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After Successful VC Rounds, Inery Token is Live On Huobi 

Press Release: $INR is live on Huobi, after successful VC rounds and several strategic partnership announcements. Trading officially opened at 13:00 UTC today, September 28th. The listing is an important milestone for Inery on its journey to revolutionize how data is handled on the decentralized web.

September 29, 2022 – Inery, a decentralized data system envisioned to enable a new paradigm for data management, has listed on Huobi exchange, one of the world’s leading crypto exchanges, supporting over 1000 trading pairs and more than 600 cryptocurrencies. This will help bring Inery’s vision to the markets and onboard more people in its mission to reshape the world through the paradigm shift in data management.

Inery Decentralized Data System

Specifically designed to address database management by integrating blockchain functionalities and distributed database properties, this project aims to enable interoperability between different industries without compromising security, speed, or performance.

Inery Decentralized Data System will enable users to read, write, delete, and control their data, ushering in a new decentralized and secured internet era, where data loss and misuse will no longer be an issue. With a proprietary blockchain running on MEM (memory) nodes, Inery is able to ensure this, while adding a level of encryption guaranteeing data privacy.

Made to not only provide an upgrade to Web3, but also be more eco-friendly and cost-efficient, Inery is a project offering real-world use cases to individuals, enterprises, and governments in the space of healthcare, GameFi, finance, and more. 

The $INR token is the network’s native token, used to secure and empower the Inery ecosystem. 

Successful VC Round, Partnerships, Recognition

The listing comes after Inery carried out successful investment rounds, where it saw VCs like Global Emerging Markets (GEM) invest $50 million. Other venture capital investors to join Inery include Metavest who invested at a valuation of $128 million, Nebulous Holdings AG, Zazen, Menas Global, Cap Lion Point, and Truth Ventures. 

To develop use cases, Inery also announced strategic partnerships with Sadiqa, Crescotec, NexBloc, and the award-winning global marketing firm – Luna PR.

In recognition of their achievements, Inery has already received prestigious awards in the blockchain space. It was recently accoladed as the “Best Emerging Blockchain Solution” at the Leaders in Fintech 2022 Awards and its CEO Dr. Naveen Singh received the “Blockchain Leader of the Year” award at the prestigious GB Tech Awards. 

Inery is also one of the few projects to have a public testnet launch in August ahead of its listing. Its successful testnet release with over 160 nodes allowed developers to test the different functions and features of its blockchain. With the feedback received, it will move ahead with its mainnet expected to launch in Q1 2023.  

INR is currently live on Huobi with the trading pair INR/USDT. The trading officially opened today at 13:00 (UTC), and withdrawals begin tomorrow, September 29, at 13:00 (UTC).

During the first month of trading $INR on Huobi, traders can provide liquidity in the staking pools for staking rewards and transaction fees. Traders can also benefit from INR trading competitions to win awards in prize pools during the same period. Besides staking campaigns and trading competitions, they will run KOL competitions. Follow Inery’s announcements on Twitter and Discord to stay updated. 

Inery is led by Dr. Naveen Singh, CEO and Founder; Ivan Vujic, CTO and Founder, and Simon Murray, founder of Orange Telecom – CBE and Chairman. Mr. Satjiv S. Chahil, former Vice President of Global Marketing at Apple, recently joined the Advisor board as the new Principal Advisor prior to the $INR listing to help drive mainstream adoption. 

About Inery

Inery is a layer-1 blockchain solution that provides a decentralized, secure, and transparent foundation for distributed database management. Inery envisions a paradigm shift in data and database management by integrating blockchain technology and distributed database synergies.

 

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Cross-chain Platform 3air Launches Token on Mexc Exchange, as it Connects People through NFTs

Press Release: 3air launched its BSC token On Mexc Exchange on September 22nd and is using NFTs for broadband connectivity through its cross-chain platform

 

28th September, Dubai, UAE – Bitcoin-based internet connectivity solution 3air has launched its token today on Mexc Global with the ticker $3AIR. The BSC is bridged for cross-chain compatibility, with two chains already live on its platform. 3air has also launched a marketplace with the goal of a type of NFTs that provides a new form of utility for users across the world as the company continues to help African nations connect to the internet.  

 

What Is 3air?

