Blockchain Press Releases
Digital Scent Technology Market Size to Grow USD 354.7 Million by 2029 with a CAGR of 14.9% | Valuates Reports
BANGALORE, India, Aug. 4, 2023 /PRNewswire/ — The Global Scent Technology Market is Segmented by Type (E-nose, Scent Synthesizer), by Application (Entertainment, Education, Food & Beverage, Healthcare, Communication): Global Opportunity Analysis and Industry Forecast 2023 – 2029.
Due to the COVID-19 pandemic, the global Digital Scent Technology market size is estimated to be worth USD 132.7 million in 2022 and is forecast to a readjusted size of USD 354.7 million by 2029 with a CAGR of 14.9% during the forecast period 2023-2029.
Major Factors Driving the Growth of the Digital Scent Technology Market
More and more industries, including entertainment, gaming, marketing, and virtual reality, require more advanced sensory experiences. The incorporation of olfactory sensations into these experiences is made possible by digital scent technology, making the environment more realistic and immersive. This factor is expected to drive the growth of the Digital Scent Technology market
The medical industry is currently exploring the potential of digital scent technology for therapeutic applications, such as treating specific mental illnesses and enhancing memory. Therefore, the need for sensory enhancement, immersive experiences, and creative applications across various industries is driving the growth of the global digital scent technology market.
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TRENDS INFLUENCING THE GROWTH OF DIGITAL SCENT TECHNOLOGY MARKET:
e-nose technology development and expanded applications: Numerous more advantages, including anomaly detection and pattern identification, are driving up demand for e-nose. The e-nose can identify odor nuisance risks or other gas-related dangers by detecting changes in the composition of the air. The e-nose will inform users of unusual air conditions by adding alarm levels. Signal patterns produced by e-noses are related to the exposed gas composition. It makes an attempt to determine the type of gas composition that resulted in an odd air composition. Additionally, the use of small, transportable, and Internet of Things-enabled e-noses and platforms has increased recently. This factor is expected to drive the growth of the digital scent technology market.
The use of fragrance in various gaming contexts can improve a game’s narrative capabilities. With the use of digital smell technology, players may sense the scent of the forest, the burning wood in the fireplace of the mansion, or the garden’s flowers. varied gaming areas have varied backdrops. The game experience gains a completely new dimension as a result, making it more interesting and fun. New games with a scent-focused theme may now be made thanks to digital smell technology. This factor is expected to drive the growth of the digital scent technology market.
Smell has been shown to help people remember things better and improve their memory. When learning materials are combined with digital scent technology, teachers can offer students a multimodal experience that can enhance their information retention. Second, greater participation. This factor is expected to drive the growth of the digital scent technology market.
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DIGITAL SCENT TECHNOLOGY MARKET SHARE
Alpha MOS, AIRSENSE Analytics, Odotech, Electronics Sensor Technology, and Owlstone are the top 5 producers of digital scent technology, together holding roughly 72% of the market.
In 2020, the market for digital smell technology was dominated by North America. Due to the presence of many important players in the area, North America is anticipated to continue to dominate the market over the projection period. The market is being driven by a number of key factors, including increased customer adoption of enhanced digital services, the use of biosensors for disease early detection, strict US regulations governing indoor air quality, and significant advancements in e-nose technology with regard to applications in the agricultural and medical sectors.
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Key Companies:
- Alpha MOS
- AIRSENSE Analytics
- Odotech
- Electronics Sensor Technology
- Owlstone
- Sensigent
- The eNose Company
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SIMILAR REPORTS
– Scent Synthesizer and E-Nose Product market was valued at USD 41 million in 2022 and is anticipated to reach USD 74 million by 2029, witnessing a CAGR of 8.7% during the forecast period 2023-2029.
– AI Digital Scent Devices Market
– Digital Smell Technology Market
– Olfactory Technology Product market was valued at USD 237.6 million in 2022 and is anticipated to reach USD 1833.9 million by 2029, witnessing a CAGR of 33.5% during the forecast period 2023-2029.
– Digital Olfactory technology market was valued at USD 72 million in 2022 and is anticipated to reach USD 705.3 million by 2029, witnessing a CAGR of 38.0% during the forecast period 2023-2029.
