Crypto Intelligence

DigiFT DEX Raises $10.5M in Pre-Series A Funding Led by Shanda Group

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Singapore, Singapore, 3rd March, 2023, Chainwire


DigiFT, a Singapore-based decentralized exchange (DEX) for asset-backed tokens (STO), has completed a Pre-Series A funding round, securing US$10.5 million.  

The investment round was led by Shanda Group, a global privately-owned investment group founded by Chinese online entertainment pioneer Tianqiao Chen and family in 1999. Shanda Group’s business is segmented into four units: Private Equity (Venture Capital) Investments, Public Market Investments, Real Estate, and Natural Resources.

Other investors included HashKey Capital, a multi-stage global venture capital firm investing in visionary blockchain founders; Hash Global, a Web3 venture capital firm with offices in Singapore and Shanghai; Xin Enterprise Pte. Ltd., a Singapore investment firm wholly owned by Liang Xinjun, co-founder of Fosun Group; and North Beta Capital, an eco-building firm in the digital technology industry.  

DigiFT was founded in 2020 by Henry Zhang, formerly Greater China CEO of East West Bank, deputy China CEO of Citibank and Standard Chartered Bank, and is helmed by a leadership team with extensive experience in financial institutions and fintechs. With a vision to bridge the gap between centralized and decentralized finance, DigiFT is the first and only DEX enrolled in the Monetary Authority of Singapore (MAS) FinTech Regulatory Sandbox.

It aims to provide regulated decentralized finance solutions on the Ethereum public blockchain via an Automatic Market Making (AMM) mechanism that facilitates secondary trading liquidity for security tokens backed by financial assets such as bonds and equities. 

Asset owners can issue blockchain-based security tokens efficiently and cost-effectively. Investors are also able to trade with continuous liquidity via the AMM mechanism and retain control over digital assets in their own wallets.  

Funds from the Pre-Series A round will be used to support license applications in Asia, the Middle East and Europe, go-to-market plans, technology development and to expand the company’s innovation capabilities.  

Henry Zhang, founder and CEO of DigiFT, said: “We are encouraged by investors’ confidence in our vision to become a regulated DeFi exchange. The industry has been through a tough time in the past year. This fundraise is a testament that this industry has huge potential if the gap between traditional finance and Web3 can be bridged.”

“It gives us the arsenal to transform the industry and we are excited to see where the journey takes us. As a key international financial hub, Singapore boasts a robust legal framework and government support for tokenization with blockchain technology. We look forward to further working with regulatory bodies to steer our industry in the right direction.”  

Tianqiao Chen, founder, Chairman and CEO of Shanda Group, said: “DigiFT’s appeal is their leadership team’s ability to understand the gaps within the DeFi industry, and how they’ve effectively combined their extensive backgrounds in traditional financial institutions with a deep knowledge of Web3 financial services. They convinced us that they will not only be market leaders, but the market standard for the DeFi industry.”  

Plans for new hires are in the pipeline with the injection of the fresh funds to support the growth of the exchange. DigiFT will look to bring on board experienced hires that understand traditional finance as well as Web3 experts. These talents can be based either in Singapore or in regions that DigiFT is looking to expand into.  

For more information or media enquiries, please contact:

DigiFT
Evelyn Xiong
Email: media@digift.com.sg

SPRG
Pooja Shah
Email: pooja.shah@sprg.com.sg
Hp: +65 8889 1321

Deborah Dayani Nanayakara
Email: deborah.dayani@sprg.com.sg
Hp: +65 9758 4071

About DigiFT 

DigiFT, founded in 2020, is a decentralized digital asset exchange (DEX) for asset-backed tokens (STO). DigiFT is the first and only decentralized digital asset exchange enrolled in the Monetary Authority of Singapore (“MAS”) FinTech Regulatory Sandbox. It aims to provide regulated decentralized finance solutions on the Ethereum public blockchain offering an Automatic Market Making (AMM) mechanism that facilitates secondary trading liquidity for security tokens backed by financial assets.

Contact

Marketing Manager
Evelyn Xiong
DigiFT Tech (Singapore) Pte Ltd
evelyn.xiong@digift.com.sg


Cerus Markets Launches its Mobile Trading App $10,000 Giveaway

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Labuan, Malaysia, 2nd March, 2023, Chainwire


Cerus Markets is excited to launch its Mobile Trading App Giveaway!

Announcing an upcoming release of its trading platform, Cerus Markets is excited to offer traders an opportunity to be the first to access its Mobile Trading App and take a chance to win a share of $10,000 in cash.

Cerus Markets is a regulated crypto broker offering a revolutionary way to trade digital assets. With its Mobile Trading App, traders will be able to access derivatives that allow speculation on major global Stocks, Commodities and Metals trading paired against currencies and crypto – all with zero fees and leverage up to 100:1. 

To register for the Giveaway, visit cerus.app, sign up for the waitlist and download the trading app once it becomes available. 

A total of three winners will be chosen at random and announced via email and social media. $5,000 is awarded to the first winner, $3,000 to the second and $2,000 to the third.

Sign up for a $10,000 Cash Giveaway at cerus.app.

About Cerus Markets

Cerus Markets Limited is a multi-asset broker authorized and regulated by the Labuan Financial Service Authority. Cerus Markets represents a new type of global brokerage providing access to cryptocurrencies, forex, stocks and commodities all from one trading platform – all without fees. Users can access from their mobile device or web browser, and never miss a trade. 

Cerus Markets’ goal is to enable market access for all trading levels, therefore there are no entry fees that allow traders to place positions on multiple digital assets with as little as $50.

Learn more about Cerus Markets at cerusmarkets.com

Socials: Telegram  | Twitter  | Instagram   

Contact

Marketing Director
Veronica Imasheva
Cerus Markets
marketing@cerusmarkets.com


BitCard® and Blackhawk Network (BHN) to Offer Bitcoin Gift Cards at Select U.S. Retailers

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Paoli, United States, 1st March, 2023, Chainwire


BitCard® has announced a new relationship with Blackhawk Network (BHN), one of the world’s leaders in branded payment technology. Through this groundbreaking commercial relationship, BitCard® will offer its Bitcoin Gift Card at select U.S. retailers in BHN’s vast network of retailers and B2B channels.

This relationship marks a major milestone for both BitCard® and BHN. BitCard® is introducing one of the first Bitcoin products to BHN’s network, while BHN is increasing the visibility of BitCard® to help drive further access to Bitcoin. Additionally, this commercial relationship will diversify the offerings, allowing retailers, card rewards, airlines, loyalty companies, and many more within BHN’s network to purchase BitCards® and offer them to their customers as part of their existing merchandise, benefits, or rewards programs.

“We’re pleased to partner with BitCard®,  offering its gift cards redeemable for cryptocurrency in our portfolio. This marks an exciting step for Blackhawk within the world of crypto, and we’re delighted to offer our vast network a new and innovative gift card option. We look forward to seeing the positive impact this partnership will have on our industry.” – Steve Dekker, Managing Director, Americas, Blackhawk Network

The BitCard® rollout is expected to go live in the coming days, and both companies are eager to see the beneficial effect of this offering.

BitCard®, developed by Bitcoin Solutions Inc, is dedicated to making Bitcoin and cryptocurrency easy for consumers to access. Its aim is to become the most accessible, interoperable method to purchase Bitcoin and other cryptocurrencies.

“We are excited to partner with Blackhawk. The BitCard® rollout will provide BHN partners with yet another leading gift card option, while also providing end users easy access to Bitcoin and Crypto —in some cases, for the first time,” said Ed Gieske, CEO of Bitcoin Solutions Inc.

About Blackhawk Network (BHN)

Blackhawk Network (BHN) delivers payment solutions through prepaid products, technologies, and network that connect brands and people. We collaborate with our partners to innovate, translating market trends in branded payments to increase reach, loyalty, and revenue. We reliably execute security-minded solutions worldwide. Join us as we shape the future of global branded payments. Learn more at blackhawknetwork.com.

