The blockchain space is beginning to see quite a number of significant collaborations amongst blockchain projects, as well as with other traditional brands. This time, it is between two blockchain projects – Phore and COTI. While Phore focuses on real-life use cases for blockchain tech, COTI is the world’s first blockchain optimized for payments and stable coins. Both blockchains will be collaborating across several opportunities.

Thomas Amber, the Co-CEO of Phore, on speaking about the collaboration wrote:

We are pleased to enter a collaboration with COTI on future partnership opportunities. Our development plans have synergies that we believe can be leveraged to deliver practical applications and features that will add value and meaningful use to our projects.

Similarly, the CEO of COTI, Shahaf Bar-Geffen said,

We are excited to begin working with Phore Blockchain. Our partnership will enable us to further amplify our strengths in decentralized applications necessary for a thriving blockchain 3.0 environment. Our collaboration will be a great asset for both of us moving forward and in the development of our respective platforms.

Representatives from both teams have been assigned to work together in order to foster business relationship. Samuel Falkon, the Co-Founder and VP Business Development of COTO will function as Strategic Advisor to the Phore Blockchain, while Thomas Ambler from Phore will perform a similar function in COTI.