All Industries

Lex Sokolin Joins Generative Ventures, Investing in the Machine Economy Powered by Fintech, Accelerated by AI, and Settled on Web3

Generative Ventures

Generative Ventures, a new venture capital firm focusing on emerging machine economies, is thrilled to announce the addition of Lex Sokolin as a Managing Partner. Mr. Sokolin, known for his experience in the fintech and crypto sectors and a deep understanding of the intersection of finance and technology, will bring his unique insights and expertise to Generative Ventures. His previous roles as Chief Economist, CMO, and Global Fintech Co-Head at ConsenSys, a blockchain technology company, founder of the Fintech Blueprint, a leading industry research firm, and CEO of NestEgg Wealth, a pioneering robo-adviser platform, have equipped him with a profound understanding of the transformative potential of technology in the financial sector. Generative Ventures is a venture capital firm that will manage private pooled vehicles that invest in the machine economy, which is the synthesis of new economic activity accelerated by AI, powered by fintech, and settled on Web3 blockchain networks. The firm will support founders building on this economic architecture. "We are excited to have Lex join our team," said Will Wang, a Managing Partner at Generative Ventures. "His deep understanding of the space and visionary approach to building companies make him an invaluable addition to our firm. We believe that his expertise will be instrumental in identifying and supporting the next generation of startups." Lex Sokolin shared his excitement about joining Generative Ventures, stating, "I'm thrilled to be joining a team that shares my belief in the transformative potential of technology. We are at the forefront of the machine-enabled economy, and I look forward to contributing to its mission of supporting startups critical to shaping this future across markets, networks, and economies." In a significant vote of confidence, Bertelsmann Investments, the global venture capital arm of Bertelsmann, has become the first institutional investor in the flagship fund established by Generative Ventures. Bertelsmann Investments has a strong track record of investing in innovative companies and funds, with over €1.7 billion invested in more than 400 companies and funds worldwide. Carsten Coesfeld, CEO of Bertelsmann Investments, said, "We are excited to be the first institutional investor in Generative Ventures’ flagship fund and to back this fantastic team. Their focus on emerging technology and machine-powered economies are aligned with our work on solving business problems using Web3 technologies. Our Web3 team and platform, B3 - The Hub, will work closely with the Generative Ventures team to drive growth and new investment opportunities." With the addition of Lex Sokolin and the backing of Bertelsmann Investments, Generative Ventures believes that it is well-positioned to make a significant impact on the future of machine-enabled economies. About Generative Ventures Generative Ventures is a venture capital firm that invests in machine economies, which is the synthesis of new economic activity accelerated by AI, powered by fintech, and settled on Web3 blockchain networks. The firm is committed to supporting startups that are at the forefront of this technological revolution. For more information, please visit Generative Ventures': Official website | Twitter About Bertelsmann Investments Bertelsmann Investments (BI) comprises Bertelsmann’s global venture capital activities as well as the Bertelsmann Next growth unit. The venture capital arm includes the Bertelsmann Asia Investments (BAI), Bertelsmann India Investments (BII) and Bertelsmann Digital Media Investments (BDMI) funds, as well as selected fund and direct holdings in markets including Europe, the United States, Brazil, Southeast Asia and Africa. The Bertelsmann Next unit advances the entrepreneurial development of new growth sectors and business areas, including digital health, mobile gaming and HR Tech. To date, around €1.7 billion has been invested in more than 400 innovative companies and funds through Bertelsmann Investments. Bertelsmann Investments currently holds over 300 active investments worldwide through its network of start-ups and funds. https://www.bertelsmann-investments.com/ Disclaimers: This article is for information purposes only and does not constitute an offer or invitation to subscribe to interests or shares in any vehicle or arrangement managed or advised by Generative Ventures or its affiliates. Any such offering or invitation will be made based on marketing and disclosure documents that are specific to such vehicle or arrangement. This article was not prepared with prospective investors in mind, and the information contained herein does not constitute investment advice. Bertelsmann is an investor of Generative Ventures and did not receive any direct compensation for providing such testimonial and endorsement. Contact Details Generative Ventures Lex Sokolin lex@genventures.xyz

