Strategic partnership between Celo and Opera
Cryptocurrency platform Celo has announced the provision of quarterly grants in CELO tokens for the Opera browser. According to a decision made in 2023, Celo will allocate 160 million CELO tokens to Opera as part of a long-term collaboration.
These funds will go towards the development of the Mini Apps ecosystem in the Opera browser, allowing users to interact with decentralized applications directly in the browser window. This is beneficial for both parties: Celo will be able to expand its presence among the browser's users, while Opera will be able to offer its audience more opportunities to work with Web3 services.
The Celo and Opera partnership began in 2021, when the browser integrated support for the Celo blockchain. Since then, the companies have been actively cooperating, jointly developing the ecosystem of decentralized applications.
Prospects of the deal
This agreement is an important step in strengthening the strategic alliance between Celo and Opera. Providing regular grants in CELO tokens will help Opera accelerate the implementation of Web3 technologies in its browser and expand the functionality of Mini Apps.
For Celo, this is an opportunity to increase brand awareness and attract new users to its ecosystem. Collaboration with the popular Opera browser will allow the platform to more actively promote its technologies and increase the number of DApp developers.
In the long term, this partnership may become one of the key drivers of growth for both Celo and the development of the Web3 industry as a whole.