The Chicago Journal

DIMO and XinFin Collaborate, Facilitates Migration of Anime Marketplace Rakuza to the Platform

Brand collaborations are a common and sometimes necessary move for a lot of major brands across the world to advance their lead in their respective industries and establish a formidable product or service that will exceed the expectation of consumers. Putting together the best practices and features of two companies only means having an opportunity to create an even more powerful and impactful byproduct that will redefine the processes, perceptions, and capacities of similar businesses. The coming together of two tech giants, DIMO and XinFin, did exactly these impressive feats as their recent collaboration is believed to be one of the most successful tie-ups in the industry to date. 

DIMO, a technological and business solution for decentralized blockchain enterprises, has successfully developed the community for XinFin, a hybrid blockchain platform that is specifically designed to modernize the global trade and finance sector by using an accessible, efficient, and highly versatile decentralized infrastructure solution. Their coming together is also paving the way for more promising projects, including launching an exclusive decentralized application (dApp) on the network, attracting more crypto collaborations, building a decentralized exchange (DEX) on the XinFin Digital Contract (XDC) chain, and introducing NFT platforms on the chain, to mention a few. 

This exceptional and awe-inspiring collaboration is viewed by many tech experts as the perfect tie-up as the two brands undeniably complement each other by tapping into one another’s strengths. DIMO is into solving scalability issues that many businesses may encounter concerning their network protocols. One of its most sought-after services is creating a chain-to-chain migration, allowing clients to save on expensive fees and lower transactions per second (TSP). 

DIMO is also best known for its growth accelerator programs, enterprise tie-ups, ability to create strong brand exposure, effectiveness in community building and growth, maximizing growth opportunities through retail investors, expansion of projects to new geographical markets, and building blockchain educational tie-ups and learning management systems. Simply put, it has been actively and effectively helping companies and individuals achieve their goals seamlessly and strategically. 

XinFin is deemed to be one of the most suitable partners for DIMO as it is designed to complement the legacy of financial ecosystems by offering blockchains that various industries can use with ease. It uses XDC as its fuel token, allowing payments and smart contract operations. 

Compared to its competitors, Bitcoin and Ethereum, XinFin has established quite an impressive track record in terms of its efficiency, functionality, and affordability. XinFin logs more than 2,000 TPS, while Bitcoin only enables 3-6 TPSs, and Ethereum achieves 12-16 TPSs. There is also a big difference between average fees: Bitcoin charges $15, Ethereum $10, and XinFin only charges $0.00001. In terms of transaction confirmation, Bitcoin registers 10-60 minutes, Ethereum 10-20 seconds, and only two seconds for XinFin with finality. 

The integration of DIMO to XinFin has given the latter phenomenal attention on various platforms, including a massive billboard in New York City’s Times Square. With DIMO working hard alongside it, XinFin is now one of the fastest-growing crypto communities in business, and there is no telling how far it will go in terms of expanding in the future. 

DIMO also facilitated the migration of RAKUZA to the XinFin network. RAKUZA is a marketplace specializing in the NFT of anime cell images, which are no longer newly created due to the transition of the Japanese animation industry. RAKUZA makes it possible for you to have “owning rights” to famous and memorable scenes that are now considered valuable cultural assets.

RAKUZA will appropriately manage and store real works of art with appraisals and certifications, and further convert them into digital data (NFTs) using blockchain, thereby solidifying them as objects with real value as an asset and enabling the exchange of this value around the world.

“In order to protect and cultivate Japanese culture for future generations, we must create a new market for anime cels that focuses on enhancing their value as art, while at the same time protecting these works as cultural assets. We must not create another situation where Japanese anime cells are discarded and forgotten the same way ukiyo-e were,” the company said.

In the future, they hope to further expand and develop with the understanding of the copyright holder. By creating NFTs of anime cells and appropriately managing and storing the original artworks, they believe they will be able to protect the rights of all stakeholders, and thereby contribute to the preservation and development of Japanese anime culture as a whole.

“We hope that RAKUZA will lead to the creation of a new economic zone that protects, cultivates, and even enhances the value of Japanese pop culture and the creators who engage in it, so that we can realize this vision for the world and for the future.”

Learn more about XinFin and Dimo by visiting their respective websites. 

Opinions expressed by The Chicago Journal contributors are their own.