Blockchain
iMining Enters into Agreement for the First-Ever Metaverse Pharmacy to be Launched in Decentraland
Vancouver, British Columbia–(Newsfile Corp. – March 24, 2022) – iMining Technologies Inc. (TSXV: IMIN) (the “Company” or “iMining”) is pleased to announce that its wholly-owned subsidiary, Metaverse Advisory Group (“MAG”), has entered into an agreement with Noman Qureshi who manages multiple pharmacies in the Greater Toronto area (the “Pharmacy Group”), to assist the Pharmacy Group in developing and executing its digital and metaverse-related strategy. MAG will provide the Pharmacy Group with an online, AI-enabled, e-commerce based pharmaceutical platform for their operations in the Metaverse. The Pharmacy Group looks to become one of the leaders in this space by launching the world’s first Metaverse pharmacy to help improve medication adherence by offering patients the opportunity to set up automatic refill reminders for prescription medications that are shipped directly to the patient’s home. More importantly, using AI-based technology, the service will allow patients to have one-on-one online consultations with pharmacists and provide patients the ability to track their medications by using the online platform.
“With today’s work at home initiatives in place, we need to focus on providing simple and convenient solutions that will allow people to better manage their health and the health of their families,” said Khurram Shroff, Chairman, President and the CEO of iMining Technologies. “iMining’s subsidiary, Metaverse Advisory Group will design an e-commerce platform with a metaverse presence for the Pharmacy Group. Metaverse provides a new way to engage customers by creating an online community around healthcare and is actively engaging with the MZ generation. I truly believe that the Future of Healthcare is digital.”
The pharmacy in the metaverse will allow patients to conveniently book appointments for pharmacy services including online consultations with a licensed pharmacist. This pharmacy will help patients better manage their health by providing an integrated solution and personalized service from experienced pharmacists. In addition, the online pharmacy will provide ideal digital tools for patients to manage their medication and will allow home delivery across the Greater Toronto Area.
“As the digital world evolves, virtual and metaverse based healthcare services will become increasingly more important,” said Noman Qureshi, Pharmacist and manager of the Pharmacy Group. “Being a pharmacist for over 15 years, I understand the importance of being able to comfort and educate patients on their medications personally. The pharmacist’s role is evolving across the world, and we see the younger patients opting for an online consultation instead of visiting us in person.”
The pharmacy in the metaverse is planned to be launched on the ground floor of the iMining Towers in the Decentraland metaverse; iMining Towers is a mixed-use property which will provide retail space on the first three levels and Class “A” office units on the higher levels. This project is being developed and managed by MAG. Over the past few weeks, we have seen many large companies enter the Decentraland metaverse, including JP Morgan, Samsung, Australian Open and Sotheby’s.
About Noman Qureshi
Director, Metaverse Pharmacy Advisory Group
Noman Qureshi has over 15 years of experience and is a licensed pharmacist and an entrepreneur. Mr. Qureshi operates a network of pharmacies across the Greater Toronto Area. Mr. Qureshi is a forward thinker and understands the importance of patient care and believes that through online care he can revolutionize the way pharmacies and healthcare will function in the future.
About Metaverse Advisory Group
Metaverse Advisory Group is a virtual NFT based real estate company that develops and manages a portfolio of Virtual properties in major blockchain-based Metaverses including Decentraland and The Sandbox. It operates unique services including virtual property development, property management, and assisting companies with future of work, virtual events and meetings, marketing and advertising in the Metaverse.
About iMining Technologies Inc.
iMining is a publicly listed Web3.0 technology company developing technology for Crypto Mining, Decentralized Finance (“DeFi”) and Non-Fungible Tokens (“NFT”). iMining also owns BitBit Financial Inc., an ATM Network and crypto OTC Trading Platform for individual and institutions.
iMining investments are directly linked to the Bitcoin Mining, Crypto Trading, Decentralized Finance (“DeFI”) and Metaverse Non-Fungible Tokens (“NFTs”). With diverse blockchain investment and infrastructure solutions, iMining looks to be a leader in accelerating the growth of Web3.0 for the enterprise market. The Company’s operations include secure and sustainable cryptocurrency payments, staking, mining and digital asset investment designed for the scale and compliance requirements of institutional clients. iMining is committed to building strong global blockchain ecosystems and supporting inclusive access to digital tools and technologies.
