Connect with us
European Gaming Congress 2024

Blockchain

peaq and EWOR’s new program grants Web3 founders up to €150,000 in funding alongside education and networking support

Published

on

peaq and EWOR are launching a new program to jointly support five entrepreneurs with early funding, world-leading educational material crafted by serial entrepreneurs, and unparalleled networking opportunities as they build machine-focused dApps on the peaq network

April 25, 2023 — Peaq Foundation, a non-profit organization supporting peaq, the Web3 network powering the Economy of Things, and peaq’s canary network krest, joins forces with EWOR, a blend of a master’s degree and early-stage VC firm that identifies, educates, and invests in the most promising entrepreneurs with early cheques. The result: A Web3-focused program for founders building decentralized applications for machines, robots, and vehicles. This 10-month program will grant prospective builders, hand-picked jointly by peaq and EWOR, a vast array of skills as well as mentoring and networking, while also backing them with funding opportunities of up to €150,000.

Opening the floodgates of the Great Resignation, the pandemic era also brought about an uptick in entrepreneurship. As hundreds of new founders join the fray, though, the old statistic holds true: About 90 percent of startups fail. In the Web3 space, a new frontier for most mainstream entrepreneurs, failure rate for projects is even higher. On top of all that, the risk-averse investment climate among today’s larger macroeconomic pressures keeps founders awake at night with fundraising concerns

To help daring disruptors reverse these trends, Peaq Foundation and EWOR are launching a unique program for aspiring Web3 founders looking to build Economy of Things dApps on peaq. The 10-month program launched in April, welcoming five entrepreneurs hand-picked by EWOR and peaq from thousands of applicants. The Web3 cohort includes:

  • Andres, the founder of the first PropTech company in Latin America,
  • Radovan, an LSE graduate who bootstrapped his company Kykeon Advisors from $0 to $300k+,
  • Usman, a guest lecturer at Exeter and a passionate technologist with a trove of fintech experience,
  • Faizah, an ed-tech startup co-founder and disruptor passionate about financial inclusion, 
  • Elliot, an experienced data scientist passionate about AI and blockchain. 

The program leverages EWOR’s Education Circle platform with high-quality Web3 courses co-created by EWOR and peaq and grants the students a vast array of mentorship, coaching, and networking opportunities with their peers and investors. It also includes weekly online sessions with seasoned entrepreneurs who have already built successful companies such as Adjust co-founder Paul H. Müller and KW Commerce founder Jens Wasel.  

The most promising projects will be able to leverage the funding opportunities provided by the two organizations. As part of the collaboration with peaq, EWOR may opt to invest in the most promising Web3 EoT projects, signing tickets of €75,000 up to €150,000. Peaq Foundation, on its end, will bolster the builders with funds from its Ecosystem Grant Program and introductions to investors backing peaq. Where relevant, builders will also get introductions with companies and projects participating in the Gaia-X 4FM moveID project that peaq is part of alongside such enterprises as Bosch, Continental, and Airbus.

Advertisement
Stake.com

EWOR’s mission is to focus the world’s smartest people on the world’s biggest problems. Its partnership with Peaq Foundation, which is working on making the Economy of Things fair and decentralized, can generate a massive impact. The goal of the partnership is to empower a handful of entrepreneurs to work on topics such as:

  • Making intimate healthcare data more secure and owned by the people
  • Peer-to-peer solar energy trading
  • Distributing machine-generated income more fairly 

“Disruptive decentralized applications are the crucial component of the Economy of Things on peaq,” says Leonard Dorlöchter, peaq’s co-founder. “By teaming up with EWOR, we are focusing some of the smartest people in the world on some of the world’s most urgent challenges. We are excited to lend our support and skills to the prospective founders and help them transform entire markets and industries with Web3 tech.”

“Impact follows a power law,” says Daniel Dippold, Co-Founder and CEO at EWOR. “A small number of people are responsible for most of the change in the world. Our approach to making impact is to empower the most extraordinary visionaries to build enterprises with global impact. Through our partnership with peaq, we are granting Web3 entrepreneurs a program that will help them bring their ideas to life with all the support they need. We are making sure that the 1% who make 99% of the difference can leverage Web3 to fix the global ills of today.”

