Singapore, Singapore, 19th September, 2022, Chainwire
Inery, a decentralized data system, announces the official listing of its token on Huobi Exchange is set to go live on September 28, 2022. Huobi Exchange is one of the world’s leading crypto exchanges, supporting over 1000 trading pairs and more than 600 cryptocurrencies.
Inery takes a different approach to decentralizing data and data management for both Web2 and Web3 companies while streamlining the shift to the decentralized web.
Inery ecosystem is curated to enable decentralized data management by integrating blockchain functionalities like immutability, security, and owner-controlled data assets with the distributed database properties to enable high performance, low network latency, and complex query functions. The ecosystem is secured and powered using the network’s native token, $INR.
“We are pleased to have Huobi Exchange on board with us. Listing Inery token plays an integral role in our roadmap; and with Huobi’s support, we can bring Inery’s vision to the markets and onboard more people in our mission to reshape the world through the paradigm shift in data management,” stated Dr. Naveen Singh, Inery co-founder, and CEO.
When listing on Huobi exchange, the official listing pair of Inery will be INR/Tether (USDT) trade pair will become available for trading at 13:00 UTC on September 28.
The project’s approach is to ensure that data management and storage is not constrained to walled gardens, and the power is handed back to the users as we advance towards the revolution of the internet– Web3.
Huobi is supportive of the innovative projects empowering users in the crypto and blockchain sector and integration of the technology with other verticals, which is why $INR token’s first listing will be on Huobi Exchange.
About Inery
Inery is a layer-1 blockchain and decentralized data system. It enables a decentralized, secure, and trusted foundation for database management. Leveraging blockchain technology, Inery introduces a decentralized and distributed infrastructure for database management.
About Huobi
Founded in 2013, Huobi Group is a world-leading company in the digital economy industry, with a mission to make breakthroughs in core blockchain technologies and integration of blockchain technology with other industries.
Huobi Group boasts of offering world-class security and a global ecological and industrial layout. It has partnered with Sequoia, Fenbushi Capital, Link Capital, Node Capital, SVIEF, CIDA, FBG Capital, and more.
Contacts
Director of Marketing & PR
- Tijana D Gertner
- INERY PTE. LTD.
- tg@inery.io
Zug, Switzerland, 19th September, 2022, Chainwire
The GRN Association announced today that it has secured an investment totaling $50M for the GRNGrid project from GEM Digital Limited, a venture capital focused on digital currencies.
About GRNGrid
GRNGrid is an environmentally friendly, scalable, and stable Layer 1 blockchain, with novel DeFi features. On GRNGrid, users have the choice to only use nodes running exclusively on renewable energy for their transactions.
GRNGrid’s renewable energy partners, who specialize in data center and hosting facilities, have shown keen interest in running Grid’s nodes as validators. With their help, the company can kickstart the availability, speed, and sustainability of GRNGrid in Q2 2023. GRNGrid’s novel features as GRNPay and Exnode will also encourage developers and consumers to connect on GRNGrid.
GRNGrid is also introducing Proof-of-Stake V2 (PoS2). GRNGrid is the first blockchain with a consensus method specifically designed to tackle whales and achieve fairer distribution. This consensus method will deliver increased security, enhanced decentralization, and better financial sustainability.
GRN ($G) is the native token of GRNGrid. “G” will govern the blockchain by staking to validate and earn validation rewards. Consumers are able to provide liquidity to the inbuilt DEX called Exnode.
The GRN Association is a Swiss-based NPO (non-profit organization), — and protects the sustainable vision of GRNGrid, as well as providing funding to environmental projects. The association also handles the ReCharge program, which enables GRNGrid validators to repurpose their hardware and cut back on electronic waste.
The new funding from GEM will be invested in further connectivity with top crypto Exchanges, adding new global professional partnerships, and building out its blockchain technology and infrastructure.
Frederik Vyncke: “The GRN Association is confident that with the support of GEM investment and the community, it can bring GRN Grid to fruition and be setting the tone for a renewable blockchain with innovative features and create a sustainable development”
For more information, visit:
About GEM
GEM Digital Limited is a digital asset investment firm. Based in The Bahamas, the firm actively sources, structures, and invests in promising utility tokens listed on over 30 centralized and decentralized exchanges globally.
