Blockchain
NxGen Brands, Inc. Announces Partnership with Digital Supply Chain and Blockchain Developer to create a Proprietary Cloud-based Framework for Delivery Services and Licensing to MJ Dispensaries Nationwide
NxGen Brands Inc. (OTC: NXGB) (“NXGB” or the “Company”), is pleased to announce that it has partnered with a digital supply chain & blockchain developer to allow the Company to enter into the rapidly growing U.S. cannabis dispensary delivery services market. The partner, Bengala Technologies LLC, is a nationally recognized developer in this field located in West Palm Beach, Florida.
The partnership with Bengala Technologies LLC (https://bengalatech.io), will allow the company to deliver its own proprietary brands of flower and Leafywell™ products, and will allow it to create a national network to provide delivery services for dispensaries across the country. The sale and delivery for recreational and medicinal cannabis is projected to see explosive growth through 2027 reaching $73.6B, and this transaction allows the Company to be at the forefront of the projected wave.
A cannabis dispensary delivery provider must adhere to multiple local, state and national regulations, including licensees, transportation and delivery requirements. The blockchain digital supply chain technology apps to be developed for the Company will address these issues and allow the Company to be compliant and adhere to the regulations across all national markets.
“Angel Burgos, the Company CEO said: “Cannabis companies that provide delivery services – including delivery operators and retailers – are seeing a deluge of orders as customers stock up on marijuana products in the wake of current pandemic concerns. Our hope is that, after opening projected operations in California, Michigan and we will then do the same in Florida. Initially for medicinal delivery services while awaiting pending recreational approval. Internal research has demonstrated that faster delivery can spur increased sales and help to increase revenues.”
Bengala Technologies LLC, achieved excellence in the field of blockchain consulting and development by creating and deploying custom decentralized blockchain and supply apps including Supply Chain, Blockchain and Smart Contract Development applications.
Mr. Arnaldo Detres, the Managing Director of Bengala Technologies LLC, said: “There are so many variants of regulations in the cannabis delivery services and blockchain can meet these regulatory and supply side needs from available inventory and supply to delivery for the proposes of local authentication and validation rules. Blockchain can enable more transparent and accurate end-to-end tracking in the supply chain organizations can digitize physical assets and create a decentralized immutable record of all transactions, making it possible to track assets from production to delivery to end user.”
According to a recent report by ArcView Market Research and BDS Analytics, the global licensed dispensary sales of cannabis will reach $40.6 billion by 2024, registering a CAGR of 24.5%. The US will account for about $30 billion or 73% of the global cannabis dispensing market in 2024. It is projected that by 2024, the retail dispensing sales of legal recreational cannabis will cross $26.7 billion, whereas the revenue generated from the sales of medical cannabis will reach $13.9 billion. The retail sales of THC containing products from licensed dispensaries across the US will feature growth of nearly 300%, i.e., from $8.4 billion in 2018 to more than $24.7 billion in 2024.
The partnership will allow NxGen Brands to produce and ship via its proprietary direct delivery network with the software and technical technologies created by Bengala Technologies LLC, both existing CBD based SKU’s and cannabis-based products. This will allow the Company to market throughout the states which have recreational and/or medical and continue to establish and grow the Leafywell™ branded products. The transaction also aims at interacting with other companies and expanding the licensing deal possible focusing on combining its brands with medical licensed producers, to shape how future cannabis brands operate in the United States.
By Mike Romanenko, CVO and Co-Founder of Kyrrex.
Bitcoin’s recent surge in value has several reasons behind this growth that reflect the broader dynamics of the cryptocurrency market.
Firstly, the global economy plays a huge role. Inflation is still a concern in many parts of the world, and ongoing geopolitical tensions have pushed investors to look for alternatives to traditional assets. Bitcoin, often called “digital gold,” is once again being seen as a hedge against these uncertainties.
The current Bitcoin rally is also influenced by shifting U.S. policy dynamics under Trump’s leadership. Discussions about potentially adopting Bitcoin as a strategic reserve asset for the U.S., along with the appointment of pro-crypto advocates to key regulatory roles, signal a more crypto-friendly environment. Notably, Gary Gensler’s resignation as SEC Chair was followed by significant optimism in the market, with Bitcoin reaching record highs amid speculation about potential successors with more balanced crypto approaches.
Another factor is institutional adoption. We’re seeing more financial giants, including those pursuing Bitcoin ETFs, signaling their confidence in the asset. This kind of backing adds legitimacy to the market and inspires trust among retail investors as well. Bitcoin funds have seen significant inflows recently, with token holdings reaching their highest levels since April 2022. In the past month alone, funds added approximately 22,100 Bitcoin, driven by optimism around Bitcoin ETF approvals and the ongoing rally in the asset. Huge companies like MicroStrategy lead the charge as well. As of November 2024, MicroStrategy holds approximately 331,200 BTC, underscoring their long-term confidence in the asset. Other major players, such as Tesla and Block (formerly Square), also maintain significant Bitcoin holdings on their balance sheets.
Lastly, there’s Bitcoin’s natural rhythm. Its price historically rises in anticipation of the four-year halving cycle, where the reward for mining new blocks is cut in half.
Bitcoin’s growth isn’t just about price increases; it’s about a growing recognition of its role in the financial system. Over time, Bitcoin has proven to be a resilient, decentralized alternative to traditional money. Its success is also a sign of how blockchain technology is pushing innovation in areas like decentralized finance and tokenization.
The role of regulation: connecting Bitcoin’s growth to MiCA
This boom also highlights the importance of clear and fair regulations. Without a solid framework, the market risks instability. That’s where MiCA steps in.
MiCA is a game-changer for the European crypto space. It aims to bring consistency and transparency to the industry, offering much-needed clarity for both companies and investors. This is crucial not just for Bitcoin’s growth but also for the broader adoption of cryptocurrencies.
What’s exciting is that MiCA can help bridge the gap between traditional finance and the crypto world. With clearer rules, more institutional players are likely to join the market, bringing additional credibility to cryptocurrencies like Bitcoin. At the same time, the standardization of regulations across Europe could make the region a global hub for crypto innovation.
Bitcoin’s current boom is a sign of its staying power. But as the market grows, it’s equally important for the industry to evolve responsibly. Regulation, like what MiCA offers, will play a key role in shaping this future by creating a safer and more inclusive environment for everyone.
At Kyrrex, we believe that by balancing innovation with responsible practices, we can help build a financial ecosystem that benefits everyone and contributes to the development of the legal market.
The post Bitcoin’s rise and the role of regulation: what is the MiCA’s impact appeared first on News, Events, Advertising Options.
The winners of the GAM3 Awards 2024 have been crowned! The 21 champions were revealed at a live event presented in partnership with Yield Guild Games (YGG) on November 22nd, marking a well-deserved close to the year and celebration of how far the web3 gaming industry has come.
Following an extremely close competition between the top games, creators, and ecosystems in the industry, our GAM3 Awards victors were revealed during the 2-hour in-person event in Manila and across all major live-streaming platforms. Each game, content creator, and ecosystem managed to top their category to stand out amongst their peers based on their tremendous progress made over the past 12 months.
The 2024 Winners
Here is the full list of winners:
- Best Fighting Game: Champions Ascension
- Best Art Direction: Moonfrost
- Best Browser: Pirate Nation
- Best Mobile Game: Fableborne
- Best RPG: Big Time
- Best Strategy Game: Parallel
- Best Action Game: Off the Grid
- Best Casual Game: Pixels
- Best Sports Game: Sparkball
- Best Adventure Game: Ravenquest
- Best Card Game: Parallel
- Best Shooter Game: Off the Grid
- Best Content Creator: YellowPanther
- Best On-Chain Game: Pirate Nation
- Best Ecosystem: Ronin
- Games’ Choice: Wildcard
- Best Esports Game: Parallel
- Best Multiplayer Game: Off the Grid
- People’s Choice: Pixels
- Most Anticipated Game: MapleStory Universe
- Game of the Year: Off the Grid
Prizes and Partners
Among the exciting updates for our 2024 GAM3 Awards was the increased $5 million prize pool, which consisted of grants, products, services, marketing, and blockchain support from partners such as AWS, XAI, Thirdweb, Aethir, and Community Gaming among others to help finalists and winners grow even further.
This represented a substantial increase from previous years and underscored our event’s commitment to supporting and fostering the next generation of web3 games. In addition to YGG, we also partnered with Arbitrum, Magic Eden, Immutable, Avalanche, and Skale to make this year’s event even bigger and better than previous years.
Jury and Voting
This year’s jury featured over 70 prominent traditional and blockchain gaming figures, with many returning jurors from previous ceremonies. The diverse panel included representatives from powerhouses such as Amazon, Google, Samsung, Ubisoft, Animoca Brands, Immutable, Arbitrum, Blockchain Game Alliance (BGA), Base, Ronin, and Avalanche, as well as content creators and major media outlets such as VentureBeat.
Much like previous years, the voting process saw the jury’s votes represent 90% of the final decision, with the community making up the remaining 10% for most categories except People’s Choice and Best Content Creator, which were both 100% community voting-based, and Games’ Choice, which is based on shortlisted game studios voting for their favorite title game.
Community voting played a role in deciding the final decisions with over 1 Million votes from over 143k unique voters. Early October marked the GAM3 Awards 2024 announcement. Since then, hundreds of web3 games urged their communities to nominate and vote for them across different categories. Thousands of social posts were spread across partners, games, media outlets, content creators, and community members generating over 60 Million impressions.
Final Thoughts
The GAM3 Awards 2024 ceremony on November 22nd saw a peak viewership of 48k CCV, reaching over 450k views in the first 24 hours alone. Off The Grid by Gunzilla Games took home four awards, including the coveted “Game of the Year” award. This was followed closely by Parallel, who claimed an impressive three awards. Pixels and Pirate Nation took home two awards each!
With over 300+ in-person attendees, viewers got to witness gameplay premiers and exclusive premier trailers from Golden Tides, Unfettered, Elumia, Providence, Shrapnel, Raven Quest, Mighty Bear Games, Revenge, Trail Xtreme, Warped, and more! All of which are a testament to the bright future of web3 gaming as we head into 2025 with the event expected to return next November for its fourth consecutive edition.
The post The GAM3 Awards 2024 Winners Announced appeared first on News, Events, Advertising Options.
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