StraitsX, the issuer of XSGD and XIDR introduces Polygon as its third natively supported blockchain

Singapore, Sep 15, 2022 – (ACN Newswire) – StraitsX (www.straitsx.com), the Southeast Asia-based digital asset payment infrastructure today announced native support for the StraitsX Singapore Dollar (XSGD) and StraitsX Indonesian Rupiah (XIDR) on the Polygon blockchain. Polygon will become StraitsX's third officially supported blockchain, after Ethereum and Zilliqa.

Since its launch in October 2020, XSGD has gained rapid adoption, surpassing over 4.8 billion XSGD in on-chain transactions, making XSGD one of the largest non-USD stablecoin by market capital today. XIDR, introduced in November 2021, has also gained significant traction, joining XSGD as one of the largest Southeast Asian stablecoins.

Starting today, users can leverage the StraitsX platform to send and receive XSGD & XIDR on the Polygon network.

Head of StraitsX, Aymeric Salley said: "We're thrilled to introduce the StraitsX stablecoins in the vibrant Polygon ecosystem, enabling our users to take advantage of the faster settlement times and significantly reduced gas costs."

Hamzah Khan, Head of DeFi and Labs at Polygon, said: "StraitsX's stablecoins are some of the most-utilized in the cryptocurrency space, particularly outside the U.S. We're delighted to welcome StraitsX to the Polygon ecosystem and recognize the immense utility they'll bring — particularly within Polygon's expanding DeFi ecosystem. We look forward to providing the infrastructure that allows the project to flourish in the coming months and years."

XSGD & XIDR (Polygon) features fast and efficient transactions. Transactions on the Polygon network are significantly more cost-effective on the Ethereum network. Known as a 'layer 2' scaling solution, Polygon is designed to run decentralized applications (dApps) built for Ethereum, enabling developers to quickly scale their dApps to run on faster, more efficient infrastructure and accelerate access to Web3, decentralized finance (DeFi) and NFT markets.

About StraitsX

StraitsX is the pioneering payments infrastructure for digital assets space in Southeast Asia and a Major Payment Institution licensed by the Monetary Authority of Singapore.
StraitsX is part of the Fazz ecosystem, which aims to make the future of finance accessible for all businesses in Southeast Asia.

StraitsX offers personal and business account holders to mint and redeem StraitsX stablecoins, manage payments, and connect their accounts to digital asset platforms. Business accounts can also access B2B API-enabled payment rails for digital asset platforms.

For more information, please visit www.straitsx.com.

About Polygon

Polygon (Previously known as the Matic network) is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks.

Also known as a layer-2 scaling platform, the Polygon chain exists on top of the Ethereum blockchain. The Polygon chain boasts lower gas fees and faster speeds compared to the Ethereum blockchain.

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Eros Investments, Xfinite and Calvin Cheng partner to launch XelebX, World’s First Metaverse Members-Only Influencer Fan Club

– Members will get access to the XelebX club through tradable NFTs
– XelebX will launch with a community of 200+ million existing fans across the Eros ecosystem

MUMBAI, INDIA, Sept 14, 2022 – (ACN Newswire) – Eros Investments, a leading Global Media, Entertainment & Technology portfolio of ventures, and Xfinite, a decentralized entertainment ecosystem, have partnered with veteran entertainment and tech entrepreneur Calvin Cheng, to launch ‘XelebX’, the world’s largest Web 3.0 members-only celebrity fan club. The partnership will introduce over 200 million existing fans of global influencers and celebrities associated with Eros’ ecosystem and its group companies to the new metaverse with NFTs and Fan Tokens.

XelebX will be accessible only through NFT memberships. The NFT membership holders will get access to various benefits, including exclusive access to virtual meets with the influencers, exclusive content, virtual backstage passes, and celebrity NFT collectibles.

XelebX, at a later stage, will launch fan tokens that track an influencer’s popularity and will be tradeable on major exchanges allowing holders across fandoms to trade and exchange value freely. This will also enable influencers and celebrities to collaborate and grow their fanbase in a way native to Web 3.0 interoperability and composability.

Existing Community Key to Success

Calvin Cheng says, “Web 3 is all about community building. Other platforms have tried this in the past. They built the tech but struggled to build the community – the key to Web 3’s success. We already have the tech expertise and an amazing community of hundreds of millions of fans. We will now onboard them into the Metaverse using the latest digital asset and Web 3 technologies.”

