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News Release

Shiba Inu (SHIB) & Litecoin (LTC) Slide, Borroe.Finance ($ROE) Grabs Investor Spotlight

Blockchain Digest

Shiba Inu ($SHIB) has fallen in contrast to the popularity of its Shibarium upgrade. Likewise, Litecoin ($LTC) is in the red zone after the SEC's disappointing announcement. Meanwhile, token holders seem bullish on Borroe.Finance ($ROE ), after it realized a 25% increase. Borroe.Finance is a short-term capital generation platform. Its services are unique. But are they unique enough to make $ROE a good crypto to buy now? >>BUY $ROE TOKENS NOW<< SHIB Price Prediction: Shibarium Transactions Surpass 2.75 Million Shiba Inu's ($SHIB) Shibarium network has seen its transaction count rise to 2.9 million since its August 16 launch. This milestone represents an important advancement for Shiba Inu ($SHIB), given its massive potential for network activity improvement. Shiba Inu's ($SHIB) price has been affected positively by Shibarium's growing popularity. Some analysts expect a market rise soon due to anticipation of Bitcoin Spot ETF approvals in October. In such a scenario, Shiba Inu ($SHIB) could rise further, given the growing adoption of Shibarium. The token could increase to $0.000008110 when the market enters the next bull run. Litecoin ($LTC) Slides Following Negative Bitcoin News On August 31, 2023, The Securities and Exchange Commission (SEC) delayed its decision on Spot BTC ETF applications. The announcement disappointed many investors who were anticipating the first-ever Spot Bitcoin ETFs. As a result, many top altcoins, such as Litecoin ($LTC) and Bitcoin Cash, dropped sharply. Before the news went viral, Litecoin ($LTC) was trading at $68.89 on August 29. Yet, it fell to $64.93 by September 20 - a day after the SEC's announcement. Notably, Litecoin's ($LTC) drop came after the halving of its block rewards. On August 2, Litecoin ($LTC) halved block rewards from 12.5 $LTC to 6.25 $LTC. Analysts say Litecoin ($LTC) could fall further if the SEC doesn't give positive news on Bitcoin Spot ETFs in October. Litecoin ($LTC) could drop further, falling to $58.99 if the SEC disappoints investors again. Borroe.Finance ($ROE): Bringing Interest To Decentralized Invoice Financing Invoice financing is not a new concept. For a long time, companies have been able to take loans using their future and outstanding invoices as collateral. Yet, the traditional invoice financing industry has fallen short of meeting the needs of firms in the Web 3.0 industry. Borroe.Finance ($ROE) is a decentralized solution that offers the best invoice financing, lower costs, and instant approvals. The platform uses AI technology to assess credit worthiness before giving out loans. Furthermore, Borroe.Finance uses fractionalized NFTs to smoothen the process of allocating collateral. Borroe.Finance also allows companies to customize funding requests to reflect the needs of their organizations. This means that users can add special discounts to make their funding requests more attractive. Furthermore, they can add a social media Share2Earn program, further boosting their requests' desirability. Borroe.Finance is also an opportunity to invest in businesses with low-risk and high-reward potential. $ROE is in Stage 1 of its presale, yet excitement is rising following its 25% increase from its beta Stage. It is trading at $0.0125. Yet all eyes are on the end of its presale when Borroe.Finance ($ROE) will rise to $0.040. When $ROE reaches $0.040, it will have realized a 300% increase from its initial price. A 300% increase will make Borroe.Finance ($ROE) one of the best DeFi coins. Learn more about Borroe.Finance ($ROE) here: Visit Borroe.Finance ($ROE) Presale | Join The Telegram Group | Follow Borroe on Twitter Contact Details Borroe.Finance press@borroe.finance