September 07, 2023 09:01 AM Eastern Daylight Time

Image

APP ANNOUNCES ROBUST 2024 EVENT CALENDAR

APP

2024 APP event calendar will feature a minimum 20 events, between APP Tour stops, APP Signature competitions, Next Gen and International matches; includes enhanced pro-player prize fund, and increased digital and linear broadcast packages The Association of Pickleball Players (APP) has announced its initial overview of 2024 events, featuring a minimum of 20 competitions throughout the year. Beginning in January 2024, the APP will embark on its strongest calendar in the organization’s history, including enhanced APP Tour and APP Next Gen events, the introduction of APP Signature competitions, more international tournament partnerships, significantly increased pro-player prize money, and an expanded broadcast package across digital and linear platforms. The 2024 APP Tour will feature a minimum of 12 events in total – four APP Tour Majors and eight APP Tour Primary tournaments. APP Tour Majors will be held at the largest and best facilities in the world – in Fort Lauderdale, Miami, New York City, and Southern California -- and feature higher purses for pro players, an elevated experience for fans, and enhanced television coverage. APP Tour Major tournaments will offer triple the prize money of 2023 Tour events, paying out a minimum of $150,000 per event and Primary events will offer double the prize money of 2023 Tour events, increasing the purse to $100,000 per event. In 2024, the APP will increase its commitment to bringing professional and recreational pickleball into the homes and onto the devices of pickleball fans through an enhanced digital and linear broadcast package. Full details of a greatly enhanced digital and linear broadcast slate will be announced shortly. A significant addition to the 2024 calendar will be APP Signature Events, which will be held annually, and feature new formats designed to give professional and amateur players more opportunities to compete and earn prize money. The first APP Signature Event of 2024 will be the APP Collegiate Championships, held January 3-7, and will feature the top college pickleball teams from across the nation. Venue, format, and registration details of the APP Collegiate Championships will be announced next week. Other APP Signature Events include: • The AARP Champions Cup: a tournament specifically designed for players 50 and above • The APP Women’s Open: an event built to showcase the sport’s top women pro and amateur players, and elevate the women’s game • The APP U.S. Indoor Championships: an annual indoor event that travels to cities across the country • The APP Atlantic Cup: an international team-based competition pitting Team USA against Team Europe More APP Signature Events will be announced throughout 2024, and beyond. Rounding out the 2024 APP event calendar in the US are three APP Next Gen tournaments, where aspiring pickleball professionals aged 16-23 participate in tournaments against their peers, and receive mentorship from APP Next Gen National Team Head Coaches who will be in attendance at tournaments, offering input and on-site coaching. Additionally, the members of the 2024 APP Next Gen National Team will be announced in January 2024. In addition, the APP will continue to drive and support the rapid growth of pickleball worldwide, building on the organization’s partnerships in England, Spain, Sweden, India and Australia, with new international announcements forthcoming. The APP is proud of its status as the primary driver of competitive and recreational pickleball globally. “The APP has gone from strength to strength in 2023, and we are excited to build on the successes we have enjoyed this year,” commented Tom Webb, Chief Marketing Officer of the APP. “We will have bigger and better tournaments than ever before, featuring more prize money for the pro players and a bigger broadcast package. We are adding a minimum of five groundbreaking new tournaments through our APP Signature Events, and we continue to find and develop America’s future pickleball stars through the APP Next Gen series and our international pursuits. We lead the world in growing pickleball, and we are only just getting started.” DATES EVENT JAN 3 - JAN 7 APP Signature Event: APP Collegiate Championships JAN 17 - JAN 21 APP Tour: Punta Gorda FEB 1 - FEB 4 APP Signature Event: AARP Champions Cup FEB 14 - FEB 18 APP Next Gen: San Antonio FEB 21 - FEB 25 APP Tour: Mesa MAR 20 - MAR 24 APP Tour: Miami (MAJOR) / APP Signature Event: APP Atlantic Cup APR 3 - APR 7 APP Tour: Delray Beach MAY 8 - MAY 12 APP Tour: Cincinnati MAY 22 - MAY 26 APP Tour: New York City (MAJOR) JUNE 12 - JUNE 16 APP Signature Event: APP U.S. Indoor Championships JUNE 26 - JUNE 30 APP Tour: Southern California JULY 18 - JULY 21 APP Next Gen: Kansas City JULY 24 - JULY 28 APP Signature Event: APP Women's Open AUG 28 - SEPT 1 APP Tour: Chicago SEPT 25 - SEPT 29 APP Tour: Boca Raton OCT 9 - OCT 13 APP Tour: Dallas OCT 23 - OCT 27 APP Tour: Southern California (MAJOR) NOV 13 - NOV 17 APP Next: Gen Dallas DEC 4 – 8 APP Tour: Fort Lauderdale (MAJOR) Following the recent conclusion of the 2023 APP Chicago Open, the largest-ever pickleball tournament in Illinois, and featured on ESPN SportsCenter’s Top 10, the 2023 APP Tour continues in Avalon, New Jersey with the 2023 APP Sunmed New Jersey Open, livestreamed on APPTV and televised on Monday, September 11 on CBS Sports Network from 8 –9pm ET. The complete 2024 APP event schedule, featuring dates, locations, venues, and broadcast information will be announced in the coming weeks. Sign up to the APP newsletter to stay up to date on all APP events and pickleball stories. About the APP Founded in 2019, the Association of Pickleball Players (APP) serves professionals, amateurs and recreational players of all ages in the fastest growing sport in the USA. The APP operates the APP Tour, the first and only tour fully and officially sanctioned by USA Pickleball. The 2023 APP Tour slate has 16 announced tournament stops, in addition to International and Collegiate Series events. The APP also prides itself on developing the next generation of pickleball champions through its Next Gen Series, the Next Gen National Team, and other youth initiatives. To stay updated on the APP, visit theapp.global, and follow us on Instagram, X, Threads, TikTok, Facebook and LinkedIn. Contact Details The Association of Pickleball Players Daniel Sagerman +1 847-800-8182 dsagerman@theapp.global Company Website https://theapp.global

