Singapore, Singapore, 9th February, 2023, Chainwire
BinaryX, a Gamefi and IGO platform, today announced it will split its token, BNX. The decision was made after the project team ran a DAO vote and received overwhelmingly unanimous support (99.5%) to conduct the split. The exact timeline for the split will be announced on BinaryX’s social media and community channels soon.
BNX is the platform token of BinaryX, and is used as a utility token for all activities on the BinaryX ecosystem, including in games and for the incubation fund. This move to split the token is expected to lower the threshold for overall spending, to increase new users’ acceptance of the token, and consequently increase the adoption of BNX in a broader crowd.
“Last year, BinaryX experienced an increase in adoption in many regions of the world, and our product line up expanded significantly. We evaluated the market situation at present and concluded that the current price of BNX per unit could be optimized to better promote BinaryX’s economic model and products. We’re confident that our community is behind us on this decision. The new denomination of BNX will undoubtedly have a positive impact, providing new utility and consumption scenarios, and driving the wider adoption of BNX,” said Rudy, Head of Growth at BinaryX.
Once BNX is split, all consumption scenarios of the old BNX will be transferred over to the new BNX. The split will have the same effects on in-game and/or output scenarios (e.g. CyberChess Weekly Prize, Hero prices).
As of Feb 9, 12pm UTC+8, BNX is priced at $114.5, according to data from CoinMarketCap.
BinaryX reveals new games and plans to push VR/AR games through their IGO platform in 2023:
Besides the BNX token split, the BinaryX team also unveiled plans to expand their plethora of game offerings. They will be sharing a sneak peek of a long-awaited update of their flagship game, CyberDragon, and a new offering, Project M. The team also expressed the intention to introduce virtual reality (VR) and augmented reality (AR) games into their product lineup later in the year and is actively receiving applications from VR projects to provide fundraising support and advisory services. Updates will regularly be shared on social media and in BinaryX’s community channels, such as Twitter and Discord.
“To ramp things up even more this year for our users, we will be releasing a series of new games and game updates across the year, including an update for CyberDragon. We’re dropping sneak peeks of some of our games real soon, so please stay tuned. As always, we thank our holders for their invaluable support and we look forward to revealing all our exciting projects in 2023,” Rudy said.
About BinaryX
BinaryX is the GameFi platform behind play-to-earn games CyberDragon and CyberChess, both of which run on the BNB chain.
BinaryX began as a decentralised derivative trading system. The team gradually evolved into developing decentralised video games, and is now transitioning to becoming a GameFi platform offering IGO services to bridge Web2 developers to Web3.
As one of the top 10 projects on the BNB Chain, BinaryX has a vast community of more than 100k coin holders and 30K monthly active wallets. It is also one of the top few metaverse projects by trading volume on the BNB chain, with more than 250 million in market cap. BinaryX also has a token, BNX, that has consistently demonstrated strong performance despite the bear market.
For more details and information about BinaryX, please visit:
BinaryX Website | BinaryX Medium | About BinaryX deck
Our Socials: Discord | Telegram | Twitter
Check out our games on our website and YouTube
Contact
Communications Lead
Sam K.
BinaryX
marketing@binaryx.pro
San Francisco, USA / California, 8th February, 2023, Chainwire
Collector Crypt, a revolutionary startup bringing the $402 billion physical collectibles market to the Web3 space, has successfully closed its seed round, securing investments from GSR, Big Brain Holdings, FunFair Ventures, Genesis Block Ventures, Master Ventures Investment Management, StarLaunch, and Telos.
Collector transforms the multi-billion-dollar collectibles industry in a way that protects collectors from the unnecessary risks, high fees, and time-wasting logistics that plague the industry. The Collector model leverages established brands, grading companies, physical vaults, and decentralized Web3 marketplaces to offer globally accessible solutions for users’ prized collectibles.
Using fully composable blockchain infrastructure, Collector streamlines all aspects of the collectibles market on a global scale. But Collector is doing more than just competing with ecommerce giants; the Collector ecosystem evolves the way collectors interact with each other and their prized collections.
