Blockchain Press Releases
Agriculture Drone Market worth $17.9 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, June 29, 2023 /PRNewswire/ — The Agriculture Drone Market is estimated at USD 4.5 billion in 2023 and is projected to reach USD 17.9 billion by 2028, at a CAGR of 31.5% from 2023 to 2028 according to a new report by MarketsandMarkets™. The agriculture drone market is rapidly expanding, shaping modern-day agriculture practices. With the ability to gather real-time data and provide actionable insights, drones revolutionize crop management. They capture high-resolution images and collect data on crop health, soil conditions, and other crucial parameters, empowering farmers to make informed decisions. Precision spraying and targeted interventions minimize resource wastage, reduce environmental impact, and optimize yields. The integration of drones with smart farming systems further enhances their utility. The market’s growth is driven by increasing demand for efficiency, sustainability, and profitability in agriculture.
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The component segment, by Controller Systems, is expected to account for the largest share in 2023.
Controller systems are expected to lead the agriculture drone market due to their crucial role in drone operation and control. They serve as the interface between the operator and the drone, enabling remote control, navigation, and data collection. Controller systems are evolving to support autonomous capabilities, reducing the need for manual control, and enhancing operational efficiency. They integrate and control various payloads and sensors, ensuring seamless communication and synchronization. User-friendly interfaces simplify drone operation, while safety features enable compliance with regulations. As the demand for precision agriculture grows, controller systems with advanced functionality, improved autonomy, and seamless payload integration are driving the agriculture drone market forward.
The application segment, by Livestock Monitoring, is expected to dominate the market with the largest share in 2023.
Livestock monitoring is expected to lead the agriculture drone market due to its efficiency, cost-effectiveness, and ability to provide real-time data. Drones enable farmers to efficiently track animal movement, behavior, and health over large areas, reducing labor and costs. They can access remote locations and gather valuable data for analysis, optimizing grazing management and improving animal welfare. Livestock monitoring with drones enhances animal safety, aiding in the detection of distress or potential threats. These benefits, combined with the growing adoption of precision agriculture, contribute to the increasing prominence of livestock monitoring in the agriculture drone market.
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Asia Pacific is expected to account for the largest market share in 2023.
The Agriculture Drone market industry has been studied in North America, Europe, Asia Pacific, South America, and the Rest of the World. Europe is poised to lead the agriculture drone market due to its favorable regulatory environment, government support, technological advancements, strong agricultural sector, and emphasis on sustainable farming practices. Clear regulations and government incentives promote the safe and responsible use of drones in agriculture. In 2021 the European Union (EU) has implemented initiatives like the Common Agricultural Policy (CAP) and the European Innovation Partnership for Agricultural Productivity and Sustainability (EIP-AGRI). These efforts, taken to promote precision agriculture and sustainable farming practices. Europe’s well-developed agricultural sector and demand for efficient farming practices drive the adoption of agriculture drones. The region is home to leading drone manufacturers and benefits from a supportive ecosystem of research institutions and industry collaborations, fostering innovation and knowledge sharing in the sector.
Major players operating in the Agriculture Drone market include DJI (China), PrecisionHawk (US), Trimble Inc. (US), Parrot (France), Bayer CropScience AG(Germany), Yamaha Motor Co., Ltd. (Japan), AgEagle Aerial Systems Inc. (US), DroneDeploy (US), Autel Robotics (US), Sentera (US), Optim Corporation (Japan), Microdrone (Germany), Aerialtronics (Netherlands), Delair (France), XAG Co., Ltd. (China), Skydio (US), AgroDrone AI (Brazil), Aries Solutions Pte Ltd (India), Wingtra (Switzerland), Lockheed Martin Corp (US), Gamaya (Switzerland), Atmos UAV (Netherlands), SKYX (Canada), SlantRange, Inc. (US) and Nileworks (Japan).
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Browse Adjacent Reports @ Agriculture Industry Market Research Reports & Consulting
Related Reports:
Digital Agriculture Market by Technology (Peripheral and Core), Type (Hardware and Software), Operation (Farming & Feeding, Monitoring & Scouting, and Marketing & Demand Generation), Operation and Region – Global Forecast to 2027
Agricultural Variable Rate Technology Market by Offering (Hardware, Software, Service), Type (Fertilizer Vrt, Crop Protection Vrt), Crop Type, Application Method, Farm Size, Application Fit and Region – Global Forecast to 2027
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Blockchain Press Releases
Markets Show Resilience Ahead of End-of-Year Options Expirations: Bybit x Block Scholes Crypto Derivatives Report
DUBAI, UAE, Dec. 26, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, released the latest Crypto Derivatives Analytics Report in collaboration with Block Scholes, highlighting the muted market volatility despite major options expirations on Friday. BTC and ETH’s realized volatility has increased, but short-term options haven’t adjusted to this change. This indicates that while spot prices are fluctuating, the options market is not fully reacting to these shifts, although BTC and ETH volumes have displayed slightly different patterns.
With more than $525 million in BTC and ETH options contracts expiring on Dec 27, 2024’s end-of-year options expiration looks set to be one of the biggest yet, yet expectations for volatility have remained subdued. The report highlights an unusual inversion in ETH’s volatility structure, but BTC has not mirrored the reaction. Additionally, a change in funding rates—sometimes turning negative as spot prices drop—signals a new market phase. Notably, BTC’s volatility structure has been less responsive to changes in spot prices, whereas ETH’s short-term options are exhibiting more noticeable fluctuations.
