Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Blockchain Press Releases

Zilliqa announces the formation of Zilliqa Group

Published

on

zilliqa-announces-the-formation-of-zilliqa-group

LONDON, Aug. 23, 2023 /PRNewswire/ — Zilliqa Research Pte. Ltd., developers of the high-performance, high-security, and low-fee Zilliqa blockchain, today announces the formation of the Zilliqa Group, an integrated group of businesses built to deliver vanguard Web3 and blockchain-based products and solutions. The Zilliqa blockchain will continue to serve as the core of the Group, providing world-class Web3 and blockchain infrastructure that underpins Group companies, as well as the thriving ecosystem of decentralised applications that comprise the wider Zilliqa ecosystem.

The transition to the Zilliqa Group will establish a unified structure across a range of key industry verticals, incorporating trusted solutions and innovative companies together with the resource base and team that continues to deliver world-class blockchain infrastructure at Zilliqa. Under the new framework, the Zilliqa Group will incorporate subsidiary companies under a single umbrella – including the recently spun-off gaming division, Roll1ng Thund3rz (RTz) – while creating a corporate framework for future soon-to-be-launched ventures across a range of verticals including the spatial web, loyalty, decentralised finance and more. The framework also emphasises the establishment of a unique services layer across the Group structure.

The Zilliqa Group’s transition will be overseen by a restructured board of directors. Mark Hemsley, transitioning from his Chairmanship of Zilliqa Research, will serve as the Chairman for the Zilliqa Group. The board will also feature the continued involvement of Zilliqa co-founder Juzar Motiwalla, who will retain his role as a Director.

Joining Hemsley and  Motiwalla on the newly-formed board is Zilliqa co-founder Max Kantelia. Kantelia’s inclusion signifies a crucial development in the transition process, his expertise and successful track record of advising businesses – both inside the Zilliqa ecosystem and beyond – will be instrumental in guiding the future path of all of the businesses that comprise the newly formed Group. Kantelia’s addition will bring new opportunities and drive revenue growth across the Group in areas as diverse as luxury goods and corporate social responsibility.

The day-to-day corporate affairs and decision-making for Zilliqa Group will be streamlined with the formation of a CEO Office, intended to instil a federated approach to the Group’s governance. Group CEO Matt Dyer,  Zilliqa CTO Richard Watts comprise the initial membership of the CEO Office, together with  Sandra Helou, who has been appointed as the GCC lead for Zilliqa Group – the first formal commitment from the Group towards its expansion plans across the GCC region.

Advertisement
Stake.com

To find out more about Zilliqa Group, visit www.zilliqa.group

Speaking on today’s announcement, Mark Hemsley, Chairman of Zilliqa Group, said:

“The formation of Zilliqa Group signifies a landmark moment in our journey. By integrating our range of businesses, we are not only strengthening our position in a fast-moving and competitive space, but charting a new course that will see us spearheading advancements in the Web3 and blockchain spaces for many years to come.”

Also commenting, Matt Dyer, CEO of Zilliqa Group, said:

“With the inception of Zilliqa Group, we are casting a vision that goes beyond the current paradigms of blockchain technology. This transition is our pledge to every developer, innovator and user out there – that we will consistently pioneer, adapt and deliver solutions that don’t just meet the current demands of the market, but set new benchmarks for excellence for the entire industry.”

Advertisement
Stake.com

Co-founder of Zilliqa and new board member of Zilliqa Group, Max Kantelia, added:

“The expansive vision and mandate for the newly formed Zilliqa Group is one that resonates deeply with me – both personally and professionally. I’m excited about the opportunity to work closely alongside existing businesses within the Zilliqa ecosystem and help to grow our presence into all-new areas brimming with potential. Today marks the first step on our collective journey and I can’t wait to see the results that our unified approach brings as the Zilliqa Group.”

About Zilliqa Group

Zilliqa Group, formerly Zilliqa Research Pte. Ltd., provides world-class Web3 and blockchain infrastructure as its core. The Group’s mission is to facilitate industries, governments, and entrepreneurs’ seamless transition into Web3 and the spatial web, delivering secure and sustainable solutions that drive the creation of immersive products and experiences.

