Blockchain
Canadian Cryptocurrency Exchange Biconomy, Together with Partner Fund LT Capital, Launches a Fund for $100M
Toronto, Ontario–(Newsfile Corp. – November 3, 2021) – Biconomy is one of the biggest Canadian cryptocurrency exchanges already online. Founded in 2019, the company has offices in Canada, the United Kingdom, Russia, Brazil, South Korea, and Japan.
Canadian Cryptocurrency Exchange Biconomy, together with partner fund LT Capital, launches a fund for $100M
It is a leading exchange that provides professional and secure trading experiences to 500k+ registered users and 200k+ active community members around the world through its products and services designed specifically for cryptocurrencies.
Biconomy is very actively developing its ecosystem. Most recently, it released a launchpad for GameFi, NFT, and DeFi projects. This is a full-fledged launchpad with a wide range of services for projects and their successful entry into the cryptocurrency market.
With the new launchpad, Biconomy and LT Capital jointly established the “Biconomy Ecosystem Foundation” with a total amount of US $100 million.
This capital mainly provides funding and joint ecosystem development support for global GameFi, Defi, and NFT development teams.
The mission of the Biсonomy exchange is to create a bridge between the real economy and the crypto economy and make cryptocurrencies more accessible to people.
The GameFi sector is a real breakthrough this year, which also connects the gaming industry with cryptocurrencies and enables players around the world to make money just by playing games.
Biconomy sees a great prospect and intends to develop the Play2Earn sector especially purposefully.
Gaming projects have several features. Firstly, they are complete newcomers to the crypto market, so the expertise and help of the exchange when entering it is very important.
Also, very often game developers are looking for funding and sponsors to develop their games.
As a result, the Biconomy exchange solves all the problems of GameFi projects – from financing, preparing a project for the crypto market, to successfully entering public trading and partnership and cooperation after listing.
The funds from Ecosystem Foundation will be used to extend the ecosystem of the Biсonomy exchange – the development of partner and launchpad projects and investments in it. The exchange already has 6 offices around the world, more than 20 language chats, and intends to develop even more in further regions with developed crypto-economics.
And since Biсonomy also has a GameFi launchpad, and also carries out listings of promising projects, the Biconomy Ecosystems Foundation will invest in the most promising of them, thereby strengthening its position in the cryptocurrency market and among cryptocurrency exchanges.
Another direction of financing is investing in IDO projects on the Solana-based DEX Сaballo exchange, in the creation of which Biсonomy acted as a technical partner.
This is a one-of-a-kind DEX on Solana that supports the Deflationary Token Model. The first token that was listed on the Caballo exchange is the native token of the Biconomy Exchange – BIT. Caballo and Biconomy will jointly conduct an IDO on the Caballo platform, providing investments for promising projects.
Biconomy CEO Dmitriy Sheludko commented:
“This is a very large and significant event in the life of our exchange. By forming the Biconomy Ecosystem Foundation, we will be able to develop at an even higher pace and develop many product areas-both related to direct exchange services and indirectly affecting the exchange and its development, but necessarily strengthening its ecosystem.
We invite the best projects to apply for our launchpad, and grow together with the Biсonomy exchange. For the passionate teams that joined the Biconomy ecosystem, they were empowered not only by funds and technology. Just look at the BIT community and you will know what a great thing we are doing with people in the community! We look forward to the excellent teams that will join this historic change.”
Join Biconomy Exchange Social Networks:
https://twitter.com/Biconomy_Global
https://www.facebook.com/BiconomyGlobal
https://www.youtube.com/channel/UCUr7xvFfBy8zQR0EB_cbjBQ
Website: https://biconomy.com/
Contact: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/101889
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Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
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As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
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Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
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The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
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