Blockchain
Farmer Doge Partners With TCG World, Hinting at More Metaverse Partnership Announcements
Sacramento, California–(Newsfile Corp. – March 3, 2022) – Farmer Doge ventured in and has begun to gain traction in the crypto community. Farmer Doge has taken the metaverse by storm, having more long-term metaverse projects lined up right after the TCG World metaverse partnership.
Farmer Doge Partners With TCG World
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What is Farmer Doge?
Farmer Doge is the first multi-currency rewards token in the world. Farmer Doge runs on the Binance Smart Chain (BSC) and apart from providing yield farming to users via the $CROP native token, users are able to farm any cryptocurrency, from the top lists to the most recently minted.
The core principle of the project is that users must plant and subsequently harvest their effort. The high trading volume of Farmer Doge grows proportionally with rewards to users.
Giving Back to Society
Furthermore, because of its commitment to the community, Farmer Doge is more than a mere cryptocurrency. Thousands of pounds of vegetables and plants are discarded annually because they are not visually pleasing enough to be sold in markets, though their quality is not in question. As such, Farmer Doge has made it its mission to buy these fruits and vegetables and donate them to charity as part of their mission to fight hunger. Families in need, restaurants, and other enterprises that may use fruits and vegetables as components for donating meals to charities, will not face food scarcity. Donations have been already carried out in the Philippines, Laos, and the United States.
Farmer Doge puts a premium on user safety and comfort by creating a safe and interactive space for users to get informed on the newest undertakings of the project while having the chance to network with members of the Farmer Doge community.
Metaverse Debut with TCG World Partnership
Metaverse will most definitely provide users with an immensive experience which will compass everything from gaming and social interactions to financial transactions. Farmer Doge has partnered with TCG World, the biggest and most advanced metaverse running on Binace Smart Chain (BSC), to provide its users a fast-adopting and futuristic experience.
Farmer Doge will receive a vast plot of commercial land in TCG World as a result of this partnership. It will also allow the community to connect with one another as a result of the project. Farmer Doge-themed games and NFTs are in the making for the metaverse.
Metaverse Partnerships
Farmer Doge has made strides in climbing the ladder to become one of the most unique crypto projects out there. Aside from working on launching Farmer Doge NFTs, the cryptocurrency project will continue to establish new partnerships for long-term projects.
The team is establishing more metaverse partnerships and intends to finalize some more deals by year’s end, in order to raise brand awareness across the crypto community. The upcoming NFTs will also be integrated in the metaverse projects.
Contact Details
Company Name: Farmer Doge
Company Email: [email protected]
Facebook: https://www.facebook.com/FarmerDoge-101777302236101/
Telegram: https://t.me/FarmerDogeCrypto
Twitter: https://twitter.com/FARMERDOGEBSC
Reddit: https://www.reddit.com/r/FarmerDogeBSC/
Discord: https://discord.com/invite/farmerdoge
Instagram: https://www.instagram.com/farmerdogebsc/
LinkTree: https://linktr.ee/farmerdoge
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/115541
Blockchain
Supply Chain Finance Market Forecast to Reach $9.4 Billion by 2029: Increasing Emphasis on Sustainable Sourcing
Global Supply Chain Finance Market
Blockchain
Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest
Venture capital funding for cryptocurrency and blockchain projects has seen a notable resurgence in the first quarter of 2024, marking its first quarterly rise since 2021. Crunchbase data released today indicates that Web3 startups secured nearly $1.9 billion in funding across 346 deals during this period. This represents a substantial 58% increase from the previous quarter, offering a glimmer of hope amidst the ongoing downward trend in overall crypto VC interest.
The recent surge in funding can be attributed to investors adopting a more long-term perspective on Web3, as opposed to the hype-driven “tourist investors” predominant in recent years. Chris Metinko, the author of the report, notes that investors are shifting their focus to the AI sector, indicating a change in investment strategy. There is a growing interest in supporting the foundational infrastructure of the decentralized internet, rather than solely concentrating on crypto wallets and lending platforms, which attracted significant investments during the peak period of 2021 to 2022.
