Technology

Artificial Intelligence Big Data Cloud Computing Cyber Security Data Management Electronics Enterprise & Network Technology Financial Technology Hardware Mobile & Wireless Nanotechnology Semiconductor Software Telecommunications
News Release Digital Asset Direct

HTX Ventures Invests in Monad Labs to Support Parallelized EVMs Ecosystem

HTX Ventures

n alignment with its mission to drive innovation and advancement within the blockchain ecosystem, HTX Ventures has strategically invested in Monad Labs, a pioneering team behind the development of the high-performance Monad blockchain. This investment reaffirms HTX Ventures' commitment to nurturing cutting-edge Web3 solutions and supporting projects that tackle critical challenges facing the industry. The Monad blockchain is a state-of-the-art Layer-1 blockchain platform known for its unique rearchitecture of the Ethereum Virtual Machine (EVM). It aims to address Ethereum's limited throughput problem, ultimately enabling decentralized applications (DApps) to scale for mass adoption. This platform intends to deliver Ethereum's flexibility alongside Solana's performance, boasting over 10,000 transactions per second, 1-second block times, and immediate finality, all while maintaining full backward compatibility with EVM and key Ethereum infrastructure. The tech startup Monad Labs, founded by the former team from traditional finance giant Jump Trading, recently raised $225 million in Series A Funding with a valuation of $3 billion to build the scalable smart contract distributed ledger. "Monad is driven by a great team with a strong understanding of market mechanisms and connectivity," remarked Edward, Managing Partner at HTX Ventures. "Their go-to-market strategies and tactics are similar to Solana, demonstrating a savvy approach to blockchain innovation. Our investment underscores our commitment to supporting smart teams like Monad Labs, who are driving big changes in the Web3 ecosystem." “We are thrilled to partner with HTX Ventures,” said Keone Hon, Co-founder and CEO of Monad Labs. “Their track record of supporting the growth of decentralized technologies, and their strong relationships across the space, make them an ideal partner for our team. We can definitely learn a lot from collaboration.” The Monad blockchain will launch a testnet in the coming months, with the mainnet deployment planned for later this year. The blockchain will employ the proof-of-stake consensus mechanism and will be Ethereum Virtual Machine (EVM) -compatible. As such, projects on Monad will be able to interact with the EVM software platform, where developers from many other blockchain projects also create interoperable decentralized applications on the Ethereum network. About Monad Labs Monad Labs is an early-stage, venture-backed tech startup founded in 2022. Two of the three co-founders of Monad Labs have roots in Jump Trading, where they worked together for seven years building low-latency high-frequency-trading (HFT) systems, and later contributing to R&D at Jump Crypto in 2021. This was the genesis of Monad — synthesizing learnings from HFT, as well as some new ideas, to build the most performant and robust smart-contract blockchain possible. Monad applies expertise in low-latency programming, compiler optimization, systems engineering, cryptography, and graph theory to substantially advance the performance and scalability of decentralized computation. About HTX Ventures HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures currently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including Dragonfly, Bankless Ventures, Animoca, Shima, and IVC. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/en-us/ventures About HTX Ventures HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures presently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most vigorous Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including IVC, Shima, and Animoca. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/en-us/ventures

April 10, 2024 09:44 PM Eastern Daylight Time

Image

Team Internet Group begin trading on the OTQX with ticker TIGXF

Team Internet Group PLC

Team Internet Group CEO Michael Riedl joined Proactive at their OTC studio in New York City to mark the company's debut trading on the OTCQX under the ticker symbol "TIGXF." Riedl discussed the significant transformation the company has undergone since its IPO on the London Stock Exchange a decade ago, leading to a rebranding to better reflect its current operations. Describing the company's focus as entirely on the internet, Riedl explained that Team Internet operates various businesses that synergize like a team. It specializes in two main segments: online marketing and online presence. In online marketing, Team Internet creates AI-generated consumer journeys that convert general interest media users into confident consumers. For online presence, it supplies hosting providers globally with the domain names necessary for their customers. Riedl emphasized the exponential growth of social media usage, highlighting Facebook's user base doubling from 1.5 billion in 2018 to 3 billion in 2023, indicating the increasing importance of social media in advertising. He noted that the company experienced balanced growth in both operating segments in 2023 and is integrating a new acquisition, Shinez, to enhance its processes. Under Riedl's leadership, Team Internet has completed nearly 20 acquisitions, contributing to a 25% compound annual growth rate over the past five years. Riedl attributed this success to the rise of social media and data privacy trends, as well as a shift towards local top-level domains over.com due to saturation. The U.S. remains a crucial market for Team Internet, generating 53% of its revenue, with further expansion anticipated following the Shinez acquisition. Riedl's visit to New York underscores the importance of the American market to the company's ongoing growth and development strategies. Contact Details Proactive North America Proactive North America +1 347-449-0879 action@proactiveinvestors.com