September 20, 2023 01:18 PM Eastern Daylight Time

News Release

Solana ($SOL) Partners with Visa, Borroe.Finance ($ROE) Takes Over the Market

Blockchain Digest

Visa has just announced its partnership with Solana ($SOL). As expected, there is jubilation in the altcoin community as speculators hope for a massive boost in its adoption. However, experts agree that any major boosts will face staunch competition from Borroe.Finance ($ROE ). Its rising popularity makes Borroe.Finance ($ROE) one of the best new ICOs. But can it challenge $SOL in 2023? Let's see what the consensus is. >>BUY $ROE TOKENS NOW<< Solana ($SOL) To Collaborate on Visa's Stablecoin Settlements Visa has announced plans to increase its cross-border money movement. As part of its plans, it would incorporate Solana ($SOL) for its USDC stablecoin settlements. Visa also announced that two new merchants would pilot USDC Settlement payments on Solana ($SOL). The news had a positive effect on Solana’s ($SOL) price. It was trading at $19.33 on September 1 following the market downturn. Solana ($SOL) rose by 4.8% to $20.27 on September 5 after announcing its collaboration with Visa. The news of the partnership changed Solana's ($SOL) bearish course, which the market downturn had inspired. In addition, analysts agree that Solana’s ($SOL) partnership is set to boost adoption because Visa is one of the global payment giants. Solana ($SOL) is expected to increase by 9.3% to $21.37 due to excitement around its Visa partnership. Borroe.Finance ($ROE): Upgrading Access to Revenue Financing Markets Borroe.Finance ($ROE) is a community fundraising marketplace. It uses the latest technology trends to ensure an easy P2P community for raising working capital. The platform leverages cryptocurrency, blockchain technology, fractionalized NFTs, and Artificial Intelligence. $ROE’s marketplace helps users raise funds to run day-to-day business activities via revenue financing models. >>BUY $ROE TOKENS NOW<< Typical funding rates for invoices on Borroe.Finance's ($ROE) marketplace is 80-90%. Users on Borroe.Finance ($ROE) enjoy instant funding and payouts. The platform also gives access to several fiat and over 100 crypto payment options. Borroe.Finance ($ROE) helps investors profit by providing needed funding for Web 3.0 companies. The benefits of holding the $ROE token include discounts on fundraising offers and marketplace fees. Users also get marketplace buy, sell, and repayment rewards. Furthermore, token holders are rewarded when they vote on proposals. Borroe.Finance ($ROE) ensures maximum security for its crowdfunding marketplace. Like many top DeFi projects, its recently completed audit has been published on its website. Likewise, smart contracts can also be verified on the platform's website. Lastly, it leverages Polygon’s blockchain technology to improve user safety. Borroe.Finance's ($ROE) popularity is surprising for a project still in Stage 1 of its presale. Following its 25% increase as it exited its Beta Stage, many investors have rushed to accumulate $ROE tokens. Borroe.Finance ($ROE) will reach $0.040 by the end of its presale, growing by 300% from its initial price. The 300% growth will make $ROE one of the best crypto to buy now. Learn more about Borroe.Finance ($ROE) here: Visit Borroe.Finance Presale | Join The Telegram Group | Follow Borroe on Twitter Contact Details Borroe.Finance noreply@borroe.finance

September 20, 2023 01:01 PM Eastern Daylight Time

Quantum Blockchain Technologies CEO upbeat on prospects for bitcoin mining "boosters"

Quantum Blockchain Technologies PLC

Quantum Blockchain Technologies PLC (AIM:QBT) chairman and CEO Francesco Gardin speaks to Thomas Warner from Proactive about ongoing discussions between the software and ASIC chip developer and a number of the largest North American cryptocurrency miners. The miners have been providing Quantum Blockchain with a number of the most commonly used mining rigs available in the market for the company to study and implement the porting of its Method A and Method B chip enhancements. Gardin explains the ideas behind the Method A and Method B enhancements, likening them to "boosters" for the crypto mining process. He says Method A seamlessly integrates with Intel-based mining rigs, thanks to their cooperation, while Method B has required intricate reverse engineering. Gardin says that his current focus is on business development, liaising with major miners in North America, and fine-tuning product engineering. He expects that the next major milestone for the company will be to implement Method B in partnership with a functioning mining rig. Quantum Blockchain Technologies remains dedicated to guarding their intellectual property, ensuring their innovation remains a closely-held secret akin to Coca Cola's recipe. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

September 20, 2023 09:22 AM Eastern Daylight Time

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FreightTech 100 Dominated by Venture 53 Portfolio Companies

