Opera Proposes Shift to CELO Tokens in Deeper Push Into Blockchain Ecosystem

[madmax]

Like many blockchain-native tokens, CELO has struggled to return to its previous highs. Source: CoinMarketCap

Opera is seeking to restructure its agreement with the Celo ecosystem by replacing cash payments with native tokens. The company has proposed receiving 160 million CELO instead of US dollar-based compensation, pending approval from Celo’s onchain governance community.

If approved, the move would align Opera’s financial incentives more closely with Celo’s long-term growth and position it as one of the largest institutional holders of the token. The companies have collaborated since 2021, with Opera integrating Celo-based stablecoins into its browser and expanding its MiniPay wallet, which now has 14 million users focused on payments in emerging markets.

[etfs]

Crypto companies holding crypto to prove they believe in crypto. Full circle