September 07, 2023 08:00 AM Central Daylight Time

WagerWire Announces Marketplace Integration Partnership with Betr

WagerWire

WagerWire, a marketplace technology and media company serving sportsbooks and bettors, announced today it has signed a technology integration and media partnership deal with industry innovator Betr. As part of the partnership, WagerWire’s proprietary tech, which empowers bettors to buy and sell active sports bets and fantasy entries, will be fully integrated with Betr’s platform in the future, allowing for trading inside both Betr and WagerWire’s mobile apps. WagerWire transforms traditional bets into assets that can be bought and sold at any time, unlocking new ways to strategize, speculate and profit. The partnership serves to further differentiate Betr’s core user experience in an industry inundated with commoditized products, while placing WagerWire’s innovative offering at the forefront of the sports betting industry. The deal positions Betr, who is rapidly advancing towards product parity with incumbent operators, to vault ahead of the field by becoming the first to combine the trifecta of microbetting, traditional, and secondary markets. “While secondary markets are commonplace for things like concert tickets, trading cards, and even fashion, it has yet to exist at scale in sports betting – until now.” said Zach Doctor, Co-Founder and CEO of WagerWire. “We have great admiration for what Joey Levy, Jake Paul and the entire team at Betr have accomplished as both a gaming operator and media company.” “WagerWire’s technology creates a new category that supercharges the fan experience. Sports betting should be as fun and exciting as the sports themselves,” Doctor continued. “This can only be achieved through a holistic approach that pairs an intuitive and gamified product with engaging media and an impassioned community. I’m proud to say Betr shares this vision.” An independent survey earlier this year found that if a sportsbook offered their users the option of a secondary marketplace, 76% would place more bets and 72% would place larger ones, growing the overall pie. Additionally, 84% would place more parlays and 80% would place more futures, improving the book’s overall bet mix in these profitable categories. The same survey found 90% of bettors would rather sign up for a sportsbook offering a secondary betting marketplace, and 76% would spend more time inside that sportsbook’s app. “We are excited to partner with the WagerWire team, who shares our perspective that there is a significant opportunity to enhance the sports betting user experience through product innovation,” said Joey Levy, Founder and CEO of Betr. “We are looking forward to integrating their technology into our new V1 sportsbook platform being built on top of the recently acquired Chameleon platform, which remains on track to go live next year.” The partnership also extends to both companies’ rapidly growing media divisions. In just their first 10 months, Betr Media and the WagerWire Media Network surpassed 1.3B and 250M impressions on social media, respectively. The two already rank among the most engaged sports communities on the internet, with both being finalists for Best Sports Betting Content at the 2023 Hashtag Sports Awards, which Betr went on to win. WagerWire’s technology fits hand in glove with Betr’s social ethos, creating new ways for fans to ride bets together and share in the action with their favorite influencers as well as their friends. The companies will kick off the partnership by co-producing their first original video series this year with other projects to follow. WagerWire first came onto the scene when it announced its seed round in 2022 with backing from the likes of Miami Marlins co-owner Roger Ehrenberg (IA Sports Ventures and Eberg Capital), 305 Ventures, NBA All-Star Richard Jefferson, and SimpleBet co-founder Scott Marshall, among others. Betr was co-founded in 2022 by Joey Levy and Jake Paul and is backed by Roger Ehrenberg and Florida Funders as well as NFL players Dez Bryant, Ezekiel Elliot and other high profile personalities. Betr recently announced the closing of a 35M Series A2 round. About WagerWire WagerWire empowers bettors to take control of their action and treat their bets as assets that can be bought and sold at any time. WagerWire’s proprietary marketplace technology can be directly embedded into sportsbook apps, and also powers the WagerWire app that serves as an aggregated marketplace of bets across partner sportsbooks. WagerWire also has a Media Network that generates daily content “By Fans, For Fans”. You can find WagerWire @WagerWire on Twitter and LinkedIn, or @WagerWireLive on TikTok and at WagerWire.com. WagerWire is dedicated to providing users with a responsible gaming environment. If you think you or someone you know may have a gambling problem, resources are available. Call 1-800-GAMBLER. About Betr Founded in 2022 by Joey Levy and Jake Paul, Betr is a leading sports betting and sports media company through Betr Gaming and Betr Media, respectively. Betr Gaming is an online sports betting and gaming business focused on a unique product experience with a simplified user experience that is catered to the casual sports fan, enabling Betr to capture more of the underpenetrated online gaming addressable market. Betr Gaming began with a microbetting-only online sports betting (OSB) product, allowing users to bet on individual plays and events – such as pass or rush on the next play in football or the outcome of the next pitch in baseball, and is expanding its OSB product offering to include additional markets with full sportsbook capabilities, as well as planning to expand into other real money gaming verticals. Betr Media is the fastest growing sports betting media brand in the United States that has grown to over 1.6 million followers, 1.6 billion impressions, and 84 million engagements across its social channels since publicly launching in August 2022. Betr is creating a unique flywheel by investing in content creators to drive brand awareness and affinity, which drives more audience and engagement with the Betr brand, allowing Betr to monetize its user base through a suite of gaming products which then enables further investment in content and brand affinity. For more information on Betr, visit betr.app or follow @betr on TikTok, Instagram, and Twitter. To learn more about responsible play, please visit betr.app/responsibility. Contact Details Hot Paper Lantern Bailey Irelan birelan@hotpaperlantern.com Company Website https://www.wagerwire.com/

