Blockchain
Omni Closes its $2mm Private Token Sale, 10x Oversubscribed, Adds Advisory Team, & Plans Apollo-X IDO & Trading on PancakeSwap on July 16th
Omni today announced that it had closed its Private Token Sale of $2mm and that it would perform its Initial Dex Offering / Public Sale on July 16th on PAID’s Apollo-X IDO platform. The private sale of $10mm was oversubscribed by approximately $20mm (10x oversubscribed). It also announced the addition of key strategic advisors including the crypto industry’s leading Capital Markets & IDO Advisor Orion Depp of Master Ventures & the Master Ventures Polkadot VC Fund & Willy Kerr, Co-Founder of PAID Network’s Apollo-X IDO Platform. OMNI will be the 1st IDO launch in history on Apollo-X’s revolutionary new Initial Dex Offering Platform.
Omni’s CEO Manny Hernandez states, “The Private Sale of OMNI was highly coveted and we were oversubscribed by nearly $20mm, almost 10x the sale amount. We’d like to thank our community for all the support of our project. Our upcoming IDO and PankcakeSwap listing marks a strong step in our long-term goal of decentralizing Omni’s ownership and enabling the user-based monetization of social-media. We intend to build upon the models of Tik-Tok, Instagram, & Facebook with bleeding-edge interactive technology and a financially transparent blockchain-based back-end. We look forward to an exciting IDO on the PAID Network’s Apollo-X platform, the first ever of its kind.”
Petrix Barbosa, OMNI’s Chief Development Officer also states, “Omni intends to be a driving source of inspiration-based wealth internationally. By allowing its users to monetize their own social media content Omni intends to help bootstrap potentially millions of international citizens who are not given the same economic opportunities as those in the Western world. We have recently witnessed Instagram usage in Brazil far exceed that of the U.S. as South American social media influencers seek to better their financial standing in an economically-challenged post-pandemic world. We intend to embrace this movement, create positive societal reform, and raise the bar for social media apps’ responsibility to the world.”
OMNI IDO Advisor & Master Ventures Polkadot VC Fund Manager Orion Depp also states, “Unlike other social media apps who push back against the use of blockchain or those who try to centralize its usage such as Facebook with Libra / Diem, Omni intends to embrace blockchain by using the Substrate framework developed by Parity, one of the backers of Polkadot/Kusama. This gives Omni a huge first-mover’s advantage in decentralizing and allowing for shared social media monetization along with other industry leaders such as Bitclout, SubSocial, or Jack Dorsey’s BlueSky.”
bybit lucky
Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
-
Blockchain5 days agoBridging Innovation and Regulation: How Yellow Network is Transforming Non-Custodial Trading in a Pro-Crypto Future
-
Blockchain6 days ago
Prosper Adds 7,000 More ASIC Miners from BITMAIN To Drive Tokenization of Hashrate as Multichain RWA ; Targets 170MW Capacity With New Strategic Round
-
Blockchain Press Releases6 days agoHTX Ventures Identifies Five Rapidly-Growing Sectors in 2024, Expects Positive Crypto Regulations Driven by Trump Next Year
-
Blockchain6 days ago
Blocks & Headlines: Today in Blockchain (Reserve Bank of India (RBI), Aethir, Blockchain Center Abu Dhabi, Qubetics, )
-
Blockchain3 days ago
50,000+ Mined Coins and 100,000 New Users: EMCD Summarizes 2024
-
Blockchain6 days agoLoan Brokers Market Opportunities and Strategies Report to 2033 – Loan Brokers Market Poised for Strong Growth, Forecasted to Reach $947.9 Billion by 2033
-
Blockchain5 days agoBuilding Bridges in Crypto: Bybit Sparked Dialogues and Joined Industry Leaders at Bitcoin MENA
-
Blockchain3 days ago
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
