Milk Partners (CEO Cho Jung-min), which operates the blockchain-based loyalty integration platform “MiL.k,” announced on the 27th that Milk Coin (MLK), a point exchange method in the MiL.k app, has been listed on Indonesia Digital Asset Exchange “INDODAX”.
INDODAX is the largest crypto exchange in Indonesia which supports various crypto trading with Rupiah, Indonesia’s legal currency. Milk Coin (MLK) can be traded with Rupiah (IDR) in the INDODAX exchange from today (29th).
Milk Coin (MLK) is a key currency that can be exchanged with reward points from various partners on the “MiL.k” platform which currently provides point exchange service with airasia (one of the largest airline in ASEAN), Lotte L.Point (Loyalty integration platform of retail giant, Lotte Group), Yanolja (No.1 OTA in Korea), Shinsegae Duty Free (Duty Free brand of retail giant, Shinsegae Group), CU (No.1 convenience store in Korea), Megabox (Top multiplex), etc.
In addition, through a strategic partnership with Indonesia’s loyalty coalition platform, GetPlus in March, the point exchange service between the two companies will be opened from this month.
Jungmin Cho, the CEO of Milk Partners said “Milk Coin is expected to increase its utility in Indonesia and Southeast Asia by listed on INDODAX, the largest crypto exchange in Indonesia.” added “With this achievement, MiL.k will find various business opportunities with representative local services.”
Also, MiL.k will run various marketing campaign with INDODAX such as AMA (Ask Me Anything) at INDODAX telegram on 4th July. Milk Coin (MLK) can be traded at global exchanges including INDODAX, Gate.io, Huobi Global, Kucoin, Upbit, Bithumb, and Coinone.
Today, Sendwave, the remittance brand making sending money across borders easy and affordable, announces Sendwave Pay. Sendwave Pay is a banking product available to select Sendwave customers based in the United States.
Sendwave Pay provides existing Sendwave users access to a FDIC-insured bank account* with an accompanying debit card. This makes Sendwave the only major remittance provider with such an offering in the US.
Account holders will have:
a bank account* with no hidden account creation, maintenance or minimum balance fees;
access to up to 0.4% improvement on exchange rates and up to 25% savings on transaction fees on remittances to Kenya, Ghana, Tanzania, Uganda, Nigeria, and Liberia when using the funds in their accounts account funds;
a Sendwave Pay debit card to use on every day transactions;
reimbursements for international transaction fees when using their Sendwave Pay debit card outside of the US;
earn up to 0.51% APY on the money held in their Sendwave Pay account
For migrants, opening a bank account is an important step to establishing themselves and helps to achieve financial autonomy. Sendwave Pay provides an opportunity for our customers to build cross-border wealth and recognizes the demand for a product that better serves customers’ needs than a standard bank account.
“The way that people use and access money has drastically changed over the last decade,” said Eric Huynh, Product Lead, Sendwave Pay, Zepz. “We created Sendwave Pay to better meet the needs of our customers, who are dynamically considering how they manage their money both for themselves and for loved ones abroad.”
Sendwave Pay is the first neobank offering within Zepz, the Group powering global remittance brands Sendwave and WorldRemit. As an organisation dedicated to providing millions of customers around the world with fast, safe and easy-to-use solutions for getting their money home to loved ones,
Sendwave Pay is an important product innovation within the portfolio. This product offering is the first of an exciting future, where Zepz intends to continually invest in migrant-focused financial offerings.
“Investing in meaningful innovations to serve the needs of cross-border communities is part of our purpose and at the heart of everything we do,” said Mark Lenhard, CEO of Zepz. “Sendwave Pay enables US-based migrants to take their money farther, creates financial empowerment through interest schemes and competitive benefits, and firmly establishes Sendwave as a heavy hitter in the fintech space.”
Sendwave Pay is being rolled out to select users via the Sendwave app, available on iOS and Android.
*Sendwave is a financial technology company and is not a bank. Banking services provided by Piermont Bank; Member FDIC. The Sendwave Visa® Debit Card is issued by Piermont Bank pursuant to a licence from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.
Crypto Expo Asia, one of the region’s leading crypto conferences and exhibitions, recorded its largest attendance in the history of its Asia edition, welcoming over 10,000 attendees hailing from more than 30 countries and representing over 80 companies.
