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Blockchain Press Releases

Following Initial Backing From Coinbase Ventures, OKX Ventures, and Solana Ventures, Unite Secures $3 Million Seed Extension From Superlayer to Build Web3 Mobile Gaming Infrastructure

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  • Marc Andreessen, Yat Siu, Chris Dixon, Gary Vaynerchuk, Paris Hilton, Nas, Sahil Bloom, and Keisuke Honda-backed Web3 venture studio Superlayer has made a $3 million seed extension round investment in Unite.
  • Seed round investors include Coinbase Ventures, OKX Ventures, and Solana Ventures signal continued confidence in Unite’s innovative vision for the future of mobile gaming.
  • The funds will accelerate Unite’s mission to become the first Layer 3 blockchain solution for mass-market mobile games.

SINGAPORE, June 11, 2024 /PRNewswire/ — Unite, the pioneering Layer 3 blockchain solution for mass-market mobile gaming, today announced a successful $3 million seed extension round led by Superlayer, a leading web3 venture studio specializing in gaming and consumer applications.

Unite envisions the future of crypto being driven by mass-market consumer adoption, with mobile games at the forefront. Recognizing the immense potential of mobile games for web3 growth, Unite is introducing its end-to-end solution for players, game developers, and web3 communities. This initiative aims to provide a groundbreaking experience in next-generation mobile gaming by addressing the growth congestion in the current infrastructure offerings.

Superlayer shares Unite’s philosophy that gaming and consumer applications are pivotal to the mass adoption of web3. This investment will enable Unite to accelerate the development of its mobile gaming infrastructure, including its blockchain and node component, game development service SDK, wallet SDK, and the introduction of more innovative games. Superlayer is backed by renowned investors and celebrities, such as Marc Andreessen, Yat Siu, Chris Dixon, Gary Vaynerchuk, Sahil Bloom, Paris Hilton, Nas, and Keisuke Honda, among others.

Beyond this latest investment, Unite has received unwavering support and confidence from its seed round investors during its rebranding from Taki. Leading web3 VCs, including Coinbase Ventures, OKX Ventures, Solana Ventures, Gemini Frontier Fund, HTX Ventures, Kraken Ventures, Formless Capital and more, have affirmed their commitment to Unite’s vision. This strong endorsement highlights the belief in Unite’s potential to transform the mobile gaming industry.

Unite’s recent launch marks a strategic shift towards developing an innovative Layer 3 blockchain solution dedicated to enhancing the web3 mobile gaming experience. The company aims to support massive active user interactions on-chain and foster a sustainable revenue-backed economy model, driving growth within the web3 mobile gaming ecosystem.

The first half of 2024 has witnessed substantial growth in the web3 gaming sector, characterized by a surge in unique wallets and a consolidated fully diluted value of the sector. Despite these promising developments, Unite acknowledges the challenges ahead and remains steadfast in addressing them proactively.

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To facilitate web3 mobile gaming development, Unite plans to offer a comprehensive toolkit that includes an end-to-end L3 chain solution, a developer-friendly SDK, and a sustainable tokenomic model. These initiatives are designed to empower developers and cultivate a thriving web3 mobile gaming community.

In addition to infrastructure development, Unite is actively pursuing go-to-market strategies, partnerships, and community-building initiatives. Last week, Unite unveiled its highly anticipated inaugural season of the in-game airdrop campaign, demonstrating its commitment to community empowerment.

Weiwei Geng, CEO of Unite, expressed gratitude for the unwavering support of early investors, emphasizing the project’s vision to establish a sustainable web3 mobile gaming ecosystem: “With Unite’s infrastructure, developers can effortlessly launch web3 mobile games, enabling players to retain ownership of the value they have created in-game. This transformative approach not only benefits players but also opens new avenues for traditional mobile gaming to thrive in the web3 era.”

Unite remains dedicated to driving innovation in the mobile gaming industry and is excited to pioneer the next frontier of web3 gaming.

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.

Photo – https://mma.prnewswire.com/media/2435902/Unite_Secures__3m_investment_Superlayer.jpg
Logo – https://mma.prnewswire.com/media/2426952/Logo.jpg 

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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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