For more information, visit:
Contacts
Board Member
- John de Vroede
- GRN Association
- john.devroede@grngrid.com
Board Member
- Frederik Vyncke
- GRN Association
- Frederik.Vyncke@grngrid.com
Geneva, Switzerland, 19th September, 2022, Chainwire
TRON DAO and BitTorrent Chain (BTTC) are excited to announce Season 3 of the TRON Grand Hackathon 2022. This season is focused on expanding upon the success of Season 2, when we had over 1800 participants with over 200 projects. We intend on keeping that momentum moving forward.
In Season 3, we are increasing our overall prize pool from $1 million to $1.2 million. The same 4 tracks will be available for participants, and 2 new tracks will be introduced.
The returning tracks will have a total of 5 winners chosen by members of the TRON community as well as 5 winners chosen by the judges. There will be 5 winners for the Academy track along with 5 “honorable mention” winners. The Ecosystem track will feature 10 winners, 5 for creative based projects and another 5 for technical based projects.
Prizes for judge-voted winners across the DeFi, GameFi, NFT, and Web3 tracks:
- 1st Prize – $60,000
- 2nd Prize – $50,000
- 3rd Prize – $40,000
- 4th Prize – $30,000
- 5th Prize – $20,000
Prizes for community-voted winners across the DeFi, GameFi, NFT, and Web3 tracks:
- 1st Prize – $10,000
- 2nd Prize – $9,000
- 3rd Prize – $8,000
- 4th Prize – $7,000
- 5th Prize – $6,000
Prizes for Technical & Creative projects in the Ecosystem track:
- 1st Prize – $15,000
- 2nd Prize – $12,500
- 3rd Prize – $10,000
- 4th Prize – $7,500
- 5th Prize – $5,000
Prizes for judge-voted winners in the Academy track:
- 1st Prize – $15,000
- 2nd Prize – $10,000
- 3rd Prize – $9,000
- 4th Prize – $8,000
- 5th Prize – $7,000
The 5 “honorable mention” winners in the Academy track will each receive $5,000.
To learn more about community voting and the prizes surrounding it, make sure to visit the TRON DAO Forum.
We are excited to discover a multitude of innovative and diverse projects looking to positively influence the world with TRON.
About Tron DAO
TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years.
As of August 2022, it has over 110 million total user accounts on the blockchain, more than 3.8 billion total transactions, and over $13.2 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO.
Most recently, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry – TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins.
TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum
Contacts
- Feroz Lakhani
- Tron DAO
- press.hackathon@trondao.org
At 06:43 (UTC) on Sept. 15, 2022, Ethereum completed its merge at the block height of 15,537,393 and officially switched to the proof-of-stake consensus mechanism. From then on, Ethereum bid farewell to the seven-year proof-of-work (PoW) mining era.
At the same time, Ethereum had officially hard forked from Ethereum, retaining the PoW consensus. As the network token ETHW of the Ethereum forked chain, it has been actively opened for deposit and trading by various mainstream trading platforms.
At 15:20 on Sept. 15, MEXC opened ETHW deposits, which is the first cryptocurrency trading platform on the entire network to open ETHW deposits. According to the calculation of the ETHW deposit, only 49 blocks are needed to complete the deposit process, which is currently the fastest account deposit speed among trading platforms.
According to CoinGecko data, the real-time price of ETHW is 13.01 Tether (USDT), and the 24-hour trading volume reached $74.05 million. Compared with mainstream trading platforms, the comprehensive indicators of MEXC, FTX and Bybit are among the top three from the perspective of trading volume, depth and price difference. From the trading page of ETHW on MEXC, the absolute value of the price difference between bid buy and ask price is only 0.002, which is the smallest, and the trading volume and depth indicators perform better.
In fact, MEXC is not only the fastest platform to open ETHW deposits within a single day but also the first to announce its support for the Ethereum 2.0 mainnet Merge and the first to list Ethereum’s potential forked chain tokens.