Continue Reading

Blockchain

RAK DAO Partners with Phoenix Group PLC (PHX) and Internet of People (IOPn) to Commit $100 Million Investment to Boost Web3 Innovation in Ras al Khaimah

Published

on

rak-dao-partners-with-phoenix-group-plc-(phx)-and-internet-of-people-(iopn)-to-commit-$100-million-investment-to-boost-web3-innovation-in-ras-al-khaimah

 

 

Phoenix Group PLC and IOPn commit to investing $100 million to drive innovation and attract top Web3 talent to Ras al Khaimah by 2030.

This partnership aims to create a thriving ecosystem for blockchain and digital assets in the region.

Advertisement
Stake.com

RAK DAO, the world’s first and only Free Zone with Common Law features established to support digital assets companies, has entered into a strategic partnership with Phoenix Group and IOPn. This collaboration aims to drive innovation, foster economic growth, and further position Ras al Khaimah as a global hub for Web3 pioneers. Phoenix Group, an ADX-listed company, is a leader in web3 development in the UAE. IOPn is an integrated Web3 ecosystem that leverages blockchain, AI, and cutting-edge spatial computing.

As part of the partnership, Phoenix Group and IOPn have committed to investing $100 million into the Emirate of Ras al Khaimah by 2030 leveraging RAK DAO’s infrastructure. This substantial investment underscores Phoenix Group and IOPn’s dedication to stimulating innovation and attracting top-tier professionals to the region within the Web3 space. The partnership seeks to target, encourage and attract highly-skilled individuals in Web3, crypto, blockchain, and developer domains to the region. Phoenix Group and IOPn aim to enrich the local talent pool by leveraging initiatives such as the Golden Visa programs and RAK DAO business licenses through investment. By nurturing top-tier talent, RAK DAO, Phoenix Group and IOPn seek to create a thriving ecosystem that harnesses cutting-edge technologies – including blockchain, spatial, and cognitive solutions for economic development and sustainability.

Dr. Sameer Al Ansari, CEO of RAK DAO has expressed, “We are thrilled to welcome Phoenix Group and IOPn as RAK DAO’s Ecosystem Partners. The $100 million investment marks a significant milestone in our mission to establish Ras al Khaimah as a premier destination for Web3 innovation and talent. By leveraging Phoenix Group and IOPn’s expertise and resources, we are poised to further enrich our dynamic ecosystem that fosters cutting-edge technologies and attracts the brightest minds in the blockchain and digital asset sectors.

This collaboration underscores our commitment to driving economic growth and sustainability through technological advancements. We look forward to welcoming top-tier professionals and pioneering initiatives that will redefine the digital landscape of Ras al Khaimah.”

Mr. Seyed Mohammad Alizadehfard (Bijan), Co-founder & Group CEO of Phoenix Group, elaborated on the new strategic dimensions of the partnership, stating, “Our joint venture marks a pivotal expansion of our commitment to blockchain infrastructure aimed at enhancing the technological landscape in Ras al Khaimah. Our partnership will not only drive innovation but also strategically position the Emirate as a leading center for blockchain excellence globally.”

Advertisement
Stake.com

Mr. Mojtaba Asadian, Founder and CEO of IOPn, added: “IOPn builds on the visionary leadership of Ras Al Khaimah and the supporting environment created by RAK DAO to provide a unique opportunity for top-rated world talent to innovate and create value. IOPn is doing this by offering a powerful new Web 3.0 ecosystem and using the significant proven capabilities of Phoenix Group. We’re thrilled to be embarking upon this partnership with RAK DAO in collaboration with Phoenix Group.”

At the heart of this collaboration lies a commitment to access and nurture top-tier talent within the blockchain and Web3 industries. By enriching the local talent pool and fostering an environment conducive to innovation, RAK DAO, Phoenix Group and IOPN aim to drive forward-thinking initiatives that redefine the landscape and highlight the Emirate of Ras al Khaimah as an attractive destination for top talent. This six-year partnership and substantial investment underscore their dedication to stimulating innovation and attracting top-tier professionals.