– Floral Scented Candles Market
– Air Fresheners market was valued at USD 9074.7 million in 2022 and is anticipated to reach USD 11370 million by 2029, witnessing a CAGR of 2.8% during the forecast period 2023-2029.
– Virtual Reality Headsets market size is projected to reach USD 42100 million by 2027, from USD 9457.7 million in 2020, at a Compound Annual Growth Rate (CAGR) of 23.2% during the forecast period 2021-2027.
– Chemical Sensors market size was USD 28750 million and it is expected to reach USD 47700 million by the end of 2027, with a CAGR of 7.5% during 2021-2027.
– IoT Device Management market size is projected to reach USD 7668.1 Million by 2028, from USD 1783.2 Million in 2021, at a CAGR of 22.6% during 2022-2028.
– Digital Process Automation market size is projected to reach USD 11770 Million by 2027, from USD 6451.8 Million in 2020, at a CAGR of 8.5% during 2021-2027.
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DUBAI, UAE, March 12, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency, celebrates financial innovation with the Bybit USDT Festival in a series of events catering to diverse users. From Bybit Card holders to trading pros, Bybit users and community members are sharing over 1.5 million USDT in prizes through various rewards programs.
Festival Highlights
- USDT Derivatives Trading Challenge
Half a million USDT await qualified traders in USDT options and futures at the 500K USDT Derivatives Trading Challenge from now to Mar. 31, 2025. Participants will receive USDT bonuses based on their contributions to the total trading volume, regardless of profit and loss percentage. This inclusive structure allows both individual and institutional traders to earn additional rewards from the 500K USDT prize pool alongside their trading profits.
- Spending Smart with the Bybit Card
As part of the USDT Festival, the Bybit Card will activate a limited-time offer for eligible new users. In addition to the 10% cashback exclusive offer for newcomers, successful new applicants will also gain an instant 10 USDT cashback by simply signing up and spending at least 200 USDT or its equivalent. Between Mar. 10 and Mar. 31, 2025, users can maximize their rewards by setting USDT as the default cashback option for future transactions.
- Bybit Learn: Read-to-Earn USDT Festival Special
Bybit users will be able to take advantage of Bybit Learn’s Read-to-Earn program and enroll in USDT-themed courses for Bybit Earn and Bybit P2P for extra rewards. Starting this March, Bybit Learn will set aside an additional 20,000 USDT for eligible participants.
- Social and Community Giveaway
Bybit fans on official social media and Telegram channels are in for surprises in mini interactive giveaways with 40,000 USDT in prizes throughout March.
- All-Things USDT at Bybit: USDT Festival Livestream
To find out all about the USDT-related benefits and programs at Bybit this spring, users may watch the replay of the USDT Festival livestream featuring speakers from Bybit’s product team, wealth management unit, VIP team, and Bybit Card. Designed to empower traders with expert insights and exclusive opportunities, the livestream was a deep dive into advanced USDT trading strategies, market trends, and an overview of the exclusive perks and competition mechanisms of the USDT Festival.
- TradeMasters Grand Prix 2025 Series 1
High-stake traders have concluded the USDT-themed March TradeMasters Grand Prix in its first instalment of 2025, dividing up a 1 million USDT prize pool.
“The USDT Festival represents our commitment to educating and empowering traders in the dynamic cryptocurrency market,” says Joan Han, Sales and Marketing Director at Bybit. “Stablecoins are facilitating financial opportunities for millions of people and businesses around the world, achieving instant finality and unparalleled cost efficiency. USDT’s utility is its strength, and we are supporting our users in seeking opportunities in the stablecoin ecosystem through Bybit’s powerful platform and offerings,” she said.
USDT is a leading stablecoin that has maintained a $1 peg to the US dollar since its launch in 2014. With a market capitalization exceeding $140 billion at the time of writing, USDT is the most widely traded stablecoin and plays a critical role in the cryptocurrency ecosystem. USDT’s deep liquidity makes it a bridge between fiat currencies and digital assets, enabling seamless transactions and trading within the decentralized finance (DeFi) space.
#Bybit / #TheCryptoArk
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.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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Blockchain Press Releases
AB DAO Accelerates Global Expansion: Now AB Listed on BitMart & HTX AMA to Explore the Future of Web3
SINGAPORE, March 12, 2025 /PRNewswire/ — AB DAO announced today that $AB has been officially listed on BitMart (bitmart.com). Next, $AB will soon be listed on Lbank (lbank.com) and Biconomy (biconomy.com), further enhancing global liquidity and ecosystem influence.