“As long-time collectors ourselves, we’re all too familiar with the friction between physical collectibles and our digital world,” said Collector CEO Tuomas Holmberg. “Trading cards used to mean heading to a local meet-up with people who you probably knew. Now it’s mostly done online, with cards worth a thousand times what they were, with people you don’t know, and on marketplaces that have lost touch with advances in technology and the needs of collectors. Yet they’ll still happily charge around 13% on every trade.”
Collector now turns focus to its upcoming marketplace launch and private round. Card collectors can begin depositing their collectibles today at collectorcrypt.com, or meet the team directly on Discord to learn more about what Collector can do.
“We are thrilled to be working with the Collector team as they continue to expand their community,” said Pete Mscichowski, Venture Investor at GSR. “We look forward to supporting the next phase of Collector‘s growth through its global, accessible solutions transforming the collectibles industry.”
“Tuomas’ successful exits from previous startups and his knowledge of and enthusiasm for physical collectibles like Magic: The Gathering impressed us. We’re confident in his team’s ability to create a tailored solution for collectors to share, trade, and collateralize their collectibles. We believe Collector’s users can benefit from both a decentralized marketplace and underlying vaulting solution that keeps cherished possessions secure,” said Christian Ng, Partner at Genesis Block Ventures.
Investors, collectors, superfans, and everyone in between can join Collector’s growing community. To learn more about the platform or to enquire about future investment opportunities, contact the team via the links below.
Contact
About Collector
Collector transforms the collectibles market by integrating physical ownership with Web3-powered digital marketplaces. This means significantly less time-wasting, fraud, risk, and fees than what millions of collectors currently experience transacting billions of dollars annually.
Collector’s native token, COLL, is distributed as rewards and unlocks the full potential of the platform. This includes discounts, premium features, and governance rights.
To learn more about Collector, visit https://collectorcrypt.com/.
Contact
CEO
Tuomas Holmberg
Collector Crypt Inc
info@collectorcrypt.com
Los Angeles, California, 8th February, 2023, Chainwire
Right before one of the biggest nights for recording artists, Gala Music, a global leader in Web3 music, ran an Open Mic event to find and celebrate undiscovered talent by holding auditions to win a career-making contract with the company.
Up-and-coming musicians lined the street outside The Wayfarer LA for a chance to launch their careers with Gala Music. Over 50 artists had the opportunity to perform in front of a live audience at the event which also attracted the attention of music industry experts, including Leila Steinberg, artist mentor and first manager for superstar rapper Tupac Shakur.
Given the ethos of Web3 music, the top five performances shortlisted will be streamed and put to a community vote on Gala Music’s weekly Web3 music show “Top of the Drops” This Grammys special episode of the show takes place on Thursday, February 9, 2023, at 12 PM PT on Gala Music’s official YouTube channel @GalaMusicOfficial.
The winning performance will be rewarded with a music contract allowing the winners to drop music in NFT form on Gala Music’s platform as tracks while providing fans with direct rewards and unique experiences like concerts, merchandise, backstage access and more. Previous emerging artists have made the monetary equivalent of 2.5 million Spotify streams in just one NFT drop with the platform.
This week’s “Top of the Drops’’ episode will also provide live viewers a chance to win two Access Passes to Gala’s 2024 Pre-Grammys Event. The lucky viewer will be flown to LA in 2024 to party with the Gala Music team at a VIP event with flight and hotel accommodations provided.
Gala Music’s CEO, Sarah Buxton (Bux), describes the Open Mic event: “This is what Gala Music is all about! The event created a much deserved, and potentially career-changing opportunity for artists in the community. We can’t wait to see who the Gala Music community votes to receive a contract. There are so many talented musicians that Web3 music can help discover and give a platform to.”
The Top of the Drops Grammys episode streams on Gala Music’s YouTube channel this Thursday, February 9th at 12 PM / 3 PM ET and other shows can be found there weekly.
