This is the native blockchain of crypto.com, just as Binance Smart Chain(BSC) is to Binance. It is an open-source, permissionless, high-speed, and low-fee blockchain.  It is Crypto.com's latest effort to facilitate decentralized payments and the creation of Non-fungible tokens. It is also the powerhouse of crypto.com Pay and is purported to be used for more of crypto.com's transactions as time goes on. It's still relatively young, though, and more is still to be expected from it even though it has already surpassed expectations with the number of users and validators on the chain. Even though it just started, it has strong partners already. These include Particle B, Alchemy, AUDIT.one, Huobi Pool, Chainflow, Chainalysis, Cipher trace, Coinfirm, etc.,