chainwire

Tony Vejseli, Figure Markets and GXD Labs Provide Clarification Following October 28 Meeting with Ionic Digital’s Board

San Francisco, USA, October 31st, 2024, Chainwire

Tony Vejseli, Figure Markets Holdings Inc., and GXD Labs, LLC (collectively “the Group”) today issued a statement to address recent developments following a meeting held on October 28 at White & Case’s Midtown Manhattan offices, where the Group met with the board of directors (the “Board”) and management team of Ionic Digital, Inc. (the “Company” or “Ionic”). The Group thanked White & Case for hosting the discussion but noted a need for clarification following the Company’s summary of the meeting in a press release, which they believe misrepresented several key points.

In response to Ionic’s statement regarding its affirmation of “strong momentum” and its “laser-focus” on implementing its strategic initiatives, the Group raised concerns over the Board’s apparent lack of knowledge of core operating metrics. They highlighted that the Board appeared unprepared to discuss any aspects of its financial or operational performance, including by answering any of Mr. Vejseli’s questions as described in his post on X, leading to questions about the Company’s competitive position and valuation. The Group also expressed skepticism about Ionic’s ability to complete its audit, initially expected in early 2024 and now anticipated by Q1 2025 according to the Company, within the announced timeframe due to the apparent lack of available financial information, including the Company’s EBITDA and expenses.

The Group indicated that alternative liquidity options for shareholders were discussed, yet they felt these options had not been fully explored or evaluated by the Board. The Group also raised concerns over Ionic’s contract with Hut 8, noting that, although it had presented a proposed solution, no alternative path forward was discussed by the Board or management.

During the meeting, the Group outlined a proposed plan for refreshment of the Board, specifically suggesting the resignation of three current board members—Scott Duffy, Tom DiFiore, and Emmanuel Aidoo – to be replaced by three new, independent directors with the requisite experience and skill sets. The proposal, supported by a detailed presentation, emphasized the need for strategic and experienced leadership to better align the company’s actions with shareholder interests.

Shareholders are encouraged to review the proposal and consider supporting a special meeting to vote on board changes.

About Figure Markets

Figure Markets is democratizing finance through blockchain. We’re building the exchange for everything – a decentralized custody marketplace for crypto, stocks, bonds, credit and more. We’re bringing best-in-class leverage, margining, and liquidity to our exchange, while offering our members extensive borrowing options and unique investment opportunities. Figure Markets puts our members in control of their assets and data, disintermediating legacy brokers, exchanges and lenders.

Figure Markets is backed by leading venture capital firms and strategic partners, including Jump Crypto, Pantera, Distributed Global, Faction Lightspeed, NewForm Capital and CMT Digital. Figure Markets was founded by a seasoned team of entrepreneurs and operators from TradFi, fintech, and DeFi, including Mike Cagney and June Ou.

Users can learn more at www.figuremarkets.com.

Contact

Director, Marketing
Paula Machado Jackler
Figure Markets
press@figuremarkets.com

=nil; Foundation Marches Towards Mainnet with Launch of Testnet v1

New York, United States / New York, October 30th, 2024, Chainwire

=nil; Foundation is launching a general-purpose Ethereum L2 powered by zkSharding that blends the scalability of appchains with the composability of a monolithic chain

=nil; Foundation, the tenured team behind =nil;, an Ethereum L2 powered by zkSharding, today announces the launch of Testnet v1. Following the successful Devnet launch in July, Testnet v1 is a key milestone on the =nil; product roadmap. This release includes several protocol upgrades, DevEx improvements, and concrete examples of using the network, including porting and integrating Uniswap V2 code to show how DEXs can work in sharded environments. Developers can learn about all the upgrades here and get involved by joining Testnet v1 here

=nil; is a general-purpose Ethereum L2 powered by zkSharding, an architecture inspired by Ethereum’s original vision for sharding, revitalized by zero-knowledge technology. Through zkSharding, =nil; enables application developers to access the scale of appchains with the composability of a monolithic chain. The team behind =nil; has been in the crypto ecosystem for almost a decade researching zero knowledge technology and are behind native tools such as Proof Market, zkLLVM, and Placeholder

This news follows the recent announcement of Avi Zurlo stepping up as the new =nil; Foundation CEO. Avi previously served as the Foundation’s CPO for nearly a year before becoming CEO and formerly led investments at Delphi Digital for 25+ early-stage crypto projects. =nil; Foundation is currently backed by key investors including Polychain Capital, Blockchain Capital, IOSG Ventures, and others. 

