Blockchain and Monetization of Content 1579

The Promise of Ethereum

Ethereum, the leading blockchain platform, and catalyst for a growing number of decentralized applications and blockchain-based platforms has proven over the past 12 months that it is far from a fad. This immutable, unhackable, distributed database of digital assets is everything the Internet always wanted to be: a fair and public way to store and transfer information. This is a platform for truth and it’s a platform for trust.

In the music industry, the protection of rights and distribution of earnings within the music industry is a key consideration. Removing the ability for piracy and allowing listeners to download music stored on the blockchain, paying for the music with cryptocurrency would be one of the paradigm shifts. It would also mean that the right people get paid.

This challenge of monetizing content is also prevalent in the broadcast content industry. Ethereum Blockchain with smart contracts makes for a perfect solution.

Pain Points for Content Creators

The industry has not changed in over 80 years. Today, it continues to be a largely offline and extensive process, involving multiple dis-jointed parties – the creators, the owners, the distributors, the increasing array of formats (eg. mobile, free-to-air TV, cable, OTT, cinemas, etc) and then there is a global consumer base with differing interests and language preferences.

The whole ecosystem today is highly fragmented and content creators are challenged to optimally monetize their content. Compounding the monetization challenge is the fact that content creators also face extremely high costs of distribution. Because the value chain is a cumbersome process for content to reach end viewers; typically 30% to 40% of the value of the content is being lost to cost of distribution via third-party commissions and fees. Hosting a conference booth and meeting events with champagne in the South of France at the Cannes Film Festival is no cheap affair.

To give some context on the potential value of a piece of content, let’s take well-known franchises like “Game of Thrones” or the “F1 Series”.   These projects can be sold in 193+ countries via free-to-air, cable, satellite and streaming mobile platforms, that is, it can potentially be sold 600 different ways once you factor language and territorial configurations.

An “A” list project can potentially earn millions of dollars via such a syndication, however, a lesser known title is lucky to be sold in 10 countries and monetized in 10 ways. Hence the potential to optimize the value of this content is at least 50 times more for the content creator if they can easily monetize their content across the various permutations.

The chief pain points of content sellers are:

  • Rights are tied up for the long-term (average 2-5 years) in distributor exclusivity contracts
  • Distributor fees are significant; averaging 35% of the value of the content
  • Rights are typically sold in bulk with other content which limits differentiation for content creators
  • The multiplicity of currencies and the vagaries of the fluctuating exchange rates
  • Content ages very fast and becomes less attractive to distributors to market

Such problems, which appear daunting are actually very easy to address, provided you have a global platform and a globally trusted ledger. Enter Ethereum Blockchain.   

Pain Points for Content Buyers

Content buyers purchase rights to play the content on their own networks and channels, such as Netflix and cable TV channels like Sony. The buyers also face a host of problems:

  • The content discovery process is fragmented and manual
  • Delayed verifiability of the rights
  • Limited by distributor’s rights options
  • Bundled rights instead of customized selection

As we can see, these problems can also be solved by implementing a global platform and a globally trusted ledger. Thus, Blockchain is not an add-on, but a natural solution to the problems faced by the content rights industry.

Existing Solutions

There are companies operating traditional marketplaces for trading content rights today; like RightsTrade (2011), TRX (2015) and AllRites (2015). With the advent of the blockchain, we are starting to observe the emergence of companies like Hubii Network, LiveTree, and AllRites exploring the use of blockchain to democratize content.

In the case of AllRites, the company was established by media professionals with decades of experience in the industry. Being intimate with the distribution challenges, they are proponents of blockchain and are moving their existing marketplace onto the Ethereum Blockchain.

But they are not stopping there, the AllRites vision is to create an integrated B2B and B2C ecosystem to holistically support the overall industry. Built on Blockchain technology, the AllRites ecosystem will drive trade efficiencies between content producers and buyers globally, facilitate funding of creative ideas and offer direct streaming to end-customers. Two associated B2C platforms will complement their existing marketplace – RiteFund and RiteStream. For consumers, these platforms allow individuals to directly support and benefit from creative concepts that they believe in.

