SYS Labs acquires cryptosecurity startup FortKnoxster, launches social crypto app SuperDapp
SYS Labs, a blockchain company building the foundational layers for the true Web3 ecosystem, has acquired cryptosecurity startup FortKnoxster. The terms of the deal were not disclosed.
SYS Labs, best known for building scalable Web3 infrastructure, dApps, and other tools to meet the growing demand of the global population, also announced the launch of an AI-powered social crypto dApp named SuperDapp and its soon-to-be-unveiled utility token.
SYS Labs ecosystem is backed by high-performance hybrid L1 blockchain Syscoin (SYS). By combining the leading-edge technologies of FortKnoxster and the Syscoin Platform, SYS Labs is expanding the Syscoin ecosystem into the burgeoning cryptosecurity and decentralized social marketplace.
Internally referred to as the “killer app”, SuperDapp will offer communication features found in many of the most popular social apps, yet specifically tailored for security-conscious crypto users.
Existing holders of the FortKnoxster token FKX will be swapped to the new SuperDapp token. More details and instructions will soon be announced. The FortKnoxster team will be hosting an AMA this Friday to cover these details.
FortKnoxster is founded by Danish entrepreneurs & IT security specialists, who all share a great passion for cyber-security, blockchain, cryptography, and privacy for all. It is also one of the most advanced and secure encryption platforms available. The core expertise FortKnoxster is crypto-security and digital inheritance. FortKnoxsters innovations, security, and service are extraordinary and help secure and futureproof Web3.
“The potential unlocked by merging our technologies is already driving the expansion of Syscoin’s ecosystem. ‘Everything apps’ like what you might find in some Asian markets have piqued much interest lately; SuperDapp will answer the need for many of these capabilities upon its Q2 2023 release, expanding further as we pursue an exciting roadmap,” SYS Labs President, Jagdeep Sidhu, said.
Commenting on the acquisition, FortKnoxster CEO and co-founder Niels Klitsgaard highlighted that the acquisition by SYS Labs is a major milestone for his company in terms of technical achievement and mainstream adoption of the company’s products:
“The acquisition by SYS Labs is an exciting milestone for our company and validates the hard work our team has dedicated to building innovative technologies. This assimilation marks a new chapter for our potential, because SYS Labs has what it takes to ensure the future development, expansion, and awareness of our mission,” Klitsgaard said.
SYS Labs and FortKnoxster are confident in the mutual benefits and groundbreaking developments already taking place in their collaborative journey. Stay tuned for updates on this exciting partnership and the innovative solutions it will bring to the cryptosecurity, blockchain, and decentralized social marketplace communities.
SuperDapp is a decentralized mobile and web application at the crossroads of crypto and social interaction, enhancing the human experience through AI and Web3.
SYS Labs is a unicorn of unicorns, building the fundamental layers of true Web3, and connecting users, dApps, and assets to create seamless flows between ecosystems. SYS Labs creates the infrastructure, dApps, and tools necessary to meet the needs and desires of a global population, all backed by Bitcoin’s security and enhanced by Syscoin’s finality and groundbreaking L1 data availability solution, PoDA.