About Gala Music
Gala Music is a decentralized music world built for artists, fans and supporters. With music NFT drops, rewards, unparalleled experiences and some of your favorite stars, Gala Music is shaking up the music industry to make it more enriching for everyone.
For more information visit: https://music.gala.com
About Gala
Gala is a world-leading Web3 entertainment company that uses blockchain technology to power digital ownership and rewards, creating a revolutionary new way of building and consuming entertainment.
Launched in 2019 with Gala Games, Gala is the parent company to Gala Games, Gala Music and Gala Film. The vision brings all three brands together in the shared pursuit of offering fans and creators unique and immersive experiences powered by Web3.
Gala’s growing roster of reputable partnerships includes DreamWorks, AMC, NBCU, legendary game developers Peter Molyneux and Will Wright as well as music greats such as Snoop Dogg, Ice Cube, Kings of Leon and BT under the Gala brand.
For more information, visit: https://gala.com
Contact
Anna Assinder
Gala
press@gala.games
Vaduz, Liechtenstein, 8th February, 2023, Chainwire
Coin98 Super App and swappin.gifts have launched their latest plug-in integration and collaboration: the swappin.gifts DApp is now available straight from the Coin98’s DApp Browser under the Utilities section.
Coin98 Super App, a non-custodial, multi-chain wallet and DeFi gateway, is currently one of the most popular digital wallets trusted by over 6 million of users globally.
swappin.gifts is a blockchain-based Web3 platform that offers compatibility with a vast range of digital currencies and tokens, allowing users to buy gift cards for global brands and e-commerce stores. The platform features an extensive selection of gift cards for everyday consumer products, including groceries, medicine, flights, hotels, car rentals, food ordering, and supports all Web3 connected wallets on four major chains – Ethereum, Polygon, BNB Smart Chain, and Avalanche. With a user-friendly interface, customers can easily find ideal gift cards by searching by country and brand. Gift cards purchased with crypto can be redeemed in over 50 countries. The process is simple, all users need to do is connect their wallets, choose the chain, the token, and the gift card, and they are ready to shop. swappin.gifts represent a major milestone in web3-based shopping and offers individuals the freedom to shop for everyday consumer products and gifts using crypto.
A completely new world of IRL goods and services shopping experience for Web3 users globally
The collaboration between swappin.gifts DApp and Coin98 Super App is a giant leap to the future of decentralized retail and a fresh approach to the entire off-ramp mechanism for the Web3 community.
With swappin.gifts DApp simple and robust systems and Coin98 Super App simple and all-in-one wallet, users can shop globally with just a few clicks anywhere in the world without the need to use complicated fiat solutions. 
swappin.gifts in the Coin98 utility DApp browser
swappin.gifts DApp is extremely easy to use inside Coin98 Super App, you just need to search for swappin.gifts in the utility section or via the in-app search and start shopping globally.
Download Coin98 Super App & start purchasing gift cards right away: https://coin98.com/wallet
“Through this connection, Coin98 makes swappin.gifts more accessible to our 6 million+ users when they have immediate access to the platform. Together with swappin.gifts, we’re looking forward to bringing fantastic goods and services shopping experience to Web3 users in tandem with the purchasing journey in real life. Our collaboration is poised to shake up the digital gifting world. ” – Vinh The Nguyen, Co-Founder & CEO of Coin98 Finance.
“We are excited about the integration with Coin98 that brings our state-of-the-art solution to Coin98’s 6 million+ users. Our platform combines accessibility and ease of use with a strong focus on safety, security, and trust. We have successfully deployed a smart contract that protects our partners and their users. Marking a significant milestone in our personal journey that took over a year of research and development. I would like to emphasize that our smart contract is non-upgradable, as guaranteed by the blockchain and the availability of its full source code. This non-upgradability ensures the security of the contract’s features and makes them easily verifiable by anyone. At swappin.gifts, we place the utmost importance on safety and transparency. We hope that this integration will set a new standard.” – Ariel R. Abramovsky, Co-Founder & CEO of swappin.gifts
About swappin.gifts
swappin.gifts is a DApp that allows users to purchase from a selection of thousands of different gift cards using thousands of different cryptocurrencies over several blockchains. Built on Web3 and decentralized settlement rails swappin.gifts acts as a new and transformative off-ramp solution with global coverage in more than 50 different countries.