With RiteFund, the platform facilitates content creators to list their projects and allows prospective contributors to help get a project of their choice off the ground, like Kickstarter, but with infinitely more transparency in rights management and benefits sharing thanks to smart contracts.

RiteStream is for content owners with unsold rights to optimally monetize their content via direct streaming to a global viewership base. The smart contracts seamlessly manage viewers, rights availability and revenue sharing in the backend. For example, an OTT player, like iFlix, may purchase rights to showcase a piece of content in only 30 countries, with RiteStream that same piece of content can potentially be monetized in the remaining 163 countries by direct streaming, if viewers are interested in that content. View RiteStream like the “Spotify” of TV, Movies and Sports content.

For esoteric sports like, Extreme Sailing – they have ardent fans globally but such a sport is very niche and unlikely to garner support from mainstream broadcasters. With RiteFund, fans of Extreme Sailing can directly support creative talent who are also passionate about their sport and who are creating great content about it. These same creative talents can now monetize their content by streaming it directly to the Extreme Sailing fans globally via RiteStream.

Blockchain Technology Deployed

The team at AllRites believe that if the content itself can be reliably audited, the management of its rights becomes a much simpler exercise. Thanks to the Ethereum Blockchain, each ID can be a smart contract that manages the identity and purchase history of the rights belonging to one piece of content at an individual level. Thus, the rights can be sliced and diced in multiple ways and the buyers can buy only those rights which they need. The smart contract tied to each content piece records the transaction history of that content piece individually in a transparent and immutable manner.

While the content rights can be viewed by all prospective buyers, the sellers can be assured of optimal monetization due to the plethora of ways in which the rights have been divided into.

The ID tied to the content can be managed by creating a non-fungible token. It could be similar to the EIP721 protocol that was famously used by CryptoKitties. Thus, the sale and purchase of content rights can be recorded on individual non fungible tokens without affecting the entire ecosystem.

A global fungible token that adheres to the ERC20 standards can take care of the sale and purchase aspects of the deal. To ensure trust, AllRites will be storing the content as decentralized encrypted files which can be unlocked only by a private key.

On successful completion of a sale, the seller sends the private key to the buyer while the buyer transfers the payment tokens to the seller. As an added layer of security, the key and the tokens corresponding to the bid made on the content rights can be placed in an escrow. Once the sale is finalized, a smart contract takes over and governs the transfer of the private key and the tokens to the new owners in an automated manner.

Regarding the case of content creators with unsold content, the RiteStream platform caters to them. Here, the platform becomes the universal global distributor of the rights that went unsold and streams it directly to the viewers in exchange for tokens. In this case, content creators get a platform like YouTube, but with an infinitely better monetization potential.

It has also been seen that content creators, despite having amazing ideas, often struggle to get their plans off the ground due to lack of funding. Consumers are robbed of potential gems. In the music world, its analogues with the likes of Justin Bieber and Carly Rae Jepsen being discovered via YouTube.

With Ethereum, smart contracts can be implemented which facilitate the transfer of funds from fans and supporters directly to the content creators in an easy and trackable manner. Once the content is created, it is uploaded onto the AllRites Marketplace where content rights can be transacted. After subtracting for platform fees, all proceeds can be seamlessly transferred back to the fans/supporters corresponding to the ratio in which they were contributed.

Conclusion

Using blockchain and smart contracts makes the business of content rights deal making and distribution a lot less complicated and instantaneously verifiable. Blockchain takes care of the globally trusted ledger needs, the smart contracts take care of transactions by automating them.

This translates to tremendous efficiency gains for both content buyers and sellers. And, for owners of content, the age-old challenge of optimally monetizing their content is solved.

The added bonus is that in this new decentralized and immutable ecosystem driven by blockchain, consumers can finally have a direct say in what content they want to support and watch.

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Galxe Launches Galxe Passport V2, Boosting Privacy and Security for over 900K Passport Holders 2055

Galxe, the leading web3 infrastructure and digital identity network, today unveiled Galxe Passport V2, the next evolution in web3 identity management, now enhancing the security and privacy of nearly one million passport holders.