According to MEXC’s announcement, MEXC has been supporting the trading of the “potential forked token ETHW” as early as Aug. 5. Currently, the token can be exchanged for ETHW, the real Ethereum network token. At the same time, the real Ethereum network token ETHW obtained outside the trading platform can also be deposited on MEXC for trading purposes.
It is understood that MEXC is a world-leading user-friendly cryptocurrency trading platform, providing one-stop services for trading spot, leveraged exchange-traded funds (ETFs), perpetual futures, NFT Index, etc. With over 7 million users worldwide, MEXC is also the cryptocurrency trading platform that owns the fastest launch of popular projects on the entire network and the most abundant tradable categories.
Also, according to CoinGecko data, MEXC currently supports more than 1,500 cryptocurrencies for spot trading, more than 120 cryptocurrency futures trading and more than 300 cryptocurrencies for leveraged ETF trading.
Geneva, Switzerland, 19th September, 2022, Chainwire
H.E. Justin Sun, Founder of TRON, spoke about the Seamless Web3 Future at Binance Blockchain Week in Paris. Sun was the key speaker at one of the most anticipated panel discussions with Eowyn Chen, CEO of Trust Wallet, and Jorn Lambert, Chief Digital Officer of Mastercard. The panel discussed important topics such as Web3 and its universal definition, key tools, critical issues, safety concerns, and other pressing matters concerning the industry’s future.
The discussion on Web3 and its technical definition kicked off the conversation. All panelists agreed that Web3 was already here, but mainstream adoption of Web3 is what will lead to the creation of more use cases. While Chen and Lambert expressed interests similar to Sun, Chen expanded upon Sun’s future vision of what Web3 is and what it could become.
Sun expanded on key tools to help create a more seamless Web3 experience, such as digital wallets, revenue and reward tools, and more efficient logistics and supply chain operations. Sun proceeded to discuss the unique utility and tools that stablecoins can provide and how Trust Wallet, MasterCard, and TRON can work together on improving the user experience of payment protocols.
Chen elaborated on the glaring difference between Web2 and Web3 by using Apple Music as an example of how many barriers to transferability and ownership exist in the current marketplace. Lambert followed up by discussing how tooling in Web3 can help current Web2 businesses to scale more efficiently by conducting the right amount of UX research. User optimization is essential and must be done correctly for mass adoption to allow companies to scale.
Mass adoption was a consistent talking point, and the panelists had varying opinions. Sun’s main topics focused on education and creating digestible content for users. Your Web3 experience is similar to your “gaming experience,” this is critical when addressing “ways to help mainstream crypto adoption.”
Chen led her response with this statement and concluded that the best way to educate users is by utilizing social media and a proper UX needs to be established by product designers to make them frictionless. Lambert focused on how security is vital for mass adoption to occur so that users aren’t “looking over their shoulder” as they navigate the Web3 space. Sun later responded with how important it is to be wary of scammers that will come about and addressed the concept of protocols and major institutions to help fight against this by filtering out scammers and verifying real users by implementing Know-Your-Customer policies.
The panel also discussed the aspect of security and safety as an essential part of Web3, maybe even the most significant. Helping create a chain agnostic ecosystem can help bring vibrant projects with fewer barriers of entry for them to succeed, which offers more users that these projects can attract. Another key theme echoed was the importance of regulations.
Making sure governments regulate the crypto space properly can help speed up the growth of blockchain technology. To assure protection in an anonymous digital environment, users can utilize frictionless and easy-to-use payment protocols that won’t allow them to connect their crypto wallets on non-verifiable NFTs or marketplaces. Lambert continued the discussion on security by inspiring developers to find pragmatic solutions.
Sun alluded to UI/UX being important for protocols to adopt to continue with efforts toward creating a more secure ecosystem. Sun also conveyed the importance of adopting other infrastructure platforms like Etherscan to help validate transactions properly. Chen focuses on working with large layer-1 blockchains like Binance to help with creating proper compliance and by using Artificial Intelligence to audit smart contracts properly. She suggested a civil society political theory and believes blockchain ecosystems will similarly become more educated and “civilized” organically, allowing fewer scammers to be successful and much more infrastructure to be feasible.
