Binance, the world’s largest cryptocurrency exchange by trading volume, is still profitable despite last year’s market meltdown, its chief financial officer said.
Last year saw the prices of major virtual currencies plunge dramatically. Bitcoin, the most valuable crypto, is down 80 percent from a near-$20,000 record high it set in December 2017.
“To date, even in this bear market, we still run a profitable business,” Binance CFO Wei Zhou told CNBC in a phone interview Wednesday.
The company doesn’t disclose its financials publicly, he said, and media outlets have been publishing estimates based on publicly available metrics.
One report, by industry publication The Block, estimates Binance made $446 million last year, based on an analysis of how much it spent to buy back units of its token, called BNB, using its net profits.
The start-up’s Chief Executive Changpeng Zhao told Bloomberg in July that Binance was targeting a net profit of between $500 million and $1 billion in 2018.
The company has only been around since July 2017, but has become a dominant force in the nascent sector. It raised $15 million in its initial coin offering — a funding alternative to venture capital where start-ups sell new crypto tokens instead of equity.
Fast forward to 2019, and Binance’s trading volume — though significantly lower than it was during late 2017’s mega-rally — is the envy of other major venues. It is the largest virtual currency exchange by volume, according to CoinMarketCap, hosting $715 million in trades in the last 24 hours.
The firm hired Wei Zhou to take charge of its finances in September 2018. The executive has previously served in CFO roles at Chinese jobs site Zhaopin and TV ad company Charm Communications, navigating both businesses through their respective initial public offerings.
Asked whether Binance could seek a stock market listing of its own, given his background, he said there were “no plans” in the short term.
Wei Zhou is also credited as having orchestrated Chinese tech group Beijing Kunlun Tech’s acquisition of the gay dating app Grindr last year.
On the subject of potential mergers and acquisitions, he said “we’re always on the lookout for high quality products.”
Last year, the company bought crypto wallet maker Trust Wallet for an undisclosed amount and invested $2.5 million in Australian start-up TravelbyBit, which lets users book flights with cryptocurrency.
GYMetaverse Invests HKD 100 Million to Revolutionize Health Management Platform – Live4Well with NFT Membership and Sweat and Earn Incentives
GYMetaverse, a Web3.0 wellness company headquartered in Hong Kong, announces a ground-breaking HKD 100 million investment to expand its innovative web3 health management platform, Live4Well. Utilizing cutting-edge blockchain technology, Live4Well offers users secure, decentralized, traceable, and controllable self-health management services. With the introduction of VIV Pass (NFT membership), users gain exclusive access to over 200 premier fitness centers across Hong Kong, while exciting Sweat and Earn incentives motivate individuals to achieve their fitness goals like never before.
With this substantial investment, GYMetaverse aims to redefine the landscape of health management, empowering individuals to take control of their well-being through a seamless digital experience.
Unlock a World of Fitness with the VIV Pass: Seamless Access to Premier Gyms Across Hong Kong
The platform will launch an NFT membership pass, “VIV Pass,” and its accompanying mobile application in October. By leveraging the power of NFT membership, users can unlock a network of top-notch gym facilities, spanning all corners of Hong Kong. Moreover, the Sweat and Earn incentives provide a unique opportunity for users to earn rewards and benefits by simply engaging in their fitness routines. Its features include:
- ANYWHERE: Users can enjoy seamless access to a network of over 200 fitness centers across Hong Kong using the VIV Pass through Live4Well’s partnership. Participating fitness centers are located in all 18 districts of Hong Kong, including popular establishments such as Anytime Fitness, 24/7 Fitness, FIT24 Hong Kong, EMS Fitness Hong Kong, Inspire Yoga, and many more.
- ANYTIME: The mobile application combines artificial intelligence (AI) and motion capture technology to accurately measure human body movements, assisting users in improving their exercise posture. Users can engage in physical training anytime, anywhere, as if they have a 24/7 personal fitness coach by their side.