With the launch of Galxe Passport V2, users benefit from new features designed to redefine identity verification and management across the web3 ecosystem. As the premier identity solution provider in web3, Galxe continues to lead the industry by prioritizing robust security measures with seamless integration with the Galxe Identity Protocol, marking a full integration between Galxe Passport and the Identity Protocol to bring privacy protection features to all users.

“The release of Galxe Passport V2 marks a crucial step in our mission to onboard the world to web3, reinforcing the vital role of trust and security in digital interactions,” stated Harry Zhang, Co-Founder of Galxe. “By introducing key new features and integrating the passport with our Identity Protocol, leveraging Zero-Knowledge Proof technology, we are not just upgrading our technology–we are advancing a secure, privacy-focused framework that supports our vision of a user-centric web3 ecosystem. We are committed to providing a seamless experience that upholds the integrity of digital identities, making web3 accessible and safe for our community and our partners. With each innovation, we move closer to realizing a world where digital identity management is as natural as it is secure, ensuring that every user can navigate the web3 space with confidence.”

New Features and Upgrades to the Galxe Passport

  • Private Data Vault: A new, secure system for storing encrypted identity data and credentials, the Galxe Vault simplifies access to identity information while upholding the highest standards of privacy and security. This system allows users to manage their digital identities easily across various platforms, leveraging Zero-Knowledge Proof (ZKP) technology to ensure complete privacy.
  • Facial Re-Verification: A major step forward in securing user identities, this feature introduces periodic facial verifications within the KYC processes, ensuring the continuity and authenticity of user identities. It targets the eradication of false KYC verifications by verifying biometrics against initial records, significantly reducing identity fraud and enhancing compliance.
  • Timestamped Verification: Strengthening the integrity of the verification process, this feature provides detailed timestamps for each successful verification, including the date and time of the first and last successful verifications, along with the total number of successful verifications. This adds a layer of transparency and security, making it a robust tool for authenticity assessments.

Seamless Transition and Enhanced Integration

The transition to Galxe Passport V2 will be seamless for all existing users, with the automatic upgrades to the new version. New users will directly experience the advanced capabilities of V2 from the outset, ensuring all users benefit from enhanced security and privacy features. To explore the upgraded features and capabilities of Galxe Passport V2 or to mint your own Passport today, visit https://app.galxe.com/passport.

About Galxe

Galxe is the leading web3 infrastructure and digital identity network, empowering seamless web3 experiences through modular AI, digital identity, and blockchain technologies. Central to the ecosystem, the Galxe Identity Protocol provides a foundational layer for secure and self-sovereign digital identity management. Alongside the protocol, Galxe’s product suite–Galxe Quest, Galxe Passport, Galxe Score, and Galxe Compass–supports the development of the next generation of web3 applications. With a vibrant community of over 20 million active users and partnerships with more than 5,000 brands, Galxe has proven itself as a pioneer and leader in digital identity solutions, fostering community growth, and enhancing user engagement. Dedicated to making web3 accessible to all, Galxe serves end-users and developers worldwide.

Galileo Protocol launches LEOX airdrop with 250,000 token reward pool 2560

In a significant move towards integrating blockchain technology with real-world assets, Galileo Protocol is thrilled to announce its LEOX token airdrop, designed to engage and expand its community. The airdrop features a generous pool of 250,000 LEOX tokens and offers participants a firsthand experience in a leading-edge RWA tokenisation ecosystem.

Exploring the Reward Pool

  • Fairdrop Pool: 150,000 LEOX dedicated to holders of Nebula and NFT communities who embody the web3 experience (CommuNFTy Pool).
  • Farmooor Pool: 100,000 LEOX allocated to active Galileo Marketplace participants.

Fairdrop Pool access

  1. Eligibility: Hold an unlisted Nebula or partner NFT (to be announced in early May) during the snapshot period (April 3rd – June 1st).
  2. Snapshot verification: Ensure NFTs are in your wallet during the June 1st snapshot.
  3. Receive LEOX Tokens: Tokens will be automatically distributed on June 15th to eligible wallets.

