Blockchain
Infinity Ventures Crypto Makes a Strategic Investment in Ruby Play Network
Christchurch, New Zealand–(Newsfile Corp. – March 18, 2022) – Today, it has been announced that Ruby Play Network, a blockchain-powered, Web3 game discovery platform backed by the Binance Accelerator Fund – has acquired a strategic investment from Infinity Ventures Crypto, to continue the growth of their Ruby Play rewards ecosystem.
The investment from IVC caps off a busy month for the network, which has just finished their $6 million dollar funding round which included a successful New Zealand Crowdfunding campaign, public token presale and other strategic investments from Binance, Gate.io, Coinpresso and Yellow.org.
Infinity Ventures Crypto (IVC) makes investment in the Ruby Play Network
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Continuing growth of the Ruby Play Network
The Ruby Play Network provides a new kind of reward system that allows its users to earn the native token $RUBY as rewards for a variety of online games within their ecosystem for its own users, as well as for other partnered blockchain developers on the platform.
Since its inception, the project has focused on consistent and steady growth with its sights set on getting things right the first time. They are using their relevant industry experience to create quality and engaging play to earn games that provide real rewards for their users.
“We are excited to receive the investment from Infinity Ventures Crypto. IVC has an amazing portfolio and their investment in our team is a great sign that our Web3 and Blockchain discovery platform is on the right track.” – Rob Carroll – Chief Growth Officer – Ruby Play Network
“IVC is excited to support Ruby Play Network’s trailblazing vision to establish the next generation standard of loyalty and retention rewards for consumers – all from a decentralized and blockchain-powered platform.”- Brian Lu, Founding Partner at IVC
The Ruby Play Native Token – $RUBY
Trading on the RUBY token began this week with IDO’s on ACY.Finance and ApeSwap. This moved onto full CEX listings on Bitrue, ApeSwap’s exchange and ACY. In addition to the listings there are also farming and staking opportunities on these platforms with generous APY’s available for RUBY token holders.
RUBYs are the native token for the network and the backbone for the rewards ecosystem for the Ruby Play Network. The token is built on the Binance Chain and aims to provide its users with complete control and transparency over the rewards they earn. Unlike other tokens or coins in the crypto space, the native token is created to be independent of the volatility often seen in the industry, gaining its value from utility within the network ecosystem.
Updates on the Ruby Play Network are found on Telegram, Discord and Twitter.
Twitter: https://twitter.com/RubyPlayNetwork
Telegram: https://t.me/RPNDiscuss_Public
Discord: https://discord.com/invite/dr3tntuwNh
Media contact
Liam Quinlan-Stamp
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/117272
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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