“Fragmentation in Ethereum’s L2 ecosystem is holding back the network’s potential. With =nil;, we’re cutting through that complexity,” said =nil; Foundation CEO Avi Zurlo. “Ethereum’s future is clear, and =nil; is committed to ensuring it thrives through zkSharding. By enabling both scalability and composability, zkSharding is a viable path forward for future generations seeking more equitable technology.”

Testnet v2 and Testnet v3 are planned to launch in Q2 and Q3 next year.  

“Since the early days of =nil; Foundation, our goal has been to overcome the trade-off between scalability and composability on Ethereum,” said Konstantin Lomashuk, Co-Founder of =nil; Foundation. “After years of research and development, zkSharding is the solution we envisioned. =nil; is the result of that work, empowering developers to build applications that scale without losing the seamless interaction Ethereum was meant to deliver.”

Users can join the Testnet v1 and follow =nil; Foundation on X or on Telegram to get the latest news, leading ZK research, and chances to join the team in building the future of scalable, trustless systems.

About =nil; Foundation

Founded in 2018, =nil; Foundation is the tenured team behind =nil;, a general-purpose Ethereum L2. =nil; is powered by zkSharding, an architecture inspired by Ethereum’s original vision for sharding, revitalized by zero knowledge technology. =nil; enables application developers to access the scale of appchains with the composability of a monolithic chain.

Contact

PR Consultant
Margaret Hyde
=nil; Foundation
Margaret@mhconsulting.io

DeStor Partners with Impossible Cloud to Launch Decentralized Cloud Backup Solutions

Cranford, US, New Jersey, October 30th, 2024, Chainwire

The partnership introduces a breakthrough in decentralized cloud storage, ensuring cost-effective, resilient, and secure backup solutions for enterprise-grade data management.

DeStor, a leader in decentralized storage solutions, has partnered with Impossible Cloud to introduce advanced decentralized cloud backup solutions. The collaboration provides businesses with robust, enterprise-grade storage that combines the transparency and security of decentralized architecture with unparalleled cost efficiency and performance.

DeStor Cloud Backup solutions are designed for enterprises requiring high-volume, secure, and scalable storage for big data, backups, and archives. By leveraging the power of decentralized technology, businesses gain unprecedented control over their data, avoiding the vulnerabilities of centralized systems and reducing costs by up to 80% compared to traditional cloud providers.

“Partnering with DeStor brings our decentralized storage capabilities to a wider range of enterprises looking for reliable, cost-effective, and highly secure data management solutions,” said Christian Kaul, Co-Founder and COO of Impossible Cloud. “Together, we are delivering the next generation of cloud backup solutions designed to meet the rigorous demands of today’s businesses.”

With the seamless integration of Impossible Cloud into existing Storage Area Networks (SANs) and backup infrastructures, businesses can leverage their current resources without disruption. DeStor Cloud Backup solutions support popular NAS backup systems like QNAP Hybrid Backup Sync and Synology Hyper Backup, enabling decentralized storage for critical data.

“With DeStor Backup powered by Impossible Cloud, businesses can now integrate decentralized backup seamlessly into their existing infrastructure,” said Jennifer King, Co-Founder and CEO of DeStor. “Whether through SANs, NAS systems, or leading backup platforms, our goal is to provide flexible, secure storage options that ensure long-term data integrity and compliance.”

DeStor Backup solutions are optimized for big data applications and are fully S3 API compatible, making integration simple and allowing businesses to switch effortlessly from other cloud providers. In addition, by eliminating costly egress fees, DeStor Backup offers scalable storage that’s as flexible as it is affordable.

About DeStor

DeStor is a leader in decentralized storage solutions, harnessing blockchain technology to deliver secure, scalable, and verifiable enterprise-grade storage services. By seamlessly integrating Web3 technologies with enterprise applications, DeStor empowers data owners to easily try decentralized storage through effortless drag-and-drop solutions or access white-glove consulting services, solving business challenges to deliver tangible outcomes. Committed to integrity, clarity, and expertise, DeStor is redefining the future of data storage. For more information, or to upgrade to DeStor, visit https://destor.com | LinkedIn | X

