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Monotype announces deal to acquire Fontworks – an iconic Japanese Type Foundry

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Fontworks’ team, type inventory, IP, technology, and services will join global type specialist Monotype–Monotype’s first acquisition in Japan.

Acquisition to address increasing global demand for Japanese type design and deliver multiscript typefaces to Japanese creative professionals.

WOBURN, Mass., July 19, 2023 /PRNewswire/ — Type and technology specialist Monotype® has announced its planned acquisition of Tokyo-based Fontworks™, one of the most respected and best-known providers of Japanese type design, from SB Technology. The deal was also announced today by SB Technology, a listed company on the Tokyo Stock Exchange. The deal is scheduled to close in Q3 of 2023.

This will be Monotype’s first acquisition in Japan. Under the terms of the deal, Fontworks’ renowned team of 73 designers, engineers, sales, and administrative professionals, along with its impressive type library and its LETS™, Mojimo™, and FONTPLUS™ services, will join the Monotype family.

Fontworks’ extensive inventory, services and team expertise will allow Monotype to address the growing demand for premium Japanese type from creatives and customers around the world, while Monotype’s multiscript and acclaimed Latin typefaces, including Helvetica Now™, Neue Frutiger™, Gotham™, FF DIN™, and Avenir Next™, will support the needs of the dynamic Japanese market.

Fontworks was established in 1993 with a focus on creating a “new culture” through type and has been recognised internationally with prestigious awards from the Tokyo Type Directors Club and International Association for Universal Design. In 2002, the foundry launched the industry’s first ever font subscription service, Leading Edge Type Solution (LETS™), to make fonts more accessible for designers. 

Fontworks’ type design has helped shape Japanese culture for the last thirty years. Ninety-five percent of Japanese television stations use Fontworks’ fonts, and ninety-eight percent of the fonts used by Japan’s top 10 video game makers are from the Fontworks’ inventory. 

Fontworks’ inventory includes ‘new-classic’ Japanese typefaces such as Tsukushi™—a family of Japanese typefaces that began with Mincho (the Japanese equivalent of serif) in the early 2000s—comprising serif, sans serif, handwritten and display fonts.

Fontworks also distributes high-quality typefaces from foundries across Asia, including Iwata, Motoya, Yoon, and Founder, through LETS™.

Fontworks’ impressive inventory of 260 font styles will become part of the Monotype library, one of the world’s largest and most comprehensive collections of font styles, where it will join thousands of timeless classics, hand-crafted revivals, and original designs from many of the most innovative type designers and foundries in history.

Akira Kobayashi, 2022 Type Directors Club Medal winner and Creative Type Director at Monotype, said, “We are delighted to announce that Fontworks, one of Japan’s most prestigious type foundries, has joined the Monotype family. I’ve collaborated with Shigenobu Fujita and the Fontworks team for many years, so I know first-hand the depth of expertise and industry insight this partnership will bring to Monotype. Fontworks-designed typefaces have a special place in Japanese culture and we look forward to bringing Fontworks’ type excellence to even more creative professionals in Japan and beyond.” 

Ai Harada, CEO of Fontworks, said, “This acquisition marks an exciting new chapter for Fontworks, thirty years since the type studio was founded. Monotype has an unparalleled reputation as a global provider of quality type solutions, and we are excited to join a team who, like us, wake up every day thinking about type. As part of the Monotype family, Fontworks will be able to better support Japanese customers and ensure Fontworks’ type designs reach new audiences internationally. The international market for Japanese type is growing rapidly – together, Monotype and Fontworks will help accelerate it further.”

Shinichi Ata, President & CEO of SB Technology Corporation, said, “Fontworks is an outstanding, successful company and the team comprises a talented group of professionals. We are pleased that Fontworks will join the Monotype familya company that truly understands and values typography, technology, and its people.  I know Monotype and Fontworks will continue to innovate, create and champion Japanese typography in Japan and across the globe to support current and future customers.”

Ninan Chacko, CEO at Monotype, said, “I’m delighted that Monotype’s first ever acquisition in Japan is Fontworksa type studio that’s synonymous with premium Japanese type design and innovation. We live in an increasingly interconnected world where culture and commerce reach seamlessly across bordersso it’s essential that brands and creatives have access to truly global type solutions. We’re going to put Fontworks’ typefaces in the hands of even more creative professionals around the world and bring Monotype’s multiscript and Latin typeface library to Japanese creatives. Under our stewardship, Fontworks’ type designs will be continually updated to reflect the latest advances in type technologyan essential part of our mission to ensure type remains at the heart of creative culture across the world.” 

About Monotype
Monotype creates brands that matter with type, technology, and expertise. The company partners with leading foundries to deliver the broadest inventory of high-quality typefaces in the world for our customers. Monotype Fonts combines the world’s largest collection of award-winning type, the expertise of the most sought-after foundries and type designers and trusted and secure font management—all under a single agreement.

Further information is available here
Follow Monotype on Twitter, Instagram and LinkedIn.

Monotype®, Helvetica®, Frutiger®, Helvetica Now™, and Neue Frutiger™ are trademarks of Monotype Imaging Inc. and may be registered in the U.S. Patent and Trademark Office and certain other jurisdictions. Avenir Next™, DIN®, and FF DIN™ are trademarks of Monotype GmbH and may be registered in the U.S. Patent and Trademark Office and certain other jurisdictions. Gotham® is a trademark of The Hoefler Type Foundry, Inc. and may be registered in the U.S. Patent and Trademark Office and certain other jurisdictions.