Lastly, the panel members talked about the current situation with Web3 and what projects are leading the space. Sun brought up the diverse qualities that different types of projects can bring and led with finance-based protocols followed by DAOs, GameFi, NFTs, and educational platforms which have paved the way for the current landscape of Web3. Lambert mentioned that “commerce makes the world go round,” It is imperative to create verification protocols that allow safe and verifiable physical transfers from user to user.
Chen agreed with this concept and added that the industry must establish a specific level of trust for these transactions to occur. Sun agreed with the other panelists and added that institutions must hire the right people who understand the heart of this issue, establish this level of trust for users, and communicate educational content properly.
He finished on how the crypto community is becoming much more mature, and you can see that happening with how crypto users and fans are starting to dress a bit more professionally.
The panelists agree with pushing toward privacy, security, and more robust verification methods that will allow users to feel safe with their money and identity. Sun concluded his panel discussion on the exponential adoption of crypto due to its decentralization and utilization and how Web3 must continue to stay decentralized to reach its full potential.
About TRON DAO
TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of August 2022, it has over 111 million total user accounts on the blockchain, more than 3.8 billion total transactions, and over $13.2 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry – TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins.
TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum
Contacts
- Feroz Lakhani
- press@tron.network
Throughout seven years of operating on the market, Changelly has been well-known as an aggregator of centralized exchanges (CEX). The list of our CEX partners includes OKX, Kucoin, FTX, Huobi and many others. Such a variety of liquidity sources makes it possible for us to find the best offers among centralized exchanges and provide better rates to our users.
As so-called decentralized finance (DeFi) applications boomed in the summer of 2020, the market has pivoted toward a new direction. DeFi makes financial products and services available to everyone who has access to the internet.
Moreover, it helps eliminate third-party involvement in people’s businesses and private lives by creating fully secure and anonymous financial services. Next, DeFi empowers users to truly own their funds and utilize various tools to lend, borrow, stake, earn interest and more.
We are thrilled to announce that we are taking the first step toward introducing DeFi possibilities to our users with Changelly DeFi Swap powered by Yet Another DeFi.
Yet Another DeFi is a decentralized exchange (DEX) aggregator that encompasses all the advantages of DeFi and optimizes transaction costs. The Smart Router by YAD finds the best way for a swap among different liquidity providers and suggests the most beneficial split to proceed with the transaction.
What does this integration mean to our users?
- 1,000+ available tokens
- Best rates via DeFi
- Lower transaction costs compared to industry leaders.
At present, any user can swap various Ethereum-based assets with just a few clicks. However, many more chains will become available in the near future, including BNB Chain, Solana, Fantom, Polygon, Arbitrum, Optimism, Tron and others.
The Changelly team is committed to the goal of becoming the leading CEX and DEX aggregator on the market. We believe our seven-year experience of working with CEXs combined with limitless opportunities of DEXs will make it possible to provide even better rates and lower fees to our users. With the integration of DEXs, we get one step closer to enabling seamless anything-to-anything swaps, regardless of blockchain, wallet connector, etc.
Learn more about Changelly:
Changelly website: https://changelly.com/
Changelly DeFi Swap: https://changelly.com/decentralized-exchange
Changelly Twitter: https://twitter.com/Changelly_team
Excitement for the world’s most global blockchain and crypto conference is at its peak as Blockchain Economy Dubai Summit’s date is approaching. Blockchain economy events are attended by famous TV and film stars, pop stars, ministries as well as industry leaders such as Blockchain.com, MicroStrategy, KuCoin, Crypto.com, Bitmain, Ledger, Kraken, Gate.io, BitMex, OKX and many more since its very first 2019 edition.
The summit’s upcoming fifth edition will be proudly hosted in Dubai, the largest crypto hub in the world. The event is set to be held on Oct. 4 and 5, 2022 in the prestigious Le Meridien Dubai Hotel and Conference Center. According to the announcement that was made on Blockchain Economy’s Twitter account, attendees from more than 63 countries are already headed to Dubai for the event.
Blockchain Economy provides unparalleled networking opportunities to its participants, as it gathers not only crypto companies, but also government officials, institutional investors and industry giants such as Microsoft, Meta, Deloitte, AWS (Amazon Web Services) and many more.
