Blockchain
Fandifi Partners with Dziki Warszawa
Vancouver, British Columbia–(Newsfile Corp. – June 1, 2023) – Fandifi Technology Corp. (CSE: FDM) (OTCQB: FDMSF) (FSE: TQ4) (“Fandifi” or the “Company”) is pleased to announce that it has entered into partnership with Dziki Warszawa (“Dziki”) of the Polska Liga Koszykowki SA (“PLK”) for the upcoming 2023-2024 season.
Since the rollout of improvements to the Fandifi platform, Fandifi and Dziki conducted numerous tests matches as Dziki advanced through the playoffs. During these pilots, conducted at both home and away matches, Fandifi facilitated:
- real-time fan engagement through presentation of statistical and in-game fan trivia
- real-time non-intrusive advertising capabilities
- real-time sponsorship activation capabilities
- custom reporting
- custom fan reward programs
This testing culminated in the Championship match where Fandifi employed an in-arena QR code activation campaign resulting in nearly 10% engagement with the live audience. The winner of the Fandifi activation received a team-signed championship jersey for their participation. For everyone who participated they all received a link to download an Augmented Reality version of the trophy via another secondary activation with Imagine AR, another Canadian based firm.
“First off, I would like to congratulate the entire Dziki Warszawa organization on their championship run this season, which culminated in their promotion to Ekstraklasa. Being able to demonstrate the value proposition of the Fandifi platform in a top-tier sporting event is a significant milestone in our march toward commercialization. I’d like to point out the invaluable assistance of our advisor Ryan McCumber who not only introduced us to the team at Dziki but also to Mr. Bernhard Otterstein, President of the Polish Canadian Chamber of Commerce,” states David Vinokurov, Fandifi CEO and President.
“At the Polish Canadian Chamber of Commerce, we are excited to look for ways to support Fandifi, a Canadian publicly-traded company, in exploring the multitude of opportunities presented by partnering with dozens of Polish professional sports teams. With its innovative solutions and dedication to enhancing fan experiences, Fandifi is poised for success in the sports entertainment sector in Poland. We are excited by the prospect of supporting Fandifi in growing alongside Polish business opportunities, fostering strategic partnerships, and showcasing cutting edge Canadian solutions in the dynamic Polish sports market,” states Mr. Otterstein “Through our extensive network, the Polish Canadian Chamber of Commerce is committed to nurturing partnerships, facilitating growth, and fostering journeys of collaboration and success between the Polish and Canadian business communities.”
About Fandifi Technology Corp.
Fandifi is a crowd based and system generated prediction fan engagement platform. The Fandifi platform runs on associated neural networks tailor-made for content creators to increase gamification of their content and enable fan engagement within their communities regardless of the form of distribution. Whether Esports, Sports or any type of broadcast or streamed content, Fandifi is revolutionizing the way fans interact with their favourite content. With its innovative features and monetization opportunities, Fandifi is poised to become the go-to platform for content creators looking to engage with their audience and sponsors.
About Dziki Warszawa
Dziki Warszawa is a Polish professional basketball team since 2017. The team has recently been promoted to Polska Liga Koszykowki S.A. after playing in the Suzuki First Division the last two seasons. Dziki Warszawa was born digital and innovation is at the core of everything the club does. The team’s aspirations are to be invited as an expansion EuroLeague Basketball team and become a legendary powerhouse of basketball in Europe.
For additional Information:
Investor Relations
Email: [email protected]
Phone +1 604 256 6990
DISCLAIMER:
Certain statements made herein may contain forward-looking information within the meaning of the applicable Canadian securities laws (“forward-looking statements”). Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “budgets”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives or thereof. Forward-looking statements by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different from those expressed or implied by the forward-looking statements. We have made certain assumptions, which our management believes to be reasonable, about the forward-looking statements and the ongoing performance advantages of the Company’s platform in comparison with existing or future competitive offerings, and the future growth of the market in which we compete. However, we can provide no assurance that the forward-looking statements will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein. Important additional information identifying risks and uncertainties and other factors is contained in the section entitled “Risk and Uncertainties” in the Company’s most recent Management Discussion and Analysis filed on SEDAR.
Except as required by law, we do not intend to update forward-looking statements whether as a result of new information, future events or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/168361
Blockchain
Omnichain protocols offer the answer to blockchain fragmentation
Blockchain fragmentation, stemming from the proliferation of diverse blockchain networks, poses challenges for interoperability and seamless data exchange. In response, omnichain protocols emerge as a solution to bridge these fragmented ecosystems.
