The Conflux (CFX) price seems to have responded positively to the blockchain’s new partnership with XCMG Construction Machinery Co. Ltd., with the token posting a 17.90% jump in value in the last 24 hours.

XCMG, the third largest construction equipment manufacturer globally, on March 27, announced it was entering into a partnership with CFX, a permissionless layer 1 blockchain that powers decentralized apps (dApps) and web3 infrastructure.

The agreement made Conflux XCMG’s official NFT partner and its conduit for future web3 and blockchain-based use cases.

According to XCMG, it’s choice of CFX as a partner was due to the blockchain’s scalable ecosystem. Conflux is also the only public blockchain in China that has reportedly complied with all of the country’s stringent regulations, giving it a distinctive edge for projects developing and growing in Asia.

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Author: Julius Mutunkei

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