3air focuses on providing viable broadband coverage and internet connectivity to developing nations using its proprietary broadband internet technology. With the help of one of its new partners, K3 Telecom who is developing the necessary physical infrastructure (mobile internet base stations), 3air is developing the accompanying blockchain-based software to make broadband available to low-connectivity regions. 3air services already are live in Sierra Leone and will expand to the Democratic Republic of Congo, Ethiopia and Nigeria next. 

 

Limitless Connectivity Through NFTs 

3air has devised an inventive new way to turn NFTs into connective devices. Users will now be able to acquire 3air services through the power of their NFTs. 3air has designed two different types of NFTs, each with its own purpose: Connectivity NFTs, and Device NFTs. 

 

Device NFTs

Device NFTs identify the user through their hardware, allowing 3air to provide its broadband services to the holder’s devices. The hardware, its serial number, and other unique info will be identified through an image. The device NFT enables users to utilize their connectivity at various locations, so being connected to 3air by a router at home and at work would equate to 2 devices NFTs. 

 

Connectivity NFTs

Connectivity NFTs relay the exact information about what services are needed to be provided to the Device NFTs. Once users activate the NFT in the 3air marketplace they will choose the type and location of the services that they want. When activated, the NFT will correct its initial intrinsic value from the USD nominated value to the exact service and provider. Once the 3air platform connects to other providers the NFTs will be completely transferable within the ecosystem across all geographic locations & services. 

 

Cross-chain compatibility on OKC

3air has announced that it will deploy its NFTs marketplace on OKC. The platform will enable users new functionalities such as the ability to mint OKC tokens & distribute NFTs with a focus on cross-chain compatibility. 

 

3air users can select OKC from their DeFi wallets, and interact with the NFT marketplace to buy, sell, and store their NFTs in the marketplace. This level of flexibility, and the utility of the NFTs will combine to bring broadband internet connectivity to cities in Africa, and be more accessible to a broader range of users. 

 

3air & K3 Telecom 

Earlier in September 3air and its partner, Swiss-based global telecommunication operator K3 Telecom provided a school in Freetown, Sierra Leone, with free internet connectivity, giving students greater access to educational resources and opportunities.. 

 

3air Token & Listing

3AIR is the only token integrated into the 3air ecosystem and has a current total supply of 830 million tokens to increase value and liquidity. The 3air token launched on MEXC Global exchange on Thursday 22nd November and Pancakeswap is currently being traded against USDT and BUSD.  

 

For more information about 3air and its mission to make the internet available to all, visit its website here.

 

Media Contact

Contact Name: Ruba Aramouny

Contact Email: [email protected] 

 

3air Socials

Twitter | Discord | LinkedIn | YouTube | Telegram

 

3air is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

 

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Sparkadia’s AAA-Game NFT Collection Built by Gaming Industry Veterans Now Available to Buy on Rarible

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Press Release: Key figures from pioneering gaming studios have launched an Interconnected AAA-game Ecosystem called Sparkadia, which has just released its first-ever NFT sale on Rarible. 

 

22 September 2022, Los Angeles –  Worldspark Studios, the studio behind Sparkadia, has launched its first-ever NFT sale, the “Sparkadia Origin Collection”. Powered by Immutable X, this initial collection of NFTs went live on Rarible and TokenTrove on September 20th, 2022. 

What is Sparkadia?

Sparkadia is an “interconnected ecosystem of AAA-level games, brought together by a central hub world where players can jump between each game to see their characters and stories come to life.” Worldspark describes this hub-and-spoke model as an “arcade”, shying away from the metaverse buzzword and instead describing their hub world simply as the lobby of the arcade. 

Each of their games serves as a metaphorical arcade machine. The goal is to give people an actual reason to visit this virtual space, wanting players to fully immerse themselves in Sparkadia and express their virtual identity through the games they play within it.

Edenbrawl Early Gameplay

Sparkadia’s first game, Edenbrawl, is a frenetic mashup that many are calling “League of Legends meets Rocket League”. The team claims their greatest strength is that Edenbrawl is already fully playable and early feedback from influencers, content creators, and guilds in the space has been overwhelmingly positive. While the game is not open to the public yet, early gameplay footage and recorded play sessions are available to watch on Youtube. 

Gaming with Blockchain, not Blockchain with Gaming

Key to Sparkadia’s vision is their plan of truly fun games that are enabled by blockchain, not driven by it. They believe that mass adoption comes not with earning from Web3 games, but rather educating players on the benefits of asset ownership and interconnectivity. To that end, they’ve proudly stated that zero assets or NFTs within their first game Edenbrawl affect gameplay, meaning there are zero pay-to-win elements.