While part of the attendees will have a chance to listen to the mind-blowing panel discussions and keynote sessions about Bitcoin adoption, professional trading techniques, investment strategies, building on Web3, DeFi, the Metaverse, NFTs, usage and implementation of blockchain technology in various industries and many other key topics on the main conference stage, others can visit the participating companies’ booths, experience the various entertainment activities available, explore the NFT art gallery and build new partnerships in extensive networking areas.
The conference’s speakers include:
- Vas Modinos — solution lead at Microsoft
- Sumit Gosh — founder and CEO of Chingari
- Alena Afanaseva — co-founder and CEO of BeInCrypto
- Ivan Liljeqvist, a.k.a. Ivan on Tech — founder of Moralis, entrepreneur and software developer
- Adrian Zduńczyk, a.k.a. Crypto Birb — chartered market technician, founder of The Birb Nest
- Matthew Graham — CEO of Sino Global Capital
- Mohamed Issa — regional manager at Chainalysis
The conference will be hosted by Ramia Farrage, senior producer and presenter from Forbes.
As Uphold’s chief platform officer and award-winning compliance officer with over 18 years of experience, Oonagh Van den Berg said about the event: “Blockchain Economy Events bring crypto conferences to the next level.” This time, Blockchain Economy Dubai Summit participants will have a chance to meet Titan the Robot and experience performances by this combination of man, ingenious animatronics, engineering and advanced electronics. The giant, eight-foot titan robot is the semi-finalist on Britain’s Got Talent 2022, and will come alive to Blockchain Economy Dubai Summit for spectacular shows.
Blockchain Economy Summit’s doors are open to all major players in the fintech industry and new startups, all gathered under one roof to discover how the financial future can be reshaped in sanction-free paradises like Dubai.
“Dubai has great potential in terms of regulating crypto platforms, crypto assets and its usage. This is precisely why we want to attract global players and new startups to Dubai,” said the event’s project manager Servi Aman.
The expected attendance for this edition of Blockchain Economy Summit is 3,000. Further information is available on the summit website. For those interested in sponsoring the event and/or reserving a booth, more information can be found here.
Lawrence Summers, the renowned American economist who served as the 71st United States Secretary of Treasury from 1999 to 2001 under Bill Clinton, as well as the director of the National Economic Council from 2009 to 2010 under Barack Obama, will be offering his insights into the global economy and financial markets during the 13th edition of AIM Summit being held on Nov. 21 and 22, 2022 in Dubai.
AIM Summit is the region’s leading forum for providing insights on investment developments and global market conditions. This year, special emphasis is placed on the current global economy, inflation, stagflation and recession. Summers will provide his views on why the U.S. will likely be headed into a recession within the next two years, then he’ll discuss how globalization, trade and technology will play a pivotal role in the future of the global economy. Summers will also be sharing his views on crypto and blockchain.
As the leading voice in the national debate on inflation, Summers repeatedly called out the potential for inflation in the U.S. in 2001, while the U.S. Federal Reserve and many economists viewed rising prices as transitory.
Commenting on his participation at AIM Summit, Summers stated, “Investors in alternative assets must navigate a challenging macroeconomic environment today and anticipate how it will impact their portfolios tomorrow. At the AIM Summit in Dubai, I will address some of the most pressing questions investors should be asking: Will the Fed’s newfound hawkishness lead to a painful recession, or will they engineer a soft landing? Will we return to the post-2009 era of secular stagnation, or a new paradigm? Will prognostications of China’s economy overtaking America’s prove similar to those of Russia and Japan, which look ridiculous today?”
Raha Moradi, CEO of AIM Summit, stated:
“We are honored as organizers of AIM Summit to be welcoming a well-renowned economist and top U.S. official such as Lawrence Summers. His views on the U.S. and global inflation, recession, and world policies will offer our audience valuable information that will benefit their policies and strategies moving forward. Investors and policy makers alike across the GCC and MENA region are invited to join us as we hear Summers’ predictive insights.”