Twitter | Telegram | swappin.gifts DApp
About Coin98 Super App
Coin98 is the #1 crypto super app designed to seamlessly connect a billion users to the crypto world safely and securely.
We offer users across the globe a comprehensive and trusted ecosystem of essential services, including but not limited to a non-custodial, multi-chain NFT & cryptocurrency wallet, built-in DEXs, Cross-chain Bridge & DApp Browser, a powerful Terminal, attractive Earn, Gift & Campaign, and Others.
Download | Twitter | Discord | Telegram | Docs | Blog
Contact
swappin.gifts Office
contact@swappin.gifts
Los Angeles, United States, 7th February, 2023, Chainwire
DeSo is excited to announce the launch of MegaSwap – a revolutionary, cross-chain smart service that enables users to securely and easily swap coins between different blockchains with a frictionless zero-login. MegaSwap solves various critical pain points, including onboarding new users and liquidity to any web3 application across any blockchain ecosystem.
In its limited release, the platform has already seen more than $5 million in volume, demonstrating its potential to revolutionize the crypto market with cross-chain swaps.
MegaSwap offers an alternative and safer solution to the traditional centralized exchange model where users don’t ever have to log in or provide sensitive personal information. Instead of storing their coins on a centralized exchange, users can store them in their own self-custody wallets to mitigate the risk of unforeseen meltdowns, such as those seen with FTX, BlockFi, Celsius, or Voyager.
MegaSwap is a simple, innovative solution for developers seeking to build web3 applications on different blockchains. Developers can install its frictionless zero-login API with a single line of code, making their apps chain-agnostic and accessible from any blockchain. For the first time, apps on Ethereum can easily compose with apps on Solana or DeSo. MegaSwap thus makes it easier for liquidity and new users to be onboarded into any blockchain ecosystem.
“One of the biggest use cases we think will have the greatest impact is onboarding new users that don’t own your coin. That all changes with MegaSwap, where devs can leverage crypto-to-crypto swaps between any two coins no matter what blockchain ecosystem they’re in. This last use case is a great wedge because it solves the biggest pain point for every blockchain dev today: getting new users without making them buy your coin on an exchange.” – Founder of DeSo, Nader Al-Naji, explains.
The blockchain ecosystem is currently fragmented, making it hard for users who want to try out different web3 apps. With MegaSwap, users can easily and securely swap between Ethereum, Solana, Bitcoin, DeSo, and USDC, with support coming soon for other blockchains like NEAR, ADA, Doge, and more! This makes it easier than ever to move funds between blockchains allowing communities to seamlessly navigate from app to app.
DeSo is committed to creating a Social Layer for Web3 that allows communities to seamlessly transition between different blockchains. The launch of MegaSwap is a testament to this commitment and eliminates a major hurdle preventing the mass adoption of cryptocurrencies.
This is yet another example in a recent string of successes for DeSo. Recently, they launched a breakthrough fundraising platform called Openfund that enables entrepreneurs to launch tradeable coin-backed fundraising rounds via the world’s fastest order book exchange.
With the combination of Openfund and MegaSwap, founders and builders can easily fund projects, acquire new users, and expand their reach with a comprehensive suite of powerful tools in the DeSo ecosystem.
They also recently partnered with Princeton University to launch the first-of-its-kind web3 startup competition and have a slew of upcoming releases that will position DeSo as the go-to layer-1 blockchain to build decentralized social media applications.
Additionally, the Social Network Hard Fork just went live, enabling decentralized verifications. They plan to move to a proof of stake later this year, improving performance and energy efficiency.
About Deso
DeSo is a new layer-1 blockchain built from the ground up to decentralize social media and scale storage-heavy applications to billions of users. It raised $200 million and is backed by Sequoia, Andreessen Horowitz, Coinbase Ventures, Social Capital, Polychain Capital, Winklevoss Capital, Pantera, and other blue chip funds.
