Author: TheBlockchainExaminer.com

hut-8-provides-update-on-business-combination-with-usbtc

Hut 8 Provides Update on Business Combination with USBTC

April 27, 2023 Published by

 

Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT), (“Hut 8” or the “Company”) one of North America’s largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, continues to make progress on the proposed business combination pursuant to which Hut 8 and U.S. Data Mining Group, Inc. dba US Bitcoin Corp (“USBTC”) will combine in an all-stock merger of equals (the “Transaction”). The combined company will be named “Hut 8 Corp.” (“New Hut”) and will be a U.S.-domiciled entity. The Transaction is expected to establish New Hut as a large scale, publicly traded Bitcoin miner focused on economical mining, highly diversified revenue streams, and industry leading environmental, social, and governance (ESG) practices.

New Hut has filed an amendment to its Form S-4 Registration Statement (the “Amended Registration Statement”) with the U.S. Securities and Exchange Commission (the “SEC”). As disclosed in the Amended Registration Statement:

  • New Hut’s expected installed self-mining capacity has increased from the previously disclosed 5.6 EH/s to 7.02 EH/s at mining facilities in Medicine Hat and Drumheller in Alberta; Niagara Falls, New York; Kearney, Nebraska; and Granbury and King Mountain, Texas upon the close of the Transaction. The improvement is due to the energization of additional miners at USBTC’s sites.
    • The 1.7 EH/s installed self-mining capacity at the King Mountain, Texas site is owned by the King Mountain Joint Venture in which USBTC has a 50% membership interest alongside a leading energy partner.
  • On April 7, 2023, USBTC entered into a settlement with the City of Niagara Falls which concluded all claims related to the ongoing litigation with the City and terminated the temporary restraining order against USBTC. USBTC was required to pay the City of Niagara Falls a $100,000 compliance fee and contribute $180,000 to the city’s attorney’s fees.
    •  USBTC is currently working with City officials to confirm safety procedures prior to resuming mining activity.

“Since announcing the transaction, we have made measurable progress on key files that will positively position New Hut to be very competitive in the market with 7.02 EH/s of self-mining capacity,” said Jaime Leverton, CEO of Hut 8. “In addition, we will have flexibility for growth in new fiat revenue lines of business including hosting and managed infrastructure operations, allowing us to amplify our diversification strategy, which will ultimately prove to be prescient well beyond the next halving.”

Completion of the Transaction remains subject to the remaining regulatory approvals, shareholder approval, court approval, and other customary closing conditions of the transaction.

web-30-market-to-hit-$49.10-billion-by-2030:-cognitive-market-research

Web 3.0 Market to Hit $49.10 Billion by 2030: Cognitive Market Research

April 27, 2023 Published by

 

The Global Web 3.0 Market size is valued at USD 3.34 Billion in 2022 and is projected to be USD 49.10 Billion by 2030, growing at a CAGR of 46.7% from 2023 to 2030, as per a recent report published by Cognitive Market Research. Web 3.0 infrastructure enhances the user experience by providing highly interactive advertising opportunities. Hence, companies are investing and raising funds to accelerate their Web 3.0 platform. For instance, Livepeer has raised $20 Million for a Series B extension, which will accelerate the growth of Livepeer’s Web3 infrastructure.

Major findings during the study of the Web 3.0 Market:

  • The Web 3.0 blockchain market is primarily driven by the benefits of decentralized systems to provide greater security, transparency, and privacy for users compared to traditional centralized systems
  • The Web 3.0 market is still in its nascent stages, but it is growing rapidly as more developers and entrepreneurs explore the potential of decentralized applications (dApps) and blockchain-based technologies
  • The ability of public networks ensures users across the globe to participate in the network without any restrictions. This attributes to the dominance of the public segment in the Web 3.0 blockchain segment. Further, Web 3.0 is widely used as NFT-powered business model, and large groups of investors are pouring their investments into the nascent Web3 ecosystem, further accelerating the growth of the market
  • In terms of end-use industries, BFSI held a maximum revenue share of 31.05% in the market. This can be attributed to the rising demand for Web 3.0 technology in high-speed transactions. It further helps in reducing processing costs in banking sectors
  • North America dominates the Web 3.0 market with the highest market share in 2022. This is owing to the wide usage of Web 3.0 in numerous applications such as artificial intelligence, blockchain, online payments, and others
  • Similarly, AI and machine learning have currently gained traction in U.S. organizations, with many either employing or planning to utilize AI use cases. In addition, investment in the United States has increased in recent years. Thus, by 2022, the North American artificial intelligence (AI) industry will have reached 24.9 billion US dollars, making it a large AI regional market. This increases the rate of Web 3.0 adoption in North America

