Blockchain
Cypherpunk Holdings Inc. Invests in Next-Generation Hardware Wallet Company NGRAVE
Toronto, Ontario–(Newsfile Corp. – December 30, 2020) – Cypherpunk Holdings Inc. (CSE: HODL) (“Cypherpunk” or the “Company“) is pleased to announce that it has completed a convertible note investment in NGRAVE.IO (“NGRAVE“). NGRAVE’s flagship product “ZERO” – also known as “The Coldest Wallet” – is a fully offline hardware wallet that features the world’s highest security certification, EAL7, for its secure operating system.
Under the terms of the transaction, Cypherpunk Holdings invested an initial €100,000 via a convertible loan agreement which also includes the right to participate in NGRAVE’s Series A financing round for an additional undisclosed amount, which is expected in first quarter 2021.
The ZERO is the most secure hardware wallet ever made, and the corner stone of NGRAVE’s impenetrable security ecosystem. Conceptualised and built from scratch in close collaboration with world leading institutes in chip manufacturing, applied cryptography, and hardware security, the ZERO comes with an unparalleled level of inherent anti-tampering. The ZERO is completely offline, from secret key generation to transaction signing, keeping your holdings away from any online attack vector.
Belgium-based NGRAVE is a digital asset and blockchain security provider offering a secure and user-friendly end-to-end solution for the management of individuals’ and businesses’ digital assets and cryptocurrencies. Additionally, the company introduces multiple innovations with GRAPHENE, the industry’s first recoverable and encrypted backup.
Commenting on the investment, Cypherpunk Holdings President and CEO, Antanas “Tony” Guoga, stated, “The NGRAVE team has a significant lead over comparable competition in the space and they provide an excellent complement to our existing portfolio of secure privacy-based wallets. This initial investment into NGRAVE sets the stage for our continued participation in the company’s future growth.”
As the sector leader for privacy-technology wallet investments, Cypherpunk Holdings will also contribute advice and expertise on rapid management team development and matters of corporate governance. The Cypherpunk Holdings management team is led by investor, serial poker champion and former member of European Parliament Tony Guoga as CEO, with Moe Adham serving as Chief Investment Officer and Jon Matonis serving as Chief Economist. Moe is the founder and CEO of Canadian ATM leader Bitaccess. Jon is a founding Director of the original Bitcoin Foundation and previously Head of Foreign Exchange Trading at VISA International.
NGRAVE’S CEO, Ruben Merre added, “In Cypherpunk Holdings, we believe we have found not only an investor, but a strategic partner with whom we share common interests and goals regarding privacy. Cypherpunk Holding’s ticker symbol ‘HODL’ is an interesting word play on the most effective use case of ZERO: keeping your crypto safe for the long term. We look forward to working together as we continue to grow the business of NGRAVE.”
NGRAVE previously made headlines by onboarding Jean-Jacques Quisquater, legendary cryptography professor and second reference of the bitcoin paper, to its team, as well as raising a record amount of more than 450KUSD in sales through its Indiegogo pre-order campaign in June 2020.
Cypherpunk Holdings Inc. invests in the companies, technologies and protocols which enhance or protect privacy. Its strategy is to make targeted investments in businesses and assets with strong privacy, often within the blockchain ecosystem, including select cryptocurrencies. Cypherpunk’s common shares trade on the Canadian Securities Exchange under the symbol(CSE: HODL). For further information on NGRAVE, please contact [email protected].
Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable securities laws. Generally, any statements that are not historical facts may contain forward-looking information, and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or indicates that certain actions, events or results “may”, “could”, “would”, “might” or “will be” taken, “occur” or “be achieved”. Forward-looking information includes, but is not limited to the Company’s goal of making investments in businesses and assets with strong privacy, within the blockchain ecosystem, including select cryptocurrencies, or otherwise and enhancing value. There is no assurance that the Company’s plans or objectives will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. There can be no assurance that such forward- looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to forward-looking statements.
Investor Relations Contact:
Veronika Oswald
[email protected]
Cypherpunk Holdings Inc.
130 King Street West
The Exchange Tower, Suite 3680
Toronto, ON
M5X 1B1
Telephone: 416.599.8547
Website: cypherpunkholdings.com
Exverse, a free-to-play game bringing a fresh take on AAA first-person-shooters to Web3, announces the launch of its native $EXVG token on ByBit, a top-three crypto exchange by volume with over 20 million users. The ByBit launch will be followed by spot listings on the MEXC and Gate exchanges. Ahead of its full alpha launch in mid-May, Exverse hosted a soft-launch tournament for 5,000 early registrees on April 15 with cash rewards for top performers.
During the last bull run, Web3 games rose to prominence under the play-to-earn mechanism that made games like “Axie Infinity” so popular. As this model became widely replicated, many of these blockchain-based games prioritized the crypto elements at the expense of the actual game aspects. This trend could be seen in practice by many titles opting to undergo a token launch before even having a working demo, disincentivizing developers to build a quality game, and leaving users with no ecosystem or functioning game to play and spend or the native currency in.
With Exverse approaching its full launch, players can earn $EXVG by performing well while using the native token to enter matches, purchase premium items, and more. The $EXVG token builds on Exverse’s extensive beta and serves as the ecosystem’s currency while the game’s community witnessed a 20 percent growth in verified signups within a month. Supporting Exverse in their token launch are prominent launchpads and incubators that include Seedify, ChainGPT, and GameFi.
To build momentum for its upcoming alpha launch in mid-May, Exverse showcased its game by holding an exclusive deathmatch-style tournament for 5,000 early wait listers on April 15. The five-day tournament, which took place on the game’s ‘Battle Planet,’ gives players a chance to demonstrate their skills and win rewards via stablecoins and tokens. With $50,000 in total up for grabs, the top 100 performers earned at least $200. Top five finishers earnings were dispersed accordingly:
1st place: $4,000
2nd place: $2,000
3rd place: $1,500
4th and 5th place: $1,000
Built using Epic’s Unreal Engine 5, Exverse utilizes blockchain technology to strike a balance between enjoyable, realistic, and immersive real-time gameplay. The game prioritizes skill over pay-2-win mechanics, enabling players to earn rewards by staking tokens before a season’s kickoff. Top performers receive a share of profits from in-game NFTs such as cosmetics and skins.
To support the ecosystem’s development, expansion, and growth while rewarding the team and its early supporters, 400 million $EXVG will be minted.
“We are extremely excited about our token launch and proud to work with a great partner like ByBit to make it happen,” says Fei Ooi Hoong, CEO of Exverse. “We worked tirelessly to develop a diverse, engaging, and intuitive first-person shooter capable of revolutionizing how the public views blockchain-based gaming. Our talented team tapped into its background in traditional gaming to develop a rich and immersive gaming experience and then strategically implemented the NFT elements and in-game economics to enhance the user experience.”
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According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.
The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.
KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.
Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.
Source: cointelegraph.com
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Blockchain
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.
Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.
Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.
Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.
Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.
Source: blockchain.news
The post BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests appeared first on HIPTHER Alerts.
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