Check out the full roadmap and claim your username on deso.com.
Contact
Ash Ghaemi
DeSo Foundation
Ash@deso.org
While Twitter is only thinking about introducing crypto payments, users are moving with might and main to ecosystems where it is possible to use cryptocurrencies as a means of payment, with blockchain technology helping to carry out all operations in an automated mode.
More than 1.5 million users from 120 countries around the globe currently prefer to spend their time inside PLC Ultima, a blockchain-based ecosystem born to disrupt the way we interact with each other in virtual space.
PLC Ultima is a home to a handful of services for everyday use making it a solution for everyone and not only those technically savvy. The services most in demand are a crypto wallet with a unique feature to generate new coins via mobile app, a crowdfunding platform and classified marketplace, all rolled up in one decentralized ecosystem. PLC Ultima also offers a crypto-friendly card that serves just like an ordinary banking card.
PLC Ultima aims to revolutionize a vast number of industries, especially e-commerce, by providing all its members with a trustless and seamless platform for interaction online.
What is PLC Ultima?
PLC Ultima comes packed with numerous services and features. As a decentralized ecosystem it operates its own native coins, allowing seamless and transparent transactions without intermediaries or high fees.
Some of the extensive services of the PLC Ultima ecosystem are:
- PlatinDeal
It is a classifieds digital platform where members of the PLC Ultima ecosystem can buy and sell goods and services paying for them with preferrable cryptocurrency. When using native coins of the ecosystem, users receive a significant discount. The site interface is as simple as possible: customers only need to register and then can immediately start buying or selling goods and services, create their own digital stores or go shopping paying for selected items with cryptocurrencies.
- Farm App
As a decentralized system, PLC Ultima operates two coins, PLCU and PLCUX. PLCU is a coin for remittances and payment, while PLCUX is implicit for generating new coins. The process of generating new coins is called minting. Users just need to download two mobile apps, Ultima Farm and Ultima Wallet, register, and freeze a certain number of PLCUX coins in the FARM wallet. Depending on the number of frozen coins and selected license, users can increase the number of coins in their wallets. All minted coins can be spent inside the ecosystem on goods or services or moved to external crypto exchanges.
- PlatinHero
Platin Hero is a crowdfunding platform empowered with smart contracts. By moving all crowdfunding operations to blockchain, PlatinHero eliminates risks of fraudulent projects. It makes a crowdfunding process fruitful to all users. With PlatinHero it’s easy to establish a strong connection with your audience and raise funding for your project, while finding out if the audience shows interest in this idea.
- PLC debit card
PLC Ultima launched a handy multi-coin card, and it can be used in brick-and-mortar and online shops just as if it was an ordinary banking one. PLC Cards can be replenished with cryptocurrencies (LTC, BTC, BCH, ETH, USDT, EOS, BAT, and PLCU) or fiat currencies (US dollar, Euro, Chinese yuan and Japanese yen).
It also differs from other crypto-friendly cards. Unlike its competitors, PLC Card is focused not only on small daily payments, but also on large purchases. PLC Card offers exceptionally high daily limits (up to €150,000).
The PLC Ultima team is constantly working to improve its products and service offerings by adopting and integrating new features into the ecosystem and expanding its utility. With cryptocurrency adoption gaining ground around the world, PLC Ultima hopes to implement more solutions focused on these concepts that will benefit the ecosystem members.
In a marketplace, it is not abnormal to notice rivalry from different market stakeholders, especially those who have commodities or services up for sale or patronage. That sense of competition is quite healthy for the industry, especially when the competition is a devoid of bitterness and animosity.
As the cryptocurrency market continues to recover from the downturn it witnessed in mid-2022, crypto currencies have been going shoulder-to-shoulder in ensuring they secure enough investor base necessary to stay afloat. It is a matter of fact that cryptocurrency strives in the strength of its community, therefore, the larger the community of a currency, the bigger it gets.
