Data Vault Holdings and Chia Network Form Strategic Alliance and Plan to Integrate Their Platforms

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Chia Network Inc., an open-source, public blockchain optimised for real-world adoption founded by Bram Cohen, and Data Vault Holdings Inc., the emerging leader in metaverse data visualisation, valuation, and monetization, have announced a partnership to exhibit the NFT Art of renowned photographer William Fortescue at London’s 1571 Gallery.

Using the Datavault® platform, customers can now mint NFTs on the Chia Blockchain, thanks to the recently announced cooperation. The unique features for NFTs provided by the Chia Network NFT1 standard, such as on-chain royalties, digital identity, and connection with Chia Offers, increase the range of services available to Datavault’s customers. Among the features that distinguish Datavault’s U.S.-developed Web 3.0 platform different from the competition are price discovery, full yield management, and the option to use blockchain. Chia’s blockchain provides a minimal carbon footprint and more token-level management.

“Chia brings significant security advantages through its Coinset Model and innovative NFT standard, which we believe is a necessary piece of the broader adoption of Web3 and NFT technology,” said Nathaniel Bradley, CEO of Data Vault Holdings, Inc. “Our 1571.io operation has been a great starting integration point for our teams. The proper use of the right blockchain to associate with the assets over the long term is also an integral feature of our platform – Chia is innovative, secure and energy efficient and has solved for token level smart contracts. Our partnership is designed to solve problems, drive continued innovation, and bring forth world-class customer-centric solutions.”

Source: Prnewswire

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