To advance regional collaboration across key stakeholders and enthusiasts across the blockchain, cryptocurrency, and Web3 factions, this year’s edition of Crypto Expo Asia inked community partnerships with the Asia Blockchain Association (ABA), Asia Blockchain Gaming Alliance (ABGA), Asosiasi Blockchain Indonesia (ABI), ACCESS Blockchain Association Malaysia (ACCESS MY), Singapore Fintech Association (SFA), and the Singapore University of Social Sciences Node for Inclusive FinTech Blockchain Security Alliance (SUSS NiFT).
Michael Xuan, Director of Crypto Expo Asia, said, “The record turnout witnessed at Crypto Expo Asia cements the region’s reputation of having one of the most tech-savvy and crypto-friendly populations globally. Businesses and governments are seeing that the impact of blockchain technology extends far beyond just cryptocurrencies, having the potential to transform legacy industries including financial services, gaming, healthcare and more, enabling greater security, transparency, and traceability, for both consumers and regulators.”
He added, “To reflect the broadening acceptance and adoption of blockchain, future editions of Crypto Expo Global will be rebranded to ‘Blockchain Expo Global‘. The conference has grown exponentially since its inception in 2021, as evidenced by this year’s inaugural Web3 Expo Asia sub-event, dedicated to furthering discourse around NFTs and the Metaverse.”
Crypto Expo Global is organised by international exhibitions and conference company, HQMENA. Following its international rebranding to Blockchain Expo Global, upcoming editions of the event will run in Dubai, from 20 to 21 September 2023, and Miami, from 16 to 17 November 2023.
As the virtual currency market continues to expand and grow, the risks of fraud and theft continue to increase, putting traders’ financial security under serious scrutiny. Recently, there have been massive security attacks on blockchain projects that have resulted in the theft of cryptocurrency. These incidents underscore the importance of strict regulatory measures and strong security protections. Under such circumstances, Knnex has invested heavily in building the most secure and efficient trading platform in the world, and has adopted multi-level technical security measures, including zero-knowledge proof technology and full homomorphic encryption, to ensure the security of user transactions and personal information. In addition, Knnex has implemented multi-factor authentication and dynamic authentication to provide dual protection for user logins and transactions.
The technical development team of Knnex Group Limited was initiated by industry leader Dan Larimer. Dan Larimer also known as BM, a genius programmer, who is the only creator in the world who can achieve three consecutive top blockchain projects. Under the leadership of Dan Larimer, combined with Goldman Sachs Capital and the former Binance technical team, it has brought strong technical support and keen judgment on risk management to the Knnex.
Knnex is a verified and formally licensed exchange. Licensed exchanges can provide a more reliable, stable and secure cryptocurrency trading platform and provide better protection for users’ transactions and data. Knnex currently has MSB (Money Services Businesses) licenses in the United States and Canada, which means that Knnex has passed the strict audit of local financial regulatory agencies and complies with the requirements of local laws and regulations.
In addition, holding US and Canadian MSB licenses confirms Knnex’s status and reputation in the cryptocurrency industry. This demonstrates that the exchange’s management and technical teams have the experience and execution capabilities to provide more professional and quality trading services, providing users with a more reliable, stable and secure trading platform.
Knnex places a high priority on security and has its own security staff to that end. The security team is made up of several experienced message security experts who have extensive practical expertise as well as technological capabilities. They are on call 24 hours a day, seven days a week to respond to security incidents and risks.
In order to ensure that the security team can discover and solve problems in a timely manner, Knnex’s security system is also very complete. The system can automatically detect and monitor the operation of the trading platform, report and record abnormal events in a timely manner, so as to avoid the impact of hacker attacks and other misconduct on the platform. If any security incident or abnormal situation occurs, the security team will immediately activate the emergency plan and take countermeasures. These measures include isolating affected resources, patching vulnerabilities, tracking hacker identities, and fixing platform security vulnerabilities as soon as possible to protect the security of users’ assets and data.
The above measures can provide users with higher transaction security, so that users can trade and store cryptocurrencies more confidently.
With its powerful security technology and compliance development, Knnex exchange provides traders with a safe and stable trading environment, making it impossible for fraudsters to start. In the future development, Knnex Exchange will continue to invest more resources, continue to strive for perfection to protect the safety of customers’ funds and grow and develop together with traders.