About BitCard®

BitCard® (Bitcoin Solutions Inc), is a technology company that aims to make Bitcoin and cryptocurrency easy to purchase.  BitCard® is the most accessible, interoperable method to purchase Bitcoin and other cryptocurrencies, safely and securely. The BitCard® offering also supports loyalty rewards, points, and incentive programs. We are empowering clients with access to custody, compliance, funds processing, and gift card issuance to help support new partners.

For partnership inquiries, please contact partnerships@bitcards.com.

Contact

CEO
Edward Gieske III
Bitcoin Solutions Inc
support@bitcards.com
1-833-424-8264


LiteFinance Launches Margin Trading for Crypto Assets

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Limassol, Cyprus, 27th February, 2023, Chainwire


Crypto brokerage platform LiteFinance has introduced margin trading, allowing users to experience high leverage for a range of digital assets. LiteFinance allows traders to experience all the thrills of playing the crypto market within a responsive and user-friendly framework.

The main question for many beginners is deciding how to trade cryptocurrencies: on a crypto exchange or through a Forex broker. The ideal platform should be as accessible as possible, highly secure, and come equipped with a range of advanced trading tools.  With LiteFinance, traders can open sell positions (short trades) in a couple of clicks.  This allows them to immediately open a sell position and make a profit when the price drops in a downtrend. Transactions are executed immediately at the market price due to a vast network of counterparties built on ECN technologies. Users can set a take profit and the position will close in profit automatically when the market reaches the specified price level.

LiteFinance levies the lowest possible platform fees when trading cryptocurrencies. Swaps are significantly lower than those set by crypto exchanges and other brokers. Market raw spreads (the difference between the buy and sell price) are available on LiteFinance ECN accounts.

For example, for ETHBTC on an ECN account, the average spread is 0.00001 points, and the swap to buy and sell is only -0.20$. Thus, it is much easier for traders to plan long-term actions and achieve their trading goals. Furthermore, the LiteFinance platform charges the lowest transaction commissions among crypto trading providers.

When trading cryptocurrencies, LiteFinance clients can take advantage of 1:50 leverage. This means that only 2% of the transaction amount is needed as collateral to open a position. Leverage allows traders to use less of their own funds to open larger positions. In this case, the potential profit will increase significantly relative to the funds deposited into the account. 

All transactions are securely protected because LiteFinance has many years of experience and a strong infrastructure that has been developed since 2005. Clients’ digital assets are stored in separate cold crypto wallets and insured.

The LiteFinance web platform has the widest selection of digital assets among brokers, with over 75 cryptocurrency pairs available. Traders can choose the most popular coins, such as Bitcoin and Ethereum, for short-term trading and make profits from daily price movements. They can also open long-term buy positions for tokens of developing crypto projects, whose cost currently does not exceed $1.  LiteFinance also closely monitors the world of cryptocurrencies and regularly adds promising digital assets to the list of trading instruments.

To start trading crypto assets with LiteFinance, all that’s required is to sign up, open a trading account and deposit funds.

About LiteFinance

Since 2005, LiteFinance (ex. LiteForex) has been offering Tier 1 liquidity in the currency, commodity and stock markets to its clients via its online ECN broker. LiteFinance (ex. LiteForex) has one of the biggest investment market offerings with all major currency pairs, cross rates, oil & precious metals, stock indexes & blue chips, plus the most extensive range of cryptocurrency pairs for trading.

Contact

Jana Kane
jana.kane@litefinance.com


Revolutionizing the NFTs- Telept City Launches Cutting-Edge AIGC NFT Platform for Web3

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San Francisco, USA, 25th February, 2023, Chainwire


Telept Inc., a Web 3.0 startup, has announced today the launch of a ground-breaking first-mover Web PC platform Telept City, which empowers participants to create one-of-a-kind AI generated Non-Fungible Token (NFT) called X-Native.

With its cutting-edge AI Generated Content (AIGC) image generation model that has undergone rigorous fine-tuning utilizing a vast database of images, and coupled with an intuitive game-like user interface, provides a novel and accessible AI Web 3.0 experience for participants of all levels. Creating NFTs is a breeze with Telept City, and it can be done with minimal effort and costs.

What is Telept City?

Imagine the users are capable of generating an NFT through a AI powered platform similar to playing a text adventure game. Telept City’s multiple-choice options are presented in a way that is both engaging and easy to navigate. Upon logging onto Telept City via Metamask wallet, users are greeted with an interface that’s reminiscent of a trivia game. The questions were designed to tap into users’ thinking about their own self-image through a gamified approach and to help them create their desired NFT. The AI interprets the answers and generates a user-defined image, which can be finally encrypted as an NFT of X-Native Collection.

Telept City – PC webpage, style of sci-fi universe. Telept City

What is X-Native Collection?

The set of NFTs produced by Telept’s AI exclusively for Telept City users is known as X-Native (Official Name on OpenSea ‘Telept City: X-Native’). The concept of X-Native project is based on benchmarking the visual version of Ethereum Name Service. The X-native collection is an ever-expanding library of NFTs created using the Telept AI. In addition to owning a piece of historic NFT art and an asset worth ETH, the primary advantage of owning X-Native is its social significance and exclusive privilege, as outlined in the X-Native roadmap which will be released on March, 23rd. It contains AI NFTs and X-Native Mystery boxes with exclusive IP on the Ethereum. 

The beta version of X-Native’s NFT

The beta version of X-Native Mystery Boxes

As the CEO of Telept, Lika Lee believes that the value of an NFT will go beyond just its financial worth and has the potential to produce significant social value. “Decentralizing NFT production is the trend. With the growing adoption of NFTs, we are committed to making it easier for everyone to create them, whether the user is experienced with Web 3.0 or just getting started. We will take the first step of using AI and NFT technology to shape a new way of forming identity and personality representation, while also providing an unprecedented way for people to experience industry changes.” Lika Lee says. Telept expects to see even more application scenarios for NFTs once the labor required to create them has been reduced.

Telept City –  PC webpage, text adventure style NFT generation process Telept City 

Telept City : A New Era of Empowered Digital Asset Creation

The NFT market has been experiencing tremendous growth in recent years, and the AI is poised to take this trend to new heights. In today’s digital landscape, these interactions are often expensive, intimidating and high entry barriers. Telept City is a platform that leverages AI to automate the NFT creation process, making it accessible for anyone to create unique NFTs. The platform uses a semi-customized set of text inputs, in the form of selected words or phrases, to generate an image with a wide range of styles. In the upcoming version, users will be able to actively participate in the creation of their own NFTs by giving simple text. The goal of Telept City is to democratize the process of creating NFTs and empower individuals to express themselves creatively through the use of AI technology, representing a significant stride towards a more decentralized and equitable digital future for the industry.

Further Thinking of the Telept City 

Telept represents a revolutionary approach to NFTs, combining both blockchain and AI technologies to enable new forms of digital ownership and social interaction. The team will continue working towards its goal of empowering individuals, organizations, and communities by providing them with greater control over their data, on-chain identity, and social potential. 

Can’t wait to unlock a world of limitless possibilities with AIGC NFT? Make an AI NFT to become a member of X-Native. For more information, visit Telept City’s Website.

About Telept 

Telept is an all-in-one Socialfi Mobile DApp under the umbrella brand of a Stealth Startup. The company houses a number of products that span various categories that empowered with groundbreaking technologies. Telept makes building and launching Web3 projects easy from news feeds, groups, projects and more.

Socials:  Twitter | Discord | LinkedIn 

Contact

CMO
Renee B.
Telept Inc.
renee@telept.xyz


Özcan Köme And Cookielabs Proudly Announce Its Memberships Into The Crypto Valley Association

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Zurich, Switzerland, 23rd February, 2023, Chainwire


Cookielabs, a web3 and DeFi advisory firm founded by Özcan Köme, is proud to announce its membership into the Crypto Valley Association (CVA) Switzerland. This membership represents a significant milestone for the company and its founder.

