Number 4 cryptocurrency EOS may be heading for a new position as it gets a very promising partnership with Tapatalk. The computer-like blockchain project is working on a blockchain-enabled Gold Point Wallet built on the EOS platform.
The collaboration is aimed at rewarding forum owners and their forum communities using Gold Points to help grow forums and increase engagement and improve the quality of content contributions. The company is now incorporating blockchain in the reward system to harness its power to make the user experience better. Tapatalk CEO Winter Wong said:
“Blockchain integration is the natural next step for Tapatalk as we see many exciting ways this technology will deliver valuable monetization and reward opportunities for forum communities. We are proud to support forum owners in growing prosperous microeconomies in a trusted environment.”
Following the announcement by Tapatalk on 21 February, EOS gained over 15% surge to reach above $4 billion market capitalization. This gain has however been counteracted by the sudden downward trend the cryptocurrency market experienced just a few hours ago since the bullish trend started last week. At the time of writing, EOS has lost over 12% of its value and its market cap is currently at $3,299,702,736.
Tapatalk has a mobile app that is used by over 200,000 forums spread in 186 countries worldwide with a registered user base of over 300 million users. The mobile app allows users to connect with their favorite forums and post content as well as stay in touch with push notifications.
This is a major achievement for EOS and the blockchain industry as it is getting wider acceptance in the world of technology. This could be the beginning of good things for other cryptocurrencies that are not designed as conventional stores of value such as Bitcoin or to provide liquidity such as XRP or for building smart contracts such as Ethereum.
Many of these cryptocurrency projects will start to be useful in the future as many industries begin to appreciate and employ the use of blockchain technology in their production until the world becomes dominated. A big move awaits EOS when the market starts a significant recovery because this is a great highlight for the project.