[PRESS RELEASE – New York, US, 29th March 2023]
Boosty Labs and IOST Labs have announced their partnership to further advance the growth of IOST’s engineering community and incubation program. The partnership will focus on expanding the ecosystem by inviting JavaScript engineers to develop services on the IOST blockchain and create value for both engineers and users.
IOST is a blockchain that requires only a small deposit for transactions, improving convenience for developers and users alike. The smart contract supports JavaScript and is easily updated, making it easy for developers to handle simple bugs and adjustments. With the addition of Boosty Labs to its community, IOST Labs hopes to attract more developers to its blockchain and expand its offerings to users.
Boosty Labs is a world-class blockchain and fintech team with over 10 years of experience in consulting, development, and design. With over 150 employees worldwide, Boosty Labs has already implemented over 200 projects for top players in the crypto industry, including Ledger, Consensys, Celsius Network, Storj Labs, Bloom Protocol, NEM, Elixir, and NEAR Protocol.
Through this partnership, IOST Labs and Boosty Labs aim to expand the ecosystem and foster sustainable growth. By collaborating on developer community and incubation programs, the partnership will accelerate the growth of the IOST ecosystem and offer more opportunities for developers to build and innovate on the blockchain.
Viktor Ihnatiuk, the founder and CEO of Boosty Labs, shared that this partnership with IOST is critical for the Web3 ecosystem’s growth as it requires scaling, and the IOST blockchain facilitates this by providing developers with simplified access. According to Ihnatiuk:
“Our partnership with IOST is a strategic move for Boosty Labs to expand our reach in the blockchain industry and contribute to the growth of the IOST ecosystem. We look forward to our collaboration and believe that by working together, we can help shape the future of the crypto industry and unlock new opportunities for innovation and growth.”
Blake Jeong, Co-CEO of IOST, says, “I am excited about this partnership’s potential for driving innovation and development within our ecosystem. Our incubation program will provide developers with mentorship, technical resources, and funding to help them bring their ideas to life on the IOST blockchain. By working closely with Boosty Labs, we aim to foster growth and innovation within the IOST community and continue pushing the boundaries of what is possible with blockchain technology.”
About Boosty Lab
Founded in 2017 by young Ukrainian entrepreneur Viktor Ihnatiuk, Boosty Labs is one of the largest companies in the world specializing in blockchain technology development outsourcing, systems integration, automation of technical and business processes for companies, and IT consulting.
About IOST Labs
IOST Labs is a blockchain-focused organization that is dedicated to supporting the growth of the decentralized web. They aim to identify, invest in, and empower entrepreneurs, startups, and communities that show great potential in the industry.
IOST Labs is on the mission to finance exceptional projects that will help redefine the blockchain ecosystem and contribute to its expansion. The organisation aims to drive innovation and support dynamic tech teams that are making a positive impact in the crypto space.
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