Peter Thiel Invest in Crypto Platform Layer1 3869

Crypto investment and infrastructure platform Layer1 announced today the closing of $2.1 Million in Seed Funding backed by world-class investors, including Peter Thiel, Digital Currency Group, Jeffrey Tarrant, and more. Layer1 takes concentrated bets on promising blockchain protocols and builds critical technology to support their global impact. Layer1’s prominent investors affirm this approach with their participation in the company’s funding.

Led by co-founder Alexander Liegl, Layer1 takes a long-term position in cryptoassets with promising technologies and network effects, then deploys capital and resources in order to improve their fundamental value and support market adoption. The company has a heavy focus on programmable money and store-of-value applications, which it believes has the potential for true value creation.

Led by co-founder Alexander Liegl, Layer1 takes a long-term position in cryptoassets with promising technologies and network effects, then deploys capital and resources in order to improve their fundamental value and support market adoption. The company has a heavy focus on programmable money and store-of-value applications, which it believes has the potential for true value creation.

“We believe that the crypto investment company of the future will look radically different to status quo, with a clear focus on an engineering-first and pro-activist investment approach,” said Liegl. “Cryptocurrencies, as open-source protocols, offer the unprecedented opportunity for companies like Layer1 to meaningfully add value. This is fundamentally different from the possibilities available in traditional asset classes.”

“We believe there is huge potential for a hands-on, mission-driven investor to take a concentrated position in a single cryptocurrency, and then dedicate talent and resources to significantly accelerate its development,” said Travis Scher, VP Investments at Digital Currency Group. “Alex and his team are extremely talented and we are excited to support them.”

Layer1 wants to be the category-defining investment company for cryptocurrencies: an engineering organization that directly engages with open-source protocol development. It is currently deeply involved with a promising privacy-focused cryptocurrency called Grin and intends to build critical technology to support its growth. Launching in early 2019, Grin is highly scalable with strong privacy features.

Layer1’s team has previous experience at the world’s leading technology companies including Google and Facebook, global multi-billion Dollar investment funds including Protégé Partners and Stanford Management Company, and the most established cryptocurrency projects including Bitcoin, Ethereum, Stellar, and Grin.

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ZHU Announces Plans to Build NFT-based Fan Community 10641

ZHU - Photo Credit: Joey Vitalari
ZHU – Photo Credit: Joey Vitalari

Today, ZHU reveals the details of his plan to build an NFT-based fan community. Beginning with the DREAMROCKS NFT Collection exclusive to Red Rocks concert-goers, an open Zhuman Community token will also be made available for fans worldwide. Fans who attended ZHU’s six-night sold out run at Red Rocks that concluded last night are able to register for community tokens as well as limited-edition moment tokens that include exclusive content from the show they attended. To redeem, showgoers should register using the same email they used to purchase their concert tickets.

Fans of ZHU worldwide will also be able to redeem an open Zhuman Community token. The Zhuman Community token will grant holders access to exclusive content and events to be announced in the coming weeks. ZHU adds, “The fans have shown up so hard these last two weeks at Red Rocks, I’m excited to give something special back to them while also making sure all of my Zhumans worldwide can be a part of the community we’re building.” All DREAMROCKS tokens will be minted and issued on Saturday, May 15th at 12 PM ET. All Zhuman Community tokens will begin minting in the coming weeks. Fans should visit ZHU’s page on the Yellowheart Marketplace for more information and to redeem.

The DREAMROCKS NFT Collection from ZHU is being issued by Night After Night and Yellowheart, the partners behind Kings of Leon’s NFT YOURSELF album release. These releases make ZHU the first artist to build a fan community by issuing free community tokens and the first to issue tokens tied to a live experience.

Casey McGrath, CCO of Night After Night adds, “With this offering, ZHU is setting the tone for how artists should enter the space and use NFTs to create a fan-first model that establishes a long term direct-to-fan pathway.”

“For YellowHeart, democratizing the modern live music experience is our mission. As in-person events start to come back, introducing the many ways NFTs can transform and amplify live music for both artists and fans, in a way that’s better for the environment, is all the more exciting,” said Josh Katz, Founder & CEO of YellowHeart. “It was important to ZHU to have both a carbon-neutral process, as well as offer tokens that are gas-free, so all of his fans could participate in this iconic drop. Since YellowHeart uses Ethereum Layer 2, which uses proof-of-stake, it is the most efficient blockchain solution in terms of gas fees and energy consumption.”