These protocols aim to create a unified framework that enables communication and data transfer across multiple blockchain networks. By establishing common standards and protocols, omnichain solutions facilitate interoperability, allowing different blockchains to interact seamlessly.
The adoption of omnichain protocols addresses key issues such as data silos, redundant processes, and inefficiencies caused by blockchain fragmentation. These protocols enable businesses and developers to leverage the strengths of various blockchain networks while mitigating the drawbacks of fragmentation.
With omnichain protocols, organizations can achieve greater flexibility, scalability, and efficiency in their blockchain implementations. These protocols provide a foundation for building interconnected blockchain ecosystems, fostering innovation and collaboration across industries.
As blockchain technology continues to evolve, omnichain protocols play a vital role in overcoming the challenges of blockchain fragmentation and unlocking the full potential of distributed ledger technology.
Source: cointepegraph.com
The post Omnichain protocols offer the answer to blockchain fragmentation appeared first on HIPTHER Alerts.
Blockchain
State-owned German Bank Set to Introduce Blockchain-Backed Digital Bonds
Germany’s state-owned bank, Kreditanstalt fuer Wiederaufbau (KfW), is set to embrace the digital age by issuing its first blockchain-based digital bond. This move signals the bank’s foray into blockchain technology and its commitment to driving its adoption in the financial sector.
The bond that KfW plans to issue will be tokenized, marking it as a ‘crypto security.’ This tokenization involves representing the bond on a blockchain, enabling validation of its transactional history and ownership.
Tokenizing bonds offers several advantages, including the automation of various aspects of bond management such as interest payments and maturity settlements. Additionally, it reduces the need for intermediaries in the process, thereby cutting down on overall transaction costs.
Melanie Kehr, a member of the Executive Board of KfW Group, expressed the bank’s innovative approach in testing new financial market products. She emphasized that the issuance of the digital bond under the German Electronic Securities Act reflects the bank’s commitment to exploring innovative solutions in the financial market.
The issuance of the blockchain-based bond marks a significant step for KfW, as it seeks to attract investors and enhance efficiency and scalability in bond transactions. Tim Armbruster, Treasurer at KfW, highlighted the importance of digitalization in increasing efficiency and scalability, emphasizing the bank’s goal of attracting a wide range of investors for the digital bond.
KfW plans to engage in dialogues with institutional investors in Europe to better understand their needs and explore the potential of blockchain technology in fintech. Cashlink Technologies GmbH, a Frankfurt-based fintech company, will serve as the crypto securities registrar for KfW, facilitating the issuance of the digital bond.
The decision by KfW to issue a blockchain-based digital bond underscores the growing interest in blockchain technology within the financial sector. It represents a significant step towards leveraging blockchain for innovation and efficiency in financial markets.
Source: cryptonews.com
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Blockchain
UK to Introduce New Stablecoin and Crypto Laws by July
The UK is set to implement new legislation pertaining to stablecoins and cryptocurrencies by July, marking a significant step in regulating the digital asset space. This move underscores the government’s commitment to fostering a clear regulatory framework for the burgeoning cryptocurrency industry.
Scheduled for introduction by July, the new laws will address stablecoins, which are digital assets pegged to fiat currencies to maintain stability. Additionally, the legislation will cover other aspects of the cryptocurrency ecosystem, aiming to provide clarity on regulatory requirements and enhance consumer protection.
The UK’s initiative to introduce these new laws reflects the growing importance of cryptocurrencies in the global financial landscape and the need for comprehensive regulation to mitigate risks and foster innovation. By establishing clear guidelines for stablecoins and cryptocurrencies, the government seeks to promote transparency, accountability, and stability in the digital asset market.
Furthermore, the introduction of these laws by July demonstrates the UK’s proactive approach to adapting its regulatory framework to accommodate the evolving nature of the cryptocurrency industry. As digital assets continue to gain traction among investors and businesses, regulatory certainty becomes increasingly essential to ensure the integrity and resilience of the financial system.
Overall, the UK’s decision to implement new legislation for stablecoins and cryptocurrencies by July signifies a significant milestone in its efforts to establish a robust regulatory framework for the digital asset sector. By providing clarity and guidance to market participants, the government aims to facilitate responsible innovation and foster confidence in the use of cryptocurrencies within the UK’s financial ecosystem.
Source: blockchain.news
The post UK to Introduce New Stablecoin and Crypto Laws by July appeared first on HIPTHER Alerts.
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