About Impossible Cloud

Impossible Cloud is a revolutionary cloud platform that offers decentralized, multi-service cloud solutions. The platform is based on web3 technology and decentralized infrastructure, which allows it to be scalable, secure, and cost-effective. With just a single line of code, customers can access Impossible Cloud’s cloud storage service. To learn more, please visit https://www.impossiblecloud.com

Contact

Co-founder & CEO
Jen King
DeStor
jen@destor.com

XSOLLA TO LAUNCH XSOLLA ZK, ADVANCING WEB3 ADOPTION FOR VIDEO GAMES

Los Angeles, United States, October 30th, 2024, Chainwire

Xsolla, a global video game commerce company, announces plans to launch Xsolla ZK and introduce a digital backpack of virtual items on the blockchain. Xsolla ZK is powered by ZKsync technology and will drive the continuous growth and expansion of Web3 technologies to further develop solutions on the blockchain for the video game industry.

Xsolla ZK will become part of the Elastic Chain ecosystem- an expanding constellation of interconnected chains powered by Zksync, an Ethereum Layer 2 zero-knowledge roll-up technology. Xsolla ZK will also introduce its ‘digital backpack’ for game developers, item creators, and gaming infrastructure providers to store and manage in-game items. Xsolla has seen success in the gaming industry, with two decades of experience, over 2,500 games monetized with its products, and over 1,000 developers and publishers utilizing its technology for their games. 

Lee Jacobson, Senior Vice President of Business Development Web3 at Xsolla, expressed his enthusiasm for the project: “Xsolla ZK leverages Ethereum Layer 2 zk Rollup technology to create a digital backpack for game developers. By deploying our expertise on the ZKsync Elastic Chain, we provide game developers with a scalable and pioneering solution aligning with the economic models with which they are familiar. Xsolla ZK is not just about innovation; it’s about creating real value for the gaming community.”

Xsolla will combine its expertise in in-game commerce with ZKsync’s cutting-edge blockchain technology. Rich Kim, Head of Gaming at Matter Labs, said, “We are thrilled to see companies like Xsolla launch pioneering projects for Web3 gaming. For gaming ecosystems to thrive, it’s critical to close the gap for both users and builders; builders need proven, plug-and-play infrastructure to launch rich features while handling the performance required by mass usage games. Additionally, users need easy-to-use and convenient in-game features and payment options that can be leveraged across a broad ecosystem of games. Xsolla ZK is carving a path for gaming to transition and thrive in Web3.”

About Xsolla

Xsolla is a global video game commerce company with a robust and powerful set of tools and services designed specifically for the industry. Since its founding in 2005, Xsolla has helped thousands of game developers and publishers of all sizes fund, market, launch, and monetize their games globally and across multiple platforms. As an innovative leader in game commerce, Xsolla’s mission is to solve the inherent complexities of global distribution, marketing, and monetization to help their partners reach more geographies, generate more revenue, and create relationships with gamers worldwide. Headquartered and incorporated in Los Angeles, California, with offices in Montreal, London, Berlin, Beijing, Guangzhou, Seoul, Tokyo, Kuala Lumpur, Raleigh, and other cities around the world, Xsolla supports major gaming titles like Valve, Take-Two, KRAFTON, Nexters, NetEase, Playstudios, Playrix, miHoYo, and more. 

About the Elastic Chain

The Elastic Chain is an ever-expanding cluster of ZK rollups, secured by cryptography and designed for native interoperability with a unified, seamless user experience. The Elastic Chain delivers the functionality of a multi-chain ecosystem with the simplicity of a single blockchain, enabling scalable, secure, and efficient transactions. These core components ensure that this cluster of ZK Chains can interact and transact with each other efficiently, inheriting the security of Ethereum and forming a network that can scale horizontally without compromising on the core properties that make blockchains so powerful.

For more information about Xsolla ZK and how to get early access, users can visit: xsolla.pro/zk

For additional information and to learn more, users can visit xsolla.com.

For additional information and to learn more, users can visit matter-labs.io.

Contact

Global Director of Public Relations
Derrick Stembridge
Xsolla
d.stembridge@xsolla.com

PAID Network Unveils Revolutionary Community-Centric Crowdfunding with Exclusive LCO for Blast Royale

Dubai, UAE, October 29th, 2024, Chainwire

PAID Network ($PAID), a leading decentralized token crowdfunding platform, is thrilled to announce the launch of an exclusive Low FDV Community Offering (LCO) for Blast Royale, a Tier 1 blockchain game backed by industry giants such as DragonFly Capital, Mechanism Capital, and Animoca Brands. With over 1 million app downloads, 30,000+ daily active users, and a vibrant community exceeding 220,000 members, Blast Royale aims to make a significant impact in early November through PAID’s platform alongside over a dozen other projects that have committed to this initiative. 

