0x Consulting Group has entered into a capital and business alliance with Cabinet Inc.

0x Consulting Group PTE. LTD. has entered into a capital and business alliance with Cabinet Inc. (Head Office: Tokyo, CEO: Akihisa Ishida).

Background 
The web3 market is expanding rapidly, and blockchain technology and token economics are becoming increasingly popular.

0xC aims to spread token economics with blockchain technology throughout the world to eliminate economic disparities in society and realize a society where everyone can challenge themselves.

On the other hand, Cabinet contributes to the development of a decentralized digital economy through its contribution to the blockchain ecosystem by providing RPC nodes and validator node operations on behalf of the company.

The two companies decided to form this alliance based on the judgment that they can contribute to the development of the industry as a whole by leveraging their respective strengths to enhance the reliability and security of the web3 ecosystem and provide a more robust solution for web3 business operators.

Significance of the Alliance
In the web3 business, many companies face challenges because building the technological foundation and designing the business are inseparable elements, yet each requires a high level of expertise. This alliance will enable more comprehensive promotion of web3 business by realizing the following points.

(1) Integrated support system from upstream to downstream
The alliance between the two companies will cover a wide range of activities, from web3 business model planning, development requirements definition, node operation, token issuance, and ecosystem operation.
The web3 service providers can proceed with their business smoothly without having to distribute communication to multiple service providers.

(2) Support for connection of global and domestic markets
In addition to providing rapid support for region-specific chains, such as those originating in Japan, Cabinet also provides support for the construction of proprietary L2 chains and node sales.
0xC supports global projects entering the Japanese market as well as global expansion of Japanese companies. The partnership between the two enables seamless connections between global and domestic markets, including the resolution of technical issues.

(3) Project management with emphasis on security
In addition to node operations, Cabinet provides digital asset management solutions for corporate clients utilizing MPC technology and facial recognition technology, and employs cutting-edge technologies in asset management and data security.
0xC utilizes these security platforms to help improve the overall reliability of the project.

(4) Risk mitigation of node operation
By implementing Cabinet’s node operation services, we not only reduce costs, but also shorten recovery time and diversify risks in the event of failures. By ensuring node stability, the foundation of the business is strengthened.

Future Outlook
Through this partnership, 0xC and Cabinet will provide a “one-stop solution” for all challenges faced by web3 projects. Both new entrants and existing project operators will be provided with comprehensive support tailored to their specific needs, thereby facilitating the growth of the web3 industry as a whole.
We look forward to the creation of new value through the cooperation of both companies.