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Ideanomics MEG Announces the Official Launch of Its Energy Services Unit Through Deal with New Infrastructure Service Provider Giant, Zhongsen Tower

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Ideanomics (NASDAQ: IDEX) (“Ideanomics” or the “Company”) MEG is pleased to announce that it has entered into a deal with Zhongsen Tower whereby both parties will establish Zhongsen Tower in Qingdao. Under the terms of the deal, MEG will own 30% of the venture making MEG the largest co-shareholder. The Deal represents the official launch of MEG’s Energy Services Unit and paves the path for MEG to grow its most potentially lucrative division. Additionally, as a significant shareholder of Zhongsen Tower, MEG will be able to capture both reoccurring rental sales revenue as well as energy sales from powering the base stations.

As a reminder, MEG’s business model is based on sales to financing to charging (SFC). While the market opportunities for electric vehicle (EV) sales and financing are substantial, the charging-based energy sales or energy services market opportunity is larger and has reoccurring revenues. According to Zhongsen Tower, there is an estimated six million base stations needed for China’s 5G nationwide network deployment. Through MEG’s deal with Zhongsen Tower, MEG has taken a significant step to monetize its energy sales by powering Zhongsen’s base stations. Base stations are critical components to new energy infrastructure as they are the heart of enabling all things technology-driven such as smart cities, smart shipping ports, IoT, IoV, etc.

Zhongsen Tower is the leading 5G and IoT infrastructure service provider, offering a broad array of services including the build-out of 5G tower infrastructure, as well as leasing and financing of supporting infrastructure. It is affiliated with a division of China Tower Holdings which was ranked 71st in the Forbes Top 100 Digital Companies List and 22nd in the Fortune Future 50 in 2019. Zhongsen’s partners include prominent companies such as China Mobile, China Telecom, China Unicom, China Power Construction, China Railway Construction, State Development Bank, CITIC, China Life, China Agriculture Bank, China Merchant Bank, China State Construction Engineering Corporation (CSCEC), and China Electric.

Wladimir P. is a Content Editor at European Gaming Media and at PICANTE Media and covers a large variety of industries.

Blockchain

Revolutionizing Fintech: 6G Digital & Rune Nilsson’s FlexM Global in a Bold $12.5M Deal Shaking the Banking Industry

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Teletubbies Digital Companions to Launch on the Tezos Blockchain

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MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.

The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.

Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.

Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”

Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”

The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.

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Alarum Announces Exciting Events Lineup and Welcomes Esteemed Advisor to NetNut’s Advisory Board

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