As we look at one of the fiercest rivalries in cryptocurrency – Dogecoin vs Cardano – we will also examine one of the most promising tokens which have gotten people talking and generating buzz around the marketplace. We will also explore the presale meme coin Big Eyes Coin (BIG) and how it is disrupting the crypto scene.
Cardano ‘Carting’ Home Numbers
Cardano (ADA) has seen a bull trend from the start of the year, gaining by 65% and reaching a high of USD 0.39. Additionally, throughout that time, the coin’s market cap increased by about $5 million, staying above the Elon Musk-backed Dogecoin, both in market value and market capitalization.
ADA has resisted moving over USD 0.40, but if it does, there is a significant probability that it will continue to rise and perhaps double in value over the course of the following month. ADA is also supported by fundamentals that could help the coin grow back up to $1.
The recently released Djed stablecoin may potentially enhance the value of ADA because it is expected to raise the token’s worth by enhancing the network’s Total Value Locked measure.
Dogecoin Aims To Topple Cardano With Twitter Payment
The Financial Times reported on Tuesday that Elon Musk is considering adding a payment system to Twitter, which fueled rumors that the business would integrate the alternative currency into his social media platform and send Dogecoin to new heights. Since the news, Dogecoin has been on an upward trajectory.
According to the article, Twitter has begun creating the software required to implement payments on the system and asking for regulatory licenses as part of its effort to develop a new revenue stream for the site.
According to insiders who spoke to the FT, a team at Twitter is also building a vault for securely keeping user data that a payment system would gather.
Big Eyes Coin Within Touching Distance Of USD 22 Million
The community meme token, Big Eyes Coin (BIG) focuses on NFTs. NFTs play a critical role in Big Eyes’ long-term goals. Furthermore, it promises to increase global decentralization and safety. Big Eyes assumes the appearance of an attractive cat. The cat’s behavior has been influenced by its mixed American and Japanese upbringing. By making gifts to charities, this cat hopes to contribute to a safe and healthy ocean.
Building a solid community and making a positive impact on society are both goals of Big Eyes, as it aims to build a strong investor base that will make a significant positive impact in the digital currency industry. Big Eyes Coin has, in the space of time in which it has operated, earned the trust and confidence of investors, due to having a formidable team and a clear set path for market growth and sustainability.
Still, in presale, Big Eyes Coin has generated almost USD 22 million and is set to go live in no distant time. Big Eyes’ achievements are, however, not unconnected to the 200% launch bonus offer which investors have been cashing in on. As a result, investors now earn 3 times their investment when they buy Big Eyes’ tokens. Get your own 200% launch bonus by using the promo code: “LAUNCHBIGEYES200”.
Find out more about Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Souel, Korea, 1st February, 2023, Chainwire
- NFT auction on playNomm for a pre-drop event of NFT Korea Festival
- Artwork was sold out at its highest buyout of US$16,000 in 4 minutes
On January 31st, on NFT marketplace playNomm (CEO, Sung-Uk Moon), Equinoz’s, one of Superchief Gallery NFT artists, artwork recorded a sold-out 4 minutes into the auction, through the artist’s all-time high buyout price.
As a second pre-drop edition of the upcoming “NFT Korea Festival” in March, Equinoz’s ‘Cybernetics’ was revealed and started a 7-day auction on January 31st. The auction was supposed to be carried out until February 8th. However, just 4 minutes into the auction, this artwork was bought out by a collector for 40,120 LM, equivalent to US$ 16,937, ending the auction. 
(Equinoz)
Equinoz is a 3D artist who creates delicate and intertwined images between virtual and reality, under the theme of “Visible Future”. He is an active artist selling on many other NFT platform such as Open Sea and Super Rare, and also works in various fields such as games, commercial videos, music, clothing brands, etc
As a pre-event of the NFT Korea Festival, three NFT auction is held on playNomm NFT marketplace. The 1st drop was Shavonne Wong’s ‘Light in the Shadow’ which was sold for 65,800LM, the equivalent of US$26,776. As the 2nd drop, Equinoz’s ‘Cybernetics’, has achieved an early sold-out with a high buy-out price, expectations are growing for the 3rd auction starting on February 16th with the artwork of Davey Perkins. 