Venture 53

Six companies backed by Venture 53 are honored in the FreightTech 100 list for 2024, dominating the early-stage recipients. The annual list announced this week spotlights the most innovative companies in the freight technology sector and includes the following Venture 53 portfolio companies: Better Trucks Emerge Fillogic Frayt Highway MyCarrier Venture 53 is an early stage, pure-play supply chain and logistics focused venture capital firm with 3 active funds. “Recognition on the FreightTech 100 is affirmation that our portfolio companies are changing the future of transportation and logistics,” said Venture 53 co-founder and industry veteran, Pat Martin. “We invest in growth companies using a proprietary formula to identify the most promising disrupters across 5 industry segments. Only integrated technology will shore up the age-old issues of supply chain efficiency”. The announcement marks returning honors for Emerge, Fillogic and MyCarrier and welcomes Better Trucks, Frayt and Highway to the list, recognizing the companies for their recent innovations. The FreightTech 100 list is produced by a panel of journalists, analysts and experts chosen by FreightWaves based on information from nearly 900 nominations. This announcement sets the stage for the FreightTech 25, which will be revealed in November at the F3: Future of Freight Festival in Chattanooga, Tennessee. ‘We look forward to seeing our portfolio companies advance in realizing our mission to find and fund those companies that can help drive American productivity through transforming supply chains and it takes collaboration with insiders, outsiders, legends and visionaries to do so. We’d like to think we have all four to help these six make a real difference for our future,” said Dan White, co-founder and the CPG side of Venture 53. About Venture 53 Venture 53 is a pure-play early-stage investment firm focused on solely on solving the problems plaguing supply chain and logistics. The firm invests across 5 supply chain verticals and works with those investments to accelerate 3 business areas sales, marketing and technology. Venture 53 is based in Richmond, VA and Atlanta, GA. Contact Details Venture 53 Amy Mack amymack@venture53.com Company Website https://www.venture53.com/

September 20, 2023 09:01 AM Eastern Daylight Time

HUMAN Security and Locality Partner to Help Local CTV Advertisers Reach Quality Consumers

Locality

HUMAN Security, Inc. — the global cybersecurity leader in protecting enterprises by disrupting bot attacks, digital fraud and abuse with modern defense, today announced a new strategic partnership with Locality, the industry’s preeminent local television solutions provider. The partnership leverages HUMAN’s Ad Fraud Defense solution, MediaGuard, and Locality’s direct access to premium ad inventory to allow brands to unlock superior value through their streaming advertising efforts by ensuring ads are reaching and connecting with their target consumers. HUMAN observes over 85% of global programmatic impressions, providing unmatched scale for accurate decisioning with deep technical analysis verifying ads seen by real humans. HUMAN uses superior detection techniques to mitigate ad fraud and protect its clients’ digital advertising solutions with unmatched scale, speed, and precision. The result for brands and publishers is maximized ROI and increased trust throughout the digital advertising supply chain. "Locality is respected for offering brands access to premium local ad inventory for both broadcast and streaming, so we always seek the best possible protections for both content owners and marketers,” said Keith Kazerman, President of Streaming at Locality. “We are excited to work with HUMAN to safeguard our customers from anything that would negatively impact advertisers or our content partners.” "Our collaboration with Locality is focused on protecting its customers from cybercriminals who seek to defraud the digital advertising ecosystem,” said Jay Benach, GM of Media at HUMAN Security. “HUMAN’s MediaGuard is designed to identify fraud with unmatched speed, scale and precision while making advertising fraud unprofitable for these threat actors.” Locality’s goal is to unlock the full power of local TV advertising for brands seeking authentic connections with viewers, at scale. The company brings together the best players, tech and premium inventory in broadcast and streaming to help brand advertisers navigate both under one roof. Locality’s partnership with HUMAN enables the company to protect brand advertisers from CTV fraud while helping them grow by offering targeted, efficient, and attributable results. To learn more about MediaGuard and how it protects digital investments, visit here. About Locality Locality is the industry’s preeminent local television solutions provider, committed to addressing the evolving needs of advertisers by unlocking the power of local and driving dollars to the local video marketplace. Formed through the union of CoxReps and Gamut, Locality brings together the best talent in both broadcast and streaming. With more than 11 locations in the US, Locality helps brands tap into the mindset of the local consumer and precisely reach optimal markets, nationally. Having served more than 1,500 ad agencies and 4,500 advertisers, to date, Locality offers the best premium inventory that the industry has to offer to help brands optimize their spend and target audiences at scale. For more information, please visit www.locality.com About HUMAN HUMAN is a cybersecurity company that protects organizations by disrupting bot attacks, digital fraud and abuse. We leverage modern defense to disrupt the economics of cybercrime by increasing the cost to cybercriminals while simultaneously reducing the cost of collective defense. Today we verify the humanity of more than 20 trillion digital interactions per week across advertising, marketing, e-commerce, government, education and enterprise security, putting us in a position to win against cybercriminals. Protect your digital business with HUMAN. To Know Who’s Real, visit www.humansecurity.com.. Contact Details Kite Hill PR for Locality Kerriann Becker +1 631-235-7796 kerriann@kitehillpr.com HUMAN Security Masha Krylova masha.krylova@humansecurity.com

September 20, 2023 08:05 AM Eastern Daylight Time

Get SAT’s new In-Flight Connectivity ESA Terminal was chosen by Safran Passenger Innovations, as part of the RAVE AeroConnect Ku IFC solution

Get SAT

20 September 2023 - Get SAT, an innovator in compact satellite communication terminals for ground, airborne, and maritime applications, today announced that it has been chosen by Safran Passenger Innovations (SPI) to supply an innovative Ku-band terminal as part of SPI’s “RAVE AeroConnect” inflight connectivity (IFC) products. RAVE AeroConnect Ku is a new flexible satellite connectivity solution, which will be provided to airlines as linefit and retrofit options on all major aircraft platforms. The antenna will add Ku-band capability in addition to SPI’s existing Ka-band offering. With RAVE AeroConnect, airlines will be able to choose between various satellite services and multiple constellations. Notably RAVE AeroConnect will be available on Airbus aircraft as SFE* line-fit and retrofit catalogue option as part of Airbus’ Airspace HBC plus (targeted offer ability for 2024 and EIS in 2026) and enable airlines to connect to a choice of service providers. RAVE AeroConnect Ku is part of a complete IFC solution with a radome, adapter plate and various modem options. Get SAT Aero LESA represents state-of-the-art, low profile ESA (Electronically Steered Antenna) technology operating in the Ku-frequency band. It allows simultaneous connection with both Geostationary Orbit (GEO) and Low Earth Orbit (LEO) satellite constellations, to enable simultaneous multi-beam multi-orbit operation. This small, versatile terminal will provide airline passengers with unparalleled connectivity experience through true global coverage by its multi-orbit performance and higher bit rates with its multi-beam simultaneous links. Built specifically for airborne operations, RAVE AeroConnect Ku solution, which includes Get SAT Aero LESA, supports both in-flight connectivity and entertainment. The new RAVE AeroConnect Ku terminal from SPI, that was selected by Airbus for its HBCplus solution, leads to significant reductions in operating costs and boosts the user experience. This enhanced connectivity solution will ensure faster, more reliable passenger connectivity with greater flexibility. Passengers can look forward to a remarkable, seamless in-flight connectivity experience. Offering high-speed connectivity, the terminal delivers enhanced data rates, reduced drag and latency, and increased performance, thus boosting productivity, reliability and decreasing operational costs. This innovative solution, which allows data exchange as a unified aircraft system, is ideally tailored to support future capacity growth and digital services demand. It empowers airlines to offer passengers an exceptional connectivity experience. Get SAT CEO, Benjamin, said: "SPI has recognized our expertise in navigating complex SATCOM challenges, highlighting our contribution to evolving airborne communication solutions. Together with SPI and Airbus, we're gearing up to amplify the RAVE AeroConnect IFC offering using our innovative communication terminals, which are specifically designed to cater to airline demands. It's a matter of pride for us to be a part of such transformative steps in commercial aviation." Matt Smith, CEO of SPI said: “Safran Passenger Innovations is delighted to select Get SAT as the Ku-band ESA provider for our various airline and OEM programs. We are excited to disrupt the industry by providing agnostic and open terminals supporting the Airbus vision, giving airlines the freedom of choice for their future connectivity services. Get SAT has demonstrated their ability to meet the needs of demanding government customers and we are excited to bring this technology to the commercial airline market.” About Get SAT Get SAT is at the forefront in supplying Micronized Satellite Terminals, which come in a compact form and are suitable for ground, air, and maritime applications. The company's groundbreaking antenna technology delivers the highest level of efficiency in the most compact size. The LESA antenna technology is a leap forward in capability and form factor, enabling Get SAT to provide truly portable, integrated, full-duplex, wide-band satellite communications. Get SAT terminals operate in multi- orbit satellite constellations, in GEO, MEO and LEO. For more information visit www.getsat.com Press Contacts Get SAT Ayala Pinhasi +972-76-5300-700 #122 +1-571-501-5150 info@getsat.com About SPI Safran is an international high-technology group, operating in the aviation (propulsion, equipment and interiors), defense and space markets. Its core purpose is to contribute to a safer, more sustainable world, where air transport is more environmentally friendly, comfortable and accessible. Safran has a global presence, with 83,000 employees and sales of 19,0 billion euros in 2022 and holds, alone or in partnership, world or regional leadership positions in its core markets. Safran undertakes research and development programs to maintain the environmental priorities of its R&T and innovation roadmap. Safran is listed on the Euronext Paris stock exchange and is part of the CAC 40 and Euro Stoxx 50 indices. Safran Passenger Innovations creates innovative in-flight entertainment and connectivity systems using the latest in consumer and avionics technology to provide best in class hardware, software, and services for a premium, connected flying experience. For more information: www.safran-group.com www.safran-group.com/companies/safran-passenger-innovations Press Contacts Jared Siqueland +1-714-203-0525 jared.siqueland@zii.aero SFE* = Supplier Furnished Equipment Contact Details Get SAT Ayala Pinhasi +972 76-530-0700 ayala@getsat.com Company Website https://www.getsat.com/

