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- SYS Labs introduced Tuesday the acquisition of FortKnoxster.
- FortKnoxster is a crypto-security firm that secures and futureproof Web3.
- SYS Labs will leverage its acquisition to launch an AI-powered social crypto dApp named SuperDapp.
SYS Labs stated in a Tuesday press launch it reached a deal to amass cryptosecurity firm FortKnoxster.
SYS, finest identified for creating infrastructure, dApps, and different instruments to construct layers of Web3, additionally launched a synthetic intelligence powered social crypto dApp named SuperDapp together with a brand new utility token as a part of the acquisition.
The merger particulars
SYS Labs’ merger with FortKnoxster will broaden its Syscoin ecosystem into the cryptosecurity and decentralized social market areas. SuperDapp, internally often known as the “killer app”, will supply communication options widespread in social apps however might be designed for security-conscious crypto customers.
The merger is partly primarily based on “every thing apps” which might be widespread in lots of Asian markets, SYS Labs President Jagdeep Sidhu stated within the press launch. SuperDapp will “reply the necessity for a lot of of those capabilities” when it’s launched within the second quarter.
FortKnoxster CEO & Co-Founder, Niels Klitsgaard commented:
The acquisition by SYS Labs is an thrilling milestone for our firm and validates the exhausting work our crew has devoted to constructing modern applied sciences. This assimilation marks a brand new chapter for our potential, as a result of SYS Labs has what it takes to make sure the longer term growth, growth, and consciousness of our mission.
AMA to be held on Friday
The FortKnoxster crew is internet hosting an ask me something (AMA) occasion on Friday. Amongst matters to be mentioned contains how current holders of the FortKnoxster token FKX will have the ability to swap for the brand new SuperDapp token.
Past the AMA, SYS Labs and FortKnoxster will present updates on the partnership and the safety options it’s going to present to the cryptocurrency, blockchain, and decentralized social market communities.