Blockchain
VOYAGER DIGITAL ANNOUNCES ESTIMATED REVENUE OF APPROXIMATELY USD$100 MILLION TO $105 MILLION FOR THE QUARTER ENDED MARCH 31, 2022
Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), one of the fastest-growing, cryptocurrency platforms in the United States, today announced preliminary revenue and user metrics for the fiscal 2022 third quarter ended March 31, 2022 and is pleased to provide commentary on the Company’s calendar 2022 growth plans.
“Voyager continued its account growth in the quarter ended March 31, 2022 by adding 115,000 funded accounts which was slightly over a 10% growth from December 31, 2021 and was accomplished during an extremely challenging quarter based upon spot market volume. In the quarter, Voyager delivered on its goal of expanding our products by delivering the first batch of the Voyager Debit Card and adding the Voyager desktop to a significant beta group. We remain focused on positioning our platform as one of the leading players in digital assets for consumers and expect continued customer growth in 2022,” said Steve Ehrlich, Voyager’s CEO and Co-founder. “As discussed at our last earnings call, in 2021 we scaled our technology to accommodate rapid growth as mainstream crypto adoption accelerated and now in 2022 we have begun to deliver on the expansion of our product suite and will continue to roll out new and enhanced products and services as well as geographic expansion.”
The Company is pleased to announce the following Financial and Operational Key Metrics for fiscal 2022 third quarter ended March 31, 2022:
- Preliminary total revenue for the fiscal 2022 third quarter ended March 31, 2022 is estimated between $100 million to $105 million, compared to $164.8 million for the fiscal 2022 second quarter ended December 31, 2021 and $60.4 million for fiscal 2021 third quarter ended March 31, 2021.
- Total Verified Users grew to approximately 3.5 million as of March 31, 2022, up from 3.2 million on December 31, 2021 and 1.0 million on March 31, 2021.
- Total Funded Accounts grew to just under 1.2 million as of March 31, 2022, up from 1.075 million on December 31, 2021 and 274 thousand on March 31, 2021.
- Net new deposits for the fiscal 2022 third quarter ended March 31, 2022 were approximately $395 million, compared to the $1.04 billion for the fiscal 2022 second quarter ended December 31, 2021.
|
Mar 31, 2022 |
Dec 31, 2021  |
Mar 31, 2021 |
|
|
Revenues (millions) |
$100 – $105(1) |
$164.8(2) |
$60.4 |
|
Total Funded Accounts(in thousands) |
1,190 |
1,075 |
274 |
|
Total Verified Users (in thousands) |
3,486 |
3,231 |
1,008 |
|
Net New Deposits (millions) |
$395 |
$1,037 |
$1,037 |
|
Voyager is also proud to announce that its OTCQX Markets listing under the Cusip 92919V405 is now DTCC service eligible.
Voyager will be announcing the results of its fiscal 2022 third quarter ending March 31st on or about May 16th.
For more information about investor events that Voyager will be participating in, please visit www.investvoyager.com/investorrelations/events.
All amounts are in US Dollars unless otherwise indicated.
Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
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Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
Blockchain
CoreNest Capital Announces Strategic Investments in SpaceX, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, and Study Dojo
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