 

Additionally, they’ve announced that they are not supporting any passive income or yield generation type assets, believing that players will come because they enjoy playing the games and that the intrinsic utility of fun is more significant to players than potential earning. You can find additional information on their economic model on their whitepaper found here. 

The Sparkadia Origin NFT Collection

Their Origin collection is a set of 8 individual ‘Hero’ NFTs that when collected in full, provide sweeping bonuses across the Sparkadian ecosystem. Collectors are encouraged to acquire a full set for maximum bonuses including a unique in-game trophy, increased in-game currency generation, and even discounts on their future sales.

Despite the bear market, the Worldspark team was excited to announce their game to the world. With zero community presence prior to the announcement of their sale a month ago, they’ve since exploded in growth, massively growing their following on Twitter, Discord, and Telegram.

The sale is now live and the NFTs can be purchased at Rarible. 

About Worldspark Studios

Worldspark Studios is a remote game development studio with the singular vision of making the world a little brighter through immersive experiences that fill audiences with optimism and empower everyone to find and utilize the unique spark inside them. Simply put, the company’s goal is to create a world that leaves players happier and healthier than when they first logged in. 

Their team of AAA vets played major roles in creating renowned titles like Destiny 2, Halo, League of Legends, Legends of Runeterra, Valorant, Heroes of the Storm, and many others. For full details on the collection, please visit Sparkadia. 

 

Media Contact

Contact Name: Chandler Thomlison

Contact Email: [email protected] 

 

Sparkadia Links

Website | Twitter | Discord | Explore | Telegram

 

Sparkadia is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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Web3 Telecommunications Startup Wayru Launches Decentralized Internet Network

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Press Release: Web3 telecommunications startup Wayru.io is launching its decentralized Internet hotspot network & Genesis hardware devices to usher in a new era of connectivity. 

 

9th August 2022, Miami – The Wayru ecosystem enables anyone to buy its Hotspot Pool Tokens to support the network, or become an even more integral part of the Wayru infrastructure by owning one of the first 1,000 Genesis hardware devices. 

 

The Lack of Connectivity

In 2011 the United Nations released a report declaring that internet access was a human right, citing it as a key means by which individuals can exercise their right to freedom and expression. Despite this seemingly huge step forwards to a more connected world occurring over 10 years ago, only 35% of people in underdeveloped nations have access to the internet.

 

This lack of connectivity in developing nations, largely due to the inaction of a few established telecommunication companies, has opened the door to new innovators like Wayru to pioneer its unique, blockchain-backed solution, and address the long-standing issue. 

 

What is Wayru?

Backed by Borderless, the Algorand Foundation & other Industry investors, Wayru is an emerging Web3 telecommunications startup that has developed a radical new globally-compatible Hotspot network and a hardware device (known as Genesis) for individuals to share their internet connection in exchange for cryptocurrency.

 

The Wayru sharing economy model provides the basic framework for communities, entrepreneurs, and small businesses to build, own & operate Internet networks independently. The network will focus heavily on eliminating the significant operational costs plagued by centralized internet networks. Wayru handles telecommunications, processing, and other transactions on the network using Algorand’s Blockchain.

 

Wayru Founder and CEO Charvel Chedraui stated that: 

 

“The Internet has changed the world more than anything else in history, and providing access to everyone in the world can bring collective changes so massive that are very hard to predict. A decentralized version of how Internet access is distributed today would allow people to achieve digital freedom, economic independence, and community development.”

 

Wayru to Deploy Hotspot Pools

Wayru Hotspot pools are a hybrid network of Hotspots with cutting-edge radio fiber-quality mesh technologies. Starting at first in the heavily populated but under-connected Latin American cities of Quito and Guayaquil, Wayru will deploy Hotspot Pools across businesses, homes, and public areas for millions of people to use. 

 

With no setup cost and a free first month of service for early adopters, the Hotspot pools are the easiest way for individuals to invest in the infrastructure and start earning the platform’s native $WRU token. 

 

 Each pool contains a minimum of 1,000 Hotspots. The pools are tokenized for anyone to invest in by buying Pool Tokens, and the number of ‘pool tokens’ in each pool varies with the pool’s location and the number of Hotspots within it. All rewards are equally distributed among holders, so the more tokens you hold the more rewards you earn.

