SPYCE.5 and the BUILDAVERSE
The full article was originally published by Soonlabs on Medium. Read the full article here.
As crypto winter bears down on projects across the industry, we’re reminded of this quote from Formula One racing legend Ayrton Senna currently circulating around the internet.
“You cannot overtake 15 cars in sunny weather… but you can when its raining”
And it’s not just raining right now, this is an absolute hurricane! SoonLabs and SPYCE.5, two of the most experienced enterprise teams in the IOTA ecosystem understand the opportunity created during a protracted bear market. So, we came together to take advantage of the synergy of our technologies and teams to deliver on the promise of Web3 and win the race towards institutional adoption. Here’s how we’ll do it.
SPYCE.5's enterprise stack provides frictionless, automated, decentralized infrastructure through its ITIL/ITSM managed infrastructure service. Nodes and validators are controlled through this operational layer in public as well as private environments, giving customers the ability to activate varying degrees of decentralized services through a turnkey solution. Enterprises are onboarded on their own terms, through their operational mandates and can scale Service Modules on their infrastructure at will.
Business Development Alliance
Both of our teams have already begun working with well known enterprises, large global initiatives, stakeholders, and partners across industries in the United States and Europe. Through this new alliance, we can now cross sell each other’s products and increase our exposure to organizations through our individual sales strategies, creating global reach for our decentralized solutions.
Private Enterprise Verses
SPYCE.5 enables large corporate partners to deploy the BUILDAVERSE on private tangles. The cost savings and lack of friction in the procurement process are essential components. In addition, the ability to easily create and manage decentralized autonomous organizations (DAOs), NFT minting, Tokenization and other Service Modules through SPYCE.5’s and Soonaverse’s on-Demand features enable a streamlined experience for clients to integrate Web3 utility into their applications, services, products and technology stacks.
Fiat to $SOON conversion for enterprise
A key obstacle for any large traditional organization trying to adopt Web3 products is the complexities of holding and purchasing digital assets. Add unique attributes like IOTA / Shimmer storage deposits and it becomes even more difficult. As with everything we do, a frictionless user experience is key. SPYCE.5 will abstract the regulatory, legal and financial difficulties from organizations and simplify complex cryptocurrency related purchases and management. This eliminates a major roadblock for partners and enterprise customers, while maintaining $SOON’s ability to act as a functional and essential operational asset.
Future Service Module Support
SoonLabs will be offering all of its Spaces and Service Modules developers easy access to SPYCE.5 infrastructure through dashboards within the BUILDAVERSE (and more immediately in the Soonaverse). Project and module owners will have “one click” access to SPYCE.5’s advanced technology and expertise in secure data spaces, blockchain APIs, and digital identity utilities. Enabling total and partial decentralization on an “as needed” basis.
Both of our projects have been designed specifically to showcase the power of the IOTA and Shimmer networks, which in turn were designed to address the shortcomings of older DLT technologies. The weaknesses of these older networks were able to hide limited product design when everything was moving irrationally up and to the right during the last few bull cycles, but in moments like this, where the industry is recovering looking for functional, next generation distributed solutions, we have an opportunity to propel ourselves ahead of the “15 cars” that seemed so unstoppable just months ago.
We are confident that this partnership will lead to a strong, long-term relationship that will benefit our customers for years to come. We are excited to embark on this journey together, and we look forward to the positive impact our collaboration will have on our customers and the industry as a whole.
We invite you to join us in celebrating this partnership and look forward to working together to achieve our shared goals. Thank you for your support and please don’t hesitate to reach out to us if you have any questions.
We hope you are excited as we are. Now let’s get ready, let’s get set, and LFGOOOO!