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ChainsAtlas teams up with AELF as more people start using DAPPs.

On Monday, ChainsAtlas joined with aelf, a company in Singapore, to make it easier for their blockchains to work together. The agreement is also meant to encourage more participation in the Web3 community and the use of decentralized applications (DAPPs). The partnership is happening while more and more people are using DAPPs in areas like finance and business.

ChainsAtlas has made a deal to connect DAPPs together.

On Monday, ChainsAtlas, a company that makes blockchain technology, teamed up with AELF, a company that makes scalable blockchain technology. In the agreement, aelf will use ChainsAtlas’ technology to move DAPPs from different blockchains to the aelf blockchain, even if the DAPPs have different smart contract requirements.

“Aelf wants different developers to be able to use its blockchain. “

The two companies made a deal that also includes ChainsAtlas’ Virtualization Unit (VU). The VU can help the aelf blockchain to work with both EVM and non-EVM digital assets, making it possible for different blockchains to work together.

ChainsAtlas’ technology will make it easier for aelf to share data and assets with other blockchains. This will help aelf to understand and carry out smart contracts. These agreements may be written in other languages that ChainsAtlas can understand.

“This partnership will also help more people in the Web3 community get involved, because they will have access to a wider variety of digital assets on aelf,” the companies said in a statement.

Making aelf blockchain able to use more DAPPs and games will make it better. Also, developers who may not know a lot about coding can now create things on aelf blockchain.

By 2030, the use of decentralized applications is expected to double.

Decentralized applications are programs that work on a network of computers or a blockchain instead of just one computer. They are used in many different areas. These applications, also known as DApps, are not controlled by one single organization or authority.

DAPPs are made for social media, games, and banking, and the finance industry uses them the most.

The worldwide decentralized finance market was worth $13. 61 billion in 2022, as found by Grand View Research. The DeFi industry is expected to grow by 46. 0% each year from 2023 to 2030.

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