 

Pool Token Rewards 

For every $100 in revenue generated from using the Network, roughly $40 keeps the Network running, leaving a $60 reward. This is split between Wayru and Pool Token Holders, with Holders receiving exactly two-thirds and Wayru one-third. The first batch will have 10,000 Pool tokens available priced at $50 USD per token. Pool tokens can be bought using WRU, ALGO, USDC, or USD 

 

Genesis Device

The Wayru Genesis device acts as a WiFi hub that lets people share their internet connection for crypto rewards. The devices will go on sale today, Tuesday, August 9th, and are expected to ship in late Q3 2022. The first round of devices will also come with an early-bird reward of between $50.00 and $100.00 worth of WRU, so there is no better time to get in on the ground floor and be a part of the next big revolution of global connectivity.

 

WRU Token 

The $WRU token is a proprietary token running on Algorands blockchain. The full max supply of 10 Billion tokens will be minted as genesis but locked to the network until network usable commences. The token will be distributed as rewards for Hotspot pool token owners, Hotspot operators, and stakers, for their contribution to the network. Just 1% (100 million) of the token supply will be released at the public sale which will take place sometime early 2023, with the remainder dispersed over years as rewards. 

 

The Wayru revolution will kick off on Tuesday the 9th of August with a presale that will offer the first 1,000 Genesis hardware devices and Hotspot Pool tokens to the world. With two very enterprising options available, and a huge gap in the market, the Wayru presale offers a great opportunity for anyone to be a part of the new era of global connectivity. 

 

Media Contact

Contact Name: Charvel Chedraui

Contact Email: [email protected] 

 

Wayru Socials

Presale | Twitter | Discord

 

Wayru.io is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

 

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XELS Positions NFT-Based Platform as Future of Corporate Climate Action Disclosure

Press Release: Corporate climate action disclosure platform Xels uses NFT-based platform to promote a greener, healthier planet. 

 

June 20th, 2022, Tokyo, Japan – Eco-technology platform Xels is positioning itself as the future of decentralized climate action disclosure for corporations seeking transparency in their carbon emissions reporting. Xels allows corporations to produce and maintain nft-based records of their carbon offset activities that are certified, traceable, and provide accuracy, as well as being cost-effective for the enterprise world.

 

More and more corporations see managing their carbon footprint as a critical part of their corporate social responsibility (CSR), driving a carbon offset market that is estimated to be valued at between $40 billion and $120 billion. Moreover, the absence of transparency in climate change and carbon emissions reporting results in customers` distrust in what companies promise, their difficulties in following through the supply chain, and a lack of investor confidence in their pledges.

Xels is repositioning the carbon credit focussed sector of the NFT space to focus on transparent ESG reporting with tokenization as a supplementary feature. Xels believes this will remedy the acute problem of the tokenization and exchange of carbon credits in the space. 

 

Speaking about the Xels platform, a spokesman for Xels commented: 

 

“Many of the world’s largest companies  are pledging to take world-changing action on climate change. But the question remains as to whether these actions are verifiable and whether bold statements are misleading stakeholders such as investors. When it comes to climate change, we’re missing the bridge that links consumers, businesses, and investors in a functioning marketplace. Blockchain technology is the missing link that brings consumers, businesses, and investors together on climate change as it lets us account for carbon emissions and transfer verifiable climate action.” 

 

A Step in the Right Direction

Xels recognizes that the use of NFTs creates several issues when it comes to the exchange of carbon credits; the lack of transparency regarding minting retired credits as NFTs. This issue has also been highlighted by three of the largest carbon credit standards providers.

 

Xels takes a holistic approach with its solution by weaving new connections between many distributed parties around standards and data sharing and has the potential to improve existing mechanisms. The platform not only makes use of the inherent transparency of decentralized ledger technology, but combines that with an effective reporting system which leverages satellite monitoring and AI-driven analysis to verify corporate ESG claims. Consequently, this boosts companies’ ability to defend these claims to stakeholders, including customers and other companies in the value chain.

 

Corporations can also upload macroscopic information such as photos of carbon offset projects to be verified by the Xels platform, which serves to create an accessible input system for corporations without the resources of the largest in the world. Additionally, Xels’ focus on reporting sets it apart from other NFT-based carbon credit platforms. Xels allows corporations to store their full reporting cycle, meaning the platform can ensure climate action  data is up-to-date and accurate. This further increases the credibility of claims made though the platform. 

