Recently, the NEM Foundation released a March update on their blockchain development.
The report begins by reassuring users of the Covid-19 situation and that everyone working on the project has taken precautionary measures, stressing that their safety is a priority. Furthermore, development has not been interrupted and work on the launch of Symbol keep going.
In fact, NEM had announced that it would carry out a rebrand with a new name and a new logo, which the community had to vote on some time ago.
Another update concerns Symbol Academy, whose work is being done to produce video content to create completely free online courses; These will be ready by the end of the year, considering that currently only 30% of the planned material is ready.
The marketing department is also working hard to create new content with new logos and symbols that will from now on replace the previous ones and then gradually replace the logos of the various platforms, including the official ones. In terms of development, the engineers are working on the tests that will be carried out before celebrating the official launch of new products, including the PoC (Proof of concept) for the payment service of some cafes and shops in Japan that used NEM as a payment method.
Finally, the report concludes by highlighting the association with LuxTag to support Malaysia's first STO, and partnering with the central bank of lithuania to produce collectible coins using the NEM blockchain.
So, despite the Coronavirus, it is clear that the NEM Foundation is moving forward with the project. Recently, some people who had NEM tokens stolen from a previous attack on Coincheck have also been arrested.