September 07, 2023 08:30 AM Eastern Daylight Time

West Red Lake Gold Mines (WRLG.V) CEO Message Part 1: An Introduction to WRLG and its properties.

West Red Lake Gold Mines Ltd.

September 7, 2023 – TheNews w ire – Global Stocks News – On September 6, 2023 West Red Lake Gold Mines (TSXV:WRLG) (OTC:WRLGF) CEO Shane Williams sent part one of seven communications to WRLG shareholders. Williams has designed, built and operated mines around the world - for Skeena Resources, Eldorado Gold and Rio Tinto. CEO Message Part 1: An Introduction to West Red Lake Gold Mines and its properties. By Shane Williams – CEO of West Red Lake Gold Mines Thank you for your interest in West Red Lake Gold Mines. I know that you are busy and bandwidth is squeezed, so let’s cut to the chase. Our flagship Ontario asset – The Madsen Gold Mine – is debt free, fully permitted, and has a brand new 800+ tonne per day mill, a tailings and water treatment facility. The “lower-grade” near surface zone is about 3.5 grams/tonne gold, the higher-grade zone at 500 meters averages 9 grams/tonne gold. At its peak, the asset was valued at over a billion dollars, 10X our current market cap. There is smart money heavily invested in the current project - Frank Guistra (10%); Sprott Resource (24%). The previous operator was under-capitalised. Debt repayment obligations forced the company into a quick-to-cash-flow mine model that was ultimately expensive and inefficient. I have designed, built and operated mines (open pit and underground) in Greece, Turkey and Canada - for Skeena Resources, Eldorado Gold and Rio Tinto. Under Frank Guistra’s guidance, my team conducted three months intense due-diligence on this project. It is clear to me and our technical team, the problems with this mine had to do with management strategies, not the asset itself. Geologically, metallurgically, politically and environmentally we are not aware of any big negatives with this mine. We purchased this asset for pennies on the dollar when nobody cared about gold. Investors are starting to care now. With global debt levels reaching $305 trillion, we anticipate the gold price reaching new highs. The Red Lake District is one of the most prolific gold districts on the planet with over 30 million ounces produced. Our 47 Km2 land package is 13 X bigger than NYC’s Central Park. Next week in Part 2 of my message to shareholders, I will explain how the previous operators got it wrong, and how we are getting it right. Sincerely, Shane Williams We invite you to click on this button to learn more about West Red Lake Gold Mines. On September 6, 2023 WRLG announced the beginning of surface drilling at the Wedge target, located about two kilometres southwest from its 100% owned Madsen Mine in the prolific Red Lake Gold District of Northwestern Ontario, Canada. “The drilling program will consist of up to 3,000 metres with the goal of growing and upgrading the existing mineral resources at Wedge,” stated WRLG. “Which currently contain an Indicated mineral resource of 56,100 ounces grading 5.6 grams per tonne gold, with an additional Inferred resource of 78,700 oz grading 5.7 g/t gold. HIGHLIGHTS: Surface exploration drilling to commence at the Wedge target – located 2 km southwest from the Madsen Mine Drilling will be focused on extending high-grade zones at Wedge and increasing confidence in the overall mineral resource Wedge currently hosts an Indicated resource of 56,100 oz of gold grading 5.6 g/t Au 1 and an Inferred resource of 78,700 oz of gold grading 5.7 g/t Au 1 The Wedge resource sits adjacent to the past-producing Starratt-Olsen Mine which historically processed 823,554 tonnes grading 6.16 g/t Au for approximately 163,000 oz of gold [2] Previous drilling highlights from the Wedge target include: Hole PG17-486 Intersected 10.33 m @ 24.94 g/t Au, from 16.67 m to 27 m Hole PG17-467 Intersected 16.6 m @ 17.49 g/t Au, from 11.45 m to 28 m Hole PG17-482 Intersected 14.4 m @ 8.35 g/t Au, from 28 m to 42.4 m Hole PG19-643 Intersected 1 m @ 108.5 g/t Au, from 103 m to 104 m “Our team is very excited to be back drilling near the Madsen Mine asset,” stated Williams. “We view Wedge as a key component in our overall vision of staying committed to exploration and unlocking the full potential of all our high-grade assets in the Red Lake Mining District.” “With Wedge being located just 2 km away from the existing mill facilities at Madsen,” continued Williams. “On fully patented claims and directly adjacent to the past-producing Starratt-Olsen mine, we can see a clear path forward for permitting at Wedge and view it as a high-caliber candidate for a future mill-feed source at Madsen.” West Red Lake Gold has sold off heavily this week during a “pan-sell-off” that included bonds, metals, oil and crypto. “A strong U.S. dollar and elevated U.S. Treasury yields are bearish outside market elements working against the precious metal [gold],” reported Kitco.com on September 6, 2023. GSN is not aware of any negative material change to the company’s operations or its ability to build a profitable gold mine. Contact: guy.bennett@globalstocksnews.com Full Disclaimer

