WENZHOU, China,
July 21, 2021
/PRNewswire/ -- ZK International Group Co., Ltd. (Nasdaq: ZKIN) ("ZKIN", "ZK International"
or the "Company"), is pleased to announce that xSigma
Corporation, a subsidiary of the Company and a blockchain R&D
lab, has completed the smart contract development for its NFT
("Non-Fungible Token") Marketplace and successfully passed a smart
contract audit by Hashex.
xSigma has passed the audit by Hashex with zero critical, high
or medium severity issues. The audit report will be published
through xSigma's social media soon. The audit significantly reduces
the marketplace's risks and ensures customers' funds safety.
HashEx is a leading DeFi security provider. It started in
2017 as an auditor of software code, and since then has gained
outstanding expertise of how decentralized applications work. Most
recently, Hashex discovered a critical vulnerability in a DeFi
project with assets worth $20
million. Currently, Hashex is developing solutions to
bring security norms into the DeFi market, including designing 30
global projects currently running on blockchain integrations ; It
also audited over 250 smart contracts . Hashex's website is:
https://hashex.org
The xSigma NFT Marketplace will go live this summer with a
series of NFTs created after celebrities, athletes, and brands,
which will be announced soon. The Company decided to delay the
launch of the Marketplace to ensure customers safety and to
complete some strategic partnership deals, which will be announced
as well.
Mr. Huang, Chairman of xSigma stated, "Security seems to be the
biggest issue in today's blockchain ecosystem, including NFT, which
now counts for billions of dollars in sales. We have huge plans for
our NFT marketplace , so we take all possible actions to ensure our
customers and partners' safety, including passing this audit ahead
of our launch.",
About xSigma Corporation
xSigma Corporation is a blockchain R&D lab and a subsidiary
of ZK International. xSigma's team includes world-class developers
formerly of Google, Facebook, Ripple Labs, and 1inch. ZK
International launched xSigma as a research and development lab in
2018 to solve real- world infrastructure challenges. Its mandate
was to explore new opportunities in smart contracts, supply chain
management, and other blockchain-based solutions. XSigma has since
pivoted to decentralized finance, focusing on decentralized
exchanges, stablecoins, and lending protocols.
The research lab is now actively working on its ecosystem of
products. The ultimate objective is to build a range of financial
tools and products for the flourishing decentralized finance
industry. The xSigma team is on the leading edge of blockchain
research and development that intersects decentralized finance,
supply chain management, IoT, and infrastructure. The DeFi protocol
is one of many decentralized finance projects xSigma plans to
launch over the next 12 months. For further information about
xSigma, please visit its website at www.xsigma.com ,
www.xsigma.fi, https://xsigma-trading.com and
https://xsigma-nft.com
About ZK International Group Co., Ltd.
ZK International Group Co., Ltd. is a China-based designer,
engineer, manufacturer and supplier of patented high-performance
stainless steel and carbon steel pipe products that require
sophisticated water or gas pipeline systems. The Company owns 28
patents, 21 trademarks, 2 Technical Achievement Awards, and 10
National and Industry Standard Awards. ZK International is
preparing to capitalize on the $850 Billion commitment made by
the Chinese Government to improve the quality of water, which in
its current supply state is 70% unfit for human contact. ZK
International is Quality Management System Certified (ISO9001),
Environmental Management System Certified (ISO1401), and a National
Industrial Stainless Steel Production Licensee that is focused on
supplying steel piping for the multi-billion dollar industries of
Gas and Water sectors. ZK has supplied stainless steel
pipelines for over 2,000 projects, which include the Beijing
National Airport, the "Water Cube" and "Bird's Nest", which were
venues for the 2008 Beijing Olympics. Emphasizing superior
properties and durability of its steel piping, ZK International is
providing a solution for the delivery of high quality, highly
sustainable, environmentally sound drinkable water to not only to
the China market but to international markets such
as Europe, East Asia and Southeast Asia.
For more information please
visit www.ZKInternationalGroup.com. Additionally,
please follow the Company
on Twitter, Facebook, YouTube,
and Weibo. For further information on the Company's SEC
filings please visit www.sec.gov.
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SOURCE ZK International Group Co., Ltd.