Next Evolution of Media and Entertainment

Kishore Lulla, Chairman, Eros Investments, says, “Over five decades, Eros has built one of the largest media and entertainment businesses enthralling millions of fans and launching some of the biggest stars in India. One of the key reasons for our success is our ability to embrace change – from film to TV to the Internet and now Web 3.0 and readiness to lead it from the front. The metaverse and the immersive Internet are the technological tides that will carry us forward for the next 50 years. Eros is committed to being at the forefront of its adoption.”

Swaneet Singh, CEO of Xfinite, says, “With Xfinite, Eros has already gained invaluable experience in media built upon virtual assets and the blockchain. XelebX is the next natural innovation to bring the global community of entertainment fans into the metaverse and unlock immersive interaction with the influencers they follow.”

Xfinite’s partner Mad Influence, a leading influencer marketing company, has joined XelebX, the world’s first Metaverse Members-Only Influencer Fan Club. Various celebrities from Mad Influence have associated with XelebX for the launch. Gima Ashi (Garima Chaurasia), an Indian-origin actor, model, and social media influencer with 14.6 million followers on Instagram and a part of Mad Influence’s ecosystem, says, “I am super excited to join XelebX. The platform will facilitate better engagement with my fans and allow both fans and I to monetise our relationships through digital assets like NFTs and Fan tokens.”

About Eros Investments

Eros Investments is a venture with assets in media, sports, blockchain, digital commerce and gaming. Its portfolio companies include Eros Media World, Eros Now, Xfinite, EXR, and Eros Innovations. Disruption is at the heart of Eros Investments, and its core culture is deeply rooted in next-generation intellectual properties with technology as the driving force. Its blockchain, sports, and entertainment ventures have been game changers with a solid first mover advantage. Eros Investments is a future-ready organization committed to developing the Web 3.0 ecosystem with a mission to make the world of entertainment better through innovation and diversity.

About Xfinite

Xfinite is a decentralised entertainment ecosystem where users turn their time and engagement into rewards, brands advertise with trust and creators build economies. Xfinite achieves this by democratising premium content and NFTs through products such as Mzaalo and MzaaloNFT. Mzaalo is a play-to-earn VoD platform offering millions of users of premium content across 12,000+ movies, music, originals, and live TV. Users redeem earned tokens across 600+ established brands, merchandise, digital goods, games, and celebrity experiences. It is on the iOS, Play Store, and JioStore, and provides entertainment to millions of Daily Hunt, Josh, Eros Now users, SpiceJet and Daimler travellers. Xfinite’s soon-to-be-launched NFT marketplace, MzaaloNFT will connect consumers and NFT collectors to native and globally acclaimed artists, celebrities, athletes, millions of digital collectables, and more. The ecosystem is powered by the Xfinite Entertainment Token ($XET). $XET is available on BitMart, MEXC, Tinyman and Algofi as well as on high-performing staking platforms like Yieldy. It is also the only media-entertainment-based blockchain platform to get the Virtual Asset License from the Dubai government.

www.xfinite.io
www.mzaalo.com
www.mzaaloNFT.com

About Calvin Cheng Web 3 Holdings

Calvin Cheng is currently the Chairman of listed Chinese EdTech firm ReTech Technology Co, which he led to an Initial Public Offering, together with other high-profile investors from China. ReTech’s shareholders include several co-founders of Alibaba, as well as founders of other major Chinese tech companies. Prior to ReTech, Cheng was the Head of Elite Model Management for Asia. He was also the licensee for Ford Supermodel of The World for China, Singapore and Malaysia. Cheng launched a media investment fund with one of China’s largest film and media group, The Bona Film Group.

In Singapore, Cheng was the founding director of Lumina-Looque Group, which organises fashion events for global luxury brands like LV, Moncler and Ferrari. Lumina was also involved in organising the launch of Dubai Meydan City. Cheng is the former appointed Member of Singapore’s Parliament and Young Global Leader of the World Economic Forum.

Calvin Cheng Web 3 Holdings was the first NFT and Fan Token company to be granted a license by Dubai Virtual Asset Regulatory Authority (DVARA).