September 07, 2023 08:00 AM Eastern Daylight Time

Image

Brine Fi hits $100m valuation with $16.5m round as it launches top ranking decentralised exchange

Brine Fi

Centralised Exchanges (CEXs) that trade crypto currencies have been under fire ever since the FTX fall out. This led to a surge in interest for Decentralised Exchanges (DEXs) for traders seeking some safeguards for their portfolios. Yet these DEXs remain cumbersome for users to execute trades and manage profitability. Innovating the decentralised finance space, Brine Fi is today announcing a $16.5m series A funding round having launched its orderbook platform just weeks ago that is already running monthly volumes of $300m, becoming the top ranked DEX globally. The funding round was led by Pantera Capital with participation from Elevation Capital, Starkware Ltd, Spartan Group, Goodwater Capital, Upsparks Ventures, Protofund Ventures and angel investors. Brine Fi is an orderbook spot DEX and has set out to address the shortcomings being faced by crypto traders when trading. A DEX allows users to trade on-chain i.e. traders can get their orders executed on the blockchain and hold full custody of their assets with them while placing these trades. While they are the safest way to trade, many traders opted for a CEX to counter higher trading fees on DEXs, price slippage, transaction fees ($5-25 per transaction), liquidity issues, the absence of an orderbook, transaction delays and an inability to provide privacy on orders causing frontrunning attacks. These issues can impact profit margins and substantially increase the uncertainty of specific trades. The crypto market is known best for its volatility which creates opportunities for traders but all too often the trading engines of DEX can’t keep up and fail to execute orders instantaneously, which leads to price slippage. Brine Fi is able to execute orders in milliseconds while remaining fully non-custodial and this feature has helped them onboard some of the largest hedge-funds, exchanges and high frequency traders in the world by helping them diversify their asset allocation and mitigate counterparty risks. Brine Fi also solves another common issue prevailing in DEXs called frontrunning, wherein a user places an order of a huge value on a DEX, it becomes public to everyone and this information can be used by anyone by getting their order executed first at a better price, which might lead to the previous order not being executed. To tackle this issue, Brine Fi makes use of zkP (Zero Knowledge Proofs) technology, powered by StarkWare, which enables privacy on trading positions, so that traders can get their high volume orders executed with ease. Moreover, users can trade gasless and pay a trading fee as small as 0.05%. Users can also claim up to 50% of their referrals’ trading fee as a rebate on Brine Fi. Moreover with the launch of Brine Fi’s Trading Leaderboard, top traders can now claim USDC rewards every month. Shaaran Lakshminarayanan, co-founder and CEO at Brine Fi commented: ““Having built one of the largest crypto exchange previously, we have had to diversify users assets constantly in multiple exchanges and venues to reduce asset loss risk due to troubled exchanges/parties, with Brine Fi we make it easy for institutions, centralised exchanges, HFT traders and retail users to reduce their counterparty risk and at the same time get the best price for their orders in the industry”. The Brine Fi team includes former execs from CoinBase, PayPal, Venmo, Flipkart, Harvard, and MIT and are on a mission to deliver the best DEX experience possible to traders and institutions alike. Brine Fi was founded by university friends Bhavesh Praveen, Ritumbhara Bhatnagar and Shaaran Lakshminarayanan. Paul Veradittakit, Managing Partner at Pantera Capital commented: “Brine tackles some of the most important challenges holding back institutional and mainstream user adoption in DeFi. There's an urgent demand for a self-custodial execution layer that is faster, more reliable, user-friendly, and cost-effective.” Vaas Bhaskar, Principal at Elevation Capital commented: “We have seen Shaaran and team since Day One at Brine. The team brings together a unique blend of understanding both, complex technologies and evolving user needs. We are are excited to continue to invest in Brine, in their mission of abstracting complexities of blockchain technology and making it more accessible to end users and institutions” About Brine Fi Brine.Fi is the world’s leading decentralised exchange for institutions and high frequency traders. Presently ranked as one of the top 10 decentralised exchanges in the world by trading volume backed by Pantera Capital, Elevation Capital, Starkware Ltd, Spartan Group, Goodwater Capital, Upsparks Ventures, Protofund and Marquee angel investors. About Pantera Capital Pantera Capital is the first institutional investment firm focused exclusively on bitcoin, other digital currencies, and companies in the blockchain tech ecosystem. Pantera launched the first cryptocurrency fund in the United States when bitcoin was at $65/BTC in 2013. The firm subsequently launched the first exclusively-blockchain venture fund. In 2017, Pantera was the first firm to offer an early-stage token fund. Pantera Bitcoin Fund has returned over 32,000% in nine years and has returned billions to its investors. Pantera manages $4.7bn across three strategies – passive, hedge, and venture. About Elevation Capital Elevation Capital is a leading venture capital firm that provides seed and early-stage capital for emerging companies. Elevation Capital has deployed almost $2 billion of capital in over 150 companies. The firm announced its eighth pool of capital of $670 million in April 2022. The firm is led by Co-Managing Partners Ravi Adusumalli and Mukul Arora, along with Partners Mridul Arora and Mayank Khanduja. The firm has invested in over 150 companies across Consumer Internet, SaaS, Fintech, Consumer Brands, Edtech, Healthtech and Web3/Crypto and has offices in Bengaluru, Gurgaon and Salt Lake City. Contact Details Brine Fi Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.brine.fi/