About Zilliqa Blockchain

Advertisement
Stake.com

Zilliqa is a high-performance, high-security, and low-fee layer-1 blockchain platform. Engineered by Zilliqa Group, the blockchain serves as a versatile foundation that facilitates a broad array of Web3 applications and services across a multitude of sectors, providing a robust platform for emerging developers and established enterprises alike.

View original content:https://www.prnewswire.co.uk/news-releases/zilliqa-announces-the-formation-of-zilliqa-group-301907940.html

Continue Reading

Blockchain

Blockchain Firm Squad Labs Raises $10 Million for Smart Wallet

Published

on

blockchain-firm-squad-labs-raises-$10-million-for-smart-wallet

Squad Labs announced that its Series A funding round, led by Electric Capital with participation from RockawayX, Coinbase Ventures, L1D, Placeholder, and Mert Mumtaz, will propel the launch of its Fuse smart wallet. The company aims to establish Fuse as a premier solution for securing and compounding personal digital wealth amid the growing onchain economy.

According to the company’s news release on June 12, smart accounts and smart wallets are gaining traction across blockchains as they offer a more intuitive, secure, and programmable user experience. Fuse abstracts seed phrases and provides features like wallet recovery, 2FA capabilities, and enterprise-level security for personal custody, simplifying the choice of storing digital wealth on-chain.

In addition to securing funding, Squad Labs also announced the public testing launch of Fuse on iOS. This move is part of their strategy to expand accessibility and refine functionality ahead of a full market release.

Meanwhile, a recent report from PYMNTS Intelligence explores blockchain’s role in enhancing cross-border payments. It suggests that integrating blockchain can streamline payment processing, enable digital-to-fiat currency conversion, and introduce stablecoins for faster and cost-effective cross-border transactions. Business-friendly decentralized finance (DeFi) solutions further automate and secure transactions via smart contracts, reducing dependence on traditional payment systems and enhancing security and transparency.

Advertisement
Stake.com

The report underscores the significance of educating businesses and end-users about the benefits of blockchain-based cross-border payments. It advocates for partnerships with FinTechs and proactive engagement with financial institutions to drive adoption and improve industry-wide support for blockchain technologies in payments.

Overall, Squad Labs’ funding round and Fuse’s development represent strategic advancements in blockchain technology aimed at enhancing digital wealth management and transforming cross-border payment landscapes.

Source: pymnts.com

The post Blockchain Firm Squad Labs Raises $10 Million for Smart Wallet appeared first on HIPTHER Alerts.

Advertisement
Stake.com
Continue Reading

Blockchain

TON Blockchain Surpasses Ethereum in Daily Active Users

Published

on

ton-blockchain-surpasses-ethereum-in-daily-active-users

Ethereum’s comparative underperformance relative to TON can be attributed to several factors, notably the migration of a significant portion of its user activity to layer 2 scaling solutions. These solutions were not factored into the comparison with TON.

During a week marked by global crypto market fluctuations and cautious investor sentiment, The Open Network (TON), backed by Telegram, has seen substantial growth in user activity, surpassing Ethereum in daily active users.

Since the beginning of the month, TON and Ethereum have been closely vying for user engagement. However, leveraging Telegram’s extensive user base of 900 million, TON has consistently outpaced Ethereum for ten consecutive days starting June 1.

On June 3, TON achieved a significant milestone with 568,300 daily active addresses (DAAs), according to Artemis data. In contrast, Ethereum has not reached this level of activity since September 13, 2023.

Advertisement
Stake.com

Delving Deeper
Ethereum’s apparent lower activity compared to TON can be attributed to various factors, including the adoption of layer 2 scaling solutions designed to enhance transaction throughput and reduce fees by processing transactions off the main Ethereum blockchain.

Consequently, the majority of Ethereum’s transactional activities have shifted to these layer 2 networks.

For instance, on June 11, the top three Ethereum layer 2 networks—Arbitrum, Base, and Optimism—collectively registered 1.3 million daily active addresses. This highlights that while Ethereum’s primary network may appear less active, substantial transactional volume is occurring on these secondary layers.