(‘Cybernetics’)
The NFT Korea Festival is to be held on March 7th and 8th 2023, at DDP, Seoul. A collaboration with Superchief Gallery NFT, this will be one of the largest gathering of NFT industry and Web 3.0 leaders in Asia. There will be over 120 pieces of NFT artwork from 120 Global and Korean NFT artists on display, renowned Web 3.0 leaders sharing their thoughts and views, and many more exciting events at this NFT festival.
The NFT marketplace 2.0 playNomm is the first service platform of LeisureMetaverse project. It is evaluated as having unique tokenomics, based on an Act To Earn (A2E) reward model, and combining the utilities that can be used in real life.
“We have experienced a lot of interest and sold out for our 1st and 2nd limited pre-drop, even in this crypto winter. We could tell that users are still very interested in NFTs. So, starting with the NFT Korea Festival at DDP in March, playNomm will make a step in expanding the NFT ecosystem and becoming the global NFT Hub.”, said Moon Seong-eok, CEO of Playnom.
For more information, visit:
Contact
Media team
playNomm Inc.
contact@playnomm.com
South Bend, Indiana, 31st January, 2023, Chainwire
Leading enterprise blockchain solutions provider SIMBA Chain announces it has been selected for a $30M STRATFI with the U.S. Air Force (USAF), following up on multiple projects the company has completed for the military branch in recent years.
The USAF STRATFI is focused on identifying and advancing technologies that have the potential to secure its future dominance. The $30M investment reflects a significant budget increase compared to previous blockchain initiatives, and will focus on the development and deployment of blockchain applications in supply chain management. These programs are designed to be used by the Office of the Undersecretary of Defense for Research & Engineering, the USAF, U.S. Navy, U.S. Army, and the Defense Logistics Agency.
Commenting on the new partnership, Stacy Betlej-Amodeo, Vice President of Government Operations at SIMBA Chain, elaborates “Our new project for the USAF will pave the way to more efficient and comprehensive management of assets within the Department of Defense supply chain. SIMBA is thrilled to build upon our existing partnership with the DoD to scale blockchain technology across the enterprise.”
Previously, SIMBA Chain has developed various blockchain applications to improve crucial USAF activities, including the tokenization of the organization’s budget to enhance accounting, as well as the tracking of critical components vital to the air service branch. The STRATFI will significantly accelerate development of the SIMBA Blocks platform while delivering in-transit visibility that supports the USAF strategic mission.
“Through STRATFI our Government partners are sending a strong demand signal for blockchain technology. Given the interconnectedness of the DoD supply chain, it also signals an opportunity to collaborate and increase adoption within the commercial industry,” says Bryan Ritchie, CEO of SIMBA Chain, of the opportunity.
About SIMBA Chain
Incubated at the University of Notre Dame in 2017, SIMBA Chain (short for Simple Blockchain Applications) is a fully integrated development platform that government agencies use to bridge and connect to Web3. SIMBA Blocks is at the core of this offering, abstracting the complexities of blockchain development to make Web3 accessible to all.
SIMBA Blocks is a fully integrated platform that addresses governments’ unique challenges when implementing blockchain-based solutions. From resilient information sharing and rapid decision-making to military supply chains, SIMBA’s exceptional network performance and robust security features safeguard government data systems.
The robust platform delivers a low-configuration environment that auto-generates REST APIs capable of connecting to smart contracts on multiple blockchain protocols. With the ability to choose and migrate between public, private, and hybrid chains, governments can optimize their blockchain applications while future-proofing Web3 investments. Most importantly, as a government-proven platform, SIMBA Blocks ensures blockchain-based applications interact seamlessly with legacy systems across public and private domains. Visit simbachain.com to learn more.