Pioneering a Community-First Investment Model

In a move set to redefine the blockchain investment landscape, PAID Network is introducing a first-of-its-kind community-centric investment model that, according to PAID, directly addresses the longstanding issues of low float and high Fully Diluted Valuations (FDVs). By offering Blast Royale at a low $10 million FDV—substantially lower than the last round at $48m FDV —PAID is putting the community at the forefront, ensuring early investors have the potential for wealth generation at a large discount compared to other rounds. (Blast Royale’s previous rounds led by Animoca Brands, & Mechanism incl. 2022 FDV of 33.7M and Early 2024 FDV of 48M).  

Kyle Chassé, Founder of PAID Network, stated:

“Crypto has drifted away from what really matters—empowering the community. The Low FDV Community Offering (LCO) flips the script, giving real people a shot at serious upside without the insane valuations or pump-and-dump hype. This is about getting back to the core of why we’re here: creating opportunities for everyone to win and be part of something bigger.”

Addressing the Low Float High FDV Issue

According to PAID Network’s data, the traditional “low float, high FDV” model has been a persistent problem in the Web3 space. Projects often launch with a small circulating supply (low float) and an inflated FDV, leading to:

  • Imbalanced Token Distribution: Early venture capitalists hold large portions of tokens, leaving retail investors at risk of being sold on by large holders.
  • Price Volatility: Limited token availability can cause extreme price fluctuations, making the tokens unstable and discouraging market participation. 
  • Community Disengagement: Retail investors feel disadvantaged, leading to decreased trust, participation, and poor community sentiment.

PAID Network’s LCO model is designed to solve these issues by:

  • Offering Lower FDVs: By securing project offerings at significantly reduced valuations, the community gains access to investment opportunities that were previously out of reach.
  • Ensuring Fair Token Distribution: The LCO promotes wider token distribution among community members, fostering a more balanced and stable market.
  • Aligning Incentives: Projects benefit from an engaged community committed to long-term success rather than short-term speculative gains with the goal of bringing back strong community associations.

Users can register here for the sale starting on the 6th/7th Nov: https://link.paidnetwork.com/Register  

A Major Rebrand Reflecting Community-First Values

Alongside the LCO for Blast Royale, PAID Network has undergone a transformative rebrand and UX/UI overhaul. This evolution reflects PAID’s commitment to being a community-first crowdfunding platform, emphasizing a theme of financial freedom and prosperity for all.

New Site

Commenting on the vibrant new identity, Kyle added:

“We believe crowdfunding should be exciting, rewarding, and inclusive. Our new brand reflects that vision, and we’re eager to have both seasoned crypto enthusiasts and newcomers join us on this journey.”

Innovative Features Enhancing the Crowdfunding Experience

By pioneering a community-centric investment model, PAID is working to redefine the crowdfunding landscape through its several groundbreaking features in their upcoming updates, including:

  • Gamified Crowdfunding: Leaderboards, challenges, and rewards allow retail investors to earn perks by actively participating.
  • Account Abstraction: Simplifies onboarding for non-crypto natives, removing the complexity of crypto wallet management.
  • Community Impact Score: A merit-based ecosystem where holders of PAID’s native token and projects launched earn points to access exclusive rewards & opportunities.
  • Real-Time State of $PAID economy: Users can track the $PAID Flywheel and the upcoming buy-back, burns, and airdrops in real-time.
  • Multi-Chain Single Click Swaps: Seamless cross-chain integration makes trading and investing more accessible than ever.
  • Community Fund: PAID’s DAO will be launched to empower the community with key voting and decision-making responsibilities regarding future project investment opportunities.

[Features to be rolled out Q4 2024]

About PAID

Founded in 2021, PAID is a decentralized crowdfunding platform that connects innovative projects with investors. By ensuring a secure, transparent, and community-first crowdfunding experience, PAID has become the leading global investing platform for Web3 projects. To date, PAID has facilitated over $35 million in capital across 110 investments and is integrated with over ten blockchain networks. With a thriving community of over 250,000 members, users can stake the $PAID token to unlock various benefits, including rewards, buyback & burn mechanisms, and governance participation. The $PAID community fund invests in exclusive early-stage deals, distributing returns to loyal users.

