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Blockchain Press Releases

Scaling New Heights: Protocol Labs Joins Forces with Edgevana to Propel Filecoin’s Storage Capacity

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$5 million Target Crowdfunding Campaign Aims to Amplify Storage Capacity and Access

PALO ALTO, Calif., Aug. 3, 2023 /PRNewswire/ — Protocol Labs, an open-source R&D lab that builds protocols, tools, and services to radically improve the internet, today announced a partnership with Edgevana, a company revolutionizing frictionless protocol participation. The collaboration aims to scale Filecoin’s storage capacity to new heights. In a testament to their commitment to the initiative and ongoing support for Edgevana, Protocol Labs has pledged an initial investment of $500,000 towards creating a seamless onboarding flow to attract more storage providers (SPs).

IDC’s Global DataSphere Forecast projects global data production and replication will reach 181 zettabytes in 2025 — an increase from 64.2 zettabytes of data in 2020, a tenfold increase from 6.5 zettabytes in 2012. The explosive growth of data in recent years has necessitated the need for scalable and reliable storage solutions, and Filecoin decentralized storage network has emerged as a groundbreaking decentralized protocol that harnesses the power of blockchain technology. Recognizing the tremendous potential of Filecoin to transform data storage, Edgevana and Protocol Labs have joined forces to expedite the protocol’s expansion and meet the evolving digital landscape needs.

This collaboration between Edgevana and Protocol Labs showcases a shared commitment to democratizing access to data storage and fostering innovation within the decentralized ecosystem. By leveraging Edgevana’s expertise in cloud infrastructure and Protocol Labs’ cutting-edge technology, the partnership aims to redefine the boundaries of what is possible in the realm of decentralized storage.

“We are thrilled to partner with Protocol Labs in this groundbreaking initiative,” said Subhan Jahromi, Co-Founder and COO of Edgevana. “The exponential growth of data presents unprecedented challenges, and by combining our resources and expertise, we believe we can take Filecoin to new heights, by creating a seamless experience to attract new storage providers to the Filecoin network, setting a benchmark for decentralized storage solutions.”

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Stefaan Vervaet, Head of Network Growth at Protocol Labs, stated: “Our aim is to help entrepreneurs by reducing the onboarding friction as a new storage provider, enabling them to focus on building the new disruptive services that will help catapult Filecoin and Web3 into the enterprise market. We are excited to see the new Edgevana program come to life and the support and innovation it will foster for new entrants looking to enter the Filecoin ecosystem.”

The crowdfunding campaign is set to launch on August 10, 2023. Participants will have various options to contribute via different tiers. Detailed information about the campaign, including how to participate, will be available on the official websites of Edgevana (https://nebula.edgevana.com/).

About Protocol Labs

Protocol Labs is an open-source research, development, and deployment laboratory that builds protocols, tools, and services to radically improve the internet. Protocol Labs’ projects that are designed to fortify and democratize the web include IPFS, Filecoin, libp2p, and more. A fully distributed organization,  Protocol Labs is dedicated to driving breakthroughs in computing to push humanity forward.

About Edgevana

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Edgevana is a platform that powers the next generation of the internet for everyday users with simplicity in mind. Users can access and participate in multiple protocols with our one-click-to-deploy features, exclusive incentive programs, and our partnership marketplace which creates a one-stop-shop experience to drive both Web2 and Web3 ecosystem adoption. For more information, visit www.edgevana.com.

 

View original content:https://www.prnewswire.co.uk/news-releases/scaling-new-heights-protocol-labs-joins-forces-with-edgevana-to-propel-filecoins-storage-capacity-301892658.html

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Blockchain Press Releases

HTX Appoints Singapore National Goalkeeper Hassan Sunny as Chief Safeguarding Officer

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SINGAPORE, June 15, 2024 /PRNewswire/ — HTX, a leading cryptocurrency exchange, proudly announces the appointment of Singapore national football team goalkeeper Hassan Sunny as Chief Safeguarding Officer.

“The partnership between HTX, the ‘People’s Exchange’, and Hassan Sunny, the ‘People’s Goalkeeper’, is a perfect match,” said Justin Sun, Member of the HTX Global Advisory Board. “Together, we will work to ensure the safety and security of user assets in the ever-evolving crypto world. Just as Sunny fearlessly protects his goal on the field, HTX is committed to protecting every user’s assets with the same determination and resolve, providing the safest and most reliable investment environment possible.”

Sunny also expressed his excitement about joining the HTX family, stating “I am excited to be part of HTX. I can’t wait to embark on this journey with the team.”