Crypto Investing Re-invented Following BlackDragon’s New Platform Launch 10317

BlackDragon

BlackDragon, the early-stage crypto investing fundraising group, has launched its new decentralized blockchain-native Platform this (Sunday, the 9th of May 2021).

This milestone will make investing both more convenient and simpler for those seeking the highest returns for their capital. With over 1,000 community members and an average ROI of 40x in 2020, BlackDragon has enabled everyday investors to see returns previously only reserved for those with privileged access, extensive crypto networks, and the ability to put in countless hours of dedicated research.

Our newly developed platform is a crypto investors’ one-stop-shop where investors can take comfort knowing that the experienced BlackDragon team has vetted projects and conducted the appropriate due diligence.

The cohesive and beautifully designed app compiles the various projects with the key fundraising data associated with each and provides links to research, key socials, and ROI on previous projects. All the user has to do is bridge their tokens, lock them up to calculate their pro-rata percentage amount, and decide which projects they would like to invest in. Then, with the push of a button, their capital is allocated to prime early-stage projects of their choice.

Apart from sleek UX/UI design, which allows users to easily navigate and search through deals, the app’s biggest innovation is that it runs on the xDAI network, making transactions cheaper, faster, and more efficient. The mechanism allows xDAI tokens to be bridged to and from the ETH blockchain.

And this is where the BlackDragon Token comes into play. The BlackDragon Token (BDT) is an integral part of the BlackDragon investing ecosystem, as it grants access to the platform itself and is used for calculating investment allocations. The way it works is this – if you want a higher project allocation, you need to lock more xBDT.

It is important to note that xBDT tokens can be locked by users via integrated smart contracts, meaning each user gets to decide how many tokens they want to lock/unlock for a certain period. Subsequently, the tokens are locked for 6 months, stimulating stable price appreciation.

BlackDragon currently offers access to their investing services based on the following levels:

Level 0

White Dragon

250+ BD Tokens

Access to 60% of deals

Level 1

Green Dragon

1,000+ BD Tokens

Access to 90% of deals

Level 2

Yellow Dragon

5,000+ BD Tokens

Access to 95% of deals

Level 3

Black Dragon

10,000+ BD Tokens

Access to 100% of deals

If you’re considering getting into crypto investing, but have no idea where to start, or if you’re a seasoned trader and want to save time on research and gain exclusive access to preliminary deals while enjoying a premium UX/UI experience, then BlackDragon is your gateway to convenient and successful crypto gains.

Hashflow Announces $3.2M Seed Round To Bring Professional Market Makers to DeFi, Backed By Dragonfly Capital and Electric Capital 11771

Hashflow, a decentralized exchange connecting DeFi traders with top crypto market makers, has closed a seed funding round of $3.2 million from leading venture capital firms and angel investors. The round was led by Dragonfly Capital and Electric Capital, and joined by IDEO Ventures, Alameda Research, Metastable, Galaxy Digital, Unanimous Capital, and angels including Balaji Srinivasan, Kain Warwick, & Ryan Sean Adams.

Decentralized exchanges on Ethereum have seen rapid growth over the past year with over $215 billion traded on DeFi alone in Q1 2021. This growth can be credited to the popularity of Automated Market Makers (AMMs) which catalyzed DeFi’s explosive growth by offering a simple and permissionless on-chain trading experience. Hashflow builds upon this foundation laid by AMMs, by connecting DeFi traders with top crypto market makers. Using Hashflow, traders can receive price quotes directly from market markers and broadcast trades on-chain using Web3 wallets in a fully trustless manner. By replacing AMM bonding curves with professional market makers, Hashflow offers traders better prices, zero slippage, & the lowest gas costs of any decentralized exchange on Ethereum.

For market makers, Hashflow provides access to the expanding DeFi market while allowing full control over their inventory and pricing strategies. Until now, market makers have had to deploy capital in public liquidity pools, use pre-defined pricing functions, and pay heavy gas fees to change strategies on-chain. With Hashflow, market makers can use bespoke pricing strategies and bridge them on-chain using digital signatures. This gives market makers full control over their capital, and flexibility to adapt to market conditions, using strategies informed by years of experience in centralized markets.

Jon Kol, Director at Galaxy Digital, a leading cryptocurrency investment firm and market maker, commented: “Hashflow is the first project we’ve backed that seamlessly allows market makers to quote prices effectively to DeFi traders.”

Hashflow launched its closed private alpha product this week, with market makers offering price quotes to traders on Ethereum mainnet. In the coming weeks, Hashflow plans to integrate more market makers, and add additional asset pairs that dominate on-chain trading volumes. General audiences will be able to access Hashflow and trade on-chain with market makers by the end of Q2.

Sharing Economy International Invests to develop NFT Technology into ECrent to Open Up Digital Items Sharing 13779

Traditionally, when we talk about sharing economy, people would think about cars, bicycles, mobile rechargers, apartments, or may be even umbrella, toys, etc. All about sharing economy has been some solid tangible things which be shared out to the needed consumer through a rental arrangement. The sharing item will go and come back through physical transactions. But in the digital world, digital products such as digital arts, music, video games are more difficult to control and record the ownership and usage through a P2P sharing model.

As the pioneer in the sharing economy market, based on the Sharing Block engine which is the transaction engine based on blockchain technology that Sharing Economy International Inc. (OTCQB:SEII) has developed to handle the transactions of sharing items between people in ECrent today, SEII engineers and technology partners while revamping and improving the ECrent platform and applications, also decides to add NFT technology on top of the Sharing Block engine. NFT technology will allow users to share their digital products and assets to other people, either free of charge, or at a defined fee by the digital product owner.

“NFT gives a breakthrough to the sharing market which allows us not only to share our tangible items, but also any of the intangible digital items,” said Parkson Yip, SEII’s advisor on corporate development. “SEII is always looking for solutions which can improve the ways how people can share. Apart from drills, cars, bicycles, there is always a market need for the sharing of digital products, and ECrent being the platform in helping people to connect through sharing their resources, we must move fast into the digital product sharing market.”

“Blockchain technology fits very well with the development of sharing economy solutions. Its secured decentralised ledger concept can help us to develop a secure and trustful P2P sharing solution based on ECrent. With the development of NFT technology, we will be able to extend to facilitate the sharing of digital items between people as well. We can see that NFT will apply to a lot of digital items, as well other items, such as art works, which facilitate the tracing of ownership and transaction history of the items with a very trustful mechanism. While NFT is attaching directly with the products, the information would allow cross-platform support, so items can be shared through different platforms as well, as soon as we all follow the same protocol,” says Yip.

BIT Mining Limited Announces Trading of ADSs under New English Name and New Ticker Symbol 13923

BIT Mining Limited (NYSE: BTCM) (“BIT Mining Limited” or the “Company”), a leading cryptocurrency mining enterprise, formerly known as 500.com Limited (NYSE: WBAI), today announced that its American Depositary Shares (“ADSs”), each representing the right to receive ten (10) Class A ordinary shares with par value of US$0.00005 per share of the Company, began trading under the Company’s new English name, “BIT Mining Limited”, and its new ticker symbol, “BTCM”, effective at the opening of trading on the NYSE on Tuesday, April 20, 2021 (U.S. Eastern Daylight Time).

Historical trading data of the Company’s ADSs prior to April 20, 2021 may not yet be available on certain third-party websites and apps when searching for “BIT Mining Limited” and/or “BTCM”, in which case such data may temporarily be found under “500.com Limited” and/or “WBAI”.

About BIT Mining Limited

BIT Mining Limited (NYSE: BTCM) is a leading cryptocurrency mining enterprise, with a long-term strategy to create value across the cryptocurrency industry. Since announcing its entry into the industry in December 2020, the Company has: (i) purchased and deployed bitcoin mining machines with a theoretical hash rate capacity of approximately 1,031.5 PH/s; (ii) acquired three hydroelectric cryptocurrency mines with combined electric power capacity of 435MW, by purchasing a controlling stake in Loto Interactive Limited (HKEX:08198); and (iii) acquired the entire mining pool business of Bitdeer Technologies Holding Company operated under BTC.com, including the domain name and the cryptocurrency wallet of BTC.com. The Company has also entered into a definitive agreement with Bee Computing (HK) Limited, a 7-nanometer cryptocurrency mining machine manufacturer, in order to help sustain the Company’s continued growth.

Safe Harbor Statements

This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will”, “expects”, “anticipates”, “future”, “intends”, “plans”, “believes”, “estimates”, “target”, “going forward”, “outlook” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

Integrated Ventures Partners With Wattum To Purchase 4,800 Antminer S19JPro Miners From Bitmain Technologies Limited 14742

Integrated Ventures Inc, (OTCQB: INTV) (“Company”) is pleased to confirm that the Company has partnered with Wattum Management and entered into a 12 Month Sales and Purchase Agreement (“PO-1”) with Bitmain Technologies Limited (“Bitmain”) to acquire 4,800 Antminer model S19J (100 Th) digital currency miners. Bitmain is scheduled to manufacture and ship miners on monthly basis, in 12 equal batches of 400 units, starting on August 2021 and thru July 2022. Partners agreed to purchase 4,800 units, on 50/50 basis, and to pay Bitmain, approximately $34,047,600 (“Total Purchase Price” or “TPP”) (*).

As a part of signed agreement, Integrated Ventures has received: (1) downside price protection for 12 months and (2) right to replace S19JPro miners with new models, scheduled to be released in early 2022.

The TPP is payable as follows: (i) 25% of the TPP, upon the execution of the Sales Purchase Agreement or no later then April 19, 2021; (ii) 35% of the TPP, is due by May 30, 2021; and (iii) the remaining 40%, is due on monthly basis, starting on June 2021. In addition to Bitmain order, the Company has purchased 150 WhatMiners, (“PO-2”), valued at $1,078,000. These miners will be installed in container facility, connected to a major power plant, located in Kennerdell, PA and managed by Wattum.

Details on both purchase orders are below:

PO-1/Bitmain Order:

  • Antminer S19JPro – 100TH
  • Shipping Schedule: August, 2021 – June, 2022
  • Total Qty: 4,800
  • Total Purchase Price: $34,047,600

PO-2/WhatsMiner Order:

  • WhatsMiner M31S – 82TH
  • Shipping Schedule: May 15, 2021
  • Total Qty: 150 units
  • Total Purchase Price: $1,078,000

Steve Rubakh, CEO of Integrated Ventures, Inc., provides the following commentary: “The Company is very pleased to secure this large scale purchase agreement, especially during a period of scarce supply of mining hardware. Going forward, INTV is committed to deploy any raised capital for purchases of the mining equipment. This purchase effectively doubles INTV’s hash rate and represents a major step in INTV’s strategic growth plan, resulting in significant increase of the Company’s projected revenue growth rate.

Below is detailed shipping schedule for all in-coming mining equipment for the rest of 2021:

  • 300 Avalons/model 1166Pro/assorted 75TH-82TH – April delivery
  • 150 WhatsMiners/model M31S/82TH – May delivery
  • 200 Antminers/model S19JPro/100TH – August delivery
  • 250 Avalons/model 1166Pro/75TH-82TH – August delivery
  • 200 Antminers/model S19JPro/100TH – September delivery
  • 200 Antminers/model S19JPro/100TH – October delivery
  • 200 Antminers/model S19JPro/100TH – November delivery
  • 200 Antminers/model S19JPro/100TH – December delivery.

By the end of December 2021, at minimum, the Company will own and operate over 2,000 miners. Based on BTC pricing of $60,000, the projected and unaudited mining revenues for next 12 months, once all units are connected are expected to be in range of $19,000,000 and $21,000,000 million dollars.”

Arseniy Grusha, CEO of Wattum Management, Inc., adds the following: “We are pleased to partner with INTV and to be an integral part of 12 month Sales & Purchase Agreement with Bitmain Technologies Limited, to jointly acquire 4,800 units of S19JPro – one of the most efficient miners available on the market. Both companies are focused on expanding their mining and hosting operations, by launching multiple data centers and mobile mining farms. We are looking forward to a mutually beneficial and long term cooperation with goal of establishing Integrated Ventures and Wattum as leaders in rapidly growing North American cryptocurrency market.”

About Integrated Ventures Inc: The Company operates as Technology Holdings Company with focus on cryptocurrency sector. For more information, please visit company’s website at www.integratedventuresinc.com.

About Wattum Management, Inc: NY based and privately owned, leading technology corporation, focused on providing cost efficient and reliable hosting services, firmware design, distribution of mining equipment, complete facility management and mining pool operations.

About Bitman Technologies Limited: Founded in 2013, Bitmain transforms computing by building industry-defining technology in cryptocurrency, blockchain, and artificial intelligence (AI). Bitmain leads the industry in the production of integrated circuits for cryptocurrency mining, as well as mining hardware under the Antminer brand. The company also operates the largest cryptocurrency mining pools worldwide- Antpool.com and BTC.com. Bitmain technology supports a wide range of blockchain platforms and startups.