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
Blockchain
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Blockchain
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Blockchain
Blocks & Headlines: Today in Blockchain – January 30, 2025 (Dogecoin, U.S. Army, DeepSeek, Web3)
Introduction
The blockchain and cryptocurrency industry continues to evolve, with major advancements in institutional adoption, regulatory modernization, and innovative applications. Today’s roundup covers Dogecoin’s new blockchain strategy, the U.S. Army’s use of blockchain for tracking aid, notable blockchain startups, domain challenges for Web3 companies, the first AI blockchain agent, and Luxembourg’s legal updates for custody chains. Let’s break down the biggest headlines shaping the future of blockchain technology and decentralized finance.
Dogecoin Unveils Strategic Blockchain Movement
Expanding Beyond a Meme Coin
Dogecoin, often viewed as a lighthearted cryptocurrency, is making serious strides toward blockchain utility with a new strategic initiative aimed at expanding its use case beyond simple transactions. The Dogecoin Foundation has announced plans to integrate layer-2 solutions, smart contracts, and interoperability features, potentially positioning DOGE as a serious competitor in the decentralized finance (DeFi) space.
This move signals a shift in the perception of Dogecoin, which has long relied on community-driven momentum. With the new strategy, DOGE could become an integral part of the growing Web3 ecosystem.
Source: Crypto Briefing
U.S. Army Utilizes Blockchain for Aid Tracking in Ukraine
Military Adopts Emerging Tech for Transparency
The U.S. Army is leveraging blockchain, big data, and generative AI to track billions of dollars in aid sent to Ukraine. This marks a significant step in blockchain’s adoption by governments and defense agencies to enhance transparency and prevent fraud.
By using blockchain for immutable record-keeping, military officials aim to improve logistics tracking, reduce inefficiencies, and ensure secure auditing of aid distribution. This could set a precedent for future government adoption of blockchain-based verification systems.
Source: Breaking Defense
10 Blockchain Startups to Watch in 2025
Innovation Driving the Next Wave of Web3
A new report highlights ten emerging blockchain startups poised to disrupt industries from finance to supply chain management. These companies are working on scalable smart contracts, decentralized identity solutions, and improved cross-chain interoperability.
Among the standout names are startups focusing on privacy-preserving transactions, institutional DeFi tools, and real-world asset tokenization, reinforcing blockchain’s growing role in mainstream finance and enterprise adoption.
Source: Yahoo Finance
Web3 Companies Struggle with Domain Name Challenges
Decentralization vs. Traditional Domain Ownership
As blockchain companies push forward with Web3 adoption, many are encountering significant hurdles in securing relevant domain names. Unlike traditional domains governed by ICANN, blockchain-native domains such as .crypto and .eth exist outside standard regulatory frameworks, leading to disputes and accessibility issues.
Industry experts are calling for greater collaboration between blockchain projects and domain registrars to ensure seamless Web3 adoption while maintaining online accessibility for users.
Source: Domain Name Wire
Klaus Agent Becomes the First Blockchain AI to Use Custom DeepSeek Model
AI and Blockchain Converge
The Klaus Agent, an AI-powered blockchain agent, has integrated the DeepSeek AI model to enhance decision-making, smart contract automation, and decentralized application (dApp) intelligence. This innovation represents a major step in merging artificial intelligence with blockchain networks, allowing for more sophisticated automation in DeFi, NFT trading, and DAO governance.
As AI and blockchain continue to converge, the potential for autonomous smart contract execution and predictive analytics is expected to grow, leading to more efficient decentralized systems.
Source: GlobeNewswire
Luxembourg Modernizes Custody Chain Laws for Blockchain
A Legal Framework for Tokenized Assets
Luxembourg, a key financial hub in Europe, has updated its custody chain regulations to accommodate blockchain-based assets. These changes are designed to facilitate institutional adoption of tokenized securities and digital asset custody solutions.
By providing a clear regulatory framework, Luxembourg aims to attract fintech firms, investment funds, and digital asset custodians, further strengthening its position as a leader in blockchain finance.
Source: National Law Review
Conclusion
The latest blockchain developments underscore the rapid evolution of the industry, from Dogecoin’s strategic shift to military adoption of blockchain for transparency. As AI and blockchain begin to merge, and governments refine regulations, we are witnessing a pivotal moment in decentralized technology.
With institutional interest growing and regulatory frameworks taking shape, blockchain and Web3 technologies are moving closer to mainstream acceptance. Stay tuned for the next Blocks & Headlines briefing as we continue to track the most significant trends shaping the future of decentralized finance and digital assets.
The post Blocks & Headlines: Today in Blockchain – January 30, 2025 (Dogecoin, U.S. Army, DeepSeek, Web3) appeared first on News, Events, Advertising Options.
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