FOXChain: ShapeShift Partners with Coinbase Cloud

GM to the beloved FoxFam 🦊

We have exciting news coming up and are thrilled to share them with you! As you've probably seen from the title, ShapeShift DAO is officially beginning to work on FOXChain with the collaborative support of Coinbase Cloud. 🥳

FOXChain will be a data availability network using Tendermint consensus to host blockchain data decentralized. This partnership originated from a proposal by Coinbase Cloud offering expertise in designing, building, and ecosystem development when launching FOXChain. Launching networks can be a difficult task and is made easier by collaborating with reliable partners ─ such as Coinbase Cloud.

With technological and regulatory advancements accelerating the pace of institutional adoption of crypto, the increasing prevalence of proof-of-stake based blockchains — which are now powering a combined market cap of over $200 billion in assets — presents a novel opportunity for institutions and DAOs alike to grow and expand value-added services to their customers such as FOXChain. 📲

To find out more about this collaboration and the newly born idea of FOXChain, check out our Medium article.