Farmooor Pool Access

  1. Marketplace registration: Sign up at the Galileo Marketplace and complete KYC verification.
  2. Social engagement: Share your sign up on your socials. Galileo will be adding a link input feature for participation.
  3. Active participation: Make purchases on the marketplace from April 3rd to September 30th.
  4. Final verification: Maintain active participation through the September 30th snapshot.
  5. Token distribution: Eligible participants will receive their tokens on October 31st.

Participation Benefits

This airdrop is more than a reward; it’s an invitation to explore the transformative potential of RWAs on the blockchain. Participants will gain early access to a platform that blends the physical and digital worlds, creating secure, transparent, and liquid markets for assets previously constrained by traditional boundaries.

Why Galileo Protocol?

Galileo Protocol stands at the forefront of the RWA blockchain movement, focusing on the tokenisation of tangible assets to enhance their usability, liquidity, and security in the digital age. Galileo Protocol not only supports the tokenisation of assets but also ensures their real-world applicability and integration.

Safety notice

Please interact only through official Galileo channels and verify all links before engaging. Remember, the Galileo team will never reach out via direct messaging first.

About Galileo Protocol

Dedicated to revolutionising asset management, Galileo Protocol uses blockchain technology to authenticate, tokenise, and mobilise real-world assets. This approach aims to unlock the value of physical assets and make them accessible in the crypto space, enhancing transparency and trust.

Join this forward looking journey with the Galileo Protocol’s LEOX airdrop. Step into the future of asset management and discover the full capabilities of Galileo Protocol’s RWA tokenisation platform.

Follow Galileo Protocol’s official channels

Telegram Group: @galileoprotocolcommunity
Discord Group: https://discord.gg/vQQPXXcKsv
Own a Nebula here: https://nebula.galileoprotocol.io/
Visit the Galileo Marketplace: https://app.galileoprotocol.io/

MetaComp Announces Strategic Partnership with Harvest Global Investments to Explore Bringing HK-Listed ETFs to Investors in Singapore and Beyond 2827

MetaComp Pte Ltd, a leading Monetary Authority of Singapore (MAS) licensed Singapore fintech company that specializes in blockchain technology and digital assets, and its affiliates (collectively referred as MetaComp), is proud to announce a strategic partnership with Harvest Global Investments Limited (HGI), a leading asset management company licensed with the Securities and Futures Commission of Hong Kong. HGI is among the pioneering Chinese asset management firms to establish subsidiaries abroad. The Memorandum of Understanding executed between MetaComp and HGI marks a significant step towards potentially broadening the accessibility of innovative financial products globally with special emphasis on the recently announced cryptocurrency spot ETFs which will be expected to start trading on the Hong Kong Stock Exchange from 30 April 2024 onwards. This follows the announcement by HGI that they have received authorization from Hong Kong’s Securities and Futures Commission to launch the highly anticipated cryptocurrency ETFs.

The core of the partnership revolves around MetaComp and its affiliates’ commitment to make HGI’s cryptocurrency spot ETFs available, through MetaComp’s proprietary Client Assets Management Platform, also known as CAMP by MetaComp, utilizing its technological and market expertise to introduce these products under the appropriate regulatory framework to Singapore investors and beyond. This initiative not only aims to expand the global footprint of HGI’s ETFs but also allows MetaComp and its affiliate to enrich its wealth solution portfolio with highly sought-after financial products.

In addition to the crypto-ETF distribution, the collaboration will also explore opportunities for the integration of HGI’s various asset management solutions into MetaComp’s service offerings. MetaComp will also provide HGI access to its Digital Payment Token suite of services. Through the strategic collaborative efforts by both companies, they are hoping to forge a symbiotic relationship that will allow both companies to leverage on their strengths.

The alignment with HGI allows MetaComp to tap into the scale and expertise of a leading global financial player, significantly enhancing its service capabilities and market reach. This partnership is designed to serve not just the existing clientele of both entities but also to capture new segments eager for advanced financial solutions across traditional finance and crypto finance.