Being one of the first independent Bitcoin Suisse affiliate partner back in 2016, Özcan Köme played a significant role in the early stages of the crypto industry. By hosting educational blockchain events while being the main speaker in front of thousands of people, he managed to generate 8 figures in turnover within his first year. With almost a decade of experience and knowledge, he possesses a deep understanding of the latest trends and opportunities within the Blockchain & DeFi field. Therefore with Cookielabs, he’s focused on providing innovative advisory solutions to help clients navigate the complex and ever-changing landscape of the DeFi market.

Özcan Köme, CEO and Founder of Cookielabs: “We are honored to join the Crypto Valley Association and to be a part of such a dynamic and forward-thinking community. The DeFi market is constantly evolving, and I believe that our membership in the CVA will be beneficial for all involved parties.”

The CVA is a Swiss organization in Zug (CH) that aims to create the world’s leading blockchain and cryptographic technologies ecosystem. They support startups, established businesses, and research projects, as well as host events like conferences and hackathons. CVA also acts as a bridge between Crypto Valley and other global blockchain innovation centers in London, Singapore, Silicon Valley, and New York.

With its new membership in the Crypto Valley Association, Cookielabs is well-positioned to continue providing innovative advisory solutions to its clients and stay ahead of the curve in the rapidly evolving DeFi market.

About Cookielabs

Cookielabs is a web3 advisory firm offering help in the following areas: project management, web development, web design, UX/UI design, and brand identity.

For more information, visit: 

website: https://cookielabs.ch/

Contact

Daniel Schmid
Cookielabs GmbH
danielschmid@cookielabs.ch


Trustlessly purchasing an NFT on Flare using the token of a different blockchain.

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Dubai, UAE, 23rd February, 2023, Chainwire


The layer-1 for data, Flare, just completed a live demonstration of new interoperability functionality now available in beta on the network. Using two core interoperability protocols, State Connector and Flare Time Series Oracle (FTSO), an NFT was trustlessly purchased with the transaction taking place on a different chain using a different token. The demo was performed on Flare’s canary network, Songbird, with the purchase made using DOGE and XRP tokens. 

Flare’s State Connector protocols enable information, both from other blockchains and the internet to be used securely, scalably and trustlessly with EVM-based smart contracts on Flare chains. In this case, it has been used to prove that a transaction has been confirmed on a non-Flare chain and simultaneously verify the correct payment reference was included.

The Flare Time Series Oracle delivers highly decentralized price and data feeds to dapps on Flare, without relying on a centralized provider to bring the data on-chain. For the demonstration, it provides the live updating price of the NFT in the currency of the other chain. 

As Flare is an EVM-based blockchain, everything that can be achieved on Ethereum and other EVM chains can also be performed on Flare. The NFTs minted in the demo are therefore standard ERC721 contracts written in Solidity and deployed on the network. The only changes required were the addition of methods to integrate with the FTSO and State Connector.

Hugo Philion, Flare CEO & Co-founder, said, “This demo highlights Flare’s ability to provide  more types of secure, decentralized data on-chain in order to power new functionality and potential use cases for the industry. The NFT demo is one example of the web3 utility Flare can unlock for legacy tokens, enabling them to be used trustlessly in dapps on the network. We are excited to see what other applications engineers can develop, harnessing the capabilities of Flare’s native interoperability protocols.”
Demo Video: https://www.youtube.com/watch?v=g0qxxm2EZjw 

About Flare

Flare is an EVM-based Layer 1 blockchain that gives developers decentralized access to high-integrity data from other chains and the internet. This enables new use cases and monetization models, while allowing apps to serve multiple chains through a single deployment.

Flare’s State Connector protocols enable information, both from other blockchains and the internet to be used securely, scalably and trustlessly with smart contracts on Flare.

The Flare Time Series Oracle delivers highly-decentralized price and data feeds to dapps on Flare, without relying on centralized providers.

Build on Flare with more data than ever before or build with Flare to serve multiple ecosystems.

Website   |   Twitter   |   Telegram   |   Discord

Contact

Nadav
nadav@marketacross.com


Satoshi Nakamoto’s last unfinished project inspires this new online marketplace disruptor in the crypto space

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Zug, Switzerland, 23rd February, 2023, Chainwire


A fork of Bitcoin, known as Particl, has announced the completion of an eBay-style marketplace that’s been integrated into its wallet. Built using blockchain smart contracts, the marketplace is derived from an original concept first proposed by Satoshi Nakamoto. 

Particl’s latest release forms a trustless, unstoppable marketplace where buyers and sellers can trade goods without the risk of getting scammed. It features zero fees and encrypted chat messages between buyers and sellers alongside ring signatures and blinding to provide greater transactional privacy than Monero.

Bitcoin’s creator vanished in 2011 after being invited to meet the CIA. His last email stated, “I’ve moved on to other things.” Before he disappeared, Satoshi was working on a marketplace built into Bitcoin. Now, a working version of this technology has been quietly released by an anonymous team of developers. Satoshi’s original Bitcoin source code included an unfinished marketplace in line 69 of the headers file. “I was trying to implement an eBay-style marketplace built into the client,” he said in a 2011 email to Mike Hearn.

During the Covid pandemic, the sale of many essential items was restricted on traditional platforms like Amazon and eBay due to price gouging rules. As a result, sellers took advantage of Particl’s decentralized governance system which offered no such selling restrictions. Items such as thousands of units of PPE, hand sanitizer, and Covid test appeared on the platform. During the Hong Kong student protests, items such as full-face gas masks and protective gear were listed. The first Tesla car was even listed for sale, well before Elon Musk took an interest in crypto.

The Particl marketplace currently only lets users pay in PART, its native currency. However, project developers are working on a mechanism to support direct payments in Monero, PIVX, FIRO, Dash, USDT, Litecoin, and Bitcoin later this year. There are plans to ultimately allow payment in almost any cryptocurrency thereafter, making Particl a truly crypto-agnostic marketplace.

About Particl

Particl is an Amazon, eBay and exchange disruptor. The project was started in 2014 and its foundation was established in Zug Switzerland in 2017. A portal view of the marketplace is available at particl.store, while to buy and sell items users can download Particl Desktop at particl.io. The Particls DEX, BasicSwap, can be downloaded at basicswapdex.com .

Further information can be found on the FAQ or by contacting spokesperson Dr. Kapil Amarasinghe at hello@particl.io.

Contact

Amarasinghe
Kapil
hello@particl.io


MEXC Lowers Trading Fees as it Works to Strengthen and Build Crypto Community Worldwide

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Singapore, Singapore, 23rd February, 2023, Chainwire


MEXC, the leading cryptocurrency exchange that performed exceptionally well throughout the recent market downturn, has announced a major reduction in trading fees.

Spot trading costs on the platform have dropped to zero for maker fees and 0.1% for taker fees, while futures trading costs have reduced to zero for maker fees and 0.03% for taker fees – making MEXC a great choice to trade cryptocurrency globally.

This move is aimed at encouraging newcomers to join its growing trading community as it works to drive wider adoption of cryptocurrencies globally.

The announcement comes as the market is bouncing back, and MEXC’s business growth and increased trading volume are testaments to its reliability and efficiency.

MEXC is committed to giving back to its community and takes its social responsibility commitments seriously. With the new fee structure in place, MEXC is confident it can attract even more traders and drive further growth in the cryptocurrency industry.

Bitcoin News reported that Futures trading volume on MEXC has increased by an impressive 1200%, a testament to the exchange’s commitment to providing the best trading experience for its users.

“We are proud to announce that MEXC now has the lowest fee overall in the cryptocurrency industry. Through our philosophy of users first, MEXC’s changing for you, we strive to do business in a way that makes users trade better with ease and confidence,” said Andrew Weiner, VP of MEXC Global. “We have seen substantial growth in the crypto industry. In 2022, the trading volume on MEXC alone increased exponentially versus the previous year. With the return of users’ confidence in trading, we believe that this fee reduction will be rewarding them with a much-needed boost to help the whole industry grow. “

MEXC’s commitment to the cryptocurrency industry and its users is unwavering, and the exchange will continue to look for ways to give back to the community and promote industry growth. With the new fee structure in place, MEXC is poised to become the leading cryptocurrency exchange, and traders can be assured of the best trading experience on the platform.

MEXC‘s announcement is a clear indication of the exchange’s commitment to its users and the industry as a whole. Traders looking for a reliable and efficient platform with low fees should look no further than MEXC.

For more information, visit: www.mexc.com

About MEXC

MEXC is the world’s leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services for spot, ETF, futures, Staking, NFT Index, and more. MEXC currently serves more than 10 million users worldwide and embraces the philosophy of “Users first, MEXC’s Changing for you”. Visit the website and blog for more information, and follow MEXC Global and M-Ventures.

Contact

PR in charge
Antonio Wu
MEXC Global
antonio@mexc.com


Maison Hennessy Announces The Launch Of Web3 Platform H3nsy

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New York, United States, 23rd February, 2023, Chainwire


Following exciting Maison Hennessy Web3 projects last year, including its first NFT-connected bottle and launch of Cafe 11 social club in partnership with Friends with Benefits DAO, Hennessy introduces H3NSY with a new brand mark, website and Twitter handle dedicated to the brand’s Web3 ventures and innovative practices. 

Hennessy, the world’s leading producer of cognac, has unveiled its latest initative in the Web3 space. The H3NSY eco-system, which features a new brand mark, website, and Twitter handle, reinforces the brand’s commitment to Web3 projects, collaborations, and innovations. 

Over the past year, Hennessy has introduced several exciting Web3 projects, including the launch of its first NFT-connected bottle, H8, which saw the bottles sold via Blockbar for $250,000 each, another Blockbar drop with Paradis Gold, as well as the introduction of a cultural NFT social club, Cafe 11, in collaboration with DAO Friends with Benefits (FWB). Through Cafe 11 NFT holders are given access to a program of Hennessy cultural events, with the inaugural event taking place last December in Miami and more programming updates to be released soon. These initiatives have established Hennessy as a strong player in the Web3 space and a driving force for innovation in the industry. 

With the launch of H3NSY, the 250-year-old cognac brand is taking its entrance into the blockchain universe one step further, allowing dedicated focus and communication around its endeavors and providing a hub for its community to learn about and engage with these initatives. 

“For Hennessy.” explains Laurent Boillot, CEO of Hennessy, “Web3 extends past NFTs into traceability and other practices that will improve the future of our business. The introduction of H3NSY now allows us to put dedicated focus and communication around these endeavors and gives our community a place to connect with this new part of our business.” 

The goal of H3NSY is to serve as a membership platform and hub for creators, cultures and communities, along with future NFT partnerships and Cafe 11 program annnouncements, Web3 bottle drops, and other blockchain innovations that the brand is currently investing in. 

To learn more about H3NSY and the innovative work that Hennessy is doing in the Web3 space, visit the platform at www.h3nsy.com and Twitter handle, @h3nsy.

About Hennessy 

The leader in Cognac, the Maison Hennessy has shone around the world with its exceptional know-how for more than 250 years. Built on founder Richard Hennessy’s spirit of conquest, the brand is present in more than 160 countries. Based in the heart of the Charente region, Hennessy is also a steadfast pillar of the regional economy. The Maison’s success and longevity are rooted in the excellence of it’s cognac, each of which is born of a unique process of transmission of know-how from generation to generation. The first spirits Maison to be certified ISO 14001, Hennessy unites its capacity for innovation and support of all of its partners to protect this exceptional area. As a crown jewel of LVMH Group, Hennessy is a major contributor to French international trade, with 99% of production sold in export, and a worldwide ambassador for the French art de vivre.
PLEASE DRINK RESPONSIBLY.

Contacts

Direcotr
Michael O’Brien
North Six
mikey.obrien@northsix.com
Web3 Development Director
Danielle Barich
Hennessy
dbarich-ext@moethennessy.com


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