Blockchain
NxGen Brands Inc. – Updates Sendput.com – Online Marketplaces and Rapid On-Demand Local Delivery Services for SMB
Fort Lauderdale, Florida–(Newsfile Corp. – March 4, 2022) – NxGen Brands Inc. (OTC Pink: NXGB) (“NXGB” or the “Company”) is updating all parties regarding the SENDPUT™ beta testing is ongoing and operational. All interested parties in participating in beta testing, please register email to register your access device properly.
An online marketplace bringing rapid delivery services from local businesses
The launch of SendPut marks the realization of a disruptive new online marketplace and rapid delivery model. The ability to integrate all existing delivery service providers via API to our core business model allows us to maximize the efficiency of the delivery process. This operational model ensures the established delivery goals of the zipcode are met and exceeded while providing Quality Assurance and Quality Control of all outbound transactions.
Notably, SendPut leverages local retailers as its inventory and fulfillment network core, creating partnerships via its online inventory and marketplace platform. The business model comes as others in the space concentrate on city-based dark stores or ultra-centralized warehouses. The company sees multiple benefits to this approach.
In addition to unlocking new opportunities for SMBs, SendPut’s model dramatically expands both the possible reach and range of rapid delivery platforms. In creating networks of existing retailers, SendPut can expand its reach into zip codes where existing standalone dark store and delivery network models would prove uneconomical. Additionally, the creation of local many-store networks dramatically broadens the range of products available to customers through such rapid-delivery online marketplaces.
Rounding out the customer delivery side of the network, the company’s second primary focus for SendPut is developing a network of secure pickup/dropoff lockers. In tandem with a logistics platform for coordinating retailer-driven fulfillment with excess capacity in existing driver networks, the company can realize ultra-rapid delivery times competitive with other fast-delivery models.
A capital-efficient disruption of the fast delivery model
Angel Burgos, CEO of NxGen Brands Inc., said, “SendPut’s design is excellent, allowing multiple business models that can continue to create revenue streams for the company, all while minimizing the capital outlay. This model is in contrast to most mainstream delivery companies, establishing themselves and competing in high-density urban areas with significant investments in dark warehouses and unmarked locations to deliver in 30 minutes or less. We have found that this business model is unpractical and unnecessary in most situations that require delivery.”
“The SendPut Network is designed to maximize the use of existing resources, including drivers and delivery personnel. Our app will have all the inventory available within the zip code, available to customers in real-time. SendPut will manage the most extensive virtual warehouse database without the operational costs of a physical one and with the efficiency of local product and service availability,” Burgos continued.
In noting further capital efficiencies, Burgos also notes, “The SendPut model allows us to maximize brand recognition and exposure as local businesses come online with our network and promote our service and the availability of our application and network design.”
Convenience and opportunity: a win for customers and small businesses alike
Burgos clarifies that, while SendPut represents a massive opportunity for the company, its benefits are wide-reaching. On this point, he said, “Big corporation expansion plans have displaced and put out of business millions of businesses throughout the last decades. They are doing the same on the internet now-millions in targeted SEO marketing, millions more in algorithms to funnel traffic to the mainstream marketplaces. At least in the online world, there can be unity to serve local communities, safeguarding the ecological advantages of minimizing the carbon footprint of the product purchased and increasing product availability to the local market. We want to bring back to the corner store the potential of delivering a product the same day, offering their fresh goods locally, instead of using the marketplace as the first option with limited availability.”
Burgos continues, “The end customer also should not have to pay extra to benefit from SendPut’s delivery network and product availability. At the same time, we will introduce additional tiers that include dedicated concierge services for real-time custom requests. In addition, SendPut monetizes via multiple means, such as an override for sales thru the SendPut network and the coordination of services between delivery service providers, courier distribution networks, and drivers. As a result, our customers will have access to our base product without expensive annual fees or other additional service charges that other big platforms impose.”
Registration for businesses is now open
For more information, businesses can sign up for their location at no charge at sendput.com. Updates are provided in real-time as zip codes continue to get requested.
About NxGen Brands, Inc.
NxGen Brands, Inc. owns a wholly-owned subsidiary, NxGen Brands LLC dba: Leafywell. Our visitors can view all the above information at www.leafywell.com and www.nxgenbrands.com. Our pursuit is to leverage equity, acquire, merge, and or joint venture with early-stage companies in emerging industries, to stimulate growth cash flow and increase broader distribution channels.