View Detailed Report Description:

Web 3.0: by Type (Public, Private, Consortium, and Hybrid); by Application (Cryptocurrency, Conversational AI, Data & Transaction Storage, Payments, Smart Contracts, and Others); by End-use (BFSI, Retail & E-commerce, Media & Entertainment, Pharmaceuticals, IT & Telecom, and Others); by Region (North America, Europe, Asia Pacific, Latin America, and Middle East, and Africa) Global Industry Analysis, COVID-19 Impact, and Industry Forecast, 2018-2030

Web 3.0 Market 2022:

Global Web 3.0 Market

2022

Global Revenue (USD Billion)

3.34

CAGR – (2023-2030)

46.7 %

Public Type Share

48.4 %

Cryptocurrency Application Share

29.7 %

BFSI End-use Share

31.1 %

North America Web 3.0 Market Regional Share

34.8 %

What are the Growth, Drivers, and Restraints for the Web 3.0 Market?

Driver:

Increasing demand for data privacy through the decentralized identity

Web 3.0, also known as the decentralized web built on an open blockchain network, is a vision for the future of the internet in which users have greater control over their data and online interactions. With the advancement in technology such as blockchain, it is possible to create decentralized applications (dApps) that operate independently of centralized servers. Moreover, along with greater control and privacy, Web 3.0 also provides Decentralized finance (DeFi). DeFi applications built on blockchain technology could potentially disrupt traditional financial systems by providing greater access and transparency for users. For cryptocurrency users, it offers the ability to invest, borrow, lend, trade, and take crypto assets permission without any hassle.

Restraint:

Lack of awareness about Web 3.0 blockchain:

Despite the potential benefits of Web 3.0 and blockchain technology, many people and organizations are unaware of Web 3.0 blockchain and how it works. This lack of awareness can slow the adoption of blockchain-based solutions, as businesses may be hesitant to invest in technologies that need to be better by their customers. Moreover, the technical complexity of blockchain technology can also make it difficult for people to understand and use. This might hamper the growth of the Web 3.0 blockchain market.

Check the Full Report, including Global, Regional, and Country Level Analysis:

https://www.cognitivemarketresearch.com/web-3.0-market-report

Our free sample report includes:

  • 2023 Updated Report Introduction, Overview, and In-depth industry analysis
  • Included COVID-19 Impact Analysis
  • 250+ Pages Research Report (Inclusion of Updated Research)
  • Provide Chapter-wise guidance on the Request
  • Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, Revenue Analysis, and SWOT Analysis (Free analysis of one company profile)
  • 2023 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
  • Includes an Updated List of tables & figures
  • Cognitive Market Research Methodology

How COVID-19 Impacted the Web 3.0 Market?

The digitization process is being significantly accelerated by COVID-19, due to which several cryptocurrency businesses has emerged. The pandemic encouraged businesses to use digital platforms more frequently and to invest in digital solutions. Firms that did not employ any digital platform or channel prior to the pandemic inclined towards digital payments. Additionally, there is an increasing concentration of online sales among top businesses even though the percentage of online sales among firms for all sizes grew.

Additionally, during the COVID-19 pandemic, artificial intelligence (AI) has made great strides, particularly in the area of predictive machine learning models for medical treatment. In many areas of COVID-19, such as diagnosis, public health, clinical decision-making, social control, medicines, vaccine development, surveillance, combination with big data, operation of other key clinical services, and care of COVID-19 patients, artificial intelligence has been employed extensively. All of the considerations mentioned above show that Web 3.0 usage is skyrocketing in the aftermath of COVID-19.

