Hedera (HBAR) Powers HashPack Wallet’s Web3 Revolution for 40 Million Customers – Crypto News Flash

Hedera (HBAR) Powers HashPack Wallet’s Web3 Revolution for 40 Million Customers

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  • HashPack Wallet announces a partnership with Sphera World and Kooora.com as part of its effort to expand into Web3.
  • HashPack wallet is based on the Hedera Hashgraph DLT (Distributed Ledger Technology) platform. 

A non-custodial wallet, HashPack, which is built on the Hedera Hashgraph DLT (Distributed Ledger Technology) platform has announced a strategic partnership with a UAE-based specialized blockchain consultancy studio, Deca4.

This collaboration is meant to get Sphera World into the space of a non-custodial wallet and Hedera. Sphera World has been tapping into the potential of the evolving football and sports industry in the Arab world by leveraging its large community and fan base.

It is important to understand that Sphera World is backed by Kooora.com, the largest sports media website in the Middle East. It is also powered by the Hashgraph Association. HashPack has been doubling down its effort to expand into Web3 technology. According to May Chan, Co-Founder and CEO of Hashpack, this partnership can accelerate this development.

This partnership is a monumental step towards our shared vision of expanding the reach of Web3 technology and bridging the gap between traditional Web2 users and the progressive Web3 ecosystem…At HashPack, it has always been our mission to deliver an unparalleled user experience, exploring the transformative power of Web3 technology as a unique advantage for conventional companies and digital brands.

According to the CEO, the collaboration with Deca4 could be a huge step into its tech stack and its engagement with companies as well as community members. Per reports, the company maintains its position that the effort to effectively harness Distributed Ledger Technology could be best done through Hedera Hashgraph. 

Details of the Collaborators of HashPack Wallet 

The Hashgraph Association is known for its training and education programs that cut across several industries. It describes its mission as empowering the public through “Hedera-powered enterprise-grade solutions and decentralized applications (dApps)” adoption. This reportedly includes certification programs, innovation, and accreditation. 

Kamal Youssefi, President of The Hashgraph Association explained the decision to be part of this collaboration.

We are proud to be supporting organizations in the MENA region, especially those in the sports and gaming industries which are set to grow by 8.7% by 2026 according to The World Economic Forum. Our association is here to support companies in their journey towards Web3, helping them deliver unmatched value to stakeholders and users.

Deca4, which is part of the collaborators, describes itself as a global advisory and consultation company that promotes best practices among clients. According to Mohammed Mahfoudh, Founder and CEO of Deca4 consultancy, the partnership could create a unified platform for easier navigation by users. 

Working with HashPack to bring Sphera World, powered by Kooora, with a staggering 30+ million active users, will provide a unified platform that meets the needs of Web-savvy users while introducing Web2 natives to the Web3 world.

Hedera (HBAR) currently has a very low market sentiment with a price of $0.049809. In the last seven days, the asset has fallen by 3.33 percent and has declined by 0.79 percent in the last 24 hours. According to market data, Hedera has a 24-hour trading volume of $22,281,290 and a safety score of 38/100. Currently, HBAR has a resistance level of $0.053671 and a support level of $0.047347. 

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John Kumi

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