GameOn (CSE: GET) (OTCQB: GMETF), a next generation fantasy sports platform partnered with the world’s biggest IPs to launch, operate, and monetize web3 games, today announces a strategic financing from industry heavyweights, Lightning Capital and Flow, the blockchain platform started by NBA Top Shot maker Dapper Labs. The funds will be used to accelerate GameOn’s PLAYN3XT platform and acquisition of major league IP partners.
The total amount raised is $1.7m from two instruments:
A series of convertible notes led by Lightning Capital (the “Investment”), signed on June 8, 2023. The Investment has a face value of $1.2m and simple interest at the annual rate of 10% per annum. Full terms of the Investment are detailed below.
A non-dilutive grant from the Flow Ecosystem Fund, signed on June 5, 2023. The grant funding is subject to certain to-be-announced major league projects and milestones.
“Earning conviction from web3 powerhouses is a nod to our team, product, and business,’ said GameOn CEO, Matt Bailey. “We continue to surround ourselves with resources, people, and organizations that foster success. We’re aggressively honing in on major league IP acquisition that will return scaled profitability, fueled by best-in-class product and execution.”
Lightning Capital is a trusted Digital Asset Investment Firm combining deep web3 knowledge and experience with a 3+ year audited track record. They offer Investors diverse risk/reward exposure across three distinct funds. Lightning Venture Fund focuses on early stage investments with the largest total addressable market in projects, protocols, and picks-and-shovels businesses that are providers of hardware, software, and services to the digital asset and web3 ecosystem. Lightning Capital targets 10-20 investments per fund and provides invaluable operational expertise to portfolio companies.
“GameOn’s cutting-edge technology and proven ability to scale major brand partnerships is an exceptional investment opportunity,” said Lightning Capital General Partner, Jock Percy. “Matt and team are world class, and we’re excited to help drive and operationally support their major league strategy as a long term partner.”
The Flow Ecosystem Fund is the largest joint commitment made towards any blockchain ecosystem. Flow is the blockchain platform started by Dapper Labs, the company behind NBA Top Shot. Dapper Labs’ current studio partners include the NBA, NBPA, WNBA, WNBPA, LaLiga, Warner Music Group, Ubisoft, Genies, and UFC. Notable investors in Dapper Labs include Andreessen Horowitz, Coatue, Union Square Ventures, Venrock, BOND, GIC, Google Ventures (GV), Samsung, and the founders of Dreamworks, Reddit, Coinbase, Zynga, and AngelList, among others.
“We’re blown away by GameOn’s next generation fantasy sports platform,” said SVP Flow Ecosystem Partnerships, Mickey Maher. “There is a track record of IPs having huge success on Flow, like NBA Top Shot from Dapper Labs. We can’t wait to share that knowledge, experience, and network, and be a key strategic partner to GameOn’s long term success.”
GameOn is hosting an investor webinar on July 6 to discuss the funding, financial filings, and what’s next for the company. Please email [email protected] to be added to the event invite.
Terms of the Investment The convertible note forming the Investment is offered on a non-brokered private placement basis. Simple interest will accrue at a rate of ten percent (10%) per annum. Unless earlier converted into common shares (“Shares”), the principal and accrued interest of the Investment will be due and payable by GameOn to the holders of the Investment (the “Holders”) on the date that is twenty-four (24) months from the date of the issuance of the Investment (the “Maturity Date”); prior to the Maturity Date with the acceptance of the Holders (provided GameOn pays the Holder all of the interest that would have been due had the Holders held the Investment until the Maturity Date), or upon demand by the Holders. The Investment plus any accrued but unpaid interest thereon will be convertible into Shares of GameOn at a price of $0.10 per Share. The securities issued will be subject to a 4-month one day hold period from the date of issue of the convertible notes forming the Investment, or the Shares. The completion of the private placement remains subject to the receipt of all necessary approvals, including the approval of the CSE. Proceeds of the offering will be used for general working capital purposes.
World’s leading Web3 short video app, Chingari has achieved a remarkable milestone by securing a place in the top 10 grossing apps by revenue on the App Store in India. The home-grown app accomplished this feat in the last week of May in the social free apps segment. Additionally, the app has entered into the top 10 free social apps category on the App Store.
This accomplishment highlights Chingari’s growing influence and dominance in the highly competitive market. With its innovative features like Chingari Live, GARI Mining, Audio Rooms, user-friendly interface, and diverse short video content, Chingari has consistently delivered an exceptional user experience. Chingari clocked revenue of $ 10 million in the financial year 2022-23 and is expected to generate $ 25 million in revenue for the next financial year.