Recent Development:

Date

News

January 2022

Livepeer has raised $20 Million from its new investor, Alan Howard:

Livepeer has raised $20 Million for Series B extension which will accelerate the growth of Livepeer’s Web3 infrastructure.

Web 3.0 Market Report Scope

  • Web 3.0 Market – Type Outlook (Revenue, USD Billion, 2018 – 2030)
    • Public
    • Private
    • Consortium
    • Hybrid
  • Web 3.0 Market – Application Outlook (Revenue, USD Billion, 2018 – 2030)
    • Cryptocurrency
    • Conversational AI
    • Data & Transaction Storage
    • Payments
    • Smart Contracts
    • Others
  • Web 3.0 Market – End-use Outlook (Revenue, USD Billion, 2018 – 2030)
    • BFSI
    • Retail & E-commerce
    • Media & Entertainment
    • Pharmaceuticals
    • IT & Telecom
    • Others
  • Web 3.0 Market – Regional Outlook (Revenue, USD Billion, 2018 – 2030)
    • North America (U.S., Canada, Mexico)
    • Europe (UK, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Luxembourg, Netherlands, Switzerland, Belgium, and Rest of Europe)
    • Asia Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, and Rest of APAC)
    • Latin America (Brazil, Argentina, Colombia, Peru, Chile, and Rest of LA)
    • Middle East & Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, and Rest of MEA)

List of Key Players in the Web 3.0 Market

    • Filecoin
    • Web3 Foundation
    • Zel Technologies Limited.
    • Livepeer, Inc.
    • Brunswick Corporation
    • Helium Systems Inc.
    • Kusama
    • Polygon Technology
    • Kadena LLC
    • Ocean Protocol Foundation Ltd.
    • Others

Related Reports on the Web 3.0 Market:

The global machine learning market is expected to reach USD 213.56 Billion by 2030 growing at a CAGR of 38.7%. Machine learning uses data and algorithms in order to imitate the way that humans learn. It is a branch of AI and computer science that is an important component of the growing field of data science. The rise in the adoption of technology platforms has spurred the market for machine learning. The increasing robotics sector has also accelerated the need for machine learning.

  • Global Metaverse is expected to reach USD 512.49 Billion by 2030

The global metaverse market is expected to reach USD 512.49 Billion by 2030 growing at a CAGR of 47.8%. Metaverse refers to a virtual world that is facilitated by the use of VR and AR. Rising awareness associated with gaming and entertainment has enhanced the market for the metaverse. Further, outbreak of the COVID-19 pandemic has accelerated the demand by changing the social behavior of people.

Other Related Reports:

iqst-–-iqstel-announces-36%-gross-profit-increase-on-q1-revenue-of-$22.9-million

IQST – iQSTEL Announces 36% Gross Profit Increase On Q1 Revenue Of $22.9 Million

April 19, 2023 Published by

 

iQSTEL Inc. (OTCQX: IQST) today announced the company’s Q1 2023 revenue reached $22.9 million based on preliminary accounting.  Revenue grew in Q1 2023 by 18% compared to the same period last year. The company’s gross profit of approximately $780,000 based on preliminary accounting increased by 36% in Q1 2023 compared to the same period last year.

The company recently published its 2022 annual report on SEC Form 10K, and a Shareholders Letter explaining the details.

Revenue for the year ended December 31, 2022 was $93,203,532 compared to $64,702,018 recorded in the previous year representing an increase of 44% from 2021 to 2022.

The company reported a gross profit of nearly $1.8 million for the year ended December 31, 2022.  The Q1 2023 gross profit of $780,000 is already 43% the gross profit reported for the entire year in 2023.

