SparkWorld has announced a strategic partnership with Lossless Protocol, aDeFi hack mitigation tool for token creators. The Protocol recognises and freezes fraudulent transactions and returns stolen funds back to the owner’s account.
Spark’s Co-CEO Jolyon Layard Horsfall commented on the partnership, noting:
“We could not be happier to be working with Lossless! Here at Spark World, the safety, security, and peace of mind of our end users is our highest priority, and by integrating with Lossless we’re giving them that much more peace of mind that they can derive all the benefits of the Spark World marketplace whilst keeping their funds SAFU from hacks. Really looking forward to a long term partnership with the pioneers over at Lossless!”
Lossless CEO Vygandas, had this to say on the strategic partnership:
“We are hyped to integrate our hack mitigation tech tools into the Spark World platform; Spark’s vision of making the NFT space for fair, equitable, secure and accessible for the community aligns well with our own vision of security in DeFi, and through this integration the end users of the Spark platform will have the best assurances possible that their $SPRK tokens are protected against hacks and exploits.”
Their protocol halts counterfeit transactions through various methods of fraud identification and automatically reverses any stolen tokens back to the original owner. These solutions to the impending problems of cyber theft within the blockchain space are thorough and applicable within many protocols.
At the core of SparkWorld* is their platform’s Fair Predictive Launches (FPLs). FPLs bring fairness and equality in the distribution launch allocations for Gaming NFTS through non-punitive prediction mechanics. These FPLs place users into ordered lists based on the accuracy of predictions on a variety of metrics around NFT launches.
Through this strategic partnership, SparkWorld* and Lossless aims to create, reach and add value for NFT gaming enthusiasts in the space.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: https://cryptodaily.co.uk/2022/03/defi-protocol-lossless-joins-sparkworld-strategic-protocol