for one of their Fortune 100 partners.
In response to this announcement, NMKR has experienced a surge of 6% in the last 24 hours and a 17% increase over the past seven days. NMKR also recently announced its collaboration with Wolfram Blockchain Labs (WBL), a subsidiary of Wolfram Research, to help organizations achieve their Web3 goals.
Patrick Tobler, the CEO and founder of NMKR, expressed excitement about working with Wolfram Blockchain Labs, stating that this partnership will enable them to create the best possible solution for the NFT community.
For more information on Cardano and its features, you can refer to our recommended resources, including a Cardano buying guide, Cardano wallet tutorial, and real-time Cardano price updates. Stay tuned for more Cardano news and updates.