Gifto, which is the world’s largest blockchain-based decentralized application (dApp) ecosystem, today announced a partnership with NEM. With this partnership, Gifto explores NEM technology to improve scalability and decrease costs. As you know NEM is a leading blockchain application platform. This partnership was announced through a Medium post by the NEM Offical.

NEMofficial tweeted “Big announcement! World’s largest decentralized application ecosystem # Gifto partners with # NEM. @ gifto_io explores NEM blockchain to improve scalability and decrease costs.”

Gifto will explore the NEM blockchain for next several months for improved scalability for some of its blockchain-based services, compared to its current Ethereum architecture.

“Gifto is one of the few projects in the blockchain space demonstrating user growth and real utility. In order to maintain a great user experience on our platform, we are constantly evaluating new blockchain technology beyond Ethereum, and NEM has promising solutions to some of Gifto’s needs,” said Andy Tian, CEO, and Founder of Gifto and Asia Innovations Group.

“We built the NEM blockchain platform from the ground up to outperform competing services in all facets,” said Steve Li, NEM China Regional Head. “Our partnership with Gifto helps NEM reach a new user base, and we look forward to collaborating with their team.”

About GIFTO

Gifto is the world’s largest blockchain-based decentralized application (dApp) ecosystem. Gifto currently has tens of millions of users and is the first cryptocurrency token integrated into a consumer app.

With Gifto, digital content creators, gamers, and charities can send and receive customized virtual gifts across social media including Youtube, Instagram, and Facebook.

NEM Blockchain technology has the potential to change the way every industry manages its information and data. NEM which is the 18th largest cryptocurrency by market capitalization is trading at $0.091935 USD (-2.04%) at the time of writing this post. While writing the market capitalization of NEM is $827,416,773 USD, all the data here is as per Coinmarketcap.