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Press Release

Smart Token Labs supports Carla Chan and La Prairie in First NFT Drop

Manly, Australia, 17th May, 2022, Chainwire Bringing Art and Beauty Lovers Into Web3 The first NFT art collection from the world’s leading luxury skincare brand La Prairie in collaboration with world renowned digital artist Carla Chan – is notable for more than the innovative and inspiring art that it represents. “Space Beyond” by Carla Chan involves 365 + 1 editions of unique, forever-changing artworks generated in real-time with weather and demographic data. Each artwork represents a day in the year of the 31 most populated cities across the globe. The artwork will be dropped on May 18 at FRIEZE New York and proceeds will benefit the preservation of glaciers around the world. The drop can be accessed at www.nft.carlachan.com from 11am EDT on May 18. Smart Token Labs is supporting Carla C...

Anonymous Turns to CultDAO for Support Against Unjust Government Actions

London, UK, 12th May, 2022, Chainwire Anonymous, the international activist group responsible for white-hat hackings, announced that it intensifies its fight against Russia and other unjust national governments. To this end, it will source funds from crypto projects with “similar conceptions,” such as CultDAO. The announcement comes in the wake of the cyber warfare between Anonymous and Russia, which started shortly after the Russian invasion of Ukraine, on March 15th. The hacktivist group has often provided support against governments and organizations, which, in its views, act unjustly towards innocent people. Shortly after the Anonymous announcement on Wednesday, CultDAO reiterated its support for the hacktivist group by “funding the revolution.” CultDAO is a community-driven decentrali...

YGG SEA to conduct SEA Token IDO public sale on Copper between May 9th and 14th

Yield Guild Games Southeast Asia (YGG SEA), a sub-decentralized autonomous organization (subDAO) of the Philippines-based blockchain gaming startup Yield Guild Games (YGG), has announced that it plans to conduct an Initial DEX Offering (IDO) public sale between May 9th and May 14th. The IDO shall be conducted on the Copper Launchpad and shall start at 15:00 UTC on May 9. A total of 75 million SEA tokens will be up for grabs during the IDO public sale, which is 7.5% of the total supply of SEA tokens, which stands at one billion tokens. The starting price of SEA during the IDO will be $0.50. Commenting about the IDO, the YGG SEA Co-founder, Irene Umar, said: “The IDO is a once-in-a-lifetime opportunity to appreciate our community’s unconditional support. We are where we are because of the co...

Solana Ventures partners with YGG SEA, co-leads $500K investment round

YGG SEA and Solana’s investment branch Solana Ventures announced a partnership to strengthen Solana’s operations in Southeast Asia, CoinText learned from a press release.  The region’s game developers and broader gaming community will get more access to resources as a result. Solana Ventures also co-led a $500,000 investment round for YGG SEA.  Solana’s ultimate goal: Expanding throughout the region   The partnership with YGG SEA is a crucial step toward Solana’s ultimate goal: to expand throughout Southeast Asia. The region’s esports and gaming community numbers 225 million, making it a substantial part of the global video game industry.  Rapidly growing range of YGG game titles  What’s more, YGG SEA’s scholars will have access to a higher number of popular games ...

Cake DeFi introduces a new feature “Borrow” to allow users to borrow DUSD

Cake DeFi, a leading Singapore-based fintech decentralized finance (DeFi) platform has announced the launch of its new product called “Borrow.” Borrow shall allow users to borrow Decentralized USD (DUSD) using Bitcoin (BTC), Ether (ETH), USD Coin (USDC), Tether (USDT), and DFI as collateral. The “Borrow” feature gives users a better option of investing in crypto rather than just HODLing. The new product shall allow users the novel opportunity of increasing their crypto portfolios and potentially also boost their DeFi earnings. The Co-founder and CEO of Cake DeFi, Dr. Julian Hosp, said: “We are excited to launch Borrow to provide users with more liquidity to invest in DeFi services while holding on to their assets. DeFi empowers people to generate passive income on their cryptocurrencies wi...

SNACKCLUB raises $9M in seed funding to launch unique gaming DAO

SNACKCLUB, a new sister company to LOUD, the most dynamically growing international brand with a total of 300 million followers, raised $9 million in a seed funding round, CoinText learned from a press release.  The company, which is also the first gaming organization to reach a billion views on YouTube, will launch a DAO with the goal of transforming ownership in gaming. A game changer  Traditionally, gamers do not own the currency, equipment, or assets their characters have acquired in the many hours spent playing games. With the advent of Web3, they can “mint” in-game items to an external blockchain wallet that grants rare assets value at once.  Jean Ortega, cofounder of LOUD and managing partner of SNACKCLUB, commented: LOUD has always been a community-first organization...

Portal partners with HighCircleX to launch tokenised shares on the Bitcoin blockchain

Tokenised equities have been launched on various blockchains, but this is the first time they will be coming to Bitcoin. Portal, a cross-chain Layer-2 DEX network, announced earlier today that it had partnered with HighCircleX, a blockchain-based asset marketplace by High Circle Ventures. The partnership will see the two entities tokenise shares in pre-IPO companies on the Bitcoin blockchain. This latest development is a huge plus for Portal in its bid to bring real-world use cases to Bitcoin. According to the press release shared with CoinText, the tokenisation of equity in private, pre-IPO companies will help bring liquidity to illiquid assets, the companies said. Furthermore, it will increase the utility of the Bitcoin blockchain. Portal’s Executive Chairman, Dr. Chandra Duggirala, said...

High-growth crypto exchange Currency.com announces foray into US

Currency.com, the exchange helping users connect with the booming world of cryptocurrencies, has announced an expansion into the US, Coin Text learned from a press release. US clients will be able to access the website from 1 May 2022.   Strong global growth  Currency.com’s expansion into the US is a consequence of impressive global growth. In 2021, its trading activity was up by 445% year-over-year. The total number of trades carried out on the crypto exchange grew by 409% in the same period. Simplified onboarding, fiat-to-crypto wallet Currency.com US will feature a faster, more streamlined onboarding procedure and fiat-to-crypto payment gateways. This makes US clients the first to benefit from faster and simpler onboarding and more effective performance.  Currency.com US ...

DeFiChain adds Intel, Disney, iShares MSCI China ETF, and MicroStrategy dTokens

DeFiChain, the world’s leading blockchain built on the Bitcoin blockchain has announced that it has added four new decentralized tokens (dTokens) after a Ticker voting by the community. The four newly added dTokens are based on four assets namely Walt Disney Co, iShares MSCI China ETF, Intel Corporation, and MicroStrategy Incorporated. The tokens shall be denoted as follows: $dINTC – Intel Corporation $dMCHI – iShares MSCI China ETF $dDIS – Walt Disney Co $dMSTR – MicroStrategy Incorporated Following the addition of the four new dTokens, the Lead Engineer at DeFiChain, Prasanna Loganathar said: “DeFiChain is continuously expanding the dToken universe to give users a serious alternative to the traditional financial broker – all whilst offering the flexibility and benefits of decentralizatio...

Ghanaian art creator Kojo Marfo presents his own NFT series

Acclaimed Ghanaian artist Kojo Marfo is presenting his own NFT series, CoinText learned from a press release. He will be collaborating with JD Malat Gallery to mint the collection. The minting will take place in April this year. A powerful, impactful tool Artwork is a powerful tool that can offer diverse views of controversial issues. His upcoming NFT collection highlights the ongoing evolution of society. Marfo believes NFTs are the next frontier of communication for artists, forging a strong connection between the real and the virtual world. The NFT collection was created through 250 characteristics, which generate unique NFTs. It is inspired by the artist’s origins in Ghana and by history. A unique artistic style Marfo uses traditional Akan art to highlight issues such as religion...

Hashstack secures $1M seed funding for its under-collateralized DeFi loans project

A few days after launching its Open Protocol testnet, Hashstack Finance has secured $1 million seed funding in a fundraising round that saw the likes of Moonrock, GHAF Capital, Kane & Rao Group, MarketAcross, Chainridge Capital, and Nimrod Lehavi invest in the project. The funds shall be used to develop the Open Protocol and attract top talent to the growing Hashstack Finance community. Kevin Kurian, a general partner at Kane & Rao Group, said: “Getting the maximum value out of your assets is essential in any market. Hashstack offers a solution that the market has not really seen before. We backed Vinay and his team at Hashstack with our capital to bring forward these new ideas.” Open Protocol The Open Protocol aims at allowing crypto users to access under-collateralized DeFi loans...

Social trading platform NAGAX launch date announced with $35K promotion prizes

The social trading platform, NAGAX has announced the official date for the launch of its trading platform. Pre-registration (whitelisting) is open and shall run until March 7th. NAGAX also announced the launch of its three promotional prizes that add up to $35,000 that will be given in form of rewards and airdrops to the participants of the pre-registration. The pre-registration is intended to give traders a chance of becoming the first to experience the features of the social trading platform. Promotion prizes The first promotion amounts to a total of $10,000 and shall be shared among the three topmost participants that shall help in promoting the NAGAX platform launch. Number one winner shall get $5,000, number two $3,000, and number three $2,000. The funds will be paid out in form of US...