- Sweat and Earn: Users can also earn digital currency, Sweat Coins, through exercise, achieving the concept of “Sweat and Earn.” Sweat Coins can be used to redeem rewards, participate in sports courses and professional lectures, and even exchange for the digital token (L4W), allowing users to explore the world of Web3 ecosystem through real-world applications.
The Era of “Health 3.0: Live4Well and GYMetaverse’s Vision for a Holistic Approach to Health”
GYMetaverse’s Live4Well platform is revolutionizing the concept of health with its innovative approach known as “Health 3.0.” The healthcare landscape has transitioned from the directive Health 1.0, where companies and health organizations provided wellness instructions, to the interactive Health 2.0, offering personalized consultations. We’re now entering the era of Health 3.0, the future of wellness where users drive their health choices. In this new stage, individuals are not just recipients but active participants, empowered with the freedom to shape their health journeys. Through this shift, healthcare becomes a more personalized and effective experience.
From Sportswear to Health Management: GYMetaverse’s Evolution and the Live4Well Platform
Established in 2022, GYMetaverse has come a long way since its inception. In 2017, the investors of the company completed a 100% acquisition of the renowned German sports brand Gym Aesthetics (GA). This significant move expanded their ambitions beyond sportswear sales. Venturing into the sports and technology industries, Gym Aesthetics made strategic investments in projects under Animoca Brands and formed collaborations with key stakeholders in the sports world. Notable partnerships included working with Alain Ngalani, a four-time Muay Thai world champion, and Sergi Constance, a Spanish fitness model with over 6 million followers on Instagram.
Over the past six years, Gym Aesthetics has worked closely with more than 100 fitness coaches to organize successful online and offline fitness events, solidifying its expertise and fostering a vibrant community of fitness enthusiasts. Now, GYMetaverse is poised to embark on an exciting new chapter, leveraging on its resources to create a user-driven health management platform infused with web3 elements.
To realize this transformative vision, GYMetaverse has committed a substantial investment of HKD 100 million into the development of the Live4Well platform. This dedicated investment underscores the company’s unwavering commitment to creating a flagship web3 project that revolutionizes health management for the people of Hong Kong. By leveraging its extensive industry experience and strategic collaborations, GYMetaverse is poised to reshape the future of health and fitness, establishing a transformative ecosystem that empowers individuals to thrive in the era of “Health 3.0.”
Live4Well is a Web3.0 health management platform that integrates virtual reality to inject a new economic model into the fitness industry. Users can earn Sweat Coins through high-precision exercise on the platform, which can be redeemed for physical gifts, fitness courses, or even digital currency (L4W).
The platform also offers a VIV PASS, which serves as both a pass for accessing multiple gyms and studios across 18 districts in Hong Kong and a tool for measuring users’ body movements to improve their exercise posture. The VIV PASS comes with a mobile app that combines blockchain technology, artificial intelligence, and motion capture technology, providing users with a 24-hour fitness coach. Users need to calculate their sweat capacity in exchange for more rewards and benefits, enjoy the freedom to work out regardless of location.
For further information, please check our website: https://www.live4well.io
HashKey Exchange and imToken Form Strategic Partnership to Bridge “Trusted and Trustless” Services in the Web3 Ecosystem
HashKey Exchange, Hong Kong’s first licensed retail virtual asset exchange, and imToken, a well-established non-custodial crypto wallet, have forged a strategic partnership to merge the “trusted” and “trustless” elements of the Web2 and Web3 realms within the virtual asset landscape.
Web3 operates on a “trustless” principle, relying on code, incentives, and economic mechanisms, giving users the option to not rely on third party. On the other hand, Web2 offers users a more familiar user experience and enhanced access to traditional financial services that are not yet found in Web3.
Both HashKey Exchange and imToken teams will work closely together to offer a comprehensive, seamless, and secure solution for all users, empowering customers with enhanced choices, elevating user experience to unprecedented levels of safety and convenience.
The seamless flow of value between exchanges and non-custodial wallets is a crucial junction for the Web3 investor experience. Investors seek a combination of non-custodial wallets, fiat on-ramp/off-ramp services, and professional trading capabilities, but the fragmented nature of service providers often hinders their overall experience.