The AIM Summit gathers and connects global industry leaders with investors in hedge funds, private equity firms, venture capital organizations, digital assets and fintech. This year, the summit will cover topics pertaining to portfolio construction, emerging markets, frontier markets, private credit, hedge funds, the future of digital assets, NFTs, the Metaverse, crypto mining, ESG, impact investing and Web 3.
Registration for the event is open now, while those interested in sponsorship and speaking opportunities can send an email.
About AIM Summit
AIM Summit began over seven years ago with a mission of connecting people, connecting ideas and connecting markets in alternative investments. AIM Summit is the leading alternative investment management summit covering hedge funds, private equity, venture capital, digital assets and private debt, gathering the best minds in the alternative investment industry with the largest allocators.
AIM Summit is a platform for discussions on investment developments, global market conditions and latest trends, and acts as a networking forum for future business opportunities. It is the only conference of its nature and magnitude, and is organized by the industry in an intimate setup to induce real discussions on best practices and know-how.
CropBytes is a farming business game built in a real-world economy, with digital game assets and real markets. Building for over four years and improvising the game over multiple market cycles have resulted in over 650,000 signups with an average of 9,000–12,000 daily active users.
The game is available on iOS, Android and web application with an average rating of 4.3 in app stores. CropBytes hosts one of the oldest crypto gaming communities that’s spread over 16 regional groups, each of which is managed and moderated by players.
Focus on fungibility and sustainable economics
The decision to move away from nonfungible token (NFT)-only assets to fungible assets was made by the team in the last bear market of 2019 and has helped in maintaining liquidity in all game asset markets, thereby benefiting players over the long run. The focus has always been on the sustainability of the game economy. CropBytes is the first contributor to Tegronomics, which is an open-source framework that is being adopted by many crypto games.
CBX is the currency of the CropBytes metaverse, which is a cryptocurrency on the Ethereum blockchain. CBX follows a deflationary supply protocol similar to that of Bitcoin (BTC), and players can mine CBX by conducting daily farming activities.
Asset mining, the most awaited feature release
CropBytes’ assets are highly sought after, limited in supply and backed by the economics of fungibility. This has led to game asset value growing over 100x since they were first released. With the recent launch of asset mining, players are able to generate a new supply of these game assets. With the launch, other items like extracts and utilities in the game produced by farmers have found more use cases.
On average, 1 million assets are traded on the in-game exchange daily, and the numbers are growing with the release of asset mining, as there is now a new use case for related assets.
Fun gameplay and sustainable economics will always be at the heart of CropBytes. The team has lined up some exciting and much-awaited feature releases for 2022.
CBX Mining v2: A new method of CBX mining will be introduced with new logic. With the new method, users will also have a chance to receive a bonus for mining. The changes planned here will result in a higher burn rate for extracts and utilities. Farmers will be able to craft various items using their extracts, which will be used to mine CBX. Power will also have extra utilities for CBX mining.
Tokenization of assets: CropBytes’ assets will soon be launched on the Polygon blockchain. Users will be able to track live mining data in the game, which will also open up doors to the entire gaming community on Polygon.
Gaming jobs in the CropBytes metaverse: CropBytes is spearheading the next evolution in Web3 gaming. By developing a service economy model, CropBytes is making play-to-earn sustainable. The service economy will make CropBytes a free-to-play-and-earn game.
“The concept of a service economy can be applied to all aspects of life, not just video games. The general idea is that those with money will want to pay others to do things for them that they don’t have time for. In CropBytes’ context, this could be something as small as paying someone to grow crops or feed animals. In the world of video games, it’s not uncommon for players who are loaded with in-game cash to outsource some of their playtime to others who might have more time on their hands.”
“Before the end of this year, the first-ever service economy feature in Web3 games will go live in CropBytes.”
Read more about the service economy model here: https://coinmarketcap.com/community/articles/35157
Raising Series A and previous rounds
CropBytes is now raising capital as a part of its Series A round. The funds gathered will be utilized toward improving the game experience and adding more layers to the economy that will make it easier to play and earn sustainably in the game.
In November 2021, CropBytes raised $2.67 million in a pre-sale seed round for its CBX token. It is also backed by crypto industry entrepreneurs, including Sandeep Nailwal, co-founder of Polygon; Siddharth Menon, founder of Tegro; as well as VC firms Draper Dragon, Exnetwork Capital and Master Ventures.