September 20, 2023 05:00 AM Pacific Daylight Time

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OnePlus Shares 10-year Business Experience and Confirms Launch of First Foldable Phone at TechCrunch Disrupt 2023

OnePlus

SAN FRANCISCO, US - Media OutReach - 20 September 2023 - Global technology brand OnePlus took to the stage at TechCrunch Disrupt 2023 to share its decade-long experience in running a tech business and confirm the upcoming launch of its first foldable smartphone. "This year marks the 10-year milestone of OnePlus. Over the past decade, OnePlus has always sought to do the right thing in the right way, co-creating products with our users based on their experiences, while maintaining an entrepreneurial mindset that enables us to continually challenge conventional concepts of technology with our premium, high-performance hardware and best possible software experiences," said Zeng Xi, Creative Director for Product at OnePlus during the Builders Stage session on How to Sustain a Tech Company in a Competitive World at TechCrunch Disrupt 2023, which was also attended by Robin Liu, CEO of North America for OnePlus. Alongside sharing with audiences the key components that have contributed to OnePlus's long-term business success over its first 10 years, Zeng also highlighted how OnePlus will continue to stick to its user-driven DNA and "Never Settle" mantra as it embarks on its second decade. This includes remaining focused on its unique strengths as it seeks to further push boundaries, embrace change, and unlock the immense possibilities offered by new innovations to deliver users exceptional Fast & Smooth experiences that meet the needs of both today and tomorrow. During the session, OnePlus also confirmed that its first-ever foldable smartphone will be launched soon. As the latest breakthrough in OnePlus’s exploration of smartphone form factors, and a representation of the brand’s openness to all possibilities, the new device is set to redefine the concept of foldable smartphones by delivering all-round flagship-level experiences in a compact foldable form factor. More details about the new OnePlus foldable phone will be available soon on the official OnePlus website, OnePlus forums and social media channels. About TechCrunch Disrupt Disrupt — the original startup conference —stays fresh, relevant and focused on founders, investors, and the future of tech year after year. Whether you're a startup rookie learning the ropes, a seasoned investor searching for the next big thing, or a founder hell-bent on changing the world - Disrupt delivers the tools, knowledge, and connections to help you make it happen. About OnePlus OnePlus is a global mobile technology brand that challenges conventional concepts of technology. Founded on the "Never Settle" mantra, OnePlus creates exquisitely designed devices with premium build quality and high-performance hardware. OnePlus thrives on cultivating strong bonds and growing alongside its community of users and fans. For more information, please visit OnePlus.com or follow us on: Instagram - https://instagram.com/oneplus Facebook - https://facebook.com/oneplus Twitter - https://twitter.com/oneplus LinkedIn - https://linkedin.com/company/oneplus YouTube - https://youtube.com/@oneplustech TikTok - https://tiktok.com/@oneplus Contact Details Grace Li press@oneplus.com

