Sukhavati Network Enters Strategic Partnership with Marhaba DeFi
Sukhavati Network is pleased to announce our latest collaboration with Marhaba DeFi, a Decentralized Finance Platform that promotes the true spirit of an “Inclusive DeFi”, where all communities, including the ones from the Islamic World, can benefit from DeFi.
It has been Marhaba DeFi’s mission to make Shariah-compliant trade easier and more efficient by standardizing complicated scenarios using a user-friendly interface. As a result, Marhaba DeFi will be able to connect the Muslim community with the blockchain world through its technical expertise and intimate understanding of the Islamic ecosystem.
Sukhavati Network and Marhaba DeFi will combine their resources and technological capabilities to find and construct ethical DeFi solutions. Sukhavati Network’s decentralized storage will be utilized to construct the NFT infrastructure of Marhaba DeFi.
“An integral part of Marhaba’s (MHB) mission is anchored in achieving decentralization in its truest form, not just in terms of market offering, but across every function internally as well, i.e. operability. Hence our strategic partnership with Sukhavati Labs (SKT) given its Decentralized Storage Protocol is apt, and could not have come at a better time.
Furthermore, given MHB’s ambitions of being Parachain in the foreseeable future on the basis of Polkadot, SKT is a great fit as they have similar intentions.
We are excited, and our teams’ synergizing at this juncture opens up a host of very valuable opportunities across the product, investments, & business development facets of the business” — Naquib Mohammed, Marhaba DeFi Founder & CEO.
The users of Marhaba’s DeFi platform and NFT marketplace will be able to have total confidence in the fact that their data is also securely stored on Sukhavati’s storage network, all while harnessing the power of blockchain. By pooling resources together, both investors will work to identify token dependencies and look for possible investment opportunities.
“Sukhavati Labs is incredibly excited to be partnering with Marhaba DeFi to bring the web3 vision to all people and communities in the world. Marhaba Defi will create an inclusive, faith-based, ethical DeFi platform, with a special focus on serving the world’s 2 billion Islamic practitioners. Users of Marhaba’s DeFi platform and NFT marketplace will be able to trust that their data is also securely stored on Sukhavati’s trustless, decentralized, and robust storage network, bringing the promise of crypto and DeFi full circle. With both teams aiming to join the Polkadot ecosystem as parachains, the time is ripe for us to join hands now.” — Mindaugas Savickas, Sukhavati Protocol CEO.
Sukhavati Network looks forward to this collaboration as we believe both companies will prosper and create significant changes in the future of the blockchain industry. Stay tuned on our social media platforms to know more.
About Marhaba DeFi
Marhaba DeFi is a platform built to embody the true spirit of an “Inclusive DeFi” by promoting participation finance, where all communities, including the ones from the Islamic World, can benefit from the benefits of DeFi.
Based on the tenets of Blockchain such as trust, transparency, and security; Marhaba DeFi has encapsulated universally applicable principles of Shariah into those tenets of Blockchain to render a suite of offerings.
Marhaba DeFi was founded with the vision of bringing a “Muslim also” platform, rather than making it an exclusive “Muslim only” offering.
They are a diverse team of researchers, technocrats, influencers, Islamic fintech experts & business entrepreneurs, who came together to ensure that Marhaba DeFi prevails in a manner that will impact society as a whole, essentially bridging the gap between the Faith-Conscious Communities and the Blockchain world.
Read more about Marhaba DeFi here:
Telegram Chat: https://t.me/mdf_official
Telegram Announcements: https://t.me/marhabadefi_ANN
Telegram Arabic Community: https://t.me/mdf_arabic
About Sukhavati Network
Sukhavati Network is a decentralized cloud network service that is focused on storage. The network is built on hardware-based Trusted Execution Environment (TEE) and the Substrate framework to inspire and incentivize improvements on distributed storage ecosystems.
Sukhavati creates a decentralized gateway that covers both Web 3.0 and Web 2.0 storage services. It allows unified data storage, retrieval, and management on Web 3.0 applications.
Telegram Channel: https://t.me/SukhavatiNetwork
Telegram Announcement Channel: https://t.me/SukhavatiN