Visit CropBytes’ official website along with the white paper and its Telegram and Twitter channels for more information and regular updates. There’s a lot coming in CropBytes, so make sure to add CBX to your watchlist on CoinMarketCap.
The Monetary Authority of Singapore (MAS) and Elevandi — a nonprofit entity set up by the MAS to connect people and businesses, ideas and insights in the fintech sector in Singapore and globally — announced today the return of the Singapore FinTech Festival (SFF) as an in-person event to be held from Nov. 2 to 4, 2022, with industry events and the annual Innovation Lab Crawl being held on Oct. 31 and Nov. 1.
Organized by MAS and Elevandi in partnership with Constellar — a global player in the meetings, incentives, conventions and exhibitions industry — and in collaboration with The Association of Banks in Singapore, SFF 2022 will be held at the Singapore Expo.
The theme of SFF 2022 is “Building resilient business models amid volatility and change.” With the global economy experiencing a surge in inflation and facing risks of a significant slowdown in growth, many fintech firms are striving to stay resilient and viable.
Key stakeholders comprising government leaders, regulators, financial services leaders, entrepreneurs, investors and technology leaders will take stock of the drivers of change and examine three key questions:
● Viable: How are organizations building and redefining business models that can be more resilient to volatile market conditions?
● Responsible: How are organizations balancing corporate responsibility and profitability in order to achieve greater stakeholder satisfaction and engagement?
● Inclusive: How are organizations designing inclusive business models that cater to the needs of the unbanked and underbanked?
Conference
The conference segment of SFF 2022 will comprise a series of global and knowledge plenary sessions, and an Elevandi insights forum:
● Global Plenary sessions will focus on leaders and organizations addressing the core construct of resilient business models.
● Knowledge Plenary sessions will feature breakout sessions on Web3 and payments; environmental, social and governance (ESG) criteria; banking for businesses; insurance and pensions; international growth markets; and fintech regulation.
● The Elevandi Insights Forum will consist of small, deep-dive roundtables which bring the public and private sector together to address challenges faced by the financial sector and identify actionable outcomes.
Exhibition
SFF 2022 will see the return of a physical exhibition featuring over 500 leading organizations, including fintech firms, financial institutions, technology firms and policymakers, showcasing their latest innovations and developments in the fintech space.
The exhibition will include free-to-access Ecosystem Stages for attendees to get up close with the newest technologies, products and launches from industry players. The Ecosystem Stages will feature product announcements and product showcases from exhibitors, a specially curated ESG Impact Zone, country and sector deep-dives in the World Fintech Festival and finalists’ showcases from the MAS Global Fintech Hackcelerator and Polyfintech100 API Hackathon.
Other Highlights
Debuting at SFF is the Elevandi Global Founders Network, an exclusive global influencer program that identifies exceptional founders on an annual basis who are building sustainable and resilient businesses with a positive impact in the world. The global founders will be chosen through a nomination process, honored at the SFF and will share their 10-minute insights at the Founders’ Peak.
Participants can also look forward to the winners’ showcase at the SFF Global Fintech Awards and curated networking sessions including an investors’ summit powered by Elevandi Connects.
Sopnendu Mohanty, chief fintech officer at MAS and chairman of the board at Elevandi, said: “As the leading global knowledge platform for fintech, SFF 2022 will focus on bringing best-in-class experts to share industry insights to build business models that remain viable and resilient amid the crisis. The format this year has been enhanced to add numerous intimate and interactive sessions, to foster deeper discussion between the public and private sector stakeholders. The return of an in-person SFF will energize all stakeholders in the fintech community to stay strong and purposeful despite the strong headwinds ahead of us.”
Jean-François Quentin, group CEO Constellar, said: “We are delighted to bring the global fintech community together in Singapore, home to world-class events including SFF. The SFF community is a special one that has continued to connect and collaborate on our hybrid event platforms over the past two years. With live events back in full capacity, the return of SFF in-person will enable personalized and immersive event experiences to catalyze new innovations, strengthen networks and build impactful partnerships.”