While large funding rounds were relatively uncommon in Q1, several notable investments stood out. Exohood Labs, a company integrating AI, quantum computing, and blockchain, secured a remarkable $112 million seed round at a valuation of $1.4 billion. EigenLabs, an Ether token “restaking” platform, raised $100 million in a Series B round led by a16z crypto. Additionally, Freechat, a decentralized social network leveraging blockchain technology, secured $80 million in a Series A round. These investments, among others, contributed to the increase in valuations and the emergence of four new Web3 unicorns in Q1.
Despite the recent progress, the future trajectory of Web3 remains uncertain. Metinko suggests that the next few quarters will be pivotal in determining the industry’s direction. While investors anticipate a rebound in investment as the decentralized internet evolves, it may take another year for venture capital activity to stabilize after the exuberance of 2021. Factors such as the approval of U.S. spot Bitcoin exchange-traded funds and the upcoming Bitcoin halving could also influence the market, given the rising prices of Bitcoin and Ether.
A noteworthy example of significant funding in the Web3 space is Monad Labs’ recent successful funding round, which secured $225 million led by Paradigm. Monad Labs is a layer-1 blockchain compatible with Ethereum, offering faster transaction processing. This funding round harkens back to the golden era of crypto funding in 2021-2022, when L1 solutions attracted substantial investments.
Earlier this year, Balance, a digital asset custodian based in Canada, announced that it had once again reached $2 billion in assets under custody (AUC) amidst the recent market recovery. Similarly, Korea Digital Asset (KODA), the largest institutional crypto custody service in South Korea, has experienced remarkable growth in crypto assets under its custody, expanding by nearly 248% in the second half of 2023.
Analysts at Bernstein Research project that crypto funds could reach an impressive $500 billion to $650 billion within the next five years, representing a significant leap from the current valuation of approximately $50 billion. This forecast underscores the growing optimism and potential for substantial growth within the crypto industry in the coming years.
Source: cryptonews.com
The post Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest appeared first on HIPTHER Alerts.
Blockchain
ASIC cracks down on blockchain mining firms
Three blockchain mining companies – NGS Crypto, NGS Digital, and NGS Group – along with their directors, Brett Mendham, Ryan Brown, and Mark Ten Caten, are facing legal action from the Australian Securities and Investments Commission (ASIC) for allegedly operating without a license, in violation of Australia’s Corporations Act. ASIC initiated legal proceedings against these entities on April 9, citing concerns about their non-compliance with financial regulations and their solicitation of Australian investors.
According to ASIC, the NGS companies promoted blockchain mining packages with fixed-rate returns to Australian investors, encouraging the transfer of funds from regulated superannuation funds to self-managed superannuation funds (SMSFs) for conversion into cryptocurrency. Approximately 450 Australians invested a total of around USD 41 million in these packages, raising concerns about potential financial losses.
The legal action filed by ASIC alleges that the companies violated section 911A of the Corporations Act, which prohibits companies from providing financial services without a valid Australian Financial Services Licence (AFSL). ASIC is seeking interim and final court orders to prohibit the NGS companies from offering financial services in Australia without an AFSL.
ASIC Chair Joe Longo emphasized the importance of investors carefully considering the risks before investing in crypto-related products through their SMSFs. Longo stated that ASIC’s actions send a message to the crypto industry about the regulator’s commitment to ensuring compliance with regulations and protecting consumers.
In a separate development, the Federal Court appointed receivers for the digital currency assets associated with the NGS companies and their directors to safeguard these assets amid concerns about the risk of dissipation. Mendham was also issued a travel restriction order, preventing him from leaving Australia.
While a court date for the proceedings has not been set, ASIC’s investigation is ongoing, with the regulator continuing to gather evidence and build its case. It is worth noting that the investigated companies share a similar name with NGS Super, a legitimate Australian pensions provider, leading to potential confusion among investors. NGS Super clarified that it is not involved in selling cryptocurrency or related products and has taken legal action to protect its trademark and members’ interests.
Source: iclg.com
The post ASIC cracks down on blockchain mining firms appeared first on HIPTHER Alerts.
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