Neo has joined Rosetta. Rosetta, a Coinbase-led project, is a framework that lets blockchains talk to each other. Neo rose in price after the news. Rosetta is a framework to help blockchains speak to each other. Now, they can speak to Neo.
Today, then, things got a lot easier for Neo, a Chinese blockchain platform started by Da Hongfei and Erik Zhang in 2014. Neo focuses on crypto trading, digital identity and smart contracts—it’s a little like Ethereum. It’s also one of the founding members of PolyNetwork, a blockchain interoperability platform, and runs an interoperable DeFi platform, Flamingo.
Despite the Rosetta integration, however, Coinbase has still not listed Neo’s coin as the exchange requires a coin to overcome several regulatory hurdles.
After today’s announcement, Neo’s price shot up 72%, though it likely wasn't related to the news; most top coins had similarly rosy days. Its current price is $22.74, according to data from metrics site CoinMarketCap.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.