September 07, 2023 08:00 AM Eastern Daylight Time

Image

GAM3S.GG Raises $2M Seed Round Led by Mechanism Capital to Grow Web3 Gaming Superapp

GAM3S.GG

GAM3S.GG, formerly Polkastarter Gaming, has closed a $2 million seed funding round, led by Mechanism Capital with the participation of other major venture and angel investors. The seed round fundraise coincides with a rebrand of the project to align with its new vision. The full list of investors also includes Polygon, Double Peak, ArkStream Capital, LD Capital, ROK Capital, Hyperithm, Snackclub, Emurgo Ventures, Eden Ventures, MixMarvel DAO Venture, 4SV, CommonWealth Capital, Venly Ventures, TKX Capital, SkyVision Capital, Compute Ventures and MarketAcross, as well as several angel investors in the web3 gaming space. The raise will serve to scale and grow the GAM3S.GG gaming superapp — dubbed the “IGN for web3” by investors and partners. The platform currently offers curated web3 gaming content, with 200+ games listed across 15 chains, and over 60,000+ registered gamers, positioning itself as the biggest hub for web3 gamers since its launch in November 2022. “Web3 games are a uniquely difficult product to build, let alone the infrastructure surrounding and enabling it. This holds especially true for gaming hubs and aggregators.” said Ken, Partner at Mechanism Capital. “Finding the win will require teams to take us past the feature sets we have been stuck with for years, and the ability to understand incumbent playbooks and evolve them with aggressive experimentation. We see that here with this squad - now it’s just a matter of time for players to make their way to GAM3S.GG.” added Ken. Throughout 2023, we have seen more gaming industry giants test the waters of web3 gaming, with the likes of Zynga and Ubisoft working on web3-native games, Sugartown and Champions Tactics: Grimoria Chronicles respectively. With new gamers entering the space, the necessity for an aggregator like GAM3S.GG is growing by the day. Moreover, gamers’ sentiment towards web3 gaming is shifting, and GAM3S.GG is building the hub to enable newcomers and natives alike to explore new frontiers and experiences within one single web3 gaming superapp. "The gaming industry is at a crossroads; while web3 offers new exciting possibilities, the lack of quality content and a singular destination for all your web3 gaming needs has left many gamers lost,” said Omar Ghanem, Co-Founder & CEO at GAM3S.GG. GAM3S.GG has seen thousands of registered gamers exploring its selection of curated content focused on next-gen web3 games since its inception. Last December, the platform hosted the first and largest web3 game award show - the GAM3 Awards, which saw over 250,000 votes and 140,000 unique viewers tune into the streamed event. Now, the platform aims to continue building advanced features to eliminate barriers to entry for blockchain games, including social logins, player-owned item management, progression rewards, retrospective in-game progress tracking, as well as directly playing web3 games on the platform. “Traditional gaming has its IGN and Kotaku, yet the industry isn't ready for the change that blockchain-powered titles present; and if we wait for them to step in, we'd lose potential early adopters and valuable progress — and that's why GAM3S.GG was born,” added Ghanem. “We're not just curating; we're spotlighting the top games, setting the gold standard, and allowing gamers to engage with games in unprecedented ways as we aim to become the definitive home of web3 gaming.” The team’s mission for GAM3S.GG is to help web3 gaming reach 100 million users through its platform and content, and continue its evolution as the trusted gateway for gamers looking to explore the possibilities of blockchain-powered games through upcoming features that aim to bring all your web3 gaming needs under one roof. "There's immense value in platforms that curate and guide, particularly at early stages in new niches, and while we've seen plenty of platforms & aggregators rise over the years, GAM3S.GG stands out as a beacon of innovation in web3 gaming,” said Shreyansh Singh, Head of Investments at Polygon. “We've worked closely with the team over the past 18 months and investing in them isn't just about backing a platform; it's about championing a vision where web3 gaming is accessible, quality games rise above the noise, and where gamers have a trusted compass in this new frontier.” This is only the beginning of the GAM3S.GG journey, and the industry is still in its infancy. With several household names entering the blockchain gaming world more often, the platform will serve as the gateway for all gamers to enjoy web3 games to their maximum potential with all the content they need. About GAM3S.GG GAM3S.GG is a web3 gaming superapp that curates and creates content to spotlight the top games and showcases reviews, guides, news, quests, annual awards, and more. Its vision is to become the one-stop-shop for web3 gaming to help onboard millions of gamers, allowing them to engage with blockchain powered games in unprecedented ways, and becoming the ultimate bookmark on every gamer’s device. Website | Twitter | Twitch | Discord | Youtube Contact Details John D@Gam3.com