At the same time, AB DAO has been invited to participate in HTX AMA, discussing AB public chain technology innovation, Real-World Asset (RWA) integration, and Web3 ecosystem development prospects.
BitMart $AB Trading Details
Trading Pair: AB/USDT
Deposit Opening: March 12, 2025, 17:00 (UTC+8)
Trading Opening: March 13, 2025, 17:00 (UTC+8)
Withdrawal Opening: March 14, 2025, 17:00 (UTC+8)
BitMart Official Announcement:
https://bitmart.zendesk.com/hc/en-us/articles/34819457308187
HTX AMA: AB Public Chain and the Future of Community Governance
As part of its global expansion, AB DAO has been invited to join the HTX AMA to explore key topics such as Layer-1 blockchain competitiveness, AB’s innovations in Real-World Assets (RWA), cross-chain interoperability, and DAO governance models.
Event Time: March 13, 2025, 20:00 (UTC+8)
AMA Topic: AB Public Chain: Unlocking the Future of Community Governance
AMA Details & Participation Link:
https://www.htx.com/en-us/live/detail/h5?id=67746&invite_code=sbs66223&inviter_id=11351630
AB DAO Global Ecosystem Continues to Expand
$AB is now available on the following exchanges:
Bitget (bitget.com)
HTX (htx.com)
MEXC (mexc.com)
BingX (bingx.com)
BitMart (bitmart.com)
Hotcoin (hotcoin.com)
UEEx (ueex.com)
4E (eeee.com)
Coming Soon:
Lbank (lbank.com)
Biconomy (biconomy.com)
The listing of $AB on BitMart marks another major step in AB DAO’s global expansion strategy. In the coming months, AB will continue listing on more exchanges, expanding its ecosystem use cases and accelerating worldwide adoption.
AB DAO’s Goal: 100 Million $AB Holders
Stay Updated with AB DAO
Official Website: https://ab.org
Telegram Global Community: https://t.me/Newtonproject
Telegram Chinese Community: http://t.me/ABgonglian
Telegram English Channel: https://t.me/AB202528
X (Twitter): https://x.com/ABDAO_Global
Discord: https://discord.gg/BSbgK6J
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Blockchain Press Releases
BingX Welcomes DeepLink Protocol to Launchpool, Offering 6,666,667 DLC Tokens for Staking
PANAMA CITY, March 12, 2025 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, introduced DeepLink Protocol ($DLC) to its Launchpool, offering its users access to decentralized cloud gaming experience powered by AI and blockchain technology. The staking pools will open from March 14th for 4 days with a total allocation of 6,666,667 DLC tokens. This collaboration aims to accelerate the growth of the web3 gaming ecosystem by supporting the AI, DePIN and decentralized computing industry with cloud-based infrastructure.
Designed for applications like cloud esports, AAA gaming, and remote gaming setups, DeepLink Protocol is transforming cloud gaming on any device by integrating AI Agents, DePIN, decentralized GPU computing, and ultra-low latency cloud rendering into a seamless ecosystem. Supporting 8K visuals and a 1-millisecond response time, it delivers a seamless experience for over 2.7 million users across 120 countries.
Bringing DeepLink Protocol to BingX Launchpool enhances the platform’s value proposition by introducing a new dimension of blockchain-powered gaming. This integration enables BingX users to benefit from DeepLink’s innovative ecosystem at no cost while reinforcing the platform’s position at the forefront of Web3 advancements.
“At BingX, we are committed to connecting our users with the most promising innovations in the Web3 space,” said Vivien Lin, Chief Product Officer of BingX. “DeepLink Protocol represents a game-changing evolution. Through this Launchpool, we empower our users to access and benefit from emerging blockchain ecosystems while reinforcing BingX as a gateway to the future of decentralized applications.”
This Launchpool event gives users the opportunity to easily engage with DeepLink Protocol before its spot trading goes live. This new integration provides early access to innovative blockchain projects while reinforcing BingX’s commitment to bridging decentralized technology with real-world applications.
About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 20 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.
For more information please visit: https://bingx.com/
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