April 10, 2024 03:19 PM Eastern Daylight Time

Video

Wishpond announces launch of innovative new product SalesCloser AI

Wishpond Technologies Ltd.

Wishpond Technologies CEO Ali Tajskandar joined Steve Darling from Proactive to unveil the company's latest innovation: SalesCloser, a next-generation AI-powered virtual sales agent. This cutting-edge platform marks a significant advancement in personalized, round-the-clock sales calls and product demonstrations for businesses, all without the need for human intervention. According to Tajskandar, SalesCloser represents a new era of sales engagement, capable of working 24×7 to engage leads, close deals, and deliver insights in ten different languages. This versatility allows the platform to cater to a wide range of industries, including software/SaaS, professional services, financial services, education, travel & hospitality, insurance, and more. The innovative AI-based platform functions as a "Virtual AI Representative," engaging in conversations and delivering presentations in real-time through various meeting applications. Upon receiving a relevant knowledge base from the customer, Wishpond custom-trains the AI to conduct sales presentations tailored to the specific business, managing the entire sales process from discovery to close autonomously. Moreover, SalesCloser is adaptable to various customer applications, serving as AI products designed to function as sales development representatives, product trainers, customer support agents, product onboarding specialists, or customer success representatives. This flexibility underscores the platform's potential to revolutionize sales and customer engagement across diverse industries, offering tailored solutions to meet the evolving needs of businesses worldwide. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

April 10, 2024 02:50 PM Eastern Daylight Time

Video

Combating Wire Fraud: Trust Stamp's New Solution for financial institutions

T Stamp Inc

Trust Stamp President Andrew Gowasack joined Steve Darling from Proactive to revealed a fast-tracked implementation of a solution tailored for financial institutions and other enterprises currently utilizing voice recognition technologies or accepting voice instructions via telephone calls. Gowasack the development of this solution was significantly influenced by feedback from the financial sector, especially highlighted by the ICBA ThinkTECH Accelerator program. Trust Stamp engaged with dozens of banks across the United States, identifying wire fraud as a prevalent challenge. The company's response, a seamlessly integrated solution, showcases its commitment to leveraging technology in the fight against fraud. The threat landscape has evolved with the advent of AI, making traditional security measures inadequate. Gowasack shared insights into how AI and deep fake technologies have been used to circumvent existing security protocols, emphasizing the importance of innovative solutions in this new era of digital security. Trust Stamp's approach, focusing on ease of use and effectiveness, involves a simple authentication process that enhances security without detracting from the customer experience. This balance is crucial as financial institutions navigate the twin challenges of combating fraud and maintaining customer satisfaction. With three banks in the final stages of internal approval for Trust Stamp's solution, the company is poised to play a pivotal role in transforming financial security. This initiative reflects a broader industry recognition of the need for advanced solutions to address the sophisticated threats facing financial institutions today. Contact Details Proactive USA +1 347-449-0879 na-editorial@proactiveinvestors.com

April 10, 2024 02:47 PM Eastern Daylight Time

Video

LightPath Technologies announces commercialization for BlackDiamond-NRL Based New Infrared Glass