September 20, 2023 07:18 AM Eastern Daylight Time

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Naurt supercharges delivery industry as it goes public with innovative geo-location software

Naurt

The global “last mile” food and package delivery industry is worth almost $990b and is facing immense pressures to manage costs and cope with demand. Helping them deliver on their promise and create operational efficiencies, geo-location start-up Naurt today announcing the public launch of their software which is set to redefine the delivery ecosystem. Having successfully completed over 80 pilots with a range of organisations, Naurt is launching with a £300,000 funding from venture builder Founder + Lighting to propel its ambitious scale-up plans. The Naurt platform is laser focussed on fixing the biggest issue facing delivery drivers: the arduous task of finding the best parking spot and the correct building entrance. By showcasing the optimal locations, Naurt guarantees quicker deliveries, ensuring parcels never get lost or delayed. This innovation not only enhances delivery capacity by 5% to 15%, but it also significantly impacts delivery companies’ gross profit margins by minimising the key industry “stop cost” metric. This measures the number of deliveries made per shift divided by the length of time it’s taken the driver to complete. During its beta testing (last 18 months), Naurt has collaborated with 83 organisations, who have reported a 6.67% increase in daily deliveries. This boost, equating to an additional delivery per day for drivers, translates into substantial financial savings for companies, especially when labour costs account for a substantial 40% of delivery service expenses. Founded in 2020, Naurt has been on a mission to refine GPS tracking accuracy. The company’s unique software-first approach has enabled them to deliver significant business impact and has been recognised by winning Tech Nation’s Rising Stars start-up competition, outperforming 627 others. With a rapidly expanding team, which includes industry stalwarts Lucy Woolfenden, former CMO at Yolt, and Cien Solon, ex-Zilch, Naurt is poised to scale the business. Jack Maddalena, CEO of Naurt, said, “We see many businesses miss out due to poor levels of location data quality. Now that we have proven our quality of location tracking and data, this will lift the constraints and open possibilities for teams. Naurt has unlocked this opportunity for businesses, with the delivery sector being our initial focus. It's become clear that accurate location tracking alone is not sufficient in this fast paced industry, there's a desperate need for location intelligence in each and every delivery. A lack of which is costing businesses and people time, money and safety. We have created a solution that is able to improve on this without the need for extra hardware. The work we are doing will be transformational for people and businesses around the world”. The current economic environment has witnessed a shift from growth to profitability. Final mile companies are striving to streamline operations, making Naurt’s solution increasingly pertinent. Their patent-pending software not only ensures efficient deliveries by determining optimal parking spots and building entrances, but it also amasses invaluable data, with over 500 million location points collected in collaboration with global delivery giants. Recent studies, like the research paper from Washington University, have underscored the need for intelligent parking solutions, highlighting potential savings of up to 27.9% in parking search time. This further emphasises the value Naurt brings to the industry. “We are confident that Naurt has a globally unrivalled location-tracking solution. Last-mile delivery problems are costing businesses millions each year and Naurt will help slash these inefficiencies.” added Conor Moylan, Chief Investment Officer at Founder + Lightning Looking ahead, Naurt is eager to integrate with numerous delivery companies, aspiring to become an industry-standard software solution. Their vision extends beyond deliveries; they foresee their technology aiding utility companies in asset tracking, potentially revolutionising maintenance protocols. About Naurt Established in 2020 in the UK, Naurt is reshaping the delivery landscape with pioneering software solutions. Our focus on advanced GPS tracking and precise parking and entrance data has simplified deliveries, boosting efficiency and profits for global delivery firms. As a winner of Tech Nation’s Rising Stars award, we’ve showcased a software-driven approach to tangible challenges. In partnership with industry titans, we’ve captured over 500 million location points, leading the way in delivery and location tracking. Naurt is on a mission to set the benchmark in location data across diverse sectors. About Founder & Lighting Founder + Lightning Capital invests in Founders to help them build, grow and transform their businesses with technology. Over the last decade, Founder + Lightning has built over 35 businesses, protecting Founders’ runway and business growth like their own. Founder + Lightning Capital has an ecosystem of investment, strategy, design and tech and is looking to invest in Founders building B2B startups. For more information and to apply go to: https://www.founderandlightning.com/capital/founders Contact Details Naurt Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.naurt.com/

