Life Wallet integrates Fantom Blockchain to provide high-throughput cross-chain capabilities to users worldwide
Fantom’s enterprise-class smart contract platform will unlock a wide range of new use cases for Life Wallet’s rapidly growing user base
Victoria, Seychelles, Dec. 15, 2022 (GLOBE NEWSWIRE) — Life Wallet, the world’s first multi-blockchain non-custodial digital wallet service, has integrated the Fantom blockchain to provide unmatched speed, security, reliability and an expansive suite of dApps and digital assets to Life Wallet’s rapidly growing platform. The development was overseen by GDA International, which provides digital asset companies with access to growth capital and financial advisory services that help stakeholders navigate the digital asset landscape.
As a fast, high-capacity open source smart contract platform designed specifically for digital assets and decentralized applications, Fantom is recognized as a game-changing pioneer in the crypto space. Using a consensus algorithm called aBFT or Lachesis consensus, Fantom allows developers to build peer-to-peer applications without having to create their own network layer. This allows Fantom to drive near-instant transfers that are secure and scalable. The platform is also Ethereum compatible.
With over 200 dApps already deployed on Fantom – from DEXs and cross-chain bridges to performance optimizers, NFT platforms, GameFi applications, wallets and more – Fantom’s new integration with Life Wallet represents a major step forward for Life Wallet and the wider blockchain ecosystem as a whole.
Life Wallet has streamlined digital asset transfers, enabling users to send and receive such assets using simple @usernames instead of complicated public keys. This will help integrate new users into the blockchain and Web3 spaces and significantly reduce the adoption barriers currently facing users in the digital asset space. As part of this initiative, Fantom Foundation will reserve the usernames of @Fantom and @FantomFoundation in the Life Wallet application.
In accordance Life Wallet founder Patrick Andras: “From Curve and Sushi to 1 Inch and beyond, Fantom powers some of the most recognizable and effective dApps on the market. Thanks to our recent launch of purchasing usernames and simplified transfers of digital assets made possible via @usernames, we’re powering a new wave of innovation and user use cases across crypto, blockchain, Web3 and digital assets and Fantom’s capabilities built into our multi-chain architecture will add security, reliability, speed and depth to our offerings.”
Michael Gord, CEO of the GDA Group of Companiesso: “Life Wallet is the first multi-blockchain wallet in the world to offer the ability to make transfers to a single username. By creating a functional transfer bridge between blockchains and adding the performance-focused capabilities of Fantom, Life Wallet and its username functionality will be a game changer for both retail and corporate concerns in the future.
Life Wallet’s integration with Fantom comes days after GDA International (formerly known as Assets International), a digital asset capital markets advisory firm, acquired all the assets and IP of Life Wallet with plans to grow and expand the service as Wallet International, Ltd. , which will operate as a subsidiary of the GDA Group of Companies.
GDA Group, Life Wallet and Fantom are setting the stage to deliver meaningful advances for users in the areas of convenience, value creation and reach across a wide range of industry verticals. To learn more about Life Wallet’s suite of services, how to get your personal @username, or for the Life Wallet project roadmap, please visit https://lifecrypto.life/.
About Life Wallet
Life Wallet is a highly secure and multi-chain, non-custodial wallet that allows users to trade digital assets via username. Users can exchange Life’s native token for hundreds of different digital assets, on/off ramp fiat, and buy and sell usernames and NFTs through a native marketplace. Life Wallet is on its way to being the most used app for all individuals who dabble in crypto. Learn more at https://lifecrypto.life/.
About Phantom
Fantom is a high-performance, scalable, EVM-compliant and secure smart contract platform built on the Lachesis consensus mechanism. This makes Fantom a leaderless, asynchronous and Byzantine fault-tolerant Layer-1 blockchain protocol that delivers fast transaction speeds, low transaction costs and deterministic finality. This is achieved while remaining permissionless, decentralized and open source. Learn more about Fantom at https://fantom.foundation/.
About GDA International
GDA International provides digital asset companies with access to growth capital, as well as capital markets advisory services that help stakeholders navigate the digital asset landscape. GDA International’s leadership team has experience spanning the entire blockchain industry, including venture capital, private equity, trading, token economy, token development, and multinational enterprises to digital asset partnerships.
Media contact:
Robert Pennington