Sunny has been called a national hero in China for his outstanding performance in the final group match of the first round of the 2026 FIFA World Cup Asian Qualifiers against Thailand on June 11th. Despite facing relentless attacks, Sunny made an incredible 11 saves, including a crucial one in stoppage time. Singapore ultimately lost the match 1-3, but their result helped China qualify for the next round at the expense of Thailand.

About HTX:

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Founded in 2013, HTX has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investment, incubation and other areas. HTX serves millions of users worldwide, with a business presence covering over 160 countries and regions across five continents. Its three development strategies – “global development, technology drives development, and technology for good” underpin its commitment to providing comprehensive services and values to global cryptocurrency enthusiasts.

 

View original content:https://www.prnewswire.co.uk/news-releases/htx-appoints-singapore-national-goalkeeper-hassan-sunny-as-chief-safeguarding-officer-302173558.html

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New seed-stage VC fund from Finland secures €6 million in initial close for €30 million blockchain fund

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Helsinki-based Equilibrium Ventures (EQV), a new seed-stage venture capital fund focused on the crypto sector, has successfully closed the first round of its €30 million fund, raising €6 million from limited partners (LPs). This milestone highlights growing interest in blockchain startups and a promising future for the European crypto ecosystem.

The fund is led by an experienced team of partners: Mika Honkasalo, Henrik Sundvik (formerly of Bain & Company), and Christopher Ahn (ex-Molten Ventures investor). Equilibrium Ventures aims to attract and support founders with deep technical expertise in blockchain technologies, covering areas such as zero-knowledge proofs and smart contracts, essential for developing advanced blockchain solutions.

Equilibrium Ventures has attracted a diverse group of backers, including strategic investors, family offices, and notable LPs like Sebastien Borget, co-founder of the metaverse platform The Sandbox. This support underscores the fund’s credibility and signals growing confidence in crypto investments despite recent market challenges.

Dedicated to crypto infrastructure, Equilibrium Ventures emphasizes rigorous technical due diligence and value addition for pre-seed and seed engineering firms. With a network of about 70 blockchain engineers, mainly based in Europe, the fund is well-positioned to help startups develop robust blockchain technologies.

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The renewed interest in venture capital investment in blockchain, bolstered by evolving regulatory landscapes in the US and Europe, is expected to increase investor confidence in the crypto sector. Equilibrium Ventures, with its technical expertise and strategic support, is poised to become a significant player in Europe’s crypto venture scene.

Looking ahead, Equilibrium Ventures aims for a second close by the end of this summer, targeting 80% of the total fund. This progress indicates strong momentum and the potential for significant contributions to the European blockchain ecosystem.

Source: arcticstartup.com

The post New seed-stage VC fund from Finland secures €6 million in initial close for €30 million blockchain fund appeared first on HIPTHER Alerts.

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Riot Platforms Acquires 14% Stake in Bitfarms Ltd.

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Riot Platforms, Inc. has announced its acquisition of a 14% stake in Bitfarms Ltd., as detailed in a recent press release by Riot Platforms. This move aligns with Riot’s strategy to influence corporate governance within Bitfarms.

Acquisition Details

On June 13, 2024, Riot Platforms purchased 1,432,063 common shares of Bitfarms Ltd., representing about 0.35% of Bitfarms’ issued and outstanding common shares. The shares were bought on the Nasdaq Stock Market and other open markets at an average price of approximately $2.70 per share, totaling $3,870,293.46.

Before this acquisition, Riot held 56,194,973 common shares of Bitfarms, equating to 13.65% ownership. With the new shares, Riot now holds 57,627,036 common shares, resulting in a 14% stake in Bitfarms.

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Strategic Intentions

Riot Platforms intends to call a special meeting of Bitfarms’ shareholders to nominate several independent directors to the board, citing concerns over Bitfarms’ corporate governance. Riot seeks to influence Bitfarms’ strategic direction and enhance its governance standards.

Riot is continuously reviewing its investment in Bitfarms and may adjust its position based on factors such as market conditions and the company’s financial status. Potential actions include increasing or decreasing its stake, entering into hedging transactions, or proposing additional strategic measures.

Forward-Looking Statements

The press release includes forward-looking statements subject to risks and uncertainties, reflecting Riot’s current expectations and assumptions. Riot cautions investors to consider these risks before making investment decisions.

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Riot’s vision is to become the leading Bitcoin-driven infrastructure platform, focusing on a vertically integrated strategy with Bitcoin mining operations in Texas and electrical switchgear engineering in Colorado.

Source: blockchain.news

The post Riot Platforms Acquires 14% Stake in Bitfarms Ltd. appeared first on HIPTHER Alerts.

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