 

The post RAK DAO Partners with Phoenix Group PLC (PHX) and Internet of People (IOPn) to Commit $100 Million Investment to Boost Web3 Innovation in Ras al Khaimah appeared first on HIPTHER Alerts.

Advertisement
Stake.com
Continue Reading

Blockchain

xPortal Enhances Solana Crypto-to-Cash Experience with New Ecosystem Integrations

Published

on

xportal-enhances-solana-crypto-to-cash-experience-with-new-ecosystem-integrations

 

 xPortal, the ultimate financial super app for everything money, developed by the MultiversX team, is thrilled to announce significant enhancements to its platform, aimed at elevating the Solana ecosystem experience for both new and existing users.

These updates include the ability to top up xPortal Debit Cards with SOL, the listing of numerous SPL tokens, and the integration of leading SOL dApps in xPortal’s Discover section, the app’s multi-chain dApp hub. This development further cements xPortal’s role as a unique bridge between the digital and physical worlds, facilitating seamless transitions from crypto to cash for holders of top cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), MultiversX (EGLD), Solana (SOL), and Polygon (MATIC).

Starting today, xPortal users can effortlessly top-up their xPortal Debit Cards with their SOL holdings. This new feature allows Solana enthusiasts to use their crypto for shopping easily and manage their finances quickly, making it simpler than ever to transition from digital assets to real-world spending power.

Advertisement
Stake.com

Additionally, xPortal now supports over 20 Solana-based SPL tokens, providing users with expanded opportunities to manage and interact with their favorite Solana assets. The new tokens available on xPortal include $PYTH, $IO, $JTO, $WIF, $BONK, $JUP, $RAY, $BOME, $HNT, $POPCAT, $BEER, $USDT, $USDC, $LINK, $LDO, $FTM, $RPL, $SUSHI, $DADDY, and $BODEN. This extensive list ensures that users can now enjoy a comprehensive Solana experience directly from the xPortal app, with more tokens being activated weekly.

The xPortal Discover section has also been enhanced with the addition of top-tier Solana decentralized applications (dApps). Users can now explore and interact with premier Solana dApps, including Jupiter Exchange, Raydium Protocol, and Kamino Finance.

Sergiu Biris, Head of Product at MultiversX and xPortal Lead, commented on the update: “These latest developments are a testament to our dedication to providing a complete experience for our users and represent a significant step forward in our mission to bring blockchain technology into the mainstream and make crypto payments the norm.”

“We’ve spent considerable time equipping xPortal with a unique set of features that make it stand out: unmatched simplicity and ease of use, beautifully abstracted complexity, the ability to bridge physical and digital realms, and many others. We’re excited to make access to all these features ecosystem-agnostic,” Biris added.

 

Advertisement
Stake.com

The post xPortal Enhances Solana Crypto-to-Cash Experience with New Ecosystem Integrations appeared first on HIPTHER Alerts.

Continue Reading

Blockchain

ChainSwap Adds BNB Chain to Their Decentralised Exchange

Published

on

chainswap-adds-bnb-chain-to-their-decentralised-exchange

ChainSwap, a multi-chain decentralized exchange (DEX), has integrated BNB Chain into its platform, adding to its growing list of supported networks. The new integration will enable users to conduct transactions on the BNB network, with plans for cross-chain transactions in the near future.

The incorporation of BNB Chain has seen ChainSwap continue to expand its multi-chain DEX, cementing its commitment to provide users with a secure platform for seamless cross-chain transactions. This is enabled by Chainlink’s Cross-Chain Interoperability Protocol (CCIP), delivering unparalleled security and privacy for transactions taking place on the platform.

Fitzy, Founder and CEO of ChainSwap, was emphatic on the importance of the new integration: “Integrating the BNB chain on our network will help our users navigate Web 3 space, and plays into our mission of growing, and becoming increasingly interoperable”.

With plans to enable cross-chain transactions between BNB Chain and other leading blockchain networks, ChainSwap aims to further expand the utility of its seamless cross-chain transactions for users.

Advertisement
Stake.com

The post ChainSwap Adds BNB Chain to Their Decentralised Exchange appeared first on HIPTHER Alerts.

Continue Reading
Advertisement
Stake.com
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE