ZBC is about to launch on Coinbase Institutional, bringing new benefits to the ecosystem at the beginning of the year
Cryptocurrencies initially positioned for payments have always stagnated in the payment sector, especially in 2022, when the crypto industry experienced several "dark moments," leading to continuous capital outflows from the crypto market and a comprehensive bear market. More and more people have lost confidence in the development prospects of the cryptocurrency market.
However, starting at the end of 2021, Zebec Protocol has been making the concept of flow payments based on cryptocurrency well-known and is driving the Web3 payment sector towards a new narrative direction. As the Zebec ecosystem continues to gain recognition from mainstream institutions, including the founding team of Visa and the government of Nepal, flow payments are expected to become the primary method for cryptocurrencies as a means of payment.
Certainly, the Zebec ecosystem had a brilliant year in 2022, completing nearly $40 million in financing, achieving migration from Solana to BNB Chain and other EVM chains, the hot sale of Zepoch nodes, and finalizing collaborations with Visa and the Nepalese Ministry of Finance, while also formulating a future development roadmap centered around Zebec Chain.
It is foreseeable that in 2023, its collaboration with the Nepalese government, the launch of the Zebec Chain mainnet, and other ecological plans are becoming known market expectations for positive developments.
At the beginning of the new year in 2023, Zebec reached a new cooperation with Coinbase Institutional, with the $ZBC token set to launch on Coinbase Institutional, becoming a new investment target for institutional users, marking one of the best positive developments for the Zebec ecosystem at the start of the year.
The $ZBC token is about to launch on Coinbase Institutional, expected to become the preferred investment choice for institutional investors.
Zebec Protocol is receiving strong support from the Coinbase ecosystem. Previously, Coinbase mentioned in an AMA that it might use the flow payment tool Zebec Protocol to pay salaries to employees in the future. Additionally, Zebec Protocol is a key project that Coinbase Ventures is focusing on and investing in within the Web3 payment sector.
Currently, Zebec Protocol has further finalized its cooperation with Coinbase Institutional, with the $ZBC token launching on Coinbase Institutional, becoming a new investment target for institutional investors.
Coinbase Institutional can be seen as a window platform for the Coinbase ecosystem facing institutional users, providing services such as purchasing, custody, and value-added for large amounts of crypto assets. For example, previously, Meitu invested $90 million in BTC and ETH assets, and Goldman Sachs collaborated to launch the first Bitcoin-backed loans, all completed with the support and services of Coinbase Institutional. This means that Coinbase Institutional is the preferred choice for traditional whale investors in the crypto space.
The launch of the $ZBC token on Coinbase Institutional is expected to further drive institutional investors' investment and purchase of the $ZBC token, which will be a significant benefit for the long-term development of the Zebec ecosystem and the stabilization of the $ZBC token's value base (especially as the crypto market shows signs of recovery in 2023). After launching on Coinbase Institutional, the $ZBC token is expected to continue its anticipated launch on the Coinbase platform.
Value and Outlook of the Zebec Ecosystem
Zebec Protocol is one of the few payment projects in the Web3 industry that has achieved profitability and has its technology widely adopted in the early stages of ecosystem development. It is reported that previously, one-third of Solana projects used the Zebec system to pay salaries. Zebec Protocol has developed and managed a well-functioning API, allowing programmers to use a variety of small features and functions to create their unique products, building over 250 projects on Zebec, creating the largest ecosystem on the Solana chain. Meanwhile, the early user base of Zebec Protocol has already exceeded 30,000, and without any staking mining, the TVL once surpassed $300 million.
In 2023, the Zebec Chain is expected to launch its mainnet. Zebec Chain is built on the blockchain tool Eclipse using Zk-Rollup technology, featuring chain privacy protection, high throughput, and compliance characteristics as a flow payment public chain. Zebec Chain is a Rollup chain positioned for flow payments, and Eclipse is a tool for building chains based on Cosmos, meaning Zebec Chain is also part of the Cosmos ecosystem. At the same time, Zk-Rollup will enable Zebec to match future commercial scenario demands, laying the groundwork for future combinations with Web2 businesses.
Additionally, compliance is one of the biggest advantages of Zebec Chain. Zebec previously launched an application called Zebec Pay based on the Zebec Protocol, allowing employers to pay employees low-cost salaries in cryptocurrency (stablecoins like USDC) through flow payments.
The biggest feature of Zebec Pay is compliance, allowing users to allocate part of their salary to compliant crypto IRA and 401k accounts for retirement purposes. Therefore, based on previous experiences, Zebec Chain itself "carries" compliance characteristics. Furthermore, Zebec Chain will provide developers with development component support, enabling both Web2 and Web3 developers to integrate flow payment features into their applications, which is also crucial for promoting the development of flow payment services.
Thus, Zebec Chain is expected to become a carrier of the Web3 commercial ecosystem and a new emerging value hub.
With the $ZBC token launching on Coinbase Institutional, the Zebec ecosystem will further open a series of positive developments, and currently, the $ZBC token has basically completed its bottoming out, making it an excellent opportunity for layout before the arrival of a new market cycle.