A blockchain-powered social media platform that rewards content creators, Mithril (MITH), has announced a new partnership with Ethos (ETHOS). According to their forward-looking partnership agreement, MITH has adopted Ethos Universal Wallet to become its official virtual currency wallet. Predictably, Ethos announced this strategic business collaboration through its Twitter handle on Tuesday.
Official Confirmation
In the tweet, Ethos stated that it is proud to be the official wallet of MITH. The post went further to introduce Mithril, stating that it is a decentralized platform that rewards creators for quality content. In addition, the post noted that Mithril plays the vital role of “pushing social media forward on the blockchain.” Coming to what the latest business collaboration means, the tweet explains further. It points out that Universal Wallet users can send, receive, store, and track MITH within the wallet ecosystem. In a bid to welcome everyone, the post ended by saying “Welcome to the Mithril community!”
The Mithril Team Gives More Insight
In its blog press release, Mithril expressed optimism. The team noted that they firmly believe that their partnership with Ethos will improve MITH circulation in the cryptocurrency market. Explaining further, the post stated that Ethos will also provide a convenient and secure MITH management option for its burgeoning community.
About Mithril and Ethos
With what they tag “social mining,” Mithril offers a decentralized social media platform that rewards content creators. Basically, Mithril’s rewards for content depend on two key factors. These factors mark the success of the content creator on the network as well as the content creator’s influence.
Regarding the partnership, teaming up with Ethos is one of the many partnerships it has entered into. Recall that during the launch, the company noted that the Universal Wallet was for Android and iOS operating systems. Aside from that, Ethos signed a bilateral business agreement with Voyager. Noteworthy, Voyager is a cryptocurrency startup that gives retailers and institutional investors crypto accessibility with ease and convenience. Voyager also enables Universal Wallet users to access and use its fiat gateway trading functionality.
MITH Market Performance
At the time of writing, MITH is up by 1% in the market, exchanging at $0.2537 USD. Also, the project has a market cap of $98M USD, which makes it the 62nd largest coin on CoinMarketCap.
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