Contact
PR Manager
Simon Moser
simon@polygrowth-pr.com
Abu Dhabi, Abu Dhabi, 31st January, 2023, Chainwire
Venom Ventures Fund, a Web3 and blockchain innovation fund managed by Abu Dhabi-based investment fund manager Iceberg Capital Limited, has announced a strategic partnership with Everscale, a premier blockchain that aims to solve the scalability issues bogging down the Web3 industry.
Venom Ventures Fund has committed a $5 million investment in Everscale to help it further expand its development teams and boost the number of projects. The investment will be in stages, based on the progress and cooperation indicators.
Everscale has been diligently working on expanding its reach and integrating its technology solutions in Asian countries over the past two years, while also building a strong community. Its dynamic sharding technology enables it to efficiently adapt to varying workloads, thus making it an easy and practical option for creating large-scale Web3 and other types of applications.
The Venom Ventures Fund was launched by Iceberg Capital Limited in partnership with Venom Foundation, the first officially licensed and regulated Layer-1 blockchain operating within the Abu Dhabi Global Market (ADGM).
Venom Ventures Fund Chairman Peter Knez, ex-CIO of BlackRock, said, “For us, this is a strategic investment aimed at the technological development of projects and teams around technologies that we focus on and actively develop. In particular, we are talking about the Venom blockchain project and its ecosystem, which is planned to be launched soon and for which Everscale is a potential Layer 2 solution.”
Venom and Everscale teams will be working together on the further development of the core and the ecosystem bringing the adoption of blockchain closer to real business use cases. Current initiatives such as digital asset tokenization platforms, a full framework for CBDCs and stablecoins and payment solutions with crypto to fiat gateways are already making good headway.
Commenting on the investment, Everscale Foundation Board Member Moon Young Lee said, “This is a milestone for both the Everscale and Venom networks. The technological capabilities of Everscale are immense but they have been underappreciated by a wider audience. Now, Everscale will be able to operate as an experimental network where updates and complex technical solutions can be introduced before they are brought to Venom. This investment will allow Everscale to gain the recognition that it deserves.”
Designed as a network of blockchains, Venom has no limit to the number of other auxiliary networks at the Layer 2 level and no limit to the economy type or operation at the Layer 2. This particular architecture means that mass adoption is now achievable on the Venom blockchain.
About Everscale
Powered by an infinite sharding mechanism, the Everscale network adapts to any workload it is tasked with, without the size of the load affecting transaction times or processing fees. This makes it the ideal blockchain for hosting high-scale web3 and other load-intensive projects. Over the past two years, Everscale has emerged as one of the leading blockchains in Asia, with a thriving community and robust ecosystem of DeFi platforms.
More About the Everscale network:
Website | Twitter | Whitepaper | Github | Telegram Ann | Telegram | Discord
About Iceberg Capital
ICEBERG Capital Limited is regulated by FSRA as a Prudential Category 3C investment manager based in ADGM. ICEBERG capital is a fast-growing alternative asset management company that provides diversified investment management platforms that includes direct and private equity, venture capital, technology, and virtual assets. ICEBERG capital also offers traditional asset management services such as investment portfolios as well as specialized platforms for securities, and blockchain technology.
For media inquiries, please contact: Abdullah Al Weshah, abdullah@icebergcapital.ae
For more information about Iceberg Capital, visit: Website | LinkedIn
About Venom Foundation
Venom is the world’s first regulated blockchain. The decentralized network operates under the jurisdiction of the ADGM, with a license to issue utility tokens. The ADGM is an oasis for investors and financial services firms, positioning Venom as the world’s first compliant blockchain, affording authorities and enterprises the freedom to build, innovate, and scale.
A portfolio of in-house dApps and protocols has been developed on the Venom blockchain by various companies. It now harbors the potential to become a bridge for the adoption of CBDCs in the Middle East, North Africa, and worldwide.
For media inquiries, please contact: Adam Newton, pr@venom.ventures
For more information about Venom Ventures, visit: Website | Twitter
For more information about Venom Foundation, visit: Website | Twitter
Contact
Adam Newton
pr@venom.ventures