The table below summarizes iQSTEL’s gross profit growth through Q1-FY2023:

EOY-FY2022

Q1 – FY2022

Q1-FY2023

Revenue (US$ Million)

93.2

19.42

22.9

Gross Profit (US$ Thousand)

1791

484

780

Note 1

% of Gross Profit

1.92 %

2.49 %

3.41 %

% of Gross Profit Growth Vs Q1 -FY2022

36 %

% of Gross Profit Growth Vs EOY-FY2022

77.25 %

Note 1: This value represents 43.55% of the Gross Profit of EOY-FY2022

“With iQSTEL’s maturing operations we are seeing improved profit margins,” commented Leandro Iglesias, CEO of iQSTEL. “Revenue growth remains high with the company on track to meet or exceed its $105 million 2023 forecast. Historically the second half of the year is better in terms of commercial activity. Therefore, we feel confident about reaching or exceeding our revenue objective of $105 million. Now we are tuning the operational engine that drives our monster growth and seeing better fuel efficiency through our profit margin improvements. iQSTEL has a very sound operation running under its hood. I expect our track record highlights for 2023 to be breaking $105 million in revenue and reporting our first annual positive operating income. The Q1 2023 gross profit performance bolsters our confidence.”

pocketbuff-launches-on-arbitrum-nova-to-set-sail-for-prime-quality-gamefi-projects

PocketBuff Launches on Arbitrum Nova to Set Sail for Prime Quality GameFi Projects

April 13, 2023 Published by

 

According to official sources, PocketBuff has integrated with Arbitrum Nova, a leading L2 scaling chain, to provide users with a better gaming experience and expedite the growth of the GameFi industry.

What is Arbitrum Nova?

Arbitrum Nova is a leading Ethereum Layer-2 scaling solution developed by Offchain Labs. An AnyTrust solution, Arbitrum Nova is ideal for gaming, metaverse and SocialFi projects, enabling instant confirmation and <$0.01 transactions with minimal trust assumptions.

What is PocketBuff?

PocketBuff is a global GameFi Metaverse platform that offers one-stop blockchain integration services. It was founded by the core members from Longtu subsidiaries and Longtu Korea, a KOSDAQ-listed company.

The PocketBuff team has solid R&D capabilities in the global GameFi sector, with an ample reserve of stirring AAA titles secured. Longtu Korea’s signature projects Sword and Magic World and Yulgang Mobile have gained over 10 million fans worldwide upon release. PocketBuff will soon join hands with top-tier game developers for financing, R&D, and publishing via its one-stop GameFi haven while building a global game distribution network with extensive publishing resources and an enormous user base to connect the Web2 and Web3 realms.

Sword and Magic World will be launched exclusively on Arbitrum Nova. As a world-leading MMORPG mobile game featuring flexible combat, the game has already acquired 15 million users in total and a DAU peak of over one million users. Upon official launch, it made it to the top of paid app charts and has remained a top 10 seller for a very long time.

With western fantasy and mythology as its background, the game also integrates elements of the East to build a grand worldview encompassing the main world, the world of gods, and the world of demons. Players will play as elite adventurers, embark on an adventure to conquer gods and demons with friends, and write their own legends of glory and romance.

The game uses real-time light and shadow technology to optimize object and texture rendering with a “full-time scene system,” portraying a realistic, dynamic, and stunning world of magic. The system supports 360° panoramic 3D free rotation, with innovative smart view correction features to provide players with the optimal visual experience. The real-time interactive system allows all players to freely trade and join the adventures via the game platform. With realistic 3D scenes, 360° free rotation, and real-time combat gameplay, it puts together a blood-pumping PvP experience for all mobile gamers!

According to PocketBuff, Arbitrum Nova offers several advantages such as its ultra-low gas fees, high-speed transactions confirmed in milliseconds, and scalable technology. PocketBuff believes in the future of L2 and Arbitrum GameFi. As an important blockchain ecosystem of the Metaverse era, Arbitrum is a great fit for large-scale application deployments such as GameFi, SocialFi, and Metaverse. PocketBuff hopes to attract more and better games and applications into the Metaverse era by building stronger ties with Arbitrum.

David Bolger, Gaming at Offchain Labs said: “World. The game has leveraged blockchain technology to improve the gaming experience and will continue to build upon that success with the benefits offered by Arbitrum Nova.”We’re very excited that PocketBuff is choosing Arbitrum technology to scale Sword and Magic. 