About Fontworks
Fontworks maximizes the power of letters and, under the corporate philosophy of “Freedom with letters, more and more,” provides font functions and services suited to the times and environment. In 2002, Fontworks launched LETS (Leading Edge Type Solution), the industry’s first annual subscription-based font service in Japan, to make fonts more accessible and useful. Fontworks has contributed to shortening the distance between people around the world, between people and information, and between people and their creations.

Further information is available here.
Follow Fontworks on Twitter Instagram.

About SB Technology  
SB Technology has been at the core of the ICT services business within the SoftBank Group, under the management philosophy of “bringing happiness to people through the information revolution and creating the future with the power of technology”. SB Technology continue to challenge themselves in creating new value-added services with the power of technology. They provide cloud and security-based ICT services mainly to corporations and governmental agencies and utilize these technologies to promote the digital transformation and new business creation of their client companies.

Further information is available here.

Logo – https://mma.prnewswire.com/media/1741762/4170170/Monotype__Logo.jpg
Photo – https://mma.prnewswire.com/media/2157034/FontworksxMonotype_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/monotype-announces-deal-to-acquire-fontworks–an-iconic-japanese-type-foundry-301881348.html

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Binance Announces Adjustment of Tick Size for Spot Trading Pairs

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Binance, a leading cryptocurrency exchange, has announced adjustments to the tick size (the minimum change in the unit price) of specific spot trading pairs. These adjustments are aimed at enhancing market liquidity and improving the overall trading experience for users. The changes are scheduled to be completed by 05:00 (UTC) and 07:00 (UTC) on May 23, 2024.

Traders can find details about the tick sizes of all spot trading pairs on Binance in the platform’s Trading Rules. Importantly, the adjustment will not impact spot trading and related functionalities. API users will also observe changes in the tick size, and they can stay updated with the latest tick size using the GET /api/v3/exchangeInfo endpoint. Additional details and updates can be found in the API Changelog.

Existing spot orders will not be affected by the tick size update. Orders placed before the update will continue to be matched with the original tick size. However, traders are advised to adjust their trading strategies accordingly to avoid any unnecessary impact on their trading activities.

Binance emphasizes the importance of referencing the English version of the announcement for the most accurate and up-to-date information, as there may be discrepancies in translated versions. The exchange remains committed to providing a seamless trading experience and appreciates the support of its users. Users are reminded to exercise caution and make informed decisions when trading on the platform.

Source: blockchain.news

The post Binance Announces Adjustment of Tick Size for Spot Trading Pairs appeared first on HIPTHER Alerts.

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Blockchain

OKX Announces Support for New USDC Spot Trading Pairs

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According to an official announcement released on May 16, 2024, OKX will introduce new USDC trading pairs in the spot trading section between 7:00 am and 8:00 am UTC on May 20, 2024. This addition aims to broaden trading options for OKX users and contribute to the expanding USDC ecosystem.

In light of the risks associated with digital asset trading, OKX has issued a cautionary note to all users. They emphasize that information provided by OKX and third parties is for informational and educational purposes only. OKX does not guarantee the accuracy or completeness of any information and does not provide financial, investment, or other forms of advice.

OKX highlights the speculative nature and high volatility of digital assets, cautioning that they may become illiquid at any time, potentially resulting in the loss of the entire investment. Therefore, OKX advises users to conduct thorough research and assess their risk tolerance before engaging in digital asset trading.

For inquiries regarding the new USDC spot trading pairs or any other concerns, users can contact OKX through their support center or engage with the OKX team on various platforms. OKX’s proactive approach in addressing user inquiries and fostering community interaction underscores its commitment to user satisfaction and the overall growth of the crypto ecosystem.

Source: blockchain.news

The post OKX Announces Support for New USDC Spot Trading Pairs appeared first on HIPTHER Alerts.

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Blockchain

ShibaSwap rolls out major upgrade, moves to Shibarium

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ShibaSwap, the decentralized exchange (DEX) affiliated with the Shiba Inu ecosystem, has announced a significant upgrade by migrating to the Shibarium blockchain. This move is expected to introduce a range of new utilities for users, as stated in a recent press release.

The upgrade includes features such as a revamped dashboard, enhanced user experience, discovery charts for trending tokens, and an improved process for onboarding new tokens onto the DEX.

Lead developer Shytoshi Kusama expressed enthusiasm for the upgrade, highlighting its potential to empower DEFI innovators and facilitate community token interaction on Shibarium. Kusama also invited the community to explore the new swap and encouraged existing Shibarium tokens to transition to the platform seamlessly, while assuring that further updates are in the pipeline.

A portion of transaction fees will be utilized to enhance liquidity pool (LP) value in swap transactions, benefiting users and the yield farming community, according to the press release.

The upgrade rollout will prioritize enhancing discovery and can be expected to include more regular updates and upgrades, as noted by fellow developer and contributor Kaal.

The upgrade aims to minimize gas fees and ensure faster transactions, in addition to supporting various segments of the Shiba Inu Ecosystem, including $SHIB and $LEASH tokens, SHEboshis DN-404 tokens, SHIB The Metaverse, ShibaSwap DEX, and the Shiba Eternity game.

Shibarium’s layer 2 mainnet, launched in August 2023, saw the creation of 21 million wallets and was trialed by millions of users. It introduced a new consensus mechanism called proof-of-participation (PoP), which selects validators based on their holdings of the associated cryptocurrency.

As of the latest data, the price of SHIB stands at $0.0002548, reflecting an almost 7% increase in the last 24 hours, with SHIB being the 11th largest in terms of market cap, according to CoinMarketCap.

Source: cointelegraph.com

The post ShibaSwap rolls out major upgrade, moves to Shibarium appeared first on HIPTHER Alerts.

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