For more information, contact:
Chi-an Chang
Director, Public Relations (Singapore)
chi-an@financialpr.com.sg
T: (65) 6438 2990

Next Block Expo Event Embraces Compliance with Blockpass

HONG KONG, Sep 9, 2022 – (ACN Newswire) – On-Chain KYC(TM) provider Blockpass is excited to announce a partnership with Next Block Expo, one of the biggest industry events in Europe. This new partnership will see Blockpass CEO Adam Vaziri speaking at the Next Block Expo event in Berlin on November 23rd and 24th of this year. Those looking to attend should take advantage of the early discounts being offered.

Next Block Expo is styled as 'The Blockchain Festival of Europe' and boasts an impressive 5000 attendees, 100+ sponsors & exhibitors, and 80+ speakers. The event promises to be a hotbed of activity with presentations, roundtables, workshops, pitch contests, hackathons, VC 'speed dating' and numerous side events. Topics being discussed and explored during the two day extravaganza cover all manner of crypto- and blockchain-related topics including DeFi, blockchain gaming, the metaverse and NFTs, scaling and infrastructure, Web3 discovery, fundraising and investing. Next Block Expo offers a chance for attendees to meet founders and CEOs of fast-growing startups, VCs, angel investors, advisors and blockchain experts that can elevate business to the next level.

Blockpass is a digital identity verification provider which provides a one-click compliance gateway to financial services and other regulated industries. Through Blockpass, users can create, store, and manage a data-secure digital identity that can be used for an entire ecosystem of services, token purchases and access to regulated industries. For businesses and merchants, Blockpass is a comprehensive KYC & AML SaaS that requires no integration and no setup cost. You can set up a service in minutes, test the service for free and start verifying and on-boarding users. Currently with more than 500,000 verified user identity profiles, Blockpass facilitates instant onboarding, and to date over 3000 services have taken advantage of this opportunity to get access to users with reusable digital identity profiles.

"We're delighted to be getting back into the events scene with such an important company as Next Block Expo." said Adam Vaziri, Blockpass CEO. "We've always been determined to bring regulation and compliance to the widest possible audience and bring legitimacy to the blockchain ecosystem, and with the foresight of the Next Block Expo team in realizing the importance of compliance this promises to be a great place to do so."

"Next Block Expo wants to focus on the future of Web3 – we are witnessing a new economy that is a combination of what Web3 already created and now traditional sectors are jumping in. So let's discuss, brainstorm and share our vision of the future. Compliance is the big and important part of it." said Tom Kopera, Next Block Expo Co-Founder.

Blockpass has grown significantly in size and use since its inception, both in the number and range of users and organizations it has partnered with and the scope of its work. Blockpass continues to develop its digital identity protocol with updates and additions to improve the compliance experience. The existential need for DeFi projects to be regulatory compliant and the recent integrations have led to a surge in interest for Blockpass' On-chain KYC(TM) solution which promises to change the way blockchains enable compliance. Through its recent work with Animoca Brands, Blockpass is developing the ability to provide KYC where the delivery of the verification result is provably sent and shown on a blockchain without sharing the underlying data. This represents a significant step towards the future Blockpass hopes to bring about where identity verification can be proved without revealing any personal information at all.

About Blockpass

Blockpass, the pioneer of On-chain KYC(TM), is a fast, fully comprehensive KYC & AML screening software-as-a-service for blockchains, Crypto, Defi and other regulated industries. With Blockpass, you get an unmatched set of benefits for any compliance service that includes pay-as-you-go, no setup cost, no integration necessary, free testing, immediate launch and at the lowest cost. Blockpass' KYC ConnectTM platform enables businesses to select requirements for customer onboarding that can include ID authentication, face-matching, address checking, AML ongoing monitoring and/or screening of sanctions lists, politically exposed persons (PEP), and adverse media. Through Blockpass, end-users easily create a verified portable identity that they can control and re-use to onboard with any service instantly. By integrating with Chainlink Network – a decentralized oracle solution – last year, Blockpass introduced the first On-chain KYC(TM) solution that will service many blockchains in the years to come. Additionally, Blockpass' partnership with Animoca Brands has demonstrated how verification and adherence to standards can be proved on a blockchain without revealing any underpinning data – a significant boon for verifying Animoca Brands' NFT prize winners and a huge step towards securing the ecosystem of the Metaverse. The Blockpass App is available from the App Store and Google Play.

For more information and updates, please visit and sign up to the following:
Promotional video: https://youtu.be/SvO2cw3e-SI
Website: http://www.blockpass.org
Email: sales@blockpass.org

About Next Block Expo

Next Block Expo – The Blockchain Festival of Europe will be held in Berlin, 23-24 November 2022. NBX brings founders, investors and blockchain experts together to redefine & discover the future of web3. With the magnitude of 14.000m2 venue, 5.000 attendees, 100+ sponsors and 80+ speakers it aims to become one of the biggest industry events in Europe.

The event is called "The Blockchain Festival of Europe" for a reason as it serves its participants 6 content tracks within multiple formats including: Presentations, Roundtables, Workshops, Pitch Contest, Hackathons, Speed Dating, Side Events and Expo.

Networking opportunity backed by world-class event mobile app is the core value proposition for the attendees. Target audience of the event includes founders, developers, VCs, exchanges, market makers, launchpads, dApps, service suppliers and other industry participants.

More resources:
Promotional video: https://youtu.be/cgrkFpSbuNE
Website: https://nextblockexpo.com/
Deck: https://bit.ly/3ONX7je
Contact for media: kacper@nextblockexpo.com

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Crypto Valley Association Joins Hands with The Crypto Oasis to Boost Blockchain Development in the Middle East

DUBAI, UAE, Sep 8, 2022 – (ACN Newswire) – Crypto Valley Association, the Switzerland-based association of blockchain corporates and crypto professionals, has partnered with Crypto Oasis, Dubai to connect the growing blockchain communities in both Switzerland and the Middle East. Sharing several of the same goals for the growth of a thriving global blockchain ecosystem, Crypto Valley Association joins forces with Crypto Oasis to boost the development and adoption of blockchain technology.

Ralf Glabischnig, founder of the Crypto Oasis is fully focusing on connecting the Crypto Valley to the Crypto Oasis and growing the wider Inacta Group with Venture Capital and Venture Building structures in the UAE. The goal is to replicate the unique ecosystem growth strategy from the Crypto Valley into the Crypto Oasis. Inacta is also one of the founding members of the Crypto Valley Association and believes the time is ripe for this collaboration to bring the two regions closer together and bridge the geographic distance.

The Crypto Valley Association is based out of Zug, which is Europe's crypto capital. The Association was founded to benefit from Switzerland's strengths to connect startups and established enterprises and foster blockchain – & cryptographic tech innovation and adoption. The alliance with Crypto Oasis will help build bridges, share knowledge and enable an exchange between crypto-passionates in Switzerland and in the Middle East.

Emi Lorincz, President of the Crypto Valley Association says: "I am thrilled to help accelerate the global growth of the Crypto Valley Association. After opening our CVA Latin America Chapter, the Middle East, as a hub – with already 1000+ organisations – is the fitting next step for our expansion. We are delighted to partner with the digital economy in the Middle East with our focus on blockchain technology and we're excited about this flourishing partnership with Crypto Oasis that will help us foster blockchain adoption at a global scale."

Faisal Zaidi who is a co-founder of Crypto Oasis will lead the Crypto Valley Association chapter for the Middle East. He says: "We are excited to announce our new alliance with the Crypto Valley Association. The two entities will play complementary roles and expedite our mutual aim to establish a leading global blockchain ecosystem. This alliance will connect a fragmented blockchain world by connecting Switzerland, which is at the forefront of disruptive technology, with the Middle East which is all set to become the new hub for crypto and blockchain."

To initiate building the bridge between Dubai and Switzerland, the Crypto Oasis is inviting the Dubai International Financial Centre (DIFC) to visit Crypto Valley in Zug, Switzerland. During their visit, they will identify blockchain organisations in Crypto Valley that have the potential to migrate to Dubai to further enhance the Crypto Oasis ecosystem. These crypto companies will get a chance to explore the plethora of opportunities in this region and witness a friendly jurisdiction that welcomes disruption in the digital space. Further of these visits with other major organisations like DMCC, DWTC and ADGM are planned for the future.

The heart of the fastest-growing blockchain ecosystem in the world is Dubai, which is emerging as a citadel of blockchain innovation and has the potential to back great blockchain enterprises. Crypto Oasis catalyses the growth of organisations in the crypto space and like the Crypto Valley Association, it brings together investors, start-ups, corporates, researchers and government