Key Findings:
BTC Options Expirations:
In the past month, BTC’s realized volatility has been higher than implied volatility on three occasions, each time reaching a relatively calm equilibrium. Open interest in BTC options remains high, contributing to potential increased volatility as we near the end of the year. Around $360 million worth of BTC options (both puts and calls) are set to expire soon, which can affect price movement.
ETH Options: Calls Dominate
Despite a mid-week inversion, ETH’s volatility term structure has flattened, maintaining levels similar to those seen over the past month. In the final week of 2024, calls overwhelmed puts in open interest in ETH options, although market movements and trading activities are more on the put side.
Access the Full Report:
Gain deeper insights and explore the potential impacts on your crypto trading strategies by downloading the full report here: Bybit X Block Scholes Crypto Derivatives Analytics Report (Dec 24, 2024)
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About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
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NICOSIA, Cyprus, Dec. 26, 2024 /PRNewswire/ — BC.GAME has launched its latest slot game, Wukong, inspired by the highly acclaimed Black Myth: Wukong, a groundbreaking AAA game that has captivated players worldwide. Officially released on December 24, this 6-reel, 5-row slot game allows players to experience the essence of Wukong’s legendary journey while aiming for rewards of up to 10,000 times their bet.
The game incorporates iconic symbols and elements from Black Myth: Wukong, such as the Ruyi staff, gourd bottles, and treasure pearls, designed to recreate the mythical atmosphere of the original story. The addition of the Sticky Symbols feature enhances gameplay by keeping special symbols locked in place during free spins, significantly increasing the chances of winning and unlocking larger rewards.
Dark Visual Design and Storytelling Behind Wukong
The visual design of Wukong draws from traditional Chinese art styles, blending elements from Journey to the West. The reels are filled with recognizable symbols like the Ruyi staff, gourd bottles, and treasure pearls. These symbols immerse players in the mythical world of the story, faithfully recreating key moments from the novel, such as Sun Wukong’s havoc in Heaven and his encounters with the White Bone Demon.
The game’s background is rooted in Journey to the West, where Sun Wukong embarks on a journey with the monk Tang Seng and his companions to obtain sacred scriptures. Each detail of the game is carefully crafted to bring this legendary tale to life, offering a unique gaming experience and a tribute to Chinese culture and mythology.
Key Features of the Wukong Slot Game:
Free Spins and Bonus Opportunities: Triggering free spins unlocks additional reward mechanisms, increasing the chances of landing big wins.
Sticky Symbols Feature: Special symbols remain in place during free spins, greatly enhancing winning potential.
Up to 10,000x Max Win: The game offers a maximum payout of up to 10,000 times the bet, providing significant winning opportunities.
“Wukong is not just about spinning reels; it’s about experiencing a rich part of Chinese culture. We’ve worked hard to ensure the game is stunning and fun and engaging for players, with layers of features that add excitement. We’re proud to offer a game that blends storytelling with gameplay, and we think players will love the journey through Wukong’s legendary world,” Jack Dorset, CEO of BC.GAME said.
About BC.GAME
BC.GAME is a leading online gaming platform that integrates blockchain technology and cryptocurrency into its casino games, by offering a secure, transparent, and decentralized experience, BC.GAME allows players to enjoy a variety of gaming options, including slots, table games, and live casino offerings. The platform is dedicated to providing players with exciting, fair, and innovative ways to engage with the world of gaming. citing, fair, and innovative ways to engage with the world of gaming.
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Blockchain Press Releases
WSPN Appoints Former EY Global Chief Innovation Officer Jeff Wong as Independent Director
SINGAPORE, Dec. 26, 2024 /PRNewswire/ — Worldwide Stablecoin Payment Network (WSPN), a leading stablecoin infrastructure company, announces the appointment of Jeff Wong as Independent Director. Mr. Wong brings over 25 years of experience in technology innovation and enterprise transformation to WSPN. He most recently served as EY’s Global Chief Innovation Officer from 2015 to 2024, where he spearheaded the firm’s global innovation initiatives and established EY’s advanced technology labs focusing on Artificial Intelligence, Blockchain, Quantum Computing, and Web3.
Prior to EY, Mr. Wong held leadership roles at eBay and JPMorgan Partners. He is a member of the Council on Foreign Relations, the Forbes Technology Council, and the founding Chair of Asia Society’s Technology and Innovation Council, helping drive the innovation and transformation agenda. He was also a member of the World Economic Forum’s Global Future Council on Innovation Ecosystems. He has previously served on the Oxford Foundry Board at Oxford University and the Advisory Board for AI4All. Mr. Wong is a recipient of the Outstanding 50 Asian Americans in Business award and an honoree of the A100 List by Gold House, recognizing individuals with Asian Pacific heritage who have made a significant impact on American culture and society.
“Joining WSPN at this pivotal moment in the stablecoin industry is incredibly exciting,” said Mr. Wong. “I look forward to contributing my experience in emerging technologies and enterprise transformation to help WSPN build the next generation of digital payment infrastructure.”
“Jeff’s appointment represents a significant strategic addition to WSPN,” said Raymond Yuan, Founder and CEO of WSPN. “His deep expertise in innovation management, enterprise transformation, and emerging technologies, combined with his leadership experience at global institutions, will be invaluable as we accelerate our market expansion and global development.”
About WSPN
WSPN is a leading provider of next-generation stablecoin infrastructure, committed to building a more secure, efficient, and transparent payment solution for the global economy. Their flagship product, WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims to optimize secure digital payments for Web3 users. WSPN’s Stablecoin 2.0 approach prioritizes user-centricity, community governance, and accessibility, paving the way for widespread stablecoin adoption.
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