ON BEHALF OF THE BOARD
Signed “Khurram Shroff“
Khurram Shroff, President & CEO
FOR FURTHER INFORMATION, please contact:
iMining Corporate Offices:
Saleem Moosa, Director
Email: [email protected]
Telephone: 1-604-602-4935
Toll Free: 1-866-602-4935
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain forward-looking statements, which relate to future events or future performance, and reflect management’s current expectations and assumptions, and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of activities, future cryptocurrency prices, operating risks, and other risks in the cryptocurrency industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/117872
Blockchain
Open-Source Intelligence (OSINT) Market is expected to reach a revenue of USD 64.9 Bn by 2033, at 25.6% CAGR: Dimension Market Research
The country passed a landmark bill in June 2023, which laid the foundation for stablecoins and other crypto to be treated as regulated financial activities.
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The U.K. will issue new legislation for stablecoins as well as crypto staking, exchange and custody by June or July this year, Economic Secretary Bim Afolami said.
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The Conservative-party-led government has said it wants to make the U.K. a global hub for crypto and passed legislation last year to recognize crypto and stablecoins as regulated financial activities in the country.
The U.K. government is set to put forward legislation for stablecoins as well as for crypto staking, exchange and custody by June or July, Economic Secretary Bim Afolami said at the Innovate Finance Global Summit on Monday.
“We are now working at pace to deliver the legislation to put our final proposals for our regime in place,” Afolami said. “Once it goes live, a whole host of crypto asset activities, including operating an exchange, taking custody of customers’ assets and other things, will come within the regulatory perimeter for the first time.”
In 2023, the U.K. passed a landmark financial markets bill that laid the foundation for stablecoins and crypto broadly to be treated as regulated financial activities in the country. Local regulators, the Financial Conduct Authority and the Bank of England, both consulted on what a stablecoin regime would look like last February. The BoE said it would oversee stablecoin providers that were large enough to affect the financial system, while the FCA said it would regulate the wider crypto space.
Afolami teased the coming of secondary stablecoin legislation in February, adding that the government was pushing to get it done within six months.
The U.K.’s Conservative Party-led government has said it wanted to be a crypto hub and has since consulted on its ambitions to regulate crypto. The U.K. is expected to have an election this year, which could see the Conservative party ousted and some crypto plans left in limbo, meaning the party could have a limited time left to execute its plans. The Labour party is the current favorite to win.
Source: coindesk.com
The post UK to Issue New Crypto, Stablecoin Legislation by July, Minister Says appeared first on HIPTHER Alerts.
Leading the investment were Brevan Howard Digital and Framework Ventures, which signals confidence in Berachain’s vision and approach.
Notable investors in Berachain include Samsung Next, HashKey Capital, Animoca Ventures and Nomad Capital, highlighting the growing interest in DeFi-focused blockchain projects.
Berachain co-founder Smokey Bera emphasized the importance of the funding round, stating: “We see this fundraising as a great validation of our approach to building a blockchain that is built on feedback from real users and developers, and to deliver value for those groups that actually contribute to the growth of the network,” as reported by Bloomberg.
According to Berachain’s website, the platform offers a certain degree of compatibility with ETH, making it easier to transfer applications and assets. While it may not fully replicate the functionality, performance or security features of Ethereum, Berachain serves as an EVM-compliant first-layer blockchain built on Cosmos-SDK.
This architecture allows Berachain to support similar tools and operations as Ethereum, while introducing additional functionalities optimized for proof of liquidity and typical decentralized use cases such as exchanges and oracles.
The blockchain network will introduce three core assets: the BERA token for on-chain transactions, the BGT token as its governing coin, and HONEY, the protocol’s secured stablecoin, offering a complete ecosystem for decentralized financial applications.
Source: cryptodnes.bg
The post A new blockchain project has raised $100 million in funding appeared first on HIPTHER Alerts.
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