Dr Bo Bai, Chairman and Co-Founder of MetaComp shared: “This strategic alliance with Harvest Global Investments Limited reaffirms MetaComp’s commitment to being the bridge that links traditional finance with crypto finance. We are confident that our partnership with Harvest Global Investments Limited will prove to be mutually beneficial. With Harvest’s expertise in asset management and MetaComp’s robust capabilities in providing a comprehensive suite of digital payment solutions, we are poised to deliver unparalleled value to our clients and the market.”

For more detailed information on this partnership and to stay updated on future developments, please visit www.mce.sg.

About MetaComp Pte Ltd (www.mce.sg)

MetaComp is a leading Singapore-based digital asset platform that is licensed and regulated by the Monetary Authority of Singapore (MAS) under the Payment Services Act 2019. Operating under a P2B2C (platform-to-business, partners-to-clients) model, MetaComp provides an integrated end-to-end suite of services to its clients, empowering them to confidently enter the digital asset market with the much-needed safety, security, and compliance. Together with its parent company, Metaverse Green Exchange Pte. Ltd. (a MAS-licensed CMS holder permitted to carry out, inter alia, brokerage and custody services), MetaComp introduces its suite of services through CAMP by MetaComp, a regulated Client Assets Management Platform, allowing businesses to develop and scale their digital asset offerings through OTC and exchange trading services, fiat payment, digital asset custody and prime brokerage.

Hinkal Closes Strategic Funding Round to Advance Discreet Trading and Position Liquidation 3625

Hinkal, a multi-chain privacy layer for confidential decentralized finance (DeFi) transactions, today announced a $1.4 million strategic funding round led by SALT Fund, with participation from Draper Associates, SNZ and Peer VC. Additionally, Tal Cohen, CEO of Kraken US, joined the company advisory board.

The raise follows the close of Hinkal’s $4.1M seed funding round in November of 2023. With surging demand from institutional clientele, this strategic funding will be used to bring liquid funds, VCs, family offices and founders of projects to Hinkal’s confidential infrastructure.

As institutional investors expand their presence in crypto markets they are increasingly looking to decentralized exchanges to take advantage of price discovery and asset control these platforms provide. However, DeFi does not provide privacy these traders are accustomed to in traditional financial markets. As crypto analytics platforms have become more complex, the pseudonymous nature of DeFi presents risks of copy trading and front running for liquid funds, VCs, and protocol founders willing to liquidate their token positions.

“The influx of institutional capital into crypto markets is a landmark event for the maturity of the industry,” said Georgi Koreli, CEO of Hinkal. “Hinkal is solving a critical need in the crypto space by providing institutional investors with the additional layer of anonymity they require to participate in DeFi markets. This strategic funding round will allow us to accelerate the development and adoption of our groundbreaking privacy solution.”

Hinkal is a zero knowledge (ZK)-protocol that addresses these issues by enabling end-to-end and secure confidentiality for DeFi transactions. Leveraging a combination of self-custodial private addresses and relayers, Hinkal transforms the way on-chain trading operates as the only transaction that can be seen on block explorers or analytics platforms is the execution of a relayer – no wallet addresses attached. This allows liquid funds, VCs and retail investors to make confidential transactions within the protocol without experiencing price slippage or market impacts.

Additionally, Hinkal provides a best-in-class solution for venture capital and founding teams looking to liquidate vested tokens in a private and secure environment. As the industry has grown and matured, these stakeholders have traditionally struggled with token vesting and liquidations, as this process often results in adverse price impacts that dilute net settlement and sends mixed messages to the community. With Hinkal, VCs and teams can receive any vested token directly into a private Hinkal address and liquidate privately without these impacts to the market.

AJ Scaramucci, Founder and Managing Partner of the SALT Fund, commented on the news, “The SALT Fund is dedicated to supporting projects that drive innovation for institutional investors. Hinkal is a breakthrough protocol addressing crucial pain points for institutional funds, founders, and VCs alike by enabling them to execute private DeFi trading strategies and liquidate vested tokens in a way that doesn’t disrupt the broader market. This is a game-changer for the industry and will unlock significant value for these stakeholders.”

Underpinning Hikal is a full suite of compliance and security solutions to further support institutional users of DeFi protocols. Hinkal requires KYC(B) (Know Your Customer/Business) verification for users to prevent illicit parties from using the protocol while simultaneously providing a frictionless experience via reusable attestations at exchanges like Coinbase and Binance. Audited by major firms including Quanstamp and Zokyo, Hinkal provides a secure trading experience and real-time threat mitigation with Hexagate.

About Hinkal

Founded by Stanford grad Giorgi Koreli and his Ph.D. brother, Nika Koreli, Hinkal enables privacy of transactions and assets across core DeFi apps and functions, including trading, farming, staking, and lending through the use of stealth addresses and with high degree of compliance.

Hinkal is a ZK-based solution that provides a private smart contract wallet experience, allowing users to participate in their favorite dApps directly from their private addresses without the need to withdraw assets for obfuscation.

SKALE and Virtualness global partnership reimagines fan engagement for sports, creators, and enterprises using the power of blockchain 3971

Fans of Liga 1 & other organizations will have access to a superior experience on Virtualness with SKALE’s zero gas fees and instant finality.

SKALE Network, a gas-less EVM-compatible blockchain designed for secure Ethereum scaling, and Virtualness, a pioneering mobile-first platform powered by generative AI and blockchain, today announced a strategic partnership aimed at redefining digital engagement and empowering global sports fans, enterprises and creators alike.

With international athletic partnerships that include Liga 1, Asia’s largest and most prestigious football league, sports fans will have access to exclusive NFT moments, player cards, rewards, loyalty programs, real-world experiences, and exciting gamification on the Virtualness platform, all powered by the SKALE network. Fans who interact with clubs, players, and fellow supporters will foster a deeper connection with their favorite teams while experiencing the world’s fastest blockchain.

“Through our partnership with SKALE, we’re revolutionizing the NFT landscape by eliminating barriers to entry and making Web3 accessible to Web2 users paving the way for mass adoption,” said Kirthiga Reddy and Saurabh Doshi, Co-founders of Virtualness. “We are thrilled to partner with SKALE to provide our community with unparalleled access to NFTs, immersive digital experiences, and exclusive rewards.”

As part of the partnership, Virtualness’ hundreds of thousands of users will leverage SKALE’s high-throughput, zero gas fee transactions, and instant finality capabilities to enhance its platform’s performance and scalability. Additionally with SKALE, sports fans, enterprises, organizations and all Virtualness users alike can now mint for free, further democratizing the access to digital asset ownership.

“We look forward to supporting this new era of accessibility and empowerment for creators and organizations,” said Jack O’Holleran, Co-Founder of SKALE. “This partnership signifies our commitment to making blockchain more accessible and easy to use, enabling Virtualness users to more seamlessly interact with NFTs, ultimately revolutionizing how we engage with digital assets.”

The Virtualness platform, built on generative AI and blockchain technology, provides sports, enterprises, and creators, with a user-friendly interface for creating, minting, and showcasing digital goods and interacting directly with their communities. With SKALE, Virtualness will soon offer more on-chain assets such as player cards in the form of NFTs, prizes via SKALE tokens, and the transparent storage and sharing of game data such as leadership board scores and prize information.

With SKALE’s advanced blockchain architecture, Virtualness users can expect improved performance, faster transactions, and enhanced security, enabling them to unleash their creativity and reach new heights in the digital world.

The partnership between SKALE Network and Virtualness represents an evolution in digital engagement, offering creators and brands innovative blockchain opportunities to thrive in the digital economy while democratizing access to blockchain and welcoming newcomers into Web3.

The experience for web2 users is user-friendly and easy, with no crypto or blockchain knowledge required or needed. Together, SKALE and Virtualness are poised to revolutionize the way people create, share, and interact with digital content, unleashing new channels for creativity.

For more information, please check out SKALE.space.

About SKALE

SKALE, a gas-less EVM-compatible blockchain designed for secure Ethereum scaling is designed for a World-Class experience for games, NFT platforms, and Web3 applications. As of 2024, SKALE serves over 10 million monthly active users and saves billions in monthly gas fees with its innovative AppChain model. SKALE AppChains feature high performance, zero gas fees, enhanced security, and instant finality, making them ideal for a wide range of decentralized applications. With a commitment to driving the mass adoption of Web3 technologies, SKALE empowers developers and businesses to build scalable, efficient, and user-centric blockchain applications. On the SKALE network, developers can deploy their own EVM-compatible blockchain by unlocking advanced features such as AI/ML smart contracts, on-chain file storage, interchain messaging, and zero-cost minting. Harmonizing speed, security, and decentralization, SKALE was founded in 2018 by Jack O’Holleran and Stan Kladko, PhD.

For more information, users can visit SKALE.space or follow on Twitter.com/SKALENetwork.

About Virtualness

Virtualness is a mobile-first platform, powered by generative AI and blockchain, for users to create, mint, gift, share, and sell digital goods all in one place. Founded in 2022 by industry leaders Kirthiga Reddy and Saurabh Doshi, Virtualness serves as a platform for authenticated sports, brands, and media organizations to design and showcase branded blockchain goods, fostering direct community engagement and unlocking new monetization avenues. Virtualness has exclusive wins like being the authentication partner for Guinness World Record Women in Cloud milestone, and the Asian Academy Creative Award while also delighting fans with exclusive access to icons such as Jim Louderback, Taylor Lorenz. Education, personalization, discovery, integration with Web2 and Web3 platforms, and a mobile-first experience are all core to the platform. Funding led by Blockchange Ventures with participation from VCs f7 Ventures, Micron Ventures, Better Ventures, FalconX, Shorooq Partners, Impact Venture Capital, Oceans Ventures and angels like Carolyn Everson, Randi Zuckerberg, Nuseir Yassin (Nas Daily), Marina Mogilko, Nikki Farb, Shayamal Vallabhjee, Stacy Brown-Philpot, and other thought-leaders.

For more information,users can visit about.virtualness.io

BLAZE Investment Round Complete With Aim To Become Web3 Market Leader 4412

StoryFire stands at the forefront of innovation, spearheading a revolutionary amalgamation of SocialFi, GameFi, and DeFi, culminating in an unprecedented all-encompassing experience. Recently, the company successfully concluded the BLAZE token investment round, securing backing from prominent entities including GDA Capital, Genesis Capital, Octavia Ventures, and TGE Ventures.

Expressing his enthusiasm, Sam Hilder, CEO of StoryFire, emphasized in a recent press release, “Closing a successful funding round amidst the prevailing macroeconomic conditions, with such esteemed partners, is indeed exhilarating. We are deeply grateful for the trust our investors have placed in us.” Hilder further elucidated on the company’s strategic vision, affirming their commitment to crafting the ultimate Web3 platform through the StoryFire offering, eagerly anticipating the unveiling of their latest developments.

Leading the investment consortium, Genesis Capital, a private equity powerhouse, orchestrated the funding round. The company delineated its intentions to leverage the capital infusion to propel both developmental initiatives and marketing endeavors leading up to the imminent BLAZE token launch.

In a strategic move underscoring StoryFire’s steadfast commitment to the Web3 landscape, the company announced its purchase of assets from Tokens.com in February 2024, with it being that it has successfully closed the sale of Metaverse Group and Hulk Labs to StoryFire. The purchase entailed a disposition comprising a 15.3% equity stake in StoryFire, appraised at US$3.5 million, alongside an allocation of US$500,000 in BLAZE tokens. This strategic maneuver underscores StoryFire’s enduring presence within the Web3 domain, as it endeavors to fortify and expand its footprint across the entire Web3 ecosystem.

About StoryFire

The StoryFire platform, powered by the BLAZE token, will revolutionising the metaverse paradigm by combining SocialFi, GameFi, and DeFi into one unified experience.