PocketBuff is committed to helping tens of thousands of game developers around the world join the Web3 world more efficiently, creating a brand new landscape for free-to-play, play-to-earn, and play-to-own gaming. Its well-designed tokenomic system allows for great game asset liquidity, smooth asset exchange, and effective user empowerment. This will provide all players with an extraordinary gaming experience and better economic value. Moreover, PocketBuff will work closely with top public chains, GameFi project developers, international KOLs, well-known IP owners, and various game guilds to push for prime-quality products for the entire industry.

SOURCE Longtukorea

blocksmith-&-co.-announces-the-establishment-of-‘blocksmith-ai-lab’

BLOCKSMITH & Co. Announces The Establishment of ‘BLOCKSMITH AI Lab’

April 11, 2023 Published by

 

BLOCKSMITH&Co., announces the establishment of the BLOCKSMITH AI Lab, which aims to make AI technology accessible to everyone.

Background

Due to the remarkable evolution and high practicality of generative AI, the interest for the technology has rapidly spread to a wide audience. However, the discussion of generative AI technology has thus far been mostly focused on increasing business efficiency; i.e. cost reduction, and have garnered negative opinions such as fear of AI replacing jobs traditionally done by humans.

At BLOCKSMITH AI Lab, we aim to create opportunities to engage in AI technology by combining Web3 technology with Generative AI, and reduce negative misconception around the technology.

Plans to incorporate AI research

We are also planning to incorporate the results of BLOCKSMITH AI Lab’s research in our recently announced upcoming game service “Quiz to Earn ‘QAQA’”.
More info: https://www.blocksmithand.co.jp/en/news/105

wemade-participates-in-the-world’s-biggest-nft-conference-‘nft.nyc-2023’-to-introduce-nile

Wemade Participates in the World’s Biggest NFT Conference ‘NFT.NYC 2023’ to Introduce NILE

April 11, 2023 Published by

 

Wemade is participating in the world’s biggest NFT conference ‘NFT.NYC 2023’, held from April 12th to 14th, as a platinum sponsor. It will introduce NEITH Station, the world’s first NFTFi service on its DAO & NFT platform, NILE (NFT Is Life Evolution).

The company’s booth will be decorated on the theme of ‘NILE. Breathing Life into NFTs’, and will have exhibitions and events where attendees can enjoy and learn about City of NILE, a NEITH NFT collection available in the NEITH Station.

In addition, it will also start a brand campaign to increase its presence in the global market by featuring City of NILE on the Times Square Billboards. It plans to actively communicate and support various projects and artists around the world, so they can join NILE’s ecosystem seamlessly.

City of RA, City of NILE’s second NEITH NFT collectible, will be on sale from April 12th, the event’s opening day. 88 PFP (Profile Picture) NFTs in the collectible can be purchased at NILE’s Marketplace.

NEITH Station is an NFTFi service that guarantees a fixed amount of WEMIX through a decentralized protocol, NEITH NFT. With NFTFi, users can lend, swap, and stake NEITH NFTs that they own. NEITH NFTs can be exchanged for a fixed amount of WEMIX at any time after the Covenant Date.

bitget-launches-$100m-web3-fund-to-support-next-generation-crypto-projects-in-asia

Bitget Launches $100M Web3 Fund to Support Next-Generation Crypto Projects in Asia

April 10, 2023 Published by

 

Bitget, a top crypto derivatives and copy trading platform, launched its Bitget Web3 Fund during the Hong Kong Blockchain Week, with an initial investment of $100 million. The fund will focus on investing in Web3-friendly venture capital and outstanding Web3 projects, with the goal of supporting the development of the next generation of crypto projects.

The Bitget exchange is adhering to a ‘Go beyond derivative’ strategy in 2023 with the launch of the Bitget Web3 Fund, which is intended to foster a positive attitude towards the digital currencies economy and support the development of the Web3 environment. The Bitget Web3 Fund will seek out VCs and projects globally but prioritize partners in Asia that have a clear roadmap and an experienced team, and those that offer innovative solutions to real-world problems. As of now, it has received inquiries from VCs including Foresight Ventures, Dragonfly Capital, SevenX Ventures, DAO Maker, and ABCDE Capital for potential partnerships.

