Crypto.com CEO and co-founder Kris Marszalek stated, “We will be giving complete assistance for developers developing on Cronos: technical, financing, marketing — whatever you require to bring your vision to life.” “With seamless dapp portability, I am certain that Cronos will witness a surge in interest.”
Cronos will utilize Crypto.org’s in-house coin CRO for transactions. While writing this artilce, the coin was rated 30th out of all digital currencies on CoinMarketCap, with a market value of over $2.5 billion. Developers may profit from startup incubator Particle B’s $100 million investment in ventures adding to the Crypto.org blockchain, according to the firm.
Cronos is fueled by Ethermint, a proof-of-stake chain that is interchangeable with Ethereum and EVM-compatible chains and runs on a proof-of-authority consensus mechanism. The testnet is a free and open source project. Crypto.com boasts to have a customer base of over 10 million individuals after launching on the Crypto.org blockchain mainnet in March. To broaden the scope of its bitcoin credit card, the project rolled out a nonfungible token platform and became a member of the Visa network in 2021.