SEC - Page 99

Tortola, BVI, July 25th, 2024, Chainwire

The Tanssi appchain infrastructure protocol has announced a significant collaboration with Grupo Flow, one of Brazil’s largest media ecosystems, boasting over 23 million subscribers across multiple platforms. As Grupo Flow transitions into the blockchain space with the creation of Flow Chain, this collaboration signifies a milestone. Tanssi will facilitate this move, not only bringing Grupo Flow’s vast community into the blockchain realm but also connecting them with Polkadot’s vibrant and interoperable ecosystem. This strategic integration ensures a robust, scalable infrastructure that will enhance user engagement, expand Grupo Flow’s audience reach, and open new monetization opportunities for content creators within the Flow Chain platform, leveraging both existing community strengths and new blockchain capabilities.

“The possibilities and connections with our audience through our own chain are very exciting. We are thrilled to have a trusted partner to guide us on this journey. Now it’s time to head to the lab, study the path and roadmap, and look forward to seeing the first features in our ecosystem,” said Andre Gaigher, CCO at Group Flow.

Grupo Flow Transitions to Blockchain, Setting a New Standard for the Digital Media Industry

Grupo Flow is a leading digital media ecosystem in Brazil, known for its vast reach and influence in the creator economy. With diverse ventures including creative hubs, software development, and audiovisual production, Grupo Flow has solidified its position as a key player in the Brazilian media landscape. Their platforms, such as the highly popular Flow Podcast, attract millions of followers and listeners, collectively achieving over 73 million views per month and amassing more than 23 million followers. As Grupo Flow transitions into the Polkadot blockchain space with Tanssi, they aim to enhance digital engagement, handle large-scale interactions, and seamlessly integrate advanced technology, all while maintaining their commitment to delivering an excellent user experience. This collaboration will help them strengthen their audience and tap into a new community of blockchain users, further enhancing their digital media ecosystem.

Tanssi & Grupo Flow: Unlocking Blockchain Potential for Digital Media Transformation

Tanssi’s advanced blockchain infrastructure is crucial in facilitating Grupo Flow’s seamless transition to the blockchain space. Grupo Flow will launch its own application blockchain, Flow Chain, offering a dedicated and customizable environment tailored to their needs. This collaboration will enhance digital engagement through tokenized interactions and decentralized governance, allowing users to participate in content decisions, access exclusive events, and earn rewards. Tanssi’s scalable infrastructure will handle high volumes of transactions, ensuring efficient processing and maintaining a seamless user experience for Grupo Flow’s large and active community.

By integrating with Polkadot’s interoperable ecosystem, Flow Chain will access a network of interconnected blockchains and leverage technologies like Moonbeam Routed Liquidity to expand into ecosystems such as Ethereum and Avalanche. This ensures robust security, consistent performance, and extensive growth opportunities. Tanssi’s infrastructure reduces transaction costs and opens up new revenue streams through staking rewards and tokenized assets. This strategic collaboration not only supports Grupo Flow’s transition to blockchain but also sets a new benchmark in the digital media industry by enhancing scalability, security, and user engagement.

Looking Forward: Grupo Flow’s Next Steps with Tanssi

Grupo Flow is set to revolutionize the digital media landscape with the launch of Flow Houses, inspired by Soho Houses, known for their exclusive memberships and luxurious amenities. This platform will offer unique, tokenized access to high-end venues and events through blockchain technology, showcasing Grupo Flow’s commitment to pioneering new experiences in the media sector. The upcoming launch of Grupo Flow on Tanssi Mainnet later this year marks one of the largest blockchain integrations by an online media group in Brazil, leveraging the scalability and efficiency of Tanssi’s infrastructure and benefiting from Polkadot’s interoperable ecosystem. For those interested in expanding their project to the blockchain space, Tanssi offers a straightforward, code-free application chain deployment platform. Explore and launch your project today at apps.tanssi.network.

