Ant Financial and Wings have reached a comprehensive strategic cooperation to jointly develop markets and blockchain technology

Decentralized DAO platform Wings (wings.ai) and blockchain digital asset platform Antshares (antshares.org) announced today at the London Blockchain: Currency Conference that they have reached a comprehensive strategic partnership to jointly develop markets and blockchain technology.

Wings combines crowdfunding with swarm decision-making mechanisms, applying decentralized prediction markets to project financing and governance, and anyone with a smart device can easily access it. Antminer is a decentralized network platform based on blockchain technology, which digitizes real-world assets and enables financial transaction processes such as registration, issuance, trading, settlement and payment through a peer-to-peer network.

This strategic cooperation will enable overseas DAO projects to enter the Chinese cryptocurrency community, and Chinese startups to showcase their talents in the European and American communities. In addition, the two parties will cooperate on common business opportunities and drive innovation in the entire ecosystem through jointly participating in hackathon activities.

The cooperation will also promote the blockchain technology ecosystem and establish safer standards for projects and enterprises when using their respective platforms for financing. The two teams specifically mentioned that they will cooperate on the following issues:

1. Develop the Opcode-based Ant Virtual Machine and the JavaScript-to-Opcode compiler for integrating Wings, Wings’ DAO, and the Ant Blockchain.
2. Research and develop atomic swaps to support cross-chain.

“We are excited about our partnership with Ant Financial and hope to introduce more DAOs to the world,” said Stas Oskin, head of business development and core developer at Wings. “Wings’ DAOs will now be able to enter the Chinese market through a well-respected local partner and add a very valuable technology platform to the expansion of the Wings ecosystem.”

“Similar to Ant Financial, Wings is also focused on empowering various startups and innovative ideas in the growing decentralized blockchain technology industry,” said Li Yiling, head of overseas markets at Ant Financial. “Our collaboration with Wings will focus on pioneering the technological frontier and bridging the gap between the Chinese and Western markets. It will provide a cross-border, cross-cultural example for a truly decentralized future.”

The Antminer blockchain was launched on October 17, 2016, and its native token, Antshares, has been listed on multiple exchanges, such as Bittrex and Yunbi. Currently, three startups have tried using the Antminer blockchain for asset tokenization and registration, and more projects are coming. Antminer is considered the first Chinese original open source blockchain project to enter the Western community, and the official said that more than half of the participants in its crowdfunding activities are from overseas.

Wings is currently in the pre-alpha stage and will officially start crowdfunding on November 18, with 5 levels of financing goals and a total upper limit of 30,000 bitcoins. The crowdfunding funds will be used to develop a complete and usable platform and ecosystem to drive the development and use of DAO technology, especially in project forecasting, financing and governance.