NxGen Brands (nxgenbrands.com) or Leafywell (leafywell.com) will manage product updates and sales and for more information or to make bulk purchases, please get in touch with [email protected].
Please visit the corporate website for more information on “NXGB,” the corporation: https://www.nxgenbrands.com. To be added to the Company investor email list, please email [email protected] and add the subject line.
FORWARD-LOOKING STATEMENTS:
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital or our future financial performance. These statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, activity levels, performance, or achievements to be materially different from any future developments. Activity levels, performance, or achievements are expressed or implied by these forward-looking statements. It would be best if you did not place undue reliance on forward-looking statements since they involve risks, uncertainties, and other factors which are, in some cases, beyond our control and likely will materially affect actual results, levels of activity performance, or achievements. Any forward-looking statement reflects our current views concerning future events and is subject to these and other risks, uncertainties, and assumptions relating to our operations, results of operations, growth strategy, and liquidity. We assume no obligation to update or revise these forward-looking statements for any reason publicly or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
For a discussion of these risks and uncertainties, please see our filings with the OTC Markets Group Inc. Our public filings with the OTC Markets Group Inc are available from commercial document retrieval services and at the website maintained by the OTC Markets at https://www.otcmarkets.com/stock/NXGB/disclosure.
Contact: [email protected] | Phone: (888) 315-6339
SOURCE: NxGen Brands Inc.
Blockchain
Green Technology & Sustainability Market Is Expected To Reach A Revenue Of USD 193.9 Bn By 2033, At 23.5% CAGR: Dimension Market Research
Blockchain
XChain, VARA’s Exclusive Transaction Monitoring Partner, Readies Rollout for Regional and Global VASPs
Global digital assets risk monitoring provider XChain, which has been working with Dubai’s VARA since 2022 as its exclusive forensic transaction monitoring partner, has announced the rollout of its services for institutional and retail Virtual Asset Service Providers (VASPs) in the region. The public launch of XChain’s transaction monitoring services will benefit VASPs, and eventually traditional financial institutions venturing into digital assets, offering much needed lifecycle support in areas of crypto oversight, compliance frameworks and transaction monitoring forensics.
By providing the region’s VASPs full visibility on the necessary regulatory and compliance frameworks, XChain aims to solve for key risk factors in on-chain transactions, enabling service providers to ultimately gain real-time insights into their risk metrics. XChain’s early intervention efforts will further establish a reliable and transparent monitoring foundation for VASPs, preparing them for proactive risk management as it relates to their different business models.
Haydn Jones, the newly appointed Managing Director of XChain, said: “With an increasing number of companies looking to tap into UAE’s digital assets industry, we are privileged to continue our work streamlining access to on-chain transaction risk-based analytics. It is therefore imperative for the compliance functions within VASPs to have access to the latest thinking, and we are proud to be at the forefront of blockchain forensics and asset monitoring to build a trusted and reliable framework that offers end-to-end support.”
Matthew White, CEO of VARA commented: “At VARA, we are committed to fostering innovation while ensuring robust regulatory standards for the virtual asset ecosystem. XChain’s rollout of its transaction monitoring services represents a significant step forward in enabling VASPs to operate with enhanced transparency and confidence. We are pleased to collaborate with XChain in setting new benchmarks for regulatory technology, which will not only benefit the digital asset sector but also build bridges with traditional financial institutions exploring this space.”
Building the Gold Standard in Forensic Transaction Monitoring
VARA and XChain are also working on a regulatory dashboard tool to advance the existing on-chain transaction monitoring standards for the region’s digital assets ecosystem. The dashboard, expected to be launched in beta later this year, will offer real-time on-chain data and open-source intelligence derived from VASPs, enabling such institutions, as well as TradFi and professional services companies dealing with digital assets, to integrate a unified risk monitoring tool that adheres to the gold standard in Virtual Assets Regulatory Technology.
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Blockchain
Blocks & Headlines: Today in Blockchain (Chainlink Labs, BlackRock, Fidelity, Dynamite Blockchain)
Exploring the Frontlines of Blockchain Innovation and Adoption
The blockchain industry continues to shape the future of finance, governance, and technology. Today’s briefing covers a range of key developments, from Australia’s crypto crackdown to Chainlink Labs’ expansion, Nevada’s innovative blockchain-driven electoral security, and updates on institutional Bitcoin adoption.
Australia’s Crypto Shakeup: A Looming Exodus for Blockchain Startups?