“We can see that Web3 space is evolving rapidly and many projects deserve the support to further advance such development and make Web3 a truly global phenomenon, as Web2 had once become. That is why the Bitget Web3 Fund will strive to seek out projects that have the most impact on this process. We are taking a fully conscious and responsible approach in this regard and know how important accountability is when dealing with any innovative project requiring investments. We strive to support financial innovation in Asia and believe that our platform can act as a reliable, convenient, and secure link between the worlds of DeFi and CeFi. Our team of analysts has already outlined the criteria for project selection and will adhere to them strictly,” as Gracy Chen, the Managing Director of Bitget, commented on the launch of the new fund.

Bitget has been a supporter of numerous endeavors aimed at advancing the adoption of cryptocurrencies. The new ‘Go beyond derivatives’ strategy saw the exchange acquire several Web3 applications in recent months and pledge its support as a sleeve sponsor to Juventus, and as a general sponsor to the Juventus Women’s Team for the 2022-2023 season. In a major move into the Web3 space, the exchange recently acquired the BitKeep wallet – a Web3 access gateway with over 9.5 million users, which will further enhance the Web3 surfing experience for Bitget users. Bitget is also launching numerous events and challenges for the community to support both individual initiatives and overall community spirit.

basaltcoin:-the-future-of-greentech-and-blockchain-investment

BasaltCoin: The Future of Greentech and Blockchain Investment

April 5, 2023 Published by

 

BasaltCoin (https://www.basaltcoin.com), the revolutionary new cryptocurrency, was successfully launched on March 26, 2023. It aims to change the world by commercializing intellectual property in green tech and blockchain, connecting inventors and investors, and helping the community increase their income.

Investors have a great opportunity to get involved in the BASALTCOIN presale now, while the token is still priced at 0.05 USD. The first round of the presale began on March 26, 2023, and will last until May 10, 2023, with the price remaining the same. The second round of the presale will begin on May 20, 2023, and will last until June 10, 2023, with the price increasing to 0.07 USD.

The BASALTCOIN team is following a strict roadmap, and the public sale listing on DEX is scheduled between the end of Q3 or beginning of Q4 this year, with a starting price of 0.1 USD, which is already a 2x increase from the price of the first presale round. This listing will coincide with the launch of the BASALTCOIN decentralized wallet, which will have a user-friendly interface and a range of features, including staking, farming, robotic trading, and arbitrage auto-trading. Our wallet will also have unique differences from existing wallets.

The decentralized wallet will be connected to the BASALTCOIN hard wallet and the company’s own DEX L4, which will facilitate full decentralization and security for customers’ funds. When customers use any trading tools on the exchange, their funds will remain in their wallet. This integration is expected to further increase the token price. “We planned to present the wallet at the same time as listing on DEX to help boost the token’s price,” said BasaltCoin founder Alexander Vitkovskiy.

Additionally, BASALTCOIN offers a partner referral award program with a 2.5% reward for each referral, and participants who complete KYC will be rewarded with 50 BASALT coins. BasaltCoin is a token connected to real assets and combines two growing trends: DAO and Greentech.

“Our first green project on basalt recycling has sparked significant interest among investors. The project is currently being discussed for investment in Saudi Arabia. The material produced can be used in the construction of an innovative project city ‘Line’,” said CEO Thomas Hill.

By investing in BASALTCOIN, investors will not only be part of the Greentech Revolution that aims to change the world and better humanity, but they will also be at the forefront of the digital and real assets sphere, which is growing exponentially every year. Join the BasaltCoin Presale today and secure your stake in the future of greentech and blockchain. Don’t miss out on this opportunity to invest in a greener future with BasaltCoin. Changes start here! To learn more about BasaltCoin and the Basa Ecosystem, visit our official website now.

limechain-drives-web3-innovation,-enhancing-the-global-market

LimeChain Drives Web3 Innovation, Enhancing the Global Market

April 5, 2023 Published by

 

Web3 is global and growing fast. The international market value of Web3 is expected to increase by more than 40% per annum through 2030. Its decentralized architecture and smart contract capabilities have transformative potential. Across industries such as finance, gaming, and social media, a blurring of technological lines is taking place.

