Blockchain
Talon Closes US$5MN Series A Round Led by Animoca Brands
Talon, the Hong Kong headquartered competitive gaming, entertainment and culture brand, today announced that it has secured US$5M in equity capital in its Series A financing round. The raise was led by leading digital entertainment, blockchain and gamification company Animoca Brands, which participated in Talon’s seed round investment in 2018, and other investors including Hana Digital Transformation Fund and HZL Capital. Amongst the new investors joining Talon include AK Partners, Token Bay Capital, Foxmont Capital Partners, Arete Capital Asia, BlackPine, Yieldly, PAC Capital amongst other family offices.
This investment builds on Talon’s recent success, which include quadrupled revenues since 2019, strong social media growth and the delivery of multiple championships across numerous titles since its seed round. Talon currently has competitive rosters in six major game titles across five markets within Asia Pacific. The PSG Talon League of Legends team has won three titles in the Pacific Championship Series (PCS) in four seasons since 2020 and has represented the region at both MSI (Mid-Season Invitational) and World Championships in every year of competition, placing among the best teams globally. In Thailand, Talon’s Arena of Valor roster has won two major domestic titles and clinched a world title in the form of the Arena of Valor World Cup in July 2021. Additionally, Talon fields teams in Dota 2, Overwatch Contenders, Rainbow Six Siege, Tekken 7 and Street Fighter V.
Talon boasts over 25 million followers across its combined social platforms. With the capital raised Talon will continue to grow its lifestyle and cultural platform focusing on working with fashion labels, KOLs, musicians and traditional sports athletes to deliver entertainment to the next generation of youth, targeting Gen Z and millennials.
As part of this strategy, a strong focus will be placed into the development of digital and blockchain solutions alongside Animoca Brands to deliver unique experiences, collectibles and opportunities via different metaverses, P2E games and NFT platforms. Additionally, Talon will further expand its regional footprint into South East Asia, focusing on the Philippines, Vietnam and Indonesia and compete in the biggest gaming titles in each respective country.
YAT SIU, executive chairman and co-founder of Animoca Brands, said: “Talon is a great example of how the communities of esports and gaming are converging on blockchain and making use of NFTs. We look forward to working with Talon and the many companies in our investments portfolio in order to bridge these communities and take us one step closer to making the open metaverse a reality.”
NICO SIBAL, Director of Portfolio Management Foxmont Capital Partners, said: “We are especially excited to work with Sean and Talon, the region’s top esports team and brand. We look forward to supporting their timely expansion into the Philippines, where there are over 50 million active gamers across all ages and platforms.”
LAWRENCE CHU, Founder of BlackPine, said: “Talon will shape esports and entertainment for the next generation of players, fans and creators. We look forward to supporting their expansion to SEA, blockchain and P2E games.”
CLAYTON LARCOMBE, Managing Director and CIO of PAC Capital, commented: “The private (unlisted) global esports and gaming space is very exciting. I started to come across many companies looking for funding and Talon stood out among the pack. One of the key reasons for this being the CEO – Sean Zhang, who I came to know as a strong and highly capable leader. Other reasons include the team’s competitive success and the many potential revenue expansion pathways. This is one of the most exciting investments in our portfolio and momentum is well and truly building.”
CHARLES LUCHANGCO, Principal Arete Capital Asia “We have been looking for increased exposure into esports and emerging consumer entertainment. The challenge for us was to find a balance between entrepreneurial drive and institutional investment standards. As such, we are delighted to be partnering with Sean and the Team at Talon.
SEAN ZHANG, CEO of Talon, commented: “Together with our strategic partners and investors, I’m very excited to be entering the next chapter of TALON’s journey. We will continue to add to the trophy cabinet while building an entertainment and culture platform that will allow us to connect ever more deeply with our fans. We are also extremely excited to leverage cutting-edge technology alongside Animoca Brands to develop new ways to engage with fans.”
According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.
The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.
KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.
Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.
Source: cointelegraph.com
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Blockchain
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.
Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.
Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.
Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.
Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.
Source: blockchain.news
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Cronos, a prominent blockchain platform, has announced a collaboration with KYVE aimed at revolutionizing blockchain data, as reported by CryptoNewsZ. This partnership represents a significant step forward in enhancing the efficiency and scalability of blockchain data storage and retrieval.
The collaboration between Cronos and KYVE seeks to leverage KYVE’s decentralized data storage and retrieval solution to enhance the capabilities of the Cronos blockchain platform. By integrating KYVE’s technology, Cronos aims to address the challenges associated with storing and accessing large volumes of data on the blockchain, such as scalability and cost-effectiveness.
KYVE’s decentralized data storage solution utilizes a network of distributed nodes to store and retrieve data, ensuring high availability and reliability. This approach not only improves the efficiency of data storage and retrieval but also enhances the security and resilience of the blockchain network.
The partnership between Cronos and KYVE is expected to unlock new possibilities for decentralized applications (dApps) and smart contracts built on the Cronos platform. By providing a more efficient and scalable solution for blockchain data management, Cronos aims to attract developers and enterprises seeking to leverage blockchain technology for a wide range of applications.
Overall, the collaboration between Cronos and KYVE represents a significant development in the blockchain industry, highlighting the importance of innovation and collaboration in driving the evolution of decentralized technologies. As the partnership progresses, it is poised to deliver transformative benefits for blockchain data management and accelerate the adoption of decentralized applications and services.
Source: cryptonewsz.com
The post Cronos collaborates with KYVE to revolutionize Blockchain Data appeared first on HIPTHER Alerts.
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