FortKnoxster, a firm that specializes in crypto security, has been acquired by SYS Labs, a company that focuses on providing companies with the solutions they need in order to migrate to Web3.
SYS Labs also announced the launch of their first collaborative endeavor under the new structure, which is an artificial intelligence-powered social crypto decentralized application (dApp) called SuperDapp and its utility token that will soon be revealed, according to information shared with Finbold on April 4.
SYS Labs is growing the Syscoin ecosystem into the developing cryptocurrency security and decentralized social marketplace by integrating the technologies of FortKnoxster with the Syscoin Platform.
SuperDapp, internally dubbed the “killer app,” will include communication capabilities common to many of today’s most popular social applications, but will be optimized for security-conscious crypto users’ need for privacy and anonymity.
FortKnoxster FKX to be swapped to new SuperDapp token
Those who now have FortKnoxster tokens (FKX) will have their FKX automatically converted to SuperDapp tokens. The announcement of more instructions and information is forthcoming and on Friday, April 7 the FortKnoxster staff will have an AMA wherein these issues will be discussed in further depth.
Jagdeep Sidhu, President of SYS Labs stated:
“The potential unlocked by merging our technologies is already driving the expansion of Syscoin’s ecosystem. ‘Everything apps’ like what you might find in some Asian markets have piqued much interest lately; SuperDapp will answer the need for many of these capabilities upon its Q2 2023 release, expanding further as we pursue an exciting roadmap.”
FortKnoxster CEO and Co-Founder, Niels Klitsgaard added:
“The acquisition by SYS Labs is an exciting milestone for our company and validates the hard work our team has dedicated to building innovative technologies. This assimilation marks a new chapter for our potential, because SYS Labs has what it takes to ensure the future development, expansion, and awareness of our mission.”
All in all, communities of crypto security, blockchain, and decentralized social marketplaces should expect to benefit greatly from this new partnership.