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Home » Web3 Automation: Coinsilium Backs Otomato’s Expansion

Web3 Automation: Coinsilium Backs Otomato’s Expansion

Otomato Platform Begins Initial Deployment

Kelly Cromley by Kelly Cromley
Feb 21, 2025
in Market News, News
Reading Time: 2 mins read
0
web3 automation: coinsilium backs otomato’s expansion

Coinsilium Group Limited, a Web3 investor and venture builder, has commenced the initial deployment phase of the Otomato Web3 Agent Protocol platform, Otomato.xyz. Currently accessible to a select group of whitelisted users, the platform is set for a full public launch in the second quarter of 2025.

Otomato’s platform is designed to streamline Web3 interactions by enabling task automation across blockchain and traditional systems without requiring coding expertise. The protocol incorporates various features, such as decentralized finance (DeFi) management, yield optimization, and real-time notifications. It aims to serve industries including gaming, entertainment, and finance by simplifying automated operations.

Strategic Collaborations and Market Recognition

To enhance its ecosystem, Otomato has established key partnerships with Layer 2 blockchains and DeFi platforms. A significant alliance with Ironclad Finance on the MODE Network will enable Otomato users to automate financial actions based on stablecoin performance, further strengthening its role in DeFi applications.

The platform has also gained industry recognition by securing a victory at the Proof of Pitch competition during NFT Paris. This achievement highlights its growing prominence in the crypto and Web3 sectors.

Coinsilium’s Investment and Revenue Agreement

Coinsilium maintains a strategic investment in Otomato and has secured the right to receive 7.5% of all revenues generated by the Otomato.xyz platform until the Token Listing Event. As part of this partnership, Otomato’s automation capabilities will be integrated into Coinsilium’s digital asset treasury management, optimizing operational efficiency and asset performance.

Future Prospects in Stablecoin Adoption and Blockchain Automation

Coinsilium’s leadership has emphasized the increasing use of stablecoins and the potential impact Otomato could have in driving adoption trends. The development team at Otomato continues to expand the platform’s functionalities, introducing new use cases on a weekly basis.

The ongoing expansion of Otomato aligns with Coinsilium’s broader strategic vision of fostering blockchain automation and decentralized finance innovation. Through continuous investment in Web3 ventures, Coinsilium aims to support the evolution of financial automation, reinforcing its position as a key player in the digital asset ecosystem.

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