LightPath Technologies Inc

LightPath Technologies CEO Sam Rubin joined Steve Darling from Proactive to announce the commercial release of the company's newest BlackDiamond-NRL infrared glass, BDNL-4. This material represents a significant advancement and is a crucial component of the chalcogenide glass series licensed from the US Naval Research Laboratories (NRL), serving as a substitute for Germanium. Rubin explained to Proactive that BDNL-4 possesses a negative thermo-optic coefficient, a critical characteristic for creating athermalized systems. This feature enables the design of devices that remain unaffected by temperature changes. Furthermore, BDNL-4 is a genuine multi-spectral material suitable for use across short-wave infrared (SWIR), mid-wave infrared (MWIR), and long-wave infrared (LWIR) imaging bands. LightPath offers antireflective and protective DLC coatings for all its Chalcogenide materials, including BDNL-4. After years of development at NRL, BDNL-4 is exclusively licensed to LightPath. The company anticipates that BDNL-4 could become a pivotal material for thermal cameras used in drones and other systems requiring operation across a wide range of temperatures. This launch is particularly significant in light of export restrictions imposed on Germanium and Gallium by China, underscoring the strategic importance of BDNL-4 as a viable alternative. Contact Details Proactive North America Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

April 10, 2024 09:32 AM Pacific Daylight Time

Video

Ripple to Issue USD-Backed Stablecoin, NEAR Protocol and KangaMoon Continue Stunning Growth

Kangamoon

Ripple announces stablecoin market entry and the price of XRP can reach $1.30 by Q4, 2024 NEAR Protocol rises 266.5% and can rise to $10.48 by the end of 2024 KangaMoon raises over $4.4 million and can spike 100x following its complete launch Ripple (XRP) has seen an increased level of interest as the company Ripple, a leading provider for blockchain-based and crypto solutions for enterprises, has announced plans for the launch of a stablecoin backed by the U.S. dollar, marking its entry into a $154.7 billion stablecoin market. Alongside it, NEAR Protocol (NEAR) has exploded in value 266.5% year-to-date (YTD) and could soon reach new heights. However, the most gains were made by KangaMoon ( KANG ) which is up 290%, and at this rate could surge further up. To see which is the top crypto to buy, we will go over their on-chart metrics. Ripple (XRP) to Grow to $1.30 Following Latest Stablecoin Market Entry Announcement Ripple (XRP) has experienced an upwards trend as its year-to-date (YTD) climb has been by 20.4%. However, it is yet to achieve significant gains, and these will come during 2024 following the latest announcement that the Ripple company will be entering the $154.7 billion stablecoin market. According to the official blog post, this will be a stablecoin which will be 100% backed by USD deposits, alongside short-term US government treasuries and even other cash equivalents. The stablecoin will be available on the XRP Ledger. However, they will also make it a part of the Ethereum blockchain, however, there are plans to expand to additional blockchains and decentralized finance (DeFi) protocols. The Ripple price has moved between $0.56 to $0.61 during the past week, and at this rate could reach new heights. However, the Ripple crypto will first need to gain additional investor and whale attention in order to spike in value. Based on the Ripple price prediction however, it can end 2024 at $1.30. NEAR Protocol (NEAR) Grows 266.5% YTD – Price to Reach $10.48 NEAR Protocol (NEAR) has experienced much further gains as its year-to-date (YTD) climb was by 266.5% in the past year. Moreover, during the past month, the NEAR Protocol price has gone up 19.1%, and in the past week it moved up by 10%. During this time-frame, the NEAR Protocol crypto went up from $6.16 to $7.53, and could soon break even above the $8 price barrier. If it does so, it is set to reach new heights as according to the NEAR Protocol price prediction, it can spike to $10.48 by Q4, 2024. KangaMoon (KANG) to Grow 100x Following Its Launch KangaMoon (KANG) is an upcoming project that will introduce Social-Fi elements and a community-driven approach, alongside Play-to-Earn (P2E) features. With its current rate of growth, it managed to spike 280%, as it moved from $0.005 to $0.0196. In addition, its raised $4,463,830.183 and could soon break above $5 million raised. On top of this platform, anyone can earn KANG tokens or NFTs by engaging with their KangaMoon characters. They can battle other players, complete tournaments, or even spectate and place bets on fights. Another major part of its ecosystem is the marketplace in which anyone can buy, sell or trade NFTs. Analysts are now bullish on the future of KangaMoon and project a 100x price increase following its full launch, as it is now at Stage 5 of its blockchain ICO. These aspects position it as the best crypto to invest in now. Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today! Website: https://KangaMoon.com/ Join Our Telegram Community: https://t.me/KangaMoonofficial Integrating GameFi and Play To EarnEmbark on your quest for glory. Assemble your champions, engage in epic battles or bet on your favorite fighters to earn $KANG tokens and exclusive rewards. Gain control of rare NFTs, unlock exclusive content and build alliances with fellow gamers as you ascend the ranks and leaderboards. Contact Details Kangamoon marketing@kangamoon.com Company Website https://kangamoon.com/