 

Finally, whilst Xels intends to launch publicly on the Ethereum blockchain initially, the Xels team are quickly looking to migrate to a low-energy blockchain to address energy consumption concerts in the near future.

 

About Xels

Launched in 2018, Xels is an eco-technology platform offering a bespoke enterprise blockchain, coupled with a carbon credit-backed digital asset, for companies seeking a transparent and secure way to offset their adverse environmental impacts. The platform uses cutting-edge satellite and artificial intelligence technology to quantify the actual amount of carbon sequestered by ecological projects, including protected ecosystems and reforestation campaigns.

 

Xels leverages the experience of an expert team to provide integrated end-to-end solutions to combat climate change, led by Takeshi Nojima, a veteran start-up builder, with high-level experience in software, system and game development.

 

For more information about Xels and its mission to combat climate change using DLT, visit their website here

 

Follow XELS on Twitter

Join the XELS community on Telegram 

Stay up-to-date with XELS on Facebook

Follow XELS on Instagram

 

Media Contact Details

Contact Name: Mitch Hammer

Contact email: [email protected]

 

XELS is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 

 

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ZooKeeper dApp to Launch on Avalanche

Press Release: Yield-farming dApp ZooKeeper is launching on Avalanche on the 3rd of April, enabling users to take advantage of both networks by cross-chain transferring their $ZOO tokens, and ZooNFTs. 

 

4th April 2022, GENEVA, Switzerland — ZooKeeper is delighted to announce that its dApp is officially coming to the Avalanche network. ZooKeeper is the popular yield-farming dApp of the ZooEcosystem and will go live on Avalanche on the 3rd of April. Farming has been scheduled to begin later on the 13th of April to allow new users time to familiarize themselves with the platform.

 

What is ZooEcosystem?

ZooEcosystem is a blockchain gaming-oriented ecosystem with a multi-chain focus and a strong cross-community spirit. The ecosystem provides numerous unique benefits, such as: 

 

  • Multi-chain access: Farm $ZOO tokens and trade ZooNFTs on several networks (Avalanche and Wanchain, with more to come);
  • Access to an NFT Marketplace: Trade ZooGames NFTs and more on OpenZoo;
  • Multi-chain gaming: Connect to ZooGames from any available chain and play fun games.

 

ZooKeeper dApp

ZooKeeper was created in order to fuel the ZooEcosystem with liquidity. It is an innovative dApp that uses ZooNFTs to boost liquidity mining. Users have access to these NFTs which have a real use case – enhancing LP farming, on top of their inherent trading possibilities.

 

On ZooKeeper, users can make use of $ZOO tokens in many ways such as farming (The Zoo), staking for NFTs (The Expedition), in the creation of more powerful NFTs (Crafting), or making use of them in trading NFTs (The Market). Expedition and Crafting are currently only live on Wanchain and will be integrated soon after farming on AVAX.  

 

What Avalanche Means for ZooKeeper

Expanding ZooKeeper to Avalanche chain will provide an opportunity for new users to join the ZooEcosystem and give them access to $ZOO tokens. It will also allow users to take advantage of both networks and cross-chain their ZooNFTs (via the ZooNFT bridge). Users can also cross-chain their $ZOO tokens, using the new wrapped vZOO token, which is used as follows:

 

  • Safely use the cross-chain function for the $ZOO token with a Vault lock type mechanism;
  • As a primary in-game currency while playing ZooGames.

 

How to buy $ZOO

With the deployment of ZooKeeper on Avalanche, the $ZOO token has become available for purchase on several additional decentralized exchanges (Trader Joe, Pangolin). More information on how to obtain $ZOO can be found through this link. 

 

The ZooKeeper launch on the Avalanche network represents a new milestone achievement for the ZooEcosystem team and opens the door to a lot of exciting opportunities for both new and existing members of the ecosystem. To learn more, check out the ZooKeeper dApp here. 

 

ZooKeeper Links 

dApp | Medium | Telegram | Twitter | Docs

 

Media Contact Details

Contact Name: David

Contact Email: [email protected]          

 

ZooKeeper.finance is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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Acta Finance Enters The Avalanche Ecosystem After Successfully Rebranding From ADA Finance

Acta Finance Enters The Avalanche Ecosystem After Successfully Rebranding From ADA Finance

Press Release: DeFi ecosystem, ADA Finance, has rebranded to Acta Finance, launching a new native token $ACTA, as well as developing its own AMM, ActaFi Swap.

 

March 14th, 2022, Mahe Victoria, Seychelles – ADA Finance, a pioneering decentralized finance (DeFi) ecosystem which will operate on Avalanche initially, has successfully completed a rebrand, changing its name to Acta Finance (ActaFi). In addition to this rebrand, the ActaFi team have also been developing their own native Automated Market Maker (AMM) protocol, ActaFi Swap.

 

The ActaFi team took the name ‘Acta’ from the latin phrase ‘Acta non verba’, which translates to ‘deeds not words’ reflecting the team’s focus on substantive development and community building within the crypto space. 

 

Commenting on the rebrand, ActaFi’s CEO & Founder, Christof Waton, said:

 

“Initially, we only wanted to launch on Cardano, but we couldn’t risk oru investors’ funds developing on an early-stage blockchain that is still prone to vulnerabilities and scalability issues. Therefore we started to develop the same ecosystem, within the same project, on Avalanche in parallel. The name ADA Finance limited the interest of people that are anti or neutral towards ADA / Cardano, with our token on Avalanche and utilities on Avalanche, it was better to perform the rebrand to a neutral name, hence Acta Finance.” 

 

Pioneering the DeFi space

ActaFi’s rebrand is accompanied by several new feature releases and announcements which will lay the foundation for ActaFi Swap. The first is an onchain affiliate program which will incentivise Acta community members to attract new users to the ecosystem, encouraging organic community growth. 

 

This will work in conjunction with the onchain staking of $ACTA, the ecosystem’s new token. Users will be able to stake $ACTA in the normal way, maturing their stake to claim governance rights in the ecosystem’s new decentralized autonomous organization (DAO) when it becomes available. 

TGE incentives for $ACTA will be made public on April 5th, 2022 and both $ACTA staking and the ecosystem’s affiliate program are currently being audited by Solidity Finance. 

A New Approach to AMMs

ActaFi’s new AMM, ActaFi Swap, is set to launch later in 2022 and will include several new features which put it at the cutting edge of AMM protocols.

Firstly, ActaFi Swap will follow Uniswap v3’s concentrated liquidity model, a model that allows liquidity to be allocated within a custom price range. Although this requires more maintenance than the passive function adopted by most common AMMs, the ability to customize price ranges  allows liquidity providers to provide their capital in a more efficient way according to their needs. As a result it is preferred by experienced digital asset managers, market makers and funds as it allows them to act more dynamically to market changes. 

 

Secondly, the ActaFi team is targeting decentralization and interoperability from the offset like competing aggregators, such as 1inch. This will provide maximum liquidity for the ActaFi ecosystem, ensuring that the AMM can achieve the most efficient prices for its assets. 

 

Finally, ActaFi Swap will include a token bridge as a secondary function built into the swap, allowing users to benefit from access to greater liquidity for an asset on other blockchains (e.g. Ethereum, Cardano and Avalanche.). Consequently, users have the best possible price outcome for the assets they want to exchange. This is a feature of the most sophisticated DeFi ecosystems, but is often too complex for regular users to make use of. ActaFi Swap will simplify the user experience to make toke bridges more accessible to the regular user. 

 

For more information on ActaFi Swap, read this blog

 

Building on a Year of Success 

 

Both ActaFi’s rebrand and the development of its own AMM follow a year of positive press, business development and community building for the ActaFi team. The team received an award for Best DeFi Project of the Year at the AIBC Summit in Malta in November 2021. Consequently, the team attracted the attention of several KOLs in the crypto space, including over 70 YouTubers with a global reach of over 8 million people. The team also managed to secure an investment from Roger Ver (AKA Crypto Jesus), former CEO of Bitcoin.com and early investor in Bitcoin.

 

The ActaFi team are now leveraging this success to position themselves at the forefront of the DeFi space, with the rebrand putting emphasis firmly on development. 

 

For more information on how Acta Finance is positioning itself as a leading innovator in the DeFi space, visit their website here. 

 

Follow ActaFi on Twitter 

Join the ActaFi community on Telegram 

Connect with ActaFi on LinkedIn

Stay up-to-date with ActaFi on Medium 

 

Media Contact Details

Contact Email: [email protected] 

 

ACTA FINANCE is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

 

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RR2 Capital Expands Portfolio with Strategic Investment in DAG-based DeFi Platform Aleph Zero

Press Release: RR2 Capital is expanding its disruptive technology investment portfolio, announcing a strategic investment into privacy-preserving platform, Aleph Zero.

 

February 14th, 2022, Lisbon, Portugal – RR² Capital, a pioneering venture capital firm empowering the ‘new internet’, has announced a strategic investment in cutting-edge DAG-based DeFi platform Aleph Zero. The move forms part of a calculated expansion in RR²’s disruptive technology investment portfolio, which is spearheaded by a thesis centered on digital assets, blockchain technology, A.I. and Machine Learning.

 

The investment took place through RR² Capital’s participation in a private funding round during November 2021. With over 7 years experience as an incubator for more than 120+ disruptive start-ups RR² is poised to accelerate Aleph Zero’s rapid growth.

 

Aleph Zero at the Forefront of a DeFi Revolution

Aleph Zero plans to deploy the funding received in the strategic investment to expand efforts in the DLT’s ecosystem development and marketing, alongside a boost to the progressive team of blockchain visionaries driving forward the project’s roadmap. 

 

Substantial progress has already been made since the closure of the initial funding rounds, in just three months Aleph Zero has managed to engage a total of 30 staff on a full-time basis – including 20 software developers. The investment has also enabled Aleph Zero to bring in the expertise of more than 20 project consultants and advisors. 

 

Part of the strategic investment is focused on bringing awareness to the important transition into fast, low-cost, privacy-enhancing, and highly scalable blockchains that have the capacity to meet the demands of enterprise. RR² will contribute towards Aleph Zero’s community building and brand awareness, a fundamental area of strength for the venture capital firm which boasts an impressive community of over 320,000+ members. 

 

Explaining the ethos behind the decision to back the sophisticated blockchain venture, Richard Seiler, Partner at RR² Capital commented: 

 

“Firstly, our interest in DAG-based chains, Aleph Zero has designed an incredible piece of technology and we wanted to be a part of this development. Our fund mission statement says we invest in teams and projects who are developing innovative and disruptive technologies. This could not be more true than with the Aleph Zero team.” 

 

Speaking about the collaboration with RR² Capital, Aleph Zero’s Co-Founder, Antoni Zolciak added:

 

“We appreciate the relationship with RR2 Capital due to their technical know-how as well as appreciation not only for the project’s market share potential, but also for the design of the technology itself. We see RR2 as value-add investors.”

 

About Aleph Zero

Aleph Zero is a privacy-focused, DAG-based layer 1 protocol, designed to provide a solution to the ‘blockchain trilemma’, a protocol level issue with blockchain technology that forces blockchain-based protocols to trade off between decentralization, scalability and security. By utilizing DAG as an intermediate data structure, Aleph Zero managed to achieve instant transaction finality, yet still produce blockchain as a result.

 

Powered by a novel consensus protocol presented at the Advances in Financial Technology conference in 2019, Aleph Zero upgrades current decentralized ledger technology to provide near-zero fees, privacy and the potential for infinite scalability, as well as true decentralization. The team behind Aleph Zero’s core development, Cardinal Cryptography, also secured a Web3 Foundation grant for development of Substrate randomness beacon.

 

The Aleph Zero team’s mission is to enable access to a world-class decentralized infrastructure by bringing transparency and privacy to individuals and institutions whenever they seek to directly exchange value with one another.

 

Alpha Zero is currently in phase 3 of their ambitious roadmap, which include the implementation of native tokens transfers on its mainnet, the introduction of smart contracts and the integration of commonly-used programming language Rust.

 

About RR² Capital

RR² Capital is a Lisbon-based venture capital firm which specializes in disruptive technology spaces such as decentralized ledger technology, artificial intelligence, machine learning and digital assets. They believe that many traditional businesses and organizations will implement these technologies, adding immense value to the core of those businesses.

 

RR² Capital’s mission is to capture this value by investing in early stage projects and teams leading this innovation, as well as those businesses that are promoting adoption. The team operates a strategy centered on a long-term vision, developing long standing relationships, utilizing trusted advisors in decision-making, building an integrated network of first-movers and instilling the trait of flexibility in its team. 

 

This has positioned RR² Capital as experts in value creation, reporting 1,011% returns across a portfolio of 120+ investments in 2021.

 

For more information about RR2 and their expansive disruptive technology-focussed investment portfolio, visit their website here

 

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Media Contact Details

Contact Email: [email protected]

 

RR² CAPITAL is the source of this content. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.