In this strategic partnership, imToken will be appointed as the official non-custodial wallet partner for HashKey Exchange, catering to users who seek self-managed digital assets. As one of the first recipients of the virtual asset license from the Hong Kong SFC, HashKey Exchange will offer imToken users a trusted platform to trade virtual assets where direct bank transfers for fiat on and off ramp are supported.
We firmly believe that this collaboration will serve as a catalyst, synergizing the trusted attributes of HashKey Exchange’s regulatory compliance with imToken’s proven track record in security within the trustless nature. Together, we bridge the gap between fiat and digital assets, custodial and non-custodial solutions, and facilitate the unrestricted flow of value under a robust and secure framework.
Livio Weng, COO of HashKey Group, said, “We are excited to partner with imToken, a renowned name in the decentralized wallet space. By combining HashKey Exchange’s regulated trading platform with imToken’s secure and trustless capabilities, we aim to bring virtual asset management experience to the next level.”
Ben He, CEO and Founder of imToken, said, “Our collaboration with HashKey Exchange represents a significant step forward in creating a seamless and secure ecosystem for Web3 enthusiasts. Together, we empower users to take control of their assets while ensuring they have access to a trusted fiat gateway for a holistic Web3 experience.”
About HashKey Exchange
On a mission to set the bar for virtual asset exchanges in compliance, safety, and security, Hash Blockchain Limited (HashKey Exchange) is Hong Kong’s first licensed virtual asset exchange for retail users. HashKey Exchange has recently received approval from the Securities and Futures Commission (SFC) of Hong Kong to operate a virtual asset trading platform under Type 1 (Dealing in securities) licence and Type 7 (Providing automated trading services) licence. As HashKey Group’s flagship business, HashKey Exchange provides all-in-one trading services for both professional investors (PI) and retail investors. HashKey Exchange has obtained ISO 27001 (Information Security) and ISO 27701 (Data Privacy) management system certifications.
imToken, a Series-B blockchain technology company headquartered in Singapore, is inspired to make digital life equally accessible to everyone, and we are committed to creating digital wallets that are simple to use, safe and secure for every user. Since its founding in 2016, imToken has served over 15 million users in more than 150 countries worldwide.
ChainUp is now an ISO/IEC 27001, 27017 & 27018 Certified Blockchain Solutions Provider
ChainUp, a leading global blockchain solutions provider, has been awarded three internationally recognised security accreditations – ISO/IEC 27001, 27017 and 27018 certifications. Following their announcement of the SOC 2 Type 1 achievement last week, attaining these highly-acclaimed certifications underscores ChainUp’s dedication to maintaining stringent global security standards.
As regulations tighten, the demand for secure and compliant infrastructure continues to grow in the blockchain and Web3 industry. With an unwavering pursuit of excellence, ChainUp has meticulously designed a sophisticated framework focusing on information security, cloud computing security and Personally Identifiable Information (PII) protection, thereby recognized for achieving the international standards in managing information security. These international standards are published jointly by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC).
The achievement of ISO/IEC 27001 signifies that ChainUp has put in place a system to manage risks related to the security of data owned or handled, and respects all the best practices and principles enshrined in this International Standard. Attaining ISO/IEC 27017 demonstrates that ChainUp is adhering to the most stringent cloud services security standards and has appropriate processes in place to manage any unforeseen challenges. ISO/IEC 27018 certification implies that ChainUp has met specific requirements, controls, guidelines, and code of practice to protect their customers’ PII. These esteemed accreditations reinforces that ChainUp’s cutting-edge blockchain solutions are ready for the customers’ trust internationally.
Sailor Zhong, Founder and CEO of ChainUp, said, “We are delighted and proud to achieve ISO/IEC 27001, 27017 and 27018 certifications. This is a testament to our ongoing commitment to meet the evolving security needs of our clients. ChainUp is dedicated to upholding international security standards, providing compliant and assured solutions. We will continue to empower businesses around the world to thrive in a secure Web3 ecosystem, contributing to the advancement of the blockchain industry.”
Founded in 2017 and headquartered in Singapore, ChainUp is a global leading end-to-end blockchain technology solutions provider covering infrastructure development and ecosystem support. We provide a complete suite of secure and compliant blockchain solutions including digital asset exchange, NFT trading, wallet, liquidity, Web3 infrastructure, digital asset custody, security token offerings and more. ChainUp currently serves more than 1,000 customers across 30 countries, reaching more than 60 million end-users.
Find out more about ChainUp: chainup.com
ChainUp Obtains SOC 2 Type 1 Certification
ChainUp, global blockchain technology solution provider, has announced its successful completion of the System and Organization Controls 2, audit and is now SOC 2 Type 1 certified. As a key industry standard for compliance, SOC 2 examines the security, availability, confidentiality, processing integrity, and privacy of customer data across solutions. Conducted by Deloitte Touche Tohmatsu Certified Public Accountants LLP, the audit included an evaluation of ChainUp’s internal controls related to Information Technology, based around the Trust Principles of Security, Availability, Integrity of processing, Confidentiality and Privacy in accordance with the criteria set by the American Institute of Certified Public Accountants (AICPA).
As ChainUp provides a complete suite of blockchain technology solutions, covering both infrastructure development and ecosystem support for businesses, it was built on a set of comprehensive security measures and processes to ensure system security, user information confidentiality, and privacy. The SOC 2 Type 1 certification reflects ChainUp’s commitment to technical and operational best practices in protecting the business, customer data and users’ digital assets. Presently, ChainUp is pursuing the completion of SOC 2 Type 2 audit to further demonstrate their commitment in protecting data and establishing total trust with businesses and users.
Sailor Zhong, Founder and CEO of ChainUp, said: “ChainUp has been committed to providing efficient, secure and reliable blockchain technology services to businesses and users worldwide. The completion of SOC2 Type 1 certification is an important milestone for us in validating the quality and security of our services. As a customer-first company, we anticipate the level of compliance businesses and institutional investors would expect and ChainUp remains dedicated to ensuring the utmost security and privacy protection for all business, customer and user information.”
Founded in 2017 and headquartered in Singapore, ChainUp is a global leading end-to-end blockchain technology solutions provider covering infrastructure development and ecosystem support. We provide a complete suite of secure and compliant blockchain solutions including digital asset exchange, NFT trading, wallet, liquidity, Web3 infrastructure, merkle tree proof-of-reserves, digital asset custody, and more. ChainUp currently serves more than 1,000 customers across 30 countries, reaching more than 60 million end-users.
Find out more about ChainUp: www.chainup.com
FatBrain AI ($LZGI) and Appulate to Distribute AI Sales Enablement Solution to 35,000 Agencies Serving 150 Insurance Carriers
FatBrain AI (the “Company,” or “we”), the leader in powerful and easy-to-use AI solutions for small business, announced a new distribution agreement for its IntellAgent Advisor™ AI Sales Enablement solution.
Its distribution partner Appulate offers an industry-leading software that has been digitizing insurance transactions across agency brokers, distribution/MGA and carrier systems over 18 years. It reaches nearly 300,000 users at 35,000 agencies, connected with 150 carriers. Appulate enables 240,000 insurance requests per year, with $3B+ in premiums annually.
Last week FatBrain AI’s Insurance subsidiary IntellAgents announced its latest product; IntellAgent Advisor™, which is a sales enablement tool for agents’ rapid growth and productivity boost. It personalizes the exclusive underwriting knowledge from Rough Notes, Inc., a trusted leader supporting independent agents and underwriters since 1878. It automates 145 years of insurance expertise and delivers it at the “point of sale” using FatBrain’s FatGPT™ private data model technology, similar to the popular large language models or LLMs. In its simplicity, the IntellAgent Advisor aligns and enhances the underwriting knowledge, the agent-client experience and FatBrain’s existing innovation ecosystem continuously scoring industry and region-specific business risks.
“With IntellAgent Advisor, our clients now get ‘on the spot’ analysis of the insurance risks and recommended coverages for 700 different industries,” said Dimitri Nikouline, CTO of Appulate. “It gives them the much-needed advantage in a highly competitive landscape – to grow new business and retain their existing customers. Each agent instantly knows more about their customers’ business and their insurance needs with a few clicks.”
“Our goal is to reach as many agents as quickly as possible,” said Mark Stender, president of FatBrain AI insurance business and 27-year veteran of insurance technology. “The Appulate partnership enables mass adoption by a large number of agents embedded into a high volume of ‘real business’ transactions accelerating the commercial insurance application process.”
“The Appulate relationship empowers multi-level business insights across the seller-distributor-carrier/manufacturer dynamics,” said Peter B. Ritz, co-founder and CEO of FatBrain AI. “We are excited to make the entire experience more personalized for sellers and their clients, while automating the augmented decision-making across the entire P&C insurance supply chain.”
About FatBrain AI
FatBrain AI provides powerful and easy-to-use AI solutions to empower the enterprise stars of tomorrow to grow, innovate, and drive the majority of the global economy. FatBrain’s AI 2.0 technologies and advanced data services transform continuous learning, narrative reasoning, large language models, and cloud and blockchain technologies into auditable, explainable and easy to integrate AI solutions. FatBrain’s subscriptions allow all companies to deploy its advanced AI solutions quickly, easily, and securely behind their firewalls or via cloud. FatBrain’s global delivery includes 600+ team across design, development centers in the US, UK, India, and Kazakh Republic.
For more information, please visit: https://www.fatbrain.ai
About Appulate, Inc.
Appulate the #1 digital distributor of P&C insurance and the leading insurtech company providing innovative solutions to streamline and enhance insurance processes for agents and markets. Appulate facilitates the evolution of technology and changes the way more than 300,000 independent agents and over 35,000 agencies generate quotes and expand their business. Appulate powers the digital transformation of insurance by bringing together the insured, agent, wholesale broker, MGA and carrier in a digital ecosystem designed to expedite the rate, quote, and bind process for property and casualty risks.
For more information, please visit: https://appulate.com
SKYPLAY Raises $10 Million from LDA Capital to Grow Gaming Platform
SKYPLAY has received a $10 million commitment from global investment group, LDA Capital Limited, to accelerate the growth of its gaming platform by publishing more games and acquiring new users. SKYPLAY plans to continue to leverage its enthusiastic blockchain community of over 300,000 monthly active users to help bring excitement to its gaming portfolio as SKYPLAY expands its virtual playground.
SKYPLAY offers a user-friendly platform where users can utilize the SKP coins they have acquired for various purposes within the ecosystem provided by the platform. The platform provides seamless integration between the onboarded content and SKP, allowing users to experience a wide range of services offered by each project using SKP as the underlying currency.
Anthony Romano, Managing Partner at LDA Capital Ltd, expressed enthusiasm for the partnership with SKYPLAY as the company leads the charge among Play to Earn (“P2E”) platforms. “SKYPLAY’s expansive ecosystem offers users a variety entertainment across sports, arts and crafts, appealing to the different preferences amongst the gaming community. This multifaceted approach, along with a forum-oriented community they’ve built is extremely difficult to replicate and gives them a leg up as they publish more games and diversify their entertainment offerings.”
Currently, SKYPLAY is servicing games in over 170 countries worldwide, with approximately 300,000 users utilizing the platform monthly. With a goal of securing over 10 million users by the end of 2024, the company is preparing an AI avatar that will serve as a metaverse platform connecting cities, humans, and the future, aiming to provide new experiences and business models. By showcasing the future of digital content through ever-evolving blockchain and AI technologies, SKYPLAY aims to grow into a platform that offers innovative experiences and diverse opportunities to its users.
Richard Chang, CEO of SKYPLAY, mentioned, “The investment from LDA Capital will serve as a significant driving force for the future growth of SKYPLAY. I am confident that together, we will pioneer the future and become invaluable partners in our journey of growth.”
SKYPLAY, a company established in July 2021, is developing a platform that integrates blockchain technology, one of the key businesses of the Fourth Industrial Revolution. The platform offers various games, including Clashrow, along with the ability for users to earn coins and trade NFTs. Users can enjoy games and content while also participating in the NFT marketplace.
LDA Capital is a global alternative investment group with expertise in cross-border transactions worldwide. Our team has dedicated their careers to international & cross-border opportunities having collectively executed over 250 transactions in both the public and private middle markets across 43 countries with aggregate transaction values of over US$11 billion.
Immediate Connect: Changing the Game in Bitcoin Trading
Immediate Connect, a pioneering cryptocurrency trading platform, is set to transform the Bitcoin trading ecosystem by harmonizing unmatched security safeguards with extraordinary user-centric functionality.
Created under the leadership of a seasoned industry professional, Immediate Connect addresses the market’s crucial demand for a reliable, efficient, and secure cryptocurrency trading platform. More than a tool, it’s a comprehensive ecosystem meticulously designed to streamline trading operations for all participants, regardless of their trading experience.
Immediate Connect’s distinguishing factor lies in its advanced AI-driven algorithm. This transformative technology enables the platform to offer innovative features while upholding rigorous security protocols. Traders worldwide resonate with Immediate Connect’s commitment to protecting user funds and data, making it a platform that truly meets the users’ needs. This dedication to protecting user funds and data resonates strongly within the trading community, solidifying Immediate Connect as a platform that truly comprehends and caters to its users’ requirements.
Recognizing the significant influence and potential of Bitcoin in the cryptocurrency industry, Immediate Connect has built an effective gateway for traders. It allows them to tap into Bitcoin’s power, enhancing their trading prowess.
For novices, the platform provides user-friendly features like a demo platform and comprehensive trading guides. These resources offer a safe and nurturing environment for beginners to gain a strong foothold in cryptocurrency trading. For experienced traders, Immediate Connect presents a robust suite of advanced tools and services. They can swiftly configure their trading parameters, receive personalized trading opportunities, and benefit from the support of expert brokers, facilitating a seamless trading experience.
Another standout feature is Immediate Connect’s real-time, AI-powered market research and analysis tool. This high-precision instrument offers traders effective signals, empowering them to harness technical indicators and make informed, data-backed trading decisions. The platform’s advanced market analysis capabilities are a tremendous asset for new traders, allowing them to make data-driven decisions confidently. Experienced traders, on the other hand, can delve deep into their own analysis while having the reassurance of Immediate Connect’s accurate market research and insights.
In alignment with its mission of inclusivity, Immediate Connect has built a platform that ensures accessibility is never a barrier to trading success. The platform is web-based, designed for compatibility with any device that supports a stable internet connection. This flexible feature allows traders to stay connected and seize trading opportunities whether they’re on their tablet at home or smartphone on the go.
Security is a cornerstone at Immediate Connect. The platform uses industry-standard security protocols, including SSL encryption, ensuring round-the-clock protection. This allows traders to concentrate on making profitable trades, knowing that their data and funds are secure.
Immediate Connect’s offerings extend beyond Bitcoin, opening doors to many trading opportunities, including general asset trading, foreign exchange, and various cryptocurrencies. This gives users the tools to explore different markets, discover their niche, and potentially diversify their portfolios.
Immediate Connect isn’t merely a tool; it’s a game-changer in Bitcoin trading. Harmonizing efficiency, security, and user-centric features, it raises the bar in the Bitcoin trading landscape. Whether you’re a newcomer or a veteran ready to plunge into the Bitcoin trading world, Immediate Connect is a trusted ally, supporting you at every step.
Cboe Digital Receives Approval to Launch Margin Futures on Bitcoin and Ether
Cboe Clear Digital announced it has received the necessary approval from the Commodity Futures Trading Commission (CFTC) to expand its product offering to include margined futures contracts. The initial product launch will include physically and financially settled Bitcoin and Ether contracts in the second half of 2023. Cboe Digital is the first U.S. regulated crypto native exchange and clearinghouse combination platform to offer leveraged derivatives products. Cboe Digital’s vision to bring trust and transparency to crypto spot and derivatives markets is an intermediary-inclusive model.
Cboe Digital to date has offered trading and clearing of Bitcoin and Ether futures on a fully collateralized basis, which require customers to outlay the full amount of a futures contract upfront. The new margin model will require only a percentage of the total posted as collateral, enabling customers to trade futures in a less capital-intensive way. Trades will be executed and cleared through an approved set of member Futures Commission Merchants (FCMs) with Cboe Digital’s clearinghouse acting as the central counterparty.
“We are grateful to the CFTC for working with us as we continue to build out our vision for a transparent, U.S. regulated crypto marketplace that welcomes intermediaries,” said John Palmer, President of Cboe Digital. “Derivatives are a time-tested and valuable tool that enable investors to gain market exposure and manage their risk.”
Cboe Digital has the unique ability to trade spot and margin futures on the same platform, which fills a key gap in the US landscape, and brings greater cost and operational efficiencies to enhance customers’ trading experience. In addition to margin futures, Cboe Digital’s spot market supports trading in Bitcoin, Bitcoin Cash, Ether, Litecoin and USDC. Cboe Digital’s unified spot and derivatives markets are underpinned by responsible innovation.
About Cboe Global Markets, Inc.
Cboe Global Markets (Cboe: CBOE), a leading provider of market infrastructure and tradable products, delivers cutting-edge trading, clearing and investment solutions to market participants around the world. The company is committed to operating a trusted, inclusive global marketplace, providing leading products, technology and data solutions that enable participants to define a sustainable financial future. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives, FX, and digital assets, across North America, Europe and Asia Pacific. To learn more, visit www.cboe.com.
About Cboe Digital
Cboe Digital offers individuals and institutions a single, innovative platform to access crypto spot and futures markets. By combining professional tools, advanced technology, sophisticated regulatory oversight, and a diverse product set, Cboe Digital offers compliant, capital markets friendly workflows to digital market participants. Backed by some of the world’s largest trading firms and financial institutions, Cboe Digital brings transparency and reliability to the digital asset class.
Cboe Digital Futures are offered through Cboe Digital Exchange, LLC, a CFTC registered DCM and Cboe Clear Digital, LLC, a CFTC registered DCO. The CFTC does not have regulatory oversight authority over virtual currency products including spot market trading of virtual currencies. Cboe Digital’s Spot Market is not licensed, approved or registered with the CFTC and transactions on the Cboe Digital Spot Market are not subject to CFTC rules, regulations or regulatory oversight. Cboe Digital Spot Market is subject to certain state licensing requirements and operates in NY pursuant to Cboe Clear Digital’s license to engage in virtual currency business activity by the New York State Department of Financial Services. Cboe Digital and the Cboe Digital logo are trademarks of the Cboe Global Markets Group of companies. To learn more, visit www.cboedigital.com.
Unidef Introduces Decemount to Expedite Global Shift to Decentralization
Today, Unidef (unidef.org), a global network of organizations focused on hastening the global shift to a decentralized future, proudly unveils its latest initiative, Decemount. This ambitious project seeks to fund and empower talented individuals and teams working on projects aligned with the vision of a decentralized future.
Decemount, also known as Unidef Decemount, is a vibrant global community composed of creators, builders, communities, organizations, and ecosystems dedicated to advancing the world toward a decentralized future. Decemount aims to cultivate an ecosystem of projects, infrastructure, and organizations that will develop into the largest network of decentralized entities, accelerate the global adoption of Unidef (U), and explore synergies connecting its value to the wider Web3 ecosystem.
Azim Ghader, Global CEO of Unidef, said: “The launch of Decemount marks a significant milestone for us, and we are thrilled to support teams worldwide who share our mission of accelerating the world’s transition to a decentralized future.”
Decemount allows like-minded individuals from diverse backgrounds to unite under a common goal: building a better future through decentralization. The initiative offers resources, training, and mentorship opportunities to help teams successfully develop their projects.
“We’re challenging the status quo and introducing a new paradigm in decentralization—one where people and communities hold the power to change the world,” Azim added. “That’s why we’re dedicated not only to supporting powerful tools but also ensuring that everyone has access to them.”
Unidef and its members are steadfastly devoted to promoting and advancing decentralized technologies, protocols, assets, entities, and initiatives that empower the world to control its finances, data, and identity and engage in a decentralized future. Unidef furthers its mission by strategically investing in entrepreneurs and organizations driving industry advancements and by awarding grants to diverse groups, individuals, and projects focused on decentralization and aligned with Unidef’s vision and mission.
With its launch today, Decemount marks an exciting new chapter for both Unidef and Web3 as a whole. As more projects join this network over time, it could potentially become one of the most influential forces driving adoption in this space for years to come.
Unidef is a global network of organizations working to accelerate the world’s transition to a decentralized future. It invests in and supports communities and builders of next-generation technologies, incubates creative ideas in the Web3 space, and provides institutional support and organizational backing.
For more information and updates, visit www.unidef.org and follow @UnidefGlobal on Twitter, Telegram, Instagram, and Facebook.
Decemount is a network of DAOs (Decentralized Autonomous Organizations) working together to empower the next generation of organizations with $U-governed initiatives. It is a part of Unidef’s interconnected network of organizations that work to accelerate the world’s transition to a decentralized future.
For more information and updates, visit www.unidef.org/decemount and follow @Decemount on Twitter, Telegram.
About Azim Ghader
Azim Ghader is an entrepreneur, investor, philanthropist, and the Global CEO of Unidef. He leads a global network of member organizations working together to accelerate the world’s transition to a decentralized future, empowering all individuals to take control of their finances, data, and identity.
FLASK Expanding Communication With Users to Enhance Participation-driven NAODA Platform
Web 3.0 and gaming platform creator FLASK has announced that it will enhance its participation-driven Game-Fi platform NAODA (http://naoda.xyz/) by further strengthening communication with users, creating an even more inclusive and user-friendly platform that is accessible to everyone.
Today, NAODA and Connext Network – a modular interoperability protocol that lets users build secure crosschain apps – will host a communication session with NAODA users through Twitter Spaces. The session is an opportunity for users to share opinions and feedback about their experiences on the platform.
This will be followed by the unveiling of additional NAODA Proof of Participation (POP) badges that reflect user feedback. POP is NAODA’s Soulbound Token (SBT) and serves as credentials for participating in community and gaming activities.
One of the newly announced 5-star POP badges is the ‘Beta Master,’ which is only issued to users who have actively participated in NAODA’s beta version. As a token, Beta Master gives its holders more influence over participation-driven platform operations and a bigger say in the platform’s development to reflect the company’s gratitude for their contribution to the beta stage.
“We feel that enhancing user engagement is one of the key elements in providing unique experiences on NAODA,” said Byoung-jae Lee, CEO of FLASK. “We are prioritizing the expansion of communication opportunities alongside various blockchain companies, and this includes FLASK and Connext’s recent Twitter Spaces session.”
FLASK, a KOSDAQ-listed company, is a technology innovator that was relaunched in 2022 with ambitions to lead the expansion of blockchain and Web 3.0 technologies. The development of its blockchain-based game platform and game titles is driven by top talent who have experience working at leading companies such as Kakao Games, NCSoft and Neowiz. FLASK CEO Byoung-jae Lee was formerly General Manager at EA Studios’ Spearhead and at EA Seoul Studio for EA Korea, leading several projects for FIFA Online. Additional team members helping drive the business include global talent from companies like the Boston Consulting Group (BCG) and PricewaterhouseCoopers (PwC). FLASK plans to provide expanded GameFi services through its blockchain game platform NAODA and its high-end games, which are scheduled for release in the first half of this year. Learn more at: https://flask.global/
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