Just six months ago, Chingari was ranked outside the top 200 apps on the App Store. Since then, the platform has experienced exponential growth to achieve its current standing. One of the key factors contributing to its rise is the recent launch of the Chingari Live feature, allowing creators to showcase their talents, while users can interact with their favorite celebrities and content creators in real time.
Chingari being a Web3 app not only rewards creators but also the users for engaging on the app in the form of GARI, the native crypto tokens under the GARI Mining program, making it the only social app in the world to offer such incentives. Chingari has distributed rewards worth INR 8 crore to its users and creators since the launch of the mining program last year.
With its availability in 174 countries on the App Store, Chingari, the Indian app, has truly solidified its position as a global app, showcasing its widespread popularity and reach across the globe.
Sumit Ghosh, CEO & Co-Founder, Chingari said, “As Chingari gains tremendous popularity, it is evident that users are finding true value in our app. Our mission is to empower individuals and provide them with a platform that not only entertains but also rewards their active participation. We remain dedicated to enhancing user experiences, introducing new features, and expanding its global reach.”
Leading global blockchain developer Wemade today announced the integration of Fireblocks, the industry-leading digital assets custody, transfer, and settlement technology provider, into its WEMIX3.0 mainnet.
Founded in 2018, Fireblocks is an easy-to-use platform to create new blockchain-based products and manage day-to-day digital asset operations.
The company helps its customers securely store and operate their digital assets through its battle-tested MPC-CMP security technology and infrastructure.
Wemade aims to utilize Fireblocks’ solutions to heighten the level of efficiency and security of the WEMIX digital assets management process.
Since the implementation of such solutions is required for most global partnerships, this is a necessary step toward developing a more robust global blockchain business for WEMIX.
Stephen Richardson, Managing Director, Financial Markets and Head of APAC at Fireblocks, said, “We are delighted to be working with Wemade to help them run and scale their treasury management operations for their digital assets, so they can take control of their digital assets and move closer towards their vision of building an open source programmable future for the web3 era.”
“By collaborating with Fireblocks and using its de facto global blockchain standard services, the expansion of the WEMIX3.0 mega-ecosystem will be accelerated,” said Henry Chang, CEO of Wemade. “The mainnet now offers even more secure, efficient, and transparent digital assets management.”
NFT (non-fungible token) is a certified, unique and unrepeatable digital token issued in limited edition as unique collectible electronic souvenirs. ‘The Ultimate Julian Alps Sensory Adventure’ NFT collection made up of fifteen NFTs was listed on Vandri, a tourism NFT platform.
This week, the country’s first-ever tourism event using NFT promotion took place in the Julian Alps, after first being announced at the World Travel Market in November 2022. A group of selected journalists received NFT tokens which enabled them to obtain an NFT in their digital wallets and could utilise them in real life by attending this unique one-time event. Using an NFT to promote the stories of two key endangered species, the ‘The Ultimate Julian Alps Sensory Adventure’ raised awareness about Slovenia’s aim to move forward with a digitalised tourism strategy while highlighting the plight of two natural species in Slovenia, and showcasing the stunning Julian Alps.
With help of the two stories about the Cock-of-the-Woods (Western capercaillie), the largest member of the grouse family in Slovenia, and the Queen of the Alps (Alpine eryngo), a rare protected flower, the ‘The Ultimate Julian Alps Sensory Adventure’ showed the deeper importance of balance and reconnecting with nature. Guests got the opportunity to experience therapeutic yoga, sound baths and forest bathing. The one-time multi-sensory adventure proved to be a great success through the guided tours, breathtaking nature and panoramic boat rides around Lake Bled, complemented with food from some of Slovenia’s top chefs.
NFT owners experienced value of their NFTs first-hand by utilising them as tickets to participate in the exclusive preview, creating a unique synergy that combines digital and real-life experiences.
Slovenia and the Julian Alps stand out as smart and innovative destinations incorporating the advanced technology of NFTs into travel and tourism. At the same time, in line with its sustainability ethos, the content of the NFTs draws attention to the issue of endangered flora and fauna species. The Slovenian Tourist Board (STB) is solidifying its position as a pioneer in the evolving tourism industry by embracing the digital future with new technologies in harmony with its traditional values.
The Raigarh District Administration has launched a sustainable Blockchain Based Monitoring System for tracking industrial Corporate Social Responsibility (CSR) plantation activities in the city. Utilizing NEAR Protocol‘s fast and low cost operational platform and the innovative technological offerings of Airchains, a cutting-edge blockchain-based middleware SaaS solution, the administration is determined to make significant elevations to the tree plantation mechanism to enable transparency, traceability, and accountability within the sector and regenerate its lost greenery.
Raigarh as a district is home to several industries, including steel, power, and cement, among others. These industries have been actively engaged in CSR activities, including plantation drives, to contribute to the local community and environment. However, ensuring that industries abide by their commitments and monitor the progress of plantation activities is a daunting task for district administrations. The administration also faces a significant challenge of verifying the accuracy of the reports shared by industries outlining their tree plantation and CSR initiatives which requires serious capital and labour.
Leveraging blockchain technology that has been increasingly penetrating different sectors due to its secure, transparent, and immutable nature provides for the perfect solution. The blockchain based monitoring system, developed by Airchains, is focused on providing accurate, immutable, verifiable, and real-time information to the stakeholders of the project along with ensuring the listed industries are compliant with the regulations related to the plantation sector. Over 50 industries have been inducted into the engagement with over 3358 trees planted across 94,945 sq ft so far.
“The initiative to incorporate blockchain technology to enable a trackable and verified system for our industrial CSR efforts is a step forward towards a greener tomorrow. The key problems of the sector can be placated with the use of this immutable tech designed to reduce inefficiencies and capital consumption by providing an automated and accurate alternative. Enabling real time data monitoring and access to the public and any stakeholders, we are nurturing transparency in otherwise opaque administrative processes for the public,” Shri Abinash Mishra, IAS , Zilla Panchayat CEO, Raigarh Chhattisgarh added.
The system provides different functionalities including a unique Tree Aadhaar for easy tracking and storing of data, dashboard login for district administration and listed industries, and the latest plantation data covering holistic aspects such as type, location, time, date, number of trees planted. Additionally, the platform has a smooth user interface designed for listed industries to feed information readily into the system and tracks real-time Air Quality Index (AQI) which is accessible to any visitor to depict the direct effect of these afforestation efforts for public and stakeholders consumption.
“We are honoured to partner with the Raigarh District administration to fulfill their sustainability and CSR objectives. Through this system, they have established a groundbreaking precedence of establishing transparency and traceability to the CSR initiatives in the district and are leading the way with their technological adoption. We believe that this system will set a new standard for sustainable forest management and inspire other governments and organizations to adopt similar initiatives.” Ankur Rakhi Sinha, Co-founder and CEO, Airchains
“We are thrilled to be partnering with Raigarh District Administration to empower sustainable development through blockchain technology. As a public sector player in the forefront of innovation for the public good, they are leading the way in India and we are happy to be a positive catalyst to their initiative with our solution,” said Arpit Sharma, Managing Director, India, SE Asia, and Middle East.
The one-of-its-kind project has two phases of implementation with the first phase including the onboarding of industries, verifying data relating to their tree plantation activities, generating a unique Tree Aadhaar for each tree, and monitoring their maintenance. The second phase aims to monitor the effectiveness of this system for better future planning and geographical assessment. Along with that, the system will further monitor the carbon footprint or lack thereof, to present opportunities for the district administration to leverage carbon credits.
Mint Town Co., Ltd and BLOCKSMITH&Co. announced that the governance token $TSUGT of the groundbreaking Web3 game “Captain Tsubasa – RIVALS –” is now available for trading on Kucoin, which is a cryptocurrency exchange based in Hong Kong.
The new $TSUGT, co-released by Mint Town Co., Ltd, BLOCKSMITH&Co. and BLOCKSMITH&Co., a subsidiary of KLab Inc. that oversees its Web3 related businesses in “Captain Tsubasa – RIVALS-“, strengthens the bond between players and game management to support game growth. Players can earn $TSUGT through in-game performance and use it to enhance characters and game mechanics. Using tokens also promotes game development by increasing token value.
$TSUGT holders enjoy unique benefits such as exclusive NFTs, fan meeting invitations, and more based on their token quantity. They also receive regular in-game items and have chances to win merchandise through a raffle system. Overall, $TSUGT enriches gameplay, incentivizes player involvement, and allows players to contribute to the game’s evolution.
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