Hong Kong, 21st March 2024 – Coinweb, a leading layer 2 interoperability platform, is pleased to announce its collaboration with TiFi, a decentralised e-commerce platform. This partnership represents a significant milestone in advancing the adoption of blockchain technology in the e-commerce sector, empowering merchants and customers with enhanced inclusion, trust, transparency, and efficiency. Coinweb Labs has extended a grant to support the integration of the Coinweb Protocol for TiFi.
TiFi, dedicated to reshaping e-commerce engagement through decentralisation, is thrilled to join forces with Coinweb Labs. This collaboration marks a pivotal moment in the progression of Web3 technologies, offering merchants and customers unprecedented accessibility, engagement, and monetisation opportunities in the realm of online shopping.
TiFi’s mission is to revolutionise e-commerce by establishing a fully decentralised platform accessible to all users. Leveraging blockchain technology, TiFi aims to address the challenges posed by traditional e-commerce platforms, including trust, transparency, and efficiency. With a focus on democratising e-commerce, TiFi seeks to empower merchants and customers worldwide.
Recognising the significance of decentralised e-commerce in driving innovation and inclusivity, TiFi has chosen to integrate with Coinweb. Coinweb, with its expertise in blockchain solutions, will provide essential infrastructure support to TiFi, including cross-chain token issuance, routing, load balancing, and customised reactive smart contracts. This strategic integration enables TiFi to leverage the full potential of Web3 technologies, establishing a robust cross-chain financial ecosystem for decentralised e-commerce.
Commenting on the partnership, Maxime – TiFi’s CEO stated, “Our collaboration with Coinweb Labs marks a pivotal moment in our journey to redefine e-commerce engagement. By integrating with Coinweb’s cutting-edge platform, we are poised to unlock new opportunities for merchants and customers, fostering a decentralised and inclusive e-commerce ecosystem.“
Toby Gilbert, CEO and Co-Founder of Coinweb, emphasised the significance of the partnership, stating, “We are excited to partner with TiFi to empower merchants and customers with enhanced accessibility and engagement in the Web3 landscape. By providing essential infrastructure support, Coinweb Labs aims to facilitate TiFi’s mission of revolutionising e-commerce engagement through decentralised technologies.“
With a shared commitment to innovation and decentralisation, TiFi and Coinweb Labs are poised to drive sustainable growth and adoption of Coinweb’s technologies in the e-commerce sector, empowering merchants and customers worldwide.
About TiFi
TiFi, short for “The Integrated Finance,” is a visionary Silicon Valley-based company on a mission to revolutionise the world of e-commerce through blockchain technology. Founded in 2022, TiFi has rapidly emerged as a key player in the blockchain and cryptocurrency space, offering innovative solutions that bridge the metaverse and the real world. Its groundbreaking e-commerce platform is designed to empower users to shop, trade, and exchange real-world products with its flagship Stateful Universal Token (SUT), ushering in a new era of commerce.
About Coinweb
The Coinweb Protocol is a groundbreaking Layer 2 cross-chain computation platform that uniquely combines Scalability with Interoperability, setting new standards in the blockchain industry. It enables the seamless operation of decentralised applications across multiple blockchains, effectively merging them into a unified ecosystem. This innovative approach empowers developers to leverage the strengths and functionalities of each blockchain, optimising performance and versatility.
About Coinweb Labs
Coinweb Labs is a design and build consultancy that specialises in creating custom-built and turnkey solutions for decentralised applications interacting with the Coinweb Protocol. Coinweb Labs has recently launched a $10m Grant Programme to help incentivise and accelerate the development of projects looking to build on the Coinweb Protocol.