September 07, 2023 06:27 AM Eastern Daylight Time

Image

MAGIIS Unveils Passenger and Driver App Updates, Setting New Standards for Convenience and User-Friendly Experience

MAGIIS

MAGIIS, the tech-enabled platform for Transportation-for-Hire providers, has announced a series of groundbreaking updates to its white-label apps for passengers and drivers. These updates are poised to shake up the traditional transportation-for-hire industry by enhancing user experience, improving efficiency, and setting a new standard for mobility solutions by empowering providers with cutting-edge technologies. The new updates mark a significant milestone for MAGIIS in its journey to redefine how people experience transportation services. MAGIIS has heavily emphasized design, functionality, and user convenience in the passenger app update. The refreshed look and feel of the app presents a modern interface that aligns seamlessly with industry standards. One of the standout features introduced is the "Take Me Home" button. This addition enables passengers to request a ride home with a single tap. The app's GPS technology identifies the user's location and automatically sets the destination as their pre-specified home address, eliminating the need for manual input. Additionally, dynamic buttons have been integrated into the app, adapting their functions according to the context of the user's interaction. Frequent travelers will also appreciate the new "Frequent Destination" button, streamlining the process of booking routine trips such as commuting to work or returning home. MAGIIS's commitment to improving driver experience shines through in the driver’s app update. The new look and feel give drivers a fresh, modern interface that embodies the platform's commitment to excellence. A standout feature in the driver app update is the "Second Trip" functionality. This feature enables drivers to select their next ride while still en route with a passenger. This feature significantly enhances driver efficiency and trip frequency by suggesting nearby trips or rides that align with the driver's upcoming availability. The driver app update also caters to corporate customers, offering management capabilities for individual and corporate rides. The ability to manage rides even in areas with limited cellular signal demonstrates MAGIIS's dedication to seamless operations and responsive service. "These updates reflect our dedication to providing an unparalleled user experience and equipping transportation-for-hire providers with the tools they need to thrive in the always-changing mobility industry," said Leonardo Gannio, CEO at MAGIIS. MAGIIS's mission to empower the transportation industry through cutting-edge technology is evident with the new updates. MAGIIS is setting a new benchmark for secure, sustainable, and efficient mobility solutions by offering a more modern look, intuitive features, and improved connectivity. For more information about MAGIIS and its latest updates, please visit magiis.com. Contact Details MAGIIS Leonardo Gannio info@magiis.com Company Website https://magiis.com

September 07, 2023 05:37 AM Eastern Daylight Time

Introducing NanoSoles: The Innovative Solution for Foot and Back Pain Relief by NanoSocks