Australia’s blockchain and crypto sectors face a tumultuous period as nearly 30% of the country’s crypto-related businesses are projected to close operations by 2024. This decline follows increased regulatory scrutiny and diminishing investor confidence, as outlined in a report by KPMG.
The tightening regulatory environment has fueled debates about whether these measures protect consumers or hinder innovation. Advocates argue that clear regulations are crucial for building trust and stability in blockchain ecosystems, while critics fear they might stifle entrepreneurial spirit in the country.
This development could serve as a cautionary tale for other nations walking the fine line between fostering innovation and enforcing compliance.
Source: Cointelegraph
Breaking Down Institutional Bitcoin Adoption
Institutional adoption of Bitcoin is on the rise, marking a significant milestone for blockchain’s integration into mainstream finance. A new report reveals how companies are leveraging Bitcoin as a reserve asset, while financial giants explore Bitcoin-backed investment products to attract both retail and institutional clients.
While adoption is accelerating, barriers remain. Regulatory uncertainty, volatility, and infrastructure gaps hinder broader integration. However, with asset managers like BlackRock and Fidelity increasingly embracing Bitcoin ETFs, institutional interest appears to be solidifying the cryptocurrency’s position as “digital gold.”
This trend signifies blockchain technology’s growing legitimacy in traditional financial systems, offering a pathway for further innovation and integration.
Source: Bitcoinist
Nevada Implements Blockchain for Election Security
In a pioneering move, Nevada has integrated blockchain technology to enhance electoral security and prevent fraud. This development comes in response to a 2020 incident involving fraudulent electors, with blockchain now being used to verify the authenticity of electoral certificates and records.
The immutable and transparent nature of blockchain ensures tamper-proof data integrity, making it an ideal solution for secure electoral processes. Nevada’s initiative could serve as a model for other states and countries grappling with election integrity issues.
By leveraging blockchain for governance, Nevada showcases how this technology can go beyond finance to address critical societal challenges.
Source: 8 News Now
Dynamite Blockchain Rebrands and Charts a New Path
Dynamite Blockchain has announced a strategic rebranding initiative to align its corporate vision with emerging trends in decentralized finance (DeFi), non-fungible tokens (NFTs), and enterprise solutions. The rebranding effort includes an updated logo, a new corporate mission, and a pivot toward offering scalable blockchain solutions for businesses.
The company’s refreshed focus aims to position Dynamite Blockchain as a leader in enterprise blockchain adoption, helping organizations integrate decentralized solutions seamlessly into their existing frameworks.
This rebranding underscores the importance of adaptability in the rapidly evolving blockchain space, where staying relevant often means redefining one’s identity.
Source: GlobeNewswire
Chainlink Labs Expands to Abu Dhabi Global Market (ADGM)
Chainlink Labs, the developer of the blockchain oracle network Chainlink, has established a new presence in the Abu Dhabi Global Market (ADGM). This strategic expansion aims to tap into the Middle East’s growing blockchain ecosystem and foster collaborations with financial institutions in the region.
By entering ADGM, Chainlink Labs signals its intent to advance blockchain-powered financial solutions, with a focus on enhancing smart contract utility and adoption. The move also underscores the region’s increasing role as a hub for blockchain innovation.
This expansion reinforces Chainlink’s position as a key player in bridging on-chain and off-chain systems, further enabling the growth of decentralized applications worldwide.
Source: PR Newswire
Emerging Trends and Insights
- Regulatory Challenges: Australia’s crypto downturn reflects the broader tension between innovation and regulation, offering lessons for global blockchain players.
- Institutional Momentum: The rising adoption of Bitcoin by financial giants suggests a pivotal shift in the role of cryptocurrencies in traditional markets.
- Blockchain Beyond Finance: Nevada’s electoral security innovation highlights blockchain’s potential to address societal issues beyond financial services.
- Corporate Evolution: Dynamite Blockchain’s rebranding illustrates the industry’s emphasis on staying agile and forward-looking.
- Global Expansion: Chainlink Labs’ move into ADGM underscores the Middle East’s emergence as a critical blockchain innovation hub.
Key Takeaways
- Blockchain’s application in governance and security, as seen in Nevada, demonstrates its potential for societal transformation.
- Institutional adoption of Bitcoin is solidifying its status as a mainstream financial asset, even amid regulatory hurdles.
- Strategic rebranding efforts, such as Dynamite Blockchain’s, reflect the dynamic nature of the blockchain industry.
- Expansions into regions like the Middle East signal blockchain companies’ focus on tapping into emerging markets.
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