About Tanssi Network

Tanssi’s appchain infrastructure protocol is designed to simplify and accelerate the deployment of appchains. By connecting a chain to Tanssi, it is instantly transformed into a modular appchain. This transition grants access to a developer-friendly and permissionless environment, fully stocked with all essential infrastructural components to run a chain right out of the box. Key features include a shared and decentralized network of block producers, ensuring robust security and data retrievability, alongside seamless integrations with vital tools like bridges, wallets, block explorers, RPC endpoints, indexers, oracles, and more. As a result, appchains can be deployed in just minutes—a significant improvement over the typical months-long process. Learn more at tanssi.network.

About Grupo Flow

Grupo Flow operates as a comprehensive media ecosystem, focusing on the creator economy with ventures in technology, content, media, production, and advertising. Central to the group is Estudios Flow, a creative hub housing over 30 creators dedicated to fostering dialogue, plurality, and transparency. Producing over 70 hours of content weekly across various formats and niches, Estudios Flow aims to build community ties nationwide. The ecosystem also includes Flow S.A., Flow Games, Flow News, Flow Sport Club, Venus, Ciência Sem Fim, Amplifica, the digital agency Golden Pill, software house WolfVision, and Flow Labs, specializing in audiovisual productions. The initiative traces back to the influential Flow, launched by Igor Coelho, a trailblazer in Brazil’s videocast arena. Learn more at linkedin.com/company/flow-grupo.

Contact

CMO
Katherine Quilca Barcelli
Moondance Labs
kathy@moondancelabs.com

Hong Kong, Hong Kong, July 25th, 2024, Chainwire

The ‘Web3 Shopify of Social’ hits 30,000 onchain users in 2 weeks as the first app goes live

OpenSocial Protocol, a composable infrastructure layer for building social applications, announced today a $6 million strategic backing led by Framework Ventures and North Island Ventures, with participation from other investors including Hivemind Capital Partners, Stratos, Moonrock Capital, Chorus One, HV Capital, X Ventures, Gate Labs, Panga Capital, Aspen Digital; and super angels like Jordi Alexander (Selini Capital), Sreeram Kannan (EigenLayer), Luca Netz (Pudgy Penguins), Sandeep Nailwal (Polygon Labs), Yaoqi (Altlayer), Robinson Burkey (Wormhole Foundation), Gabby Dizon (YGG), Mik Naayem (Dapper Labs), Cygaar (Abstract), Regan Bozman (Lattice Capital), Muddy Water and more. 

Built by Everest Ventures Group, a leading Web3 operating group in Asia focused on consumer applications, OpenSocial Protocol provides open-source, multichain social application infrastructure tools that enable users and communities to build social decentralized applications (dApps) without coding experience. This is a vision that OpenSocial stands by as it helps to lower the barriers of entry for users who are looking to create their own community app. 

Along with the $5 million seed funding round and $15 million in OpenSocial Protocol ecosystem funds raised previously, OpenSocial Protocol now has $26 million in funding to support the protocol’s development. Earlier investors include Portal Ventures, Animoca Brands, OKX Ventures, and renowned Web3 entrepreneurs include Smokey the Bera (Berachain), Jason Yano (Blockworks), Roham Gharegozlou (Dapper Labs), Brian Fabian Crain (Chorus One), Mike Dudas (6th Man Ventures) and more. 

“We think that the OpenSocial team is well positioned to become a major player in the growing SocialFi movement across Asia,” said Framework Ventures Co-Founder Vance Spencer. “Their team is immensely talented and has prior experience scaling apps and onboarding millions of users. We’re excited to partner with the team as they expand to support several promising new apps.”

“We believe that OpenSocial is building a sustainable social platform that can bring millions of new users into crypto, and we’re thrilled to be supporting Allen and his highly capable team in this effort,” said Travis Scher, Co-Founder and Managing Director of North Island Ventures.

“The strategic backing accelerates OpenSocial’s ability to deploy its infrastructure across all major chains and ecosystems, launch a user-friendly platform where creators, moderators, and users can easily build communities, and develop new dApps tailored for the existing Web3 culture and communities. We aim to help empower and launch 1,000 community apps by 2025,” said Allen Ng, Co-Founder of OpenSocial Protocol.

OpenSocial Protocol hits 30,000 onchain users in 2 weeks as the first app goes live

OpenSocial Protocol aims to onboard thousands of apps by providing infrastructure and a customizable user interface layer, ensuring true ownership of intellectual property and community relationships, and offering better-aligned monetization and financial incentives for communities and users. It is building the necessary open-source infrastructure to enable the largest multichain community economy by solving three key challenges: user retention, spam bot prevention, and user growth beyond the crypto-centric audience.

SoMon (short for Social Monster), a Reddit-like forum built to empower communities with true ownership, became the first app to launch on OpenSocial Protocol on June 19 with over 30,000 onchain active users, an average engagement time close to 20 minutes and over 300,000 onchain transactions, excluding spam bots, in just two weeks, solving one of the key challenges in any social media platform.

Another app that is launching on OpenSocial is Zeek, a social collaboration network that allows users to harness the value of their community-building networks through onchain social bounty mechanics and reputation building. In June, Zeek completed its own $3 million fundraise. 

OpenSocial: Enabling scalable, multichain social apps without coding experience

OpenSocial Protocol’s modular design with easy-to-deploy social tools on a multichain approach enables creators and communities to compose apps quickly and economically. Features are either on-chain or off-chain and include feed, chatroom, text/video/audio/posts, comments, reactions, voting, share, on-chain social graphs (social data and structure), tribes (user and topic-based communities), megaphones (advertising engine), as well as plug-ins (token issuance, DAO tools, betting, voting, bounties, matching, mini-games).

By embedding social functionalities into the core experience across different verticals, onchain social helps break down silos and enables greater connectivity and engagement across the entire ecosystem. “We believe social has the potential to be a major catalyst for mainstream consumer adoption. Every creator and community builder should be owners and entrepreneurs,” Ng added.

EVG has also deployed 80 developers and builders to develop the infrastructure for onboarding thousands of community apps with just a few clicks. 

By actively working with early adopters to integrate thriving communities, redefine data sovereignty, and implement sustainable economic incentives, OpenSocial is paving the way for a future where anyone can cultivate meaningful yet sustainable social connections and true social data ownership.

About OpenSocial Protocol

OpenSocial Protocol (OpenSocial) is a multichain Social infrastructure empowering creators to effortlessly build community apps. Leveraging its robust social graph and modular design, OpenSocial enables transparent content promotion to specific user groups, ensuring fair value distribution among all stakeholders. OpenSocial offers one of the best data, tooling, and financial layer, and its vision is to enable the largest multichain community economy. 

OpenSocial Protocol is founded by Everest Ventures Group.

Website: www.opensocial.co 

Twitter: https://twitter.com/OpenSocialLabs

Media contact: Gemma Lo / gemma@opensocial.co 

About Everest Ventures Group

Founded in 2018, Everest Ventures Group (EVG) is a Web3 operating group driving mass adoption of Web3 by building products with real use cases that are set to onboard the next million users.

Headquartered in Hong Kong with a global team of over 300 individuals, EVG has built and launched 15+ products across Social (OpenSocial Protocol, SoMon, Zeek), Gaming & Culture (Mugen Interactive, Legend of Arcadia, Last Odyssey, LiveArt) and FinTech (Aspen Digital). 

As an early investor and lead advisor, EVG has contributed to 10+ unicorns and 150+ defining projects such as Celestia, Berachain, Wormhole, Dapper Labs (Flow), Animoca Brands, Immutable, The Sandbox, Yuga Labs, Kraken, Lukka, Dunamu and Blocklords.

Website: https://www.evg.co/

Twitter: https://twitter.com/EVGHQ/ 

Disclosures: Information contained herein is accurate as of the date of publication and is subject to change. This is not investment advice and readers should not construe discussion of any particular organization as a recommendation to purchase or sell, or a solicitation of an offer to purchase or sell, any securities or digital assets related to such organization.

Contact

PR Manager
Kelvin Yeo
Everest Ventures Group
kelvin.yeo@evg.co

London, England, July 24th, 2024, Chainwire

MoonTaurus, the latest entrant in the cryptocurrency market, has made an impressive debut by raising $100,000 within the first two hours of its presale launch. As the presale continues, the team hopes excitement around MoonTaurus will increase, so it can be positioned as a significant player in the crypto market.

MoonTaurus (MNTR) has quickly gained popularity among other memecoins due to its presale structure. The MNTR presale is structured in several tiers, with limited tokens availability in each stage and subsequent price increase. During the presale phase, the token is set to increase in value from an initial price of $0.005 to $0.07 by the end of the presale (1300% higher). For example, users can buy MNTR for $0.005 a token, after which the price will increase to $0.01 in the second phase, double the current rate.

The team behind MoonTaurus (MNTR) is focused on achieving several key milestones to ensure the project’s long-term success. Their primary goal is to reach a $1 billion market capitalization, demonstrating their ambition and commitment to the project’s growth. To support this objective, the team is actively working to secure listings on decentralized exchanges (DEXs) to provide additional trading opportunities and help maintain a diverse trading ecosystem. 

The MNTR token features a total supply of 3 billion tokens, as a part of its tokenomics model. With a fixed total supply of 3 billion tokens, no additional tokens will be created.

In addition, the team is focused on building a big community that is engaged with the project via community-building initiatives and strategic partnerships. First, MoonTaurus (MNTR) is running a $100,000 giveaway to boost community engagement. MoonTaurus will award prizes to 10 lucky winners. To enter, participants need to follow MoonTaurus on social media, join the Telegram or Discord channels, and engage in promotional activities. This giveaway aims to create excitement around the project and increase its visibility.

Website: https://moontaurus.com/

Linktree: https://linktr.ee/moontaurus

Moontaurus is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Investing in memecoins can be a volatile activity.

Contact

Editor
John Moore
XENON Agency
contact@xenon.agency

San Francisco, California, July 24th, 2024, Chainwire

ETZ is transforming retirement planning by making digital assets available to retirees

ETZ, a premier service designed to simplify and enhance digital asset investing in retirement accounts, announced that it would offer SUI, the utility token powering Sui, a high-performance Layer 1 blockchain and smart contract platform, as an investment option integration for holders of its IRAs. ETZ now operates seamlessly with the Sui Network, which means that the SUI token can officially be held as an asset in a Tax-Advantaged Traditional or Roth IRAs, offering an unparalleled solution for investors looking to diversify their retirement portfolios while maintaining all of the tax advantages of keeping their assets in such a fund.

ETZ employs a regulated, state-chartered trust company to hold self-directed IRAs and custody of assets, ensuring a secure and compliant investment environment while facilitating rollovers of IRAs and 401(k)s. Furthermore, ETZ is insured up to $320M, provides institutional-grade asset security, and FDIC insurance on cash balances, providing peace of mind to investors. It also offers digital asset access through a tax-advantaged SEP IRA to help companies attract top talent by providing a more modern and diverse retirement platform as a benefit.

“At ETZ, we believe that increasing access to digital assets for every employee will transform employer incentive plans,” said Jiazi Guo, CEO of ETZ. “Sui’s meteoric rise in the blockchain space, backed by its unparalleled technology, underscores why we are so excited to offer our users the option to add Sui to their portfolios”

“ETZ has done an immense amount of work breaking down barriers to open up a new category of options to real people looking to secure a financial future for themselves and their families,” said Gap Kim, Head of Marketing for the Sui Foundation. “With the unique tooling and products that ETZ has engineered, these retirees now have access to a suite of products that will enable them to diversify their holdings and take advantage of the latest generation of financial innovation.”

ETZ’s integration with Sui is now live and investors can benefit from 24/7 access to their investments with the support of dedicated representatives, advanced security measures, and streamlined tax reporting. 

For more information about ETZ, users can visit https://etzsoft.com/. For more information about Sui, users can visit https://sui.io.

Contact

ETZ, Inc.
samuel@etzsoft.com

Singapore, Singapore, July 23rd, 2024, Chainwire

A groundbreaking moment in decentralized finance (DeFi) is here as Magnify Cash unveils its state-of-the-art DeFi protocol and announces the upcoming Fair Launch of its native token, $MAG. As a pioneer in financial technology, Magnify Cash is set to reshape the financial services landscape for individuals and enterprises alike.

The Future of Decentralized Credit Markets

Magnify Cash is spearheading the next evolution in decentralized credit markets, unlocking liquidity for Real-World Assets (RWAs), Future Yield Tokens (FYTs), and a myriad of digital assets through its innovative, permissionless lending desks.

Solving Key Financial Challenges

• Limited Liquidity: Bridging the gap for diverse digital assets.
• Decentralization: Eliminating centralized and custodial lending limitations.

Innovative Products and Solutions

• Permissionless Lending Desks: Facilitate borrowing and lending for any ERC-20 token against RWAs, FYTs, and other digital assets.
• Decentralized Borrowing Options: Provide lending solutions without intermediaries, ensuring maximum security and transparency.

Universal Collateral and Currency Support

Magnify Cash’s Universal Collateral Acceptance feature supports an extensive array of tokenized assets, including ERC-1155 and ERC-721 tokens. Users can now leverage NFTs and tokenized real-world assets such as art, real estate, bonds, and luxury goods as collateral, unlocking liquidity without the need to liquidate these valuable assets.

Key Features

• Comprehensive Support: Universal support for lending currencies and loan collateral (ERC-20, ERC-1155, ERC-721).
• Seamless Operations: Asset-backed borrowing and lending with permissionless creation and management of lending desks.
• Enhanced Liquidity: Extensive liquidity options for all digital assets, including stablecoins, ETH, liquid staking tokens (LSTs), meme tokens, blue chip NFTs, and treasuries.
• Advanced Risk Management: A dynamic interest rate model utilizing linear interpolation and scaling factors, eliminating the need for oracles.

Robust Security and Compliance

• Guardian Protocol Audit: Ensuring top-notch security.
• Gaslite Gas Optimization Audit: Maximizing operational efficiency.

Proven Testnet Success

• Over 500 lending desks created.
• More than 500 loans issued.
• Nearly 5,000 unique users engaged.

Strategic Alliances and Future Roadmap

Magnify Cash collaborates with leading industry partners like LydianLabs, FjordFoundry, Jiraiya, Tailored, Blaize, 4am, and H3AT Studios, amplifying the platform’s capabilities and outreach. Key security audits by Guardian Protocol and Gaslite reinforce Magnify Cash’s commitment to providing a secure and reliable platform.

Currently Live on

• Base Testnet

Exciting Upcoming Launches

• Base Mainnet: Coming Soon (Including RWAs)
• Ethereum Mainnet: Coming Soon (Including RWAs)
• Potential Layer 2 launches: Abstract Chain, Blast Chain, and more.

Fair Launch of $MAG Token

The $MAG token will be launched through Fjord Foundry’s liquidity bootstrapping protocol, ensuring a fair and transparent distribution. The token sale runs from July 23rd, 8:00 PM EST to July 27th, 8:00 AM EST, with over 70% of tokens allocated to the public. This equitable approach encourages broad participation and fosters a strong, engaged community. Active participants, including lenders, liquidity providers, and borrowers, are rewarded with $MAG tokens.

Participation Opportunities

Secure $MAG Tokens: The MAG token sale begins on July 23rd at 8:00 PM EST (July 24th, 8:00 AM Singapore Time). Participants are invited to join the Fair Launch at Fjord Foundry here.

Explore the Ecosystem: Magnify Cash invites interested parties to discover its comprehensive ecosystem by visiting the Website. Access the Pitch Deck, engaging Intro Video, detailed Whitepaper, and technical Documentation.

Engage with Our Community: Magnify Cash encourages joining its vibrant community for real-time updates and support. Follow us on Twitter, join the Telegram group, and participate in discussions on Discord.

About Magnify Cash

Magnify Cash is a non-custodial and permissionless decentralized credit market that empowers users to lend ERC-20 tokens and borrow against non-fungible tokens (NFTs) and Real-World Assets (RWAs) with unmatched flexibility and transparency. Committed to true decentralization, Magnify Cash ensures universal support for ERC-20 tokens as lending currencies and ERC-1155/ERC-721 assets as collateral. The protocol’s innovative approach to on-chain credit markets offers a fresh perspective in the evolving world of decentralized finance.

For more information, users can visit https://Magnify.Cash or follow Magnify Cash on Twitter at X.com/MagnifyCash.

Magnify Media Kit: Link.

Contact

Press Manager
Magnify.Cash
socials@magnify.cash