NanoSocks

NanoSocks, a leading brand in providing high-functioning compression wear and assistive products, proudly announces the launch of its latest groundbreaking product, NanoSoles. With a proven track record as the best socks for neuropathy and plantar fasciitis, NanoSocks continues to redefine comfort and wellness in innovative ways. NanoSocks has earned its reputation by delivering expertly designed, extensively tested compression wear that empowers people of all ages, sizes, and athletic abilities to feel their best, no matter where life takes them. Their high-quality products have been trusted by individuals seeking relief from discomfort, improved circulation, and enhanced well-being. NanoSoles represents NanoSocks' latest advancement in the pursuit of wellness and pain relief. Designed to address foot and back pain without resorting to drugs, NanoSoles introduces a host of features designed to redefine comfort and well-being. At the heart of these advancements are four key elements: Magnetic Stimulation: Within each NanoSoles insole lies a sophisticated arrangement of five rare-earth magnets strategically placed to stimulate blood flow and reflexology massage points. This unique feature contributes to overall foot health and plays a pivotal role in alleviating discomfort. Customizable Fit: NanoSoles' cut-to-fit design ensures a personalized and cozy fit for every wearer. This individualized sizing optimizes the product's effectiveness and adapts seamlessly to the unique contours of each individual's feet. Versatile Compatibility: NanoSoles stand out with their compatibility, as they can be effortlessly integrated into any shoe equipped with a removable insole. This versatility allows users to enjoy the benefits of NanoSoles across various footwear styles, ensuring comfort without compromising personal preferences. Drug-Free Pain Relief: NanoSoles presents a drug-free approach to managing foot and back pain by offering an alternative to pharmaceutical solutions. By harnessing the combined potential of magnetic stimulation and reflexology massage, NanoSoles provide a holistic and natural pathway to relieving discomfort. NanoSocks' commitment to innovation, quality, and results has established them as the foremost provider of compression wear for neuropathy and plantar fasciitis. With NanoSoles, NanoSocks continues to evolve its product line, ensuring that individuals across the spectrum of needs can experience comfort, support, and a healthier lifestyle. For further information on NanoSoles and NanoSocks' range of products, visit www.nanosocks.com. About NanoSocks: NanoSocks is a pioneering brand committed to enhancing mobility and well-being. The company's resolute belief in a pain-free existence underscores its dedication to promoting comfort and accessibility to wellness for everyone. NanoSocks is unwavering in its mission to empower individuals to lead healthier, more active, and gratifying lives through meticulously crafted products that have undergone rigorous testing. NanoSocks equips you with the tools to fully embrace life, fostering a world where comfort and movement coexist harmoniously. Contact Details NanoSocks NanoSocks +1 888-205-9526 Company Website https://www.nanosocks.com

September 07, 2023 05:25 AM Eastern Daylight Time

News Release

Bybit Unveils Powerful Passive Income Solutions for Crypto Investors

Bybit

Bybit, the world’s third most visited crypto exchange, has released a lucrative suite of passive income products for new users. To help investors weather tough market conditions, Bybit is offering new users an exclusive 7-day Fixed Term USDT Savings Product with an impressive 15% APR. The yield is doubled at the end of the period with extra bonuses paid in USDT making a total APR of 30%. This program enhances Bybit’s powerful passive income products, which include savings-style products with high APYs for digital assets. Additionally, there are intermediate-level products such as Dual Asset mining where, every Friday, VIP-level deals are open to all. Secondly, Bybit has thrown open the door to its exclusive VIP tiers for 50% less than usual. VIP access is now available for new users who deposit $25,000 or more during the campaign period — and they will also be eligible for the VIP-only Fund Pool with a rate of 4.5% APR. This pool also doubles interest accrued at the end of the 30-day period giving a total 9% APR return for new VIPs. This product comes on the back of Bybit recently revamping its VIP and PRO tiers, lowering its taker fee rates while increasing the maker fee rates to beat rival crypto exchanges. Bybit is currently offering unparalleled value to VIP and PRO clients. Finally, users who invite friends to join this campaign will earn a 5 USDT bonus reward for each referee. Users can earn up to 100 USDT in bonus rewards for a maximum of 20 eligible referees. “Bybit was built in the 2018 bear market and we are building even more intensively this time,” said Ben Zhou, co-founder and CEO. “To help to our loyal community and users enhance their returns during the current bear market, we are revamping Bybit Earn with simple, safe opportunities to earn yield while waiting for the next bull run.” #Bybit / #TheCryptoArk About Bybit Bybit is a top-five cryptocurrency exchange established in 2018 that offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team. For media inquiries, please contact: press@bybit.com For more information please visit: https://www.bybit.com For updates, please follow: Bybit's Communities and Social Media Contact Details Bybit press@bybit.com Company Website https://www.bybit.com/en-US/

September 07, 2023 05:24 AM Eastern Daylight Time

1 ... 820 821 822 823 824 ... 3579