Of course, delivering the promise of Web3 demands excellent user experience. And infrastructure is the engine of that experience. LimeChain is a pioneering Web3 engineering and product design firm contributing to that infrastructure – from DAOs to dApps and scaling solutions. LimeChains commitment to the mission is unwavering.

This commitment fuels their continued drive to grow and improve their core team of Web3 builders. 2022 was incredibly successful for LimeChain in this regard, as the team grew by 50% compared to 2021. The team is now over 100 strong, making LimeChain one of biggest Web3 companies in the world. Their recruitment effort has been significantly bolstered by their very successful Web3 training program LimeAcademy, which is aimed at preparing the next wave of Web3 engineers.

For 2023, LimeChain aims to maintain this level of growth and retain their position as a leading provider of Web3 services, including smart contract development, blockchain network development, DEX development, dApp design & development and ZKP implementation, among others.

“LimeChain has been a driving force for innovation in the Web3 space for over five years. We’ve been consistently delivering impactful products, helping to further the Web3 evolution and realize the vast potential of Web3 technologies. At the same time, we’ve also been educating talented Web3 engineers through our training program.”

“We are incredibly fortunate that we can share this journey with a number of standout clients and partners and explore projects and ideas that push us to perfect our craft and fuel our never-ending pursuit of excellence,” said Nick Todorov, co-founder and CEO of LimeChain.

Since their inception in 2017, LimeChain have selected innovative projects and ambitious partners that align with their vision, celebrating the growth and enrichment of the Web3 ecosystem, especially during challenging times. One River Digital Asset Management, recently acquired by Coinbase Inc., is a standout client.

“Our technology partners are critical as we work to build the first generation of institutional infrastructure in Web3. LimeChain has consistently delivered across design, engineering, and timely execution. Their ability to collaborate with in-house technical talent is outstanding. Working with LimeChain has accelerated our product development and expanded our perspective through a detailed, technical lens,” said Shaun Martinak, Product Lead, Onebridge, Coinbase Asset Management.

For the team at LimeChain, the recognition of their continued contribution to the growth of the industry has meant a lot, especially coming from a key partner that is at the outset of a new chapter of their Web3 journey. Looking ahead, they remain committed to supporting all of their clients and work with them to redefine what could be achieved in the Web3 space and introduce these fascinating technologies to a broader audience.

reltime-scales-its-web3-financial-services-ecosystem-globally-with-microsoft

Reltime scales its Web3 Financial Services Ecosystem Globally with Microsoft

April 5, 2023 Published by

 

Reltime, a global leader in Web3, Layer 1 Proof of Authority Blockchain and Metaverse financial services platform has been selected by Microsoft’s Global Startups Program. The organizations will jointly bring Decentralized Finance (DeFi) and next generation financial services to telecom operators, retail chains and neo-banks, globally. Reltime has been accepted at the highest category (`level four’) in Microsoft’s Global Program, ensuring that the collaboration focusses on driving Reltime’s businesses internationally.

Reltime has launched the World’s First Layer 1 Proof of Authority and Web3 Financial Services platform with wide range of products (CBDC, Wrapped assets, Non Custodian wallet, Accounts & deposits, Remittance, Payments, Lending, loyalty, KYC, Identity, Forex). All services are settled instantly, available globally and offered to customers operating in B2B/ B2C/ P2P segments. Reltime has developed it’s embedded finance platform in-house and owns all the relevant IPs. The platform is already live with customers and helping them to unlock the immense value from Web3 and Metaverse.

“Joining forces with Microsoft gives us valuable access to a global community of customers looking to modernize, globalize and optimize their banking, financial and e-commerce services & apps, unlock immense opportunities from DeFi and Metaverse. It is inspiring to see how commercial teams from both organizations have been swiftly mobilized to engage with global telecom and retail brands. All of this will greatly speed up the onboarding of new customers and partners,” said Marlene Julo, Co-Founder and Chairman of Reltime.

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