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Major Updates from Conflux Network in June 2024: Lifting Token Price

Conflux Network CFX

  • Conflux launched its next hardfork and released the public testnet version v2.4.0-testnet in June.
  • Conflux has established new partnerships, including with OpenFlux Marketplace and Cwallet.

Conflux Network achieved great progress in its continuous development and outreach activities in June. From starting new partnerships to organizing big events, the network has demonstrated a great dedication to expansion and creativity.

The main Conflux developments for June are described in this progress report, along with prospective consequences.

Development and Testing of the Next Hardfork

Developing and testing Conflux’s next hardfork was a significant June milestone. This development emphasizes the network’s resolve to always enhance its infrastructure and technology. Another step toward improved network capabilities and user experience came with the public testnet version v2.4.0 release.

For Conflux, June was a busy month for relationships. Among the few recent partners the network attracted were Mengli Carnival, OpenFlux Marketplace, PoPP Web3 Lab, and Cwallet. These joint projects are supposed to deliver the Conflux ecosystem different improvements and expansions.

Officially debuted this month, the first NFT marketplace on Conflux eSpace, the OpenFlux Marketplace, By inviting millions of artists to investigate and join the next generation of NFT innovation, this platform seeks to transform the NFT scene.

Users now having a specific location to buy, sell, and exchange NFTs increases the Conflux network’s overall value.

Event Participation and Community Engagement

In June, Conflux was quite active in the worldwide blockchain community, attending several events. These comprised the New Era of GameFi Summit, GM Vietnam, Vietnam Rust Hackathon, Encrypted Conference in Kiev, BUidl Hour Event, and Proof of Collabs event.

Every event gave Conflux a chance to present its developments and interact with other important industry players.

Media coverage likewise tracked Conflux’s successes. The Shanghai Tree-Graph Blockchain Research Institute, according Xinmin Evening News, demonstrates China leading edge in worldwide computer science contests. This appreciation not only increases Conflux’s reputation but also emphasizes its contributions to the worldwide blockchain scene.

The integration of Cwallet with the Conflux Network was another noteworthy change. Celebrated with a special giveaway event, this cooperation delivers a safe and easy crypto wallet to millions of consumers. This integration is supposed to improve user experience and widen Conflux’s user base.

Conflux also held the Mengli Carnival in Chengdu, which included four main pet-themed activities and minting NFT blind boxes known as “PawPal.” This event highlighted Conflux’s adaptability and willingness to interact with a varied audience through creative and entertaining activities.

Market Performance and Future Prospects

Data from CoinMarketCap shows that CFX’s price at the time of writing is at $0.170, a 1.43% rise over the last 24 hours reflected. Moreover, CFX has displayed an optimistic tendency with an 8.44% rise over the past seven days. This good performance of the market points to increasing faith in Conflux’s possibilities and future.

On the other hand, Conflux Network also emphasized its efforts to enhance its award program for ecology, as CNF had previously reported. This program seeks to support creative ideas inside the Conflux eSpace, thereby building a vibrant and dynamic ecology.

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