September 20, 2023 07:00 AM Eastern Daylight Time

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LimeWire Acquires BlueWillow - AI Image Generation Model and 2nd Largest Community with 2.3 Million Users

LimeWire

LimeWire, the tech company best known for peer-to-peer music sharing, has acquired AI generation platform BlueWillow. BlueWillow is a leading AI image generation platform with a vibrant community of over 2.3 million active members. In the span of this year alone, BlueWillow has facilitated the creation of 500 million images, solidifying its position as a driving force in the AI content generation sphere. The acquisition comes on the heels of LimeWire announcing LimeWire AI Studio, its content generation platform that allows anyone to create images, own the rights to them, and generate revenue when those images are used. "This is more than an acquisition; it's the merger of a shared vision and innovation. Welcoming BlueWillow amplifies our commitment to both the artist and creator community. Together, we're shaping the future of AI-driven content creation and creativity." shared Paul and Julian Zehetmayr, LimeWire's Co-CEOs. As a result of this acquisition, LimeWire will now combine its already easy-to-use AI Studio, and creator platform with BlueWillow’s proprietary AI model for text-to-image and image-to-image generation. LimeWire’s objective moving forward is clear: to provide all creators with access to advanced AI tools and empower everyone to unleash their creative potential. Understanding AI Content Generation Space The updated LimeWire AI Studio leverages a range of open-source AI technologies, allowing creators to own the images they create. Through this acquisition, it makes the creation process easier so anyone - regardless of their technical ability - can participate. These capabilities will set LimeWire apart from other competitors who only offer image creation capabilities without ownership rights and those reliant on Discord communities and complex prompts, which often limit users' creative potential. Giving Creators Ownership Additionally, this deal will facilitate the creation of the only AI image generator community where creators are able to earn money from their work through ad revenue sharing. The alliance ensures that users, both old and new, will have access to unparalleled AI tools and resources to create, share and monetize their content. Thus setting the stage for a new era in AI-generated content. Creators will receive 50% of ad revenue generated from their content (up to 70% depending on status within the community). Subscribers to said creator will receive 10% of ad revenue generated and an additional 10% if they share their work on social media. LimeWire's acquisition of BlueWillow not only combines the strengths of two pioneering platforms but also further illustrates LimeWire's commitment to democratizing the digital creative space. BlueWillow’s CEO Ritankar Das states, "At the heart of BlueWillow is our community, a diverse group of passionate creators and innovators who have been pivotal to our growth. Joining the LimeWire family ensures that our community doesn’t just grow in numbers but thrives in an environment of state-of-the-art tools and expanded opportunities." ABOUT LIMEWIRE LimeWire is an innovative subscription-based platform designed to empower content creators, artists, and brands while offering fans exclusive content, access to private communities, and direct communication with their favorite artists. Evolving from its early 2000s music discovery roots, LimeWire enables creators to maintain greater control over their content, generate predictable income, and foster strong connections with their most loyal fans. Contact Details Ditto PR Wahaj Khan +1 630-935-7684 wahaj@dittopr.co Company Website https://limewire.com/

September 20, 2023 03:01 AM Eastern Daylight Time

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