Blockchain
MetaMan Acquires Drip Project for 1 Million US Dollars
Mumbai, India–(Newsfile Corp. – January 8, 2023) – MetaMan announced the acquisition of new-gen luxury jewellery brand Drip Project at a valuation of USD 1 Million today. Co-founded by Harsh Maskara & Rohit Golia, Drip Project is a jewellery brand established at the end of 2021 with a vision to cater to the glaring void in affordable luxury jewellery in the country. Within a span of less than a year, they are the market leaders in the hip hop jewellery segment by a margin.
Rohit Golia and Harsh Maskara
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Metaman, an exclusive men’s jewellery brand founded by Anil Shetty and with an investor board consisting of multiple unicorn founders including Nikhil Kamath (Co-founder- Zerodha), Suniel Shetty (Actor), Prashanth Prakash (Partner- Accel Ventures), Robin Uthappa (Cricketer), Ashish Hemrajani (Co-founder- Bookmyshow), Shashank Kumar (Co-Founder- Razorpay), Harshil Mathur (CEO- Razorpay), Gaurav Kushwaha (Founder – Bluestone), Vivek Gupta (Co-founder- Licious), Abhay Hanjura (Co-founder- Licious), Ankit Nagori (Co-Founder- Curefit), Sujeet Kumar (Co-founder – Udaan) and many other notable investors, is a brand on a mission of becoming the premier men’s fashion brand in the country.
Rohit Golia is a marketing maestro. He is also the co-founder of The Plug Media, a pioneering agency in the Social Media industry. He has an adept experience in Influencer Marketing, Media, Branding and Content. Harsh Maskara will join Metaman as a co-founder and Rohit Golia will join as a member on the Board of Advisors. Harsh Maskara is an e-Commerce genius. With a financial background, he has an excellent track record in operating and scaling online businesses from a very young age. With their expertise and experience, Metaman aims at blitzscaling their business and Harsh Maskara said, “What a journey this has been! We were always confident in our business, basis the foundation of a top-class product, expert skills and great resources. We aspired to build a brand rather than a business, and within 11 months became a name synonymous with hip hop jewellery. Going forward, we couldn’t have hoped for a better acquirer than Metaman, with our resonating vision and passion for the business.”
Speaking about the acquisition, Rohit Golia said, “Drip Project started as a passion project in our living room. Being bootstrapped, we micromanaged every aspect of the business while macro scaling it. It’s rewarding to see how within 11 months, we paved our way to the forefront of the segment and got acquired for a million dollars. It’s been a fruitful journey full of learnings and with Metaman stepping in, we hope to continue leading the space from the front.”
Talking about the acquisition Anil Shetty, Co-Founder of MetaMan said, “At MetaMan, we aim to accessorize evolved men through our contemporary designs. We want to be a one-stop shop for all things men and the acquisition of Drip Project will help us make strides toward our goal. This acquisition further diversifies our businesses and extends our footprint, opening the door to greater growth and innovation across the enterprise.”
Drip Project
Harish Pednekar
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/150573
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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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