New Milestones and Market Performance
Despite the challenges of comparing directly with Ethereum, TON has demonstrated significant growth. Amidst the recent global market volatility, the network’s native token, Toncoin (TON), reached a milestone of $7.76 earlier this month, marking its highest valuation since launch.

Although Toncoin has since experienced a decline of over 12%, industry analysts remain optimistic about its future trajectory.

Advertisement
Stake.com

A pseudonymous analyst, “Crypto King,” has forecasted a potential rise to $10 for TON in the near term, citing its robust user base, rapid infrastructure development, and Telegram’s support.

Another expert, Alex Clay, shares this positive outlook, suggesting short-term price targets of $10.5 to $11.6 for TON despite broader market downturns.

Furthermore, data from Token Terminal indicates promising long-term indicators for TON, showing a 3.6% rise in fully diluted market capitalization, a 76.3% increase in token holders, and a 26.0% growth in revenue and fees over the past 30 days.

Despite a slight decrease in trading volume by 11.6%, these metrics underline a strong underlying growth trend for TON.

Source: coinspeaker.com

Advertisement
Stake.com

The post TON Blockchain Surpasses Ethereum in Daily Active Users appeared first on HIPTHER Alerts.

Continue Reading

Blockchain

Brickken is selected to participate in the European Blockchain Regulatory Sandbox

Published

on

brickken-is-selected-to-participate-in-the-european-blockchain-regulatory-sandbox

Brickken, a startup based in Barcelona at the forefront of real-world asset tokenization, has been chosen to participate in the European Blockchain and Distributed Ledger Technologies (DLT) Regulatory Sandbox. This initiative aims to establish legal clarity for decentralized technologies like blockchain by identifying legal and regulatory hurdles to deployment. It will provide confidential guidance, legal counsel, and regulatory expertise.

Facilitated by the European Commission, this program will enable regulators to deepen their understanding of cutting-edge blockchain technologies and foster dialogue between public institutions and private entities such as Brickken.

By joining the European Regulatory Sandbox, Brickken gains the opportunity to refine and enhance its solutions within a secure environment. This will bolster its credibility with institutional clients, market operators, and bond issuers, facilitating its expansion into new markets. Brickken seeks to become a strategic partner for various participants in capital markets, enhancing operational efficiency and promoting technological synergy in digital asset management.

Edwin Mata, CEO and co-founder of Brickken, expressed excitement about this selection, emphasizing:

Advertisement
Stake.com

“This opportunity validates our innovative approach to asset tokenization and allows us to collaborate closely with regulators and industry leaders to strengthen the blockchain ecosystem. The knowledge and experience gained in this regulatory sandbox will be invaluable for our future growth and success.”

Brickken’s inclusion in this sandbox marks a significant milestone in its mission to revolutionize the tokenization industry. Recently selected for PricewaterhouseCoopers’ Scale program for tokenization and digital assets, Brickken continues to advance blockchain adoption among institutional clients, banks, and capital markets. Additionally, the company has forged partnerships with industry leaders like Psalion and Chainlink, known for their real-world asset tokenization technology.

In collaboration with Coinbase, Brickken aims to set new standards in infrastructure and market structure for real-world asset tokenization. Leveraging Coinbase’s technology such as Wallet and Base, Brickken brings its expertise in tokenization and technology to build robust solutions.

Established in Barcelona in 2020 by Edwin Mata, Yassir Haouati, Bram Duindam, and Dario Lo Buglio, Brickken has experienced rapid growth, operating in over 14 countries and tokenizing assets exceeding 200 million euros. With a client base of over 50, the company has achieved over 100% growth compared to the previous year and is expanding into new verticals.

Brickken’s digital asset platform specializes in tokenizing financial instruments such as equity and debt, catering to entities of all sizes, asset types, and jurisdictions. Offering robust technological support, Brickken enables market entry without the need for proprietary technology development. This positions Brickken to serve diverse sectors including real estate, startups, institutions, venture capital funds, and family offices, facilitating efficient digitization and management of assets.

Advertisement
Stake.com

Source: cointelegraph.com

The post Brickken is selected to participate in the European Blockchain Regulatory Sandbox appeared first on HIPTHER Alerts.

Continue Reading
Advertisement
Stake.com
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE