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XCAD Network to Launch Inaugural v2 Creator Token $DON on Ape Terminal with YouTube Star TheDonato

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XCAD Network, a leading Watch2Earn tokenisation platform for YouTubers, is excited to announce the upcoming launch of its inaugural V2 creator token, $DON, in collaboration with Ape Terminal. The creator token to be launched in partnership with TheDonato, South America’s prominent content creator with 40M+ subscribers and 7B views, has garnered over 25,000 sign-ups and a 2,400% oversubscription.

The strategic listing on Ape Terminal aims to draw TheDonato’s vast fanbase into the crypto space, which would inject fresh capital from Web2 users, marking a significant milestone for XCAD Network’s foray into creator tokens. The launch of $DON signifies a new chapter in
fan engagement and content monetisation, revolutionising the relationship between creators and their audiences.

Oliver Bell, CEO and Co-founder of XCAD Network, shared his vision for the collaboration with Ape Terminal and TheDonato, stating, “This launch on Ape Terminal represents a transformative moment for XCAD Network and the creator economy at large. With Ape
Terminal’s sophisticated infrastructure, it provides the perfect launchpad for creator tokens like $DON, facilitating seamless transactions and ensuring broad accessibility to both seasoned crypto enthusiasts and newcomers from Web2.”

Through the upcoming launch of $DON, fans will be turned into stakeholders through governance. They will also find a deeper engagement with TheDonato through meet-and-greet sessions, featuring in TheDonato’s videos, an exclusive Discord community, and more.
“The $DON token is just the beginning,” added Bell. “Our platform empowers creators like TheDonato to deepen connections with their fans while offering fans unprecedented access and influence over their favourite content. The collaboration will enable us to roll out a suite of
creator tokens that empower fans and enhance the digital content landscape. We are thrilled to see how this evolves and the new opportunities it creates for creators and their communities.”

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With a total supply of 1 billion tokens, the $DON token allocation includes 30% for fan incentives, 20% for pre-sale, 30% for MM-Exchange-LP, and 10% each for contributors and marketing. Through $DON, fans transcend traditional boundaries, gaining unparalleled access
and influence over TheDonato’s creative journey while being rewarded for their unwavering support.

This launch will not only mark a milestone for XCAD Network, but also underscore Ape Terminal’s position as the go-to platform for groundbreaking crypto ventures, ushering in a new era of creator-fan interaction and financial empowerment.

The post XCAD Network to Launch Inaugural v2 Creator Token $DON on Ape Terminal with YouTube Star TheDonato appeared first on HIPTHER Alerts.

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New seed-stage VC fund from Finland secures €6 million in initial close for €30 million blockchain fund

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Helsinki-based Equilibrium Ventures (EQV), a new seed-stage venture capital fund focused on the crypto sector, has successfully closed the first round of its €30 million fund, raising €6 million from limited partners (LPs). This milestone highlights growing interest in blockchain startups and a promising future for the European crypto ecosystem.

The fund is led by an experienced team of partners: Mika Honkasalo, Henrik Sundvik (formerly of Bain & Company), and Christopher Ahn (ex-Molten Ventures investor). Equilibrium Ventures aims to attract and support founders with deep technical expertise in blockchain technologies, covering areas such as zero-knowledge proofs and smart contracts, essential for developing advanced blockchain solutions.

Equilibrium Ventures has attracted a diverse group of backers, including strategic investors, family offices, and notable LPs like Sebastien Borget, co-founder of the metaverse platform The Sandbox. This support underscores the fund’s credibility and signals growing confidence in crypto investments despite recent market challenges.

Dedicated to crypto infrastructure, Equilibrium Ventures emphasizes rigorous technical due diligence and value addition for pre-seed and seed engineering firms. With a network of about 70 blockchain engineers, mainly based in Europe, the fund is well-positioned to help startups develop robust blockchain technologies.

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The renewed interest in venture capital investment in blockchain, bolstered by evolving regulatory landscapes in the US and Europe, is expected to increase investor confidence in the crypto sector. Equilibrium Ventures, with its technical expertise and strategic support, is poised to become a significant player in Europe’s crypto venture scene.

Looking ahead, Equilibrium Ventures aims for a second close by the end of this summer, targeting 80% of the total fund. This progress indicates strong momentum and the potential for significant contributions to the European blockchain ecosystem.

Source: arcticstartup.com

The post New seed-stage VC fund from Finland secures €6 million in initial close for €30 million blockchain fund appeared first on HIPTHER Alerts.

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Riot Platforms Acquires 14% Stake in Bitfarms Ltd.

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Riot Platforms, Inc. has announced its acquisition of a 14% stake in Bitfarms Ltd., as detailed in a recent press release by Riot Platforms. This move aligns with Riot’s strategy to influence corporate governance within Bitfarms.

Acquisition Details

On June 13, 2024, Riot Platforms purchased 1,432,063 common shares of Bitfarms Ltd., representing about 0.35% of Bitfarms’ issued and outstanding common shares. The shares were bought on the Nasdaq Stock Market and other open markets at an average price of approximately $2.70 per share, totaling $3,870,293.46.

Before this acquisition, Riot held 56,194,973 common shares of Bitfarms, equating to 13.65% ownership. With the new shares, Riot now holds 57,627,036 common shares, resulting in a 14% stake in Bitfarms.

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Strategic Intentions

Riot Platforms intends to call a special meeting of Bitfarms’ shareholders to nominate several independent directors to the board, citing concerns over Bitfarms’ corporate governance. Riot seeks to influence Bitfarms’ strategic direction and enhance its governance standards.

Riot is continuously reviewing its investment in Bitfarms and may adjust its position based on factors such as market conditions and the company’s financial status. Potential actions include increasing or decreasing its stake, entering into hedging transactions, or proposing additional strategic measures.

Forward-Looking Statements

The press release includes forward-looking statements subject to risks and uncertainties, reflecting Riot’s current expectations and assumptions. Riot cautions investors to consider these risks before making investment decisions.

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Riot’s vision is to become the leading Bitcoin-driven infrastructure platform, focusing on a vertically integrated strategy with Bitcoin mining operations in Texas and electrical switchgear engineering in Colorado.

Source: blockchain.news

The post Riot Platforms Acquires 14% Stake in Bitfarms Ltd. appeared first on HIPTHER Alerts.

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Blockchain

Manta Foundation Unveils $50M EcoFund to Foster Blockchain Innovation

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The Manta Foundation has launched its $50 million EcoFund to build a robust ecosystem for leading blockchain projects, as per Manta Network. This initiative demonstrates the foundation’s commitment to funding opportunities and developer support for innovative blockchain ventures.

Funding and Support Opportunities
Starting June 15th, the one-year EcoFund will offer significant financial support through its Ecosystem Grant Program, which provides early-stage projects with grants of up to $50,000. This initial funding is crucial for bringing innovative ideas to life.

Additionally, the EcoFund dedicates $35 million for direct investments in promising projects on the Manta Network. These strategic investments aim to foster high-growth ventures that align with Manta Network’s long-term objectives, promoting a collaborative and mutually beneficial environment.

Diverse Project Focus
The Manta Foundation supports a broad range of projects across sectors such as DeFi, Gaming, NFTs, and more. These initiatives are chosen for their potential to drive consumer adoption and significantly enhance the Manta Network ecosystem.

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Applications for the EcoFund are accepted on a rolling basis, ensuring ongoing funding and support opportunities. The foundation prioritizes projects with robust business models and scalability, aiming to ensure the ecosystem’s financial health and sustainability.

Specialized Funding Categories

In addition to general grants, the EcoFund targets specific high-growth areas:

– AI/DePIN: Focused on using AI and Decentralized Physical Infrastructure Networks for sustainable solutions.
– Zero-Knowledge: Investments in zero-knowledge technology to boost privacy and security in the blockchain space.
– Memecoins: The Moon Mission Grant supports the development and growth of meme projects on Manta Pacific, fostering a vibrant memecoin culture.

Events and Hackathons
To further enrich the ecosystem, the Manta Foundation has allocated $5 million for online and offline events and hackathons. These events aim to attract new developers and users, fostering a culture of innovation and collaboration within the Manta Network community.

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Source: blockchain.news

The post Manta Foundation Unveils $50M EcoFund to Foster Blockchain Innovation appeared first on HIPTHER Alerts.

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