April 10, 2024 08:08 AM Central Daylight Time

Image

Bodegas Are The New Frontier For Underbanked Communities – OLB Group Leading The Charge

Benzinga

By Faith Ashmore, Benzinga Millions of Americans are living on the periphery of society. More than 1 in 10 Americans have no checking or savings account or, in other words, are unbanked. In 2023, 13% of Americans were defined as underbanked, meaning that they had some type of bank account but regularly used alternative financial services. Unsurprisingly, this phenomenon is affecting young people disproportionately with over half of the underbanked being millennials. For a generation that is constantly in the headlines for not being able to afford houses, struggling in the job market and generally fighting to make ends meet, this is a huge area of concern and an opportunity for some companies. Being unbanked or underbanked presents major challenges for individuals, as it limits their ability to securely store and manage their money, access credit and receive payments efficiently. Without a bank account, individuals often have to rely on alternative financial services with high fees and interest rates, making it difficult to save or invest in their future. Unbanked or underbanked individuals subsequently turn to their communities for support in lieu of traditional banking institutions. Bodegas and neighborhood convenience stores have historically been on the frontlines of these struggles because of their access to these communities and the ability of small businesses to provide alternative support. Serving Unbanked Communities OLB Group (NASDAQ: OLB) is leveraging local communities and bodegas to extend support to unbanked and underserved communities. With a digital commerce platform known as Point of Banking (POB), the company is catering to the needs of over 10,200 merchants across the country. The POB platform is gaining recognition as a potential disruptor in the fintech sector by specializing in serving the unique requirements of the underbanked population. At the heart of POB's mission is the commitment to transforming financial services for bodegas and other small-scale businesses, particularly benefiting the unbanked and underbanked communities. By offering a comprehensive array of products and services, POB aims to bridge the gap between traditional cash-only operations and the digital financial landscape, empowering local businesses to provide diverse financial services to their customers. The company already has in place a working relationship with approximately 2,000 bodegas throughout the country and that network continues to expand. With these bodegas, POB facilitates the issuance of physical and digital prepaid cards and enables cash-loading services, online product purchases, bill payments and EBT services. The company is currently working on future initiatives like cash withdrawal, money transfer services and even micro-loans. This strategic focus on local partnerships and innovative financial solutions underscores the company’s dedication to fostering financial inclusion and accessibility for underserved populations while increasing company revenues and profitability. The company has also acquired other companies to help advance its mission. In June 2023, OLB acquired a controlling interest in black011.com, which encompasses Black Wireless and Mango Mobile. This strategic acquisition enabled the company to offer a Point of Sales (POS) system to customers so they can purchase products and seamlessly reload mobile phone minutes without needing a bank account or credit card. By expanding services to more underbanked communities and small businesses, the company can address a critical market need and contribute to financial inclusion. OLB is also working on integrating new technologies like blockchain and AI in order to democratize banking for millions more Americans. OLB’s collaboration with bodegas around the country could provide opportunities that have been previously out of reach for many and, concurrently, provide a huge new market for additional sources of revenue for OLB Group. Featured photo by Robinson Greig on Unsplash Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

April 10, 2024 08:20 AM Eastern Daylight Time

Image

Polkadot's and Chainlink's liquidation increases as backers eye Raboo (RABT) as their next move

