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Blockchain Press Releases

Unite: Leading The Charge in Web3 Gaming With Revolutionary Infrastructure and $2 Million In-Game Airdrop Campaign

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SINGAPORE, May 31, 2024 /PRNewswire/ — Taki Games, the leading player-owned web3 mobile gaming network, proudly announces its rebrand to Unite. This strategic move marks the launch of the first Layer 3 blockchain dedicated to seamlessly supporting mass-market web3 mobile games.

Two years ago, Taki introduced its first decentralized application, Taki Social, and built a robust community around it. Recently, the Taki community ventured into web3 gaming, achieving remarkable growth and market demand. Since January 2024, Taki’s gaming dApps have seen the creation of over 170,000 new unique wallets, the release of more than 100 games and mini-game collections, over 5 million downloads, and more than 300,000 monthly active users. These games and users are migrating to Unite.

Taki’s rebranding to Unite stems from recognizing the current infrastructure limitations in web3 mobile game development, such as high gas fees and network congestion. These issues hinder real-time data interactions and on-chain validation, resulting in poor web3 mobile dApp experiences and challenges for developers using traditional game development tools. To address these challenges, Unite aims to share its web3 game development expertise and tools with the broader community, transforming these best practices into vital steps towards web3’s first mass-market adoption.

Under the new Unite brand, these best practices and tools will be integrated into a comprehensive end-to-end Layer 3 blockchain solution for mass-market mobile games. Unite symbolizes the unification of stakeholders within the web3 mobile gaming ecosystem, including players, web3 communities, brands, mobile game developers, monetization partners, advertisers, and channel partners, all working together to drive rapid iteration and growth in web3 mobile gaming.

With over 2.8 billion mobile gamers worldwide and the traditional mobile gaming industry facing growth challenges, there is a significant market opportunity for web3 to welcome billions of new users. The Unite team, leveraging its deep understanding of the mobile gaming industry and web3 technologies, aims to upgrade the mobile gaming sector and achieve broad market scalability for web3.

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Unite will gradually release the details of its Layer 3 blockchain solutions for web3 mobile games. These include:

  • Unite blockchain and node components
  • A decentralized physical infrastructure (DePin) centered on mobile devices
  • A seamless web3 mobile game wallet solution SDK
  • Game development service SDKs supporting engines like Unity, Cocos, React Native, Flutter, and HTML5
  • Web3 mobile game publishing, and user growth strategies.

These tools and best practices will significantly enhance web3 mobile gaming experiences, improve game development efficiency, and provide sustainable economic models to expand and increase web3 gaming user bases.

The Unite leadership team boasts over 50 years of combined experience in the gaming industry. Unite CEO Weiwei Geng led the development of top-grossing games that generated over $400 million in revenue. Unite co-founder Kevin Chou is a serial entrepreneur who founded Kabam, known for creating successful mobile game titles like “Marvel Contest of Champions.” Kabam was acquired for $1 billion in 2017 by Korean mobile game giant Netmarble and FoxNext Games, marking one of the largest gaming industry acquisitions of that time.

Unite CEO Weiwei said: “Mobile games are a viable path forward for the mass adoption of web3. We have seen this trend more clearly with our recent success in launching a series of web3 mobile games. However, the current infrastructure limits the growth of such potential. Therefore, we can leverage our team capability and everything we’ve built so far to address these challenges and bring web3 to the mass market.”

As part of its launch, Unite also announces its inaugural in-game reward season in its flagship mobile game, Mom’s Kitchen, boasting over 500,000 downloads world-wide. Players can earn Unite points through gameplay and interactions, which can be redeemed for rewards later. Unite has allocated over $2 million dollar worth of rewards for this event, and players can learn more by following Unite’s community announcements.

About Unite

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Unite is on a mission to build the first Layer 3 blockchain solution for mass-market mobile games, targeting the 2.8 billion players and the $90 billion revenue generated from the mobile game market. Focused on enhancing player experience with in-game earning capabilities, Unite offers a comprehensive L3 solution encompassing chain, client, ecosystem and establishing a decentralized physical infrastructure (DePin) built on billions of daily active mobile devices worldwide.

Founded by veterans in mobile, gaming and web3 infrastructure who served as founders and executives of some of the biggest names, Unite is leading the innovation to the mobile games.

For more information, visit Unite’s official website, follow us on Twitter, and join the Unite Discord community.

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Cision View original content:https://www.prnewswire.co.uk/news-releases/unite-leading-the-charge-in-web3-gaming-with-revolutionary-infrastructure-and-2-million-in-game-airdrop-campaign-302160610.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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Blockchain

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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Blockchain

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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