PAID Socials

X | Telegram Community Channel | Telegram Announcement Channel | Discord | Medium 

Contact

Justin Chevalier
Justin@paidnetwork.com

Student Coin Announces Comprehensive STC Token Redemption Following Operational Shutdown

New York, United States of America, October 29th, 2024, Chainwire

Student Coin, an educational crypto project established in 2019, has initiated a structured token redemption process following the decision to wind down its primary operations. This move aims to protect the interests of STC token holders as the team transitions its focus towards new ventures.

Originally launched by undergraduates from Kozminski University in Warsaw, Poland, Student Coin began as a student-focused initiative designed to explore blockchain applications in academia. The project quickly expanded, reaching over 15,000 students at more than 500 universities by the end of 2020. Throughout its development, Student Coin introduced various products, including the STC Wallet, STC Terminal, STC Academy, and Coinpaper, which supported blockchain education and fostered community engagement.

Following the success of its 2021 STC Launchpad, the project experienced continued growth, culminating in a user base of over 200,000. However, as the crypto market evolved, the team faced challenges ranging from legal obstacles and university resistance to the collapse of major exchanges, all of which impacted its operational outlook.

Challenges and Strategic Reassessment

Despite significant milestones, Student Coin encountered mounting difficulties in achieving its goals. Efforts to scale the STC Wallet as a multi-functional exchange faced legal risks and the collapse of exchanges like FTX forced a rethink. Attempts to expand the STC Terminal were met with resistance from institutions wary of token-based applications. By 2023, it became evident that scaling $STC to meet its desired utility and market value was increasingly difficult.

After careful consideration, the Student Coin team opted to phase out products such as the STC Terminal, STC Academy, and other initiatives. This decision reflects the company’s intention to act responsibly by redeeming $STC tokens instead of continuing with limited prospects for growth.

The decision was made to distribute all remaining project funds between token holders, ensuring that through winding down the token, everyone receives fair compensation based on their individual situation.

The established redemption prices range between $0.006 and $0.0137 per STC Token and are tailored to individual user profiles. Factors such as purchase price, purchase date, token holdings, and participation in programs like the Premium Program influence the final redemption value. This tiered system rewards those who have been with the project from the start and actively engaged with the Student Coin ecosystem.

Image: STC token’s historical price index along with the major events affecting its fluctuations.

STC Token Redemption Process

Student Coin’s token redemption program began on April 9, 2024, with an initial window for STC Wallet users that closed on June 9. An additional deadline for redeeming tokens via redemption request on October 9, 2024, marks the closure of the STC Wallet, while on-chain token holders have time until April 9, 2029, to redeem their tokens. This extended timeline accommodates the shutdown of on-chain support and ensures ample opportunity for token holders to complete the redemption process.

On-chain holders can transfer tokens to a designated burn address. Users should expect a processing time of up to three months to receive the USDC back to the address. 

Keep in mind that USDC can only be sent to the address that burned $STC. Users cannot receive USDC at any other address. Furthermore, it is extremely important to remember that users cannot send $STC to the burn address directly from an exchange, as they would lose all of their funds.

Read the detailed on-chain burn procedure.

About Student Coin

Founded in 2019 by a group of university students in Warsaw, Poland, Student Coin sought to harness blockchain technology for educational and community-building purposes. Initially targeting students and academia, the project grew to encompass a global community of over 200,000 users and introduced products such as the STC Wallet, STC Terminal, STC Academy, and Coinpaper. Focused on accessible blockchain education and tokenized solutions, Student Coin rapidly expanded to more than 500 universities worldwide. As the project winds down, the team remains committed to supporting the community through a comprehensive token redemption program and plans to pursue new initiatives in the crypto media sector.

For more information, please visit StudentCoin.org.

Contact

Coinpaper
contact@coinpaper.com

Xandeum Confirms XAND Token Launch and xandSOL LST for October 29

Las Vegas, United States, October 29th, 2024, Chainwire

Solana storage scaling solution Xandeum has confirmed details of its forthcoming token launch and storage-enabled liquid staking program. On October 29, 16:00 UTC, the XAND token will officially launch, offering the Xandeum community a way to participate in the network and earn rewards.

The XAND token and LST launch will be accompanied by the first Xandeum airdrop that will see 60M tokens issued to eligible users on October 29. A number of centralized and decentralized exchanges have committed to supporting the XAND token launch including Raydium and MEXC.

The Xandeum DAO is the vehicle that powers both the Xandeum scalable storage layer that is currently being built, as well as the storage-enabled liquid staking solution launching October 29. The DAO captures both of these, which is a unique feature among such platforms. The XAND token offers complete governance over that DAO, which makes XAND one of the most utility-rich tokens on Solana.

XAND rewards for early stakers of SOL into the storage-enabled liquid staking platform at https://stake.xandeum.network will get 10x boosted XAND rewards which will result in ludicrous amounts of XAND rewards during the hyperdrive stage, defined as the stage when the pool has less than 30,000 SOL staked. The LST also carries another major innovation: It is the first multi-validator LST on Solana that programmatically shares block rewards.

Xandeum’s forthcoming storage solution will allow Solana programs to scale through enabling dapps to access exabytes of data. This will support new use cases, like porting data-rich web2 apps to fully decentralized web3 versions. Xandeum solves the blockchain storage trilemma, being scalable, random access, and smart contract native at the same time. In order to demonstrate these capabilities, a dapp named Xandipedia is being worked on – a fully decentralized version of Wikipedia.

Xandeum’s smart contract native scalable storage layer has been designed to integrate directly into Solana RPC nodes. Data storage is offloaded to a network of decentralized pNodes (storage provider nodes) overseen by Xandeum-aware Solana validator nodes. This will enable Solana dapps to access virtually unlimited storage that can be queried rapidly while maintaining a high degree of decentralization.

About Xandeum

Xandeum is a storage scaling solution for Solana and the world’s first storage-enabled liquid staking platform. Powered by the XAND token, Xandeum is on track to launch its storage provider network in early 2025, delivering a breakthrough in decentralized Solana storage that will power a new wave of dapps.

Learn more:

https://www.xandeum.network 

Contact

Founder
Bernie Blume
Xandeum Labs
hello@xandeum.com

Blockchain Life 2024 gathered the leaders of the crypto community from 120 countries in Dubai

Dubai, UAE, October 26th, 2024, Chainwire

The 13th edition of the Blockchain Life Forum, the premier gathering for cryptocurrency leaders worldwide, recently concluded with an astounding attendance of over 12119 participants.

The forum showcased over 200 esteemed speakers, featuring industry pioneers and executives from top companies, including OKX, CoinMarketCap, Bitmain, Bybit, Binance, Animoca Brands, Circle, BingX, ICP, Kraken, TON, Sandbox, Polygon, Litecoin, Sui, BNB Chain, Cardano, DYDX, VeChain, Osmosis, Chiliz, Algorand, Ether Fi, Manta, Mantle, Delysium, and many more.

The exhibition of crypto companies featured 125 amazingly beautiful booths. Major players such as OKX, Bitmain, BingX, KuCoin, Bitget, Listing.Help, and Uminers offered attendees an exclusive glimpse into the latest technologies and innovations shaping the crypto landscape.

As a spectacular finale to the forum, participants enjoyed the Legendary AfterParty at one of the world’s premier clubs, SKY2.0. This informal networking event provided a platform for top industry figures to connect, complemented by a dazzling live performance from internationally celebrated artist French Montana, who thrilled over 1,200 attendees with his chart-topping hits.

Looking ahead, the next Blockchain Life is scheduled to be held on October 28-29, 2025 in Dubai

Presale tickets and sponsorship applications for the upcoming Blockchain Life are currently available – users can visit https://blockchain-life.com for more information.

The organizers of Blockchain Life 2024 – Listing.Help and Jets.Capital

General Sponsor of Blockchain Life 2024 – Uminers

General Sponsor of the Official AfterParty – Bitmain

Contact

Maria De
info@blockchain-life.com

Valhalla Partners with Hong Kong International Cricket Sixes for a Thrilling Comeback

Miami, Florida, October 25th, 2024, Chainwire

Valhalla, Floki’s PlayToEarn Massively Multiplayer Online Role-Playing Game (MMORPG) blockchain game, has teamed up with the Hong Kong International Cricket Sixes as its official partner, marking the much-anticipated return of the tournament after a seven-year break.

From November 1 to November 3, top international teams will face off in this fast-paced cricket format at the Tin Kwong Road Recreation Ground.

The Cricket Sixes has been a celebrated event since its debut in 1992, with legendary players like Sachin Tendulkar, MS Dhoni, Shane Warne, and Sanath Jayasuriya gracing the field over the years. 

Valhalla’s partnership with the Sixes reflects the synergy between competitive sports and the blockchain gaming world. 

“We are thrilled to be part of the Hong Kong International Cricket Sixes. The excitement and energy of this iconic event resonate with our own commitment to innovation and community in gaming,” said Mr. Brown Whale, Valhalla’s lead. “This collaboration allows us to engage with cricket fans and show how PlayToEarn gaming can elevate both entertainment and the spirit of competition.”

The matches will be broadcast across multiple regions by Star Sports Network, and in India, viewers can catch the action on Fancode, one of the country’s largest sports OTT platforms.

On the ground, key branding assets will include ground perimeter boards, mid wicket logo mats, and the presentation backdrop, ensuring strong visibility for both Valhalla and the Sixes event.

This year’s tournament will feature 12 teams divided into four groups. In Group C, India, led by stars like Robin Uthappa and Kedar Jadhav, will face off against Pakistan and the UAE. 

Group A includes South Africa, New Zealand, and host nation Hong Kong. Group B brings together Australia, England, and Nepal, while Sri Lanka, Bangladesh, and Oman make up Group D. The top two teams from each group will progress to the quarterfinals, with 29 matches set to take place over three action-packed days.

About Hong Kong Sixes

The Hong Kong Cricket Sixes is a six-a-side international cricket tournament held at the Kwong Road recreational ground from 1st to 3rd Nov. The 2024 edition will be conducted after a 7 year gap and 12 of the best cricketing nations will battle it out for top honors. Uses can learn more at www.hkcricket.org

About Valhalla

Valhalla is a blockchain-based MMORPG inspired by Norse mythology, offering players the chance to discover, tame, and battle with creatures called Veras. The game features a player-driven economy and a hexagonal battlefield designed for dynamic combat. Users can learn more at Valhalla.game.

Website | YouTube | Telegram | Instagram | TikTok | Discord | Facebook | Reddit | Twitch

Contact

Community Relations Officer
Pedro Vidal
FLOKI
marketing@floki.com

BingX Restores Full Operations and Unveils “ShieldX” for Enhanced Security

Vilnius, Lithuanian, October 24th, 2024, Chainwire

BingX, a global leading cryptocurrency exchange, has fully restored its operational capacity following a recent hot wallet incident, with all deposits and withdrawals back to normal. In response to the event, BingX is unveiling its new “ShieldX” initiative, a comprehensive plan aimed at enhancing the platform’s security infrastructure.

“ShieldX” introduces an upgraded wallet firewall designed to provide advanced protection against external threats, further safeguarding user assets. BingX has also partnered with leading third-party security firms to implement extra round-the-clock monitoring and threat detection, ensuring any vulnerabilities are identified and addressed swiftly and proactively.

In addition to enhanced firewalls and partnerships, BingX will undergo regular, rigorous security audits conducted by independent security agencies. The exchange is also rolling out a new hacker bounty program, offering rewards to security researchers who help identify potential vulnerabilities, reinforcing its dedication to continuous improvement.

Utilizing its new cybersecurity initiative, BingX is reaffirming its position as a leader in the cryptocurrency space by putting user safety at the forefront. This initiative not only enhances security but also emphasizes the exchange’s long-term commitment to transparency, resilience, and innovation in the face of evolving cybersecurity challenges.

Vivien Lin, Chief Product Officer at BingX, emphasized the importance of the platform’s swift recovery and ongoing commitment to user security. “We are pleased to confirm our platform has not only returned to standard operations but the platform has also been thoroughly enhanced to a higher performance level than before the incident. BingX’s quick response highlights our dedication to safeguarding user assets, with trust, efficiency, and transparency at the heart of our approach. The launch of ‘ShieldX’ marks a crucial step in proactively strengthening our platform’s defenses,” Lin said. “Our priority remains ensuring a secure environment for all users through continuous improvements and strategic partnerships. Furthermore, we are committed to collaborating with industry leaders to drive higher security standards across the crypto ecosystem.”

About BingX

Founded in 2018, BingX is a leading cryptocurrency exchange serving over 10 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became Chelsea FC’s principal partner, marking an exciting debut in the world of sports.

For media inquiries, users can contact: media@bingx.com

For more information users can visit: https://bingx.com/

Contact

BingX Media
media@bingx.com

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