Total Media

As Polkadot's and Chainlink's liquidation surges, investors are turning their attention to the promising prospects of Raboo (RABT). With a level 2 token presale price of just $0.0036 and projected to surge 100x in 2024, Raboo presents an enticing opportunity. Moreover, its impact on the $62 billion meme market further adds to its appeal. Join us as we explore the potential of this new crypto and its implications for the ever-evolving digital asset landscape. Unveiling Polkadot (DOT): Empowering Interoperable Blockchain Solutions Polkadot (DOT) offers a robust set of features that position it as a leading player in the blockchain space. Its innovative design facilitates interoperability between different blockchains, allowing for seamless communication and data transfer. Polkadot's unique consensus mechanism, known as Nominated Proof-of-Stake (NPoS), ensures a secure and efficient network while enabling token holders to participate in governance decisions. Moreover, Polkadot's scalable architecture accommodates the needs of both developers and users, fostering a vibrant ecosystem of decentralized applications (dApps). With its focus on scalability, interoperability, and governance, Polkadot empowers users to build and connect decentralized systems, making it a cornerstone of the next generation of blockchain technology. Fortifying Trust: Chainlink's Security Features Unveiled Chainlink (LINK) is renowned for its robust security features, ensuring the integrity and reliability of its decentralized oracle network. With its decentralized architecture, Chainlink eliminates single points of failure, mitigating the risk of data manipulation or tampering. Additionally, LINK employs a unique consensus mechanism known as a "Schelling point," which relies on multiple independent nodes to verify and validate data, enhancing trust and accuracy. Furthermore, Chainlink's reputation system incentivizes node operators to provide accurate data feeds by rewarding good behavior and penalizing bad actors. Through these measures, Chainlink maintains a highly secure and resilient oracle network, safeguarding the integrity of smart contracts and enabling secure data transmission across various blockchain platforms. Raboo (RABT): Unleashing Memetic Prosperity Investors are flocking to Raboo (RABT) for its innovative approach to meme culture and promising investment opportunities. With Raboo's Post-to-Earn platform, meme enthusiasts can monetize their social media content, tapping into a lucrative market previously untapped. Analysts predict a staggering 233% growth during presale and a potential 100x increase on launch day, highlighting the immense growth potential of Raboo. Moreover, its unique tokenomics framework offers an exhilarating adventure through meme culture, i ncentivizing users with fun-filled activities and rewarding engagements. Raboo boasts a fully audited contract on the Ethereum blockchain, ensuring reliability and security. This meticulous auditing process provides users with confidence in the platform's integrity and minimizes the risk of vulnerabilities or exploits. With a transparent and secure foundation, Raboo aims to build trust and establish itself as a reputable player in the cryptocurrency ecosystem. With the combination of meme culture integration and lucrative investment prospects, Raboo emerges as a top choice for investors seeking both entertainment and significant returns in cryptos. Conclusion As Polkadot's and Chainlink's liquidation increases, investors are turning to Raboo (RABT) as their next move. Positioned as a promising new crypto, Raboo offers innovative features and enticing opportunities, attracting backers seeking to capitalize on the liquidation trend and explore new investment horizons in the crypto market. You can participate in the Client's presale here. Contact Details Total Media Solutions media@Totalsolutionspr.io

April 09, 2024 06:34 PM Eastern Daylight Time

Image

ARway.ai announces multiple new deals as company sees 200% developer growth

ARway.ai

ARway.ai Chief Executive Officer Evan Gappelberg joined Steve Darling from Proactive to unveil two new Software as a Service (SaaS) developer deals with prominent companies in Saudi Arabia and Spain. These agreements underscore ARway.ai's dedication to advancing spatial computing across diverse sectors and applications, solidifying its status as a frontrunner in augmented reality (AR) technology integration. Gappelberg highlighted to Proactive that ARway.ai has surpassed 3,700 subscribers, achieving a remarkable 200% quarter-over-quarter growth in developer deals with a total of 58 secured agreements. Additionally, the company experienced a 100% increase quarter-over-quarter in partner deals, with a total of 7 collaborations established. Furthermore, ARway.ai announced a successful start to its new student plan subscriptions, securing partnerships with universities globally, including University College Cork in the UK and the German University of Technology in Oman. This positive development follows the recent news in March, which saw several student plan subscriptions from institutions such as Bicol University, DHA Suffa University, and the University of Alberta. These collaborations signify a surge in the adoption and acknowledgment of ARway's platform within educational and research contexts, reflecting a growing interest from educators, students, and researchers in the potential of extended reality (XR)/AR technologies. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com

April 09, 2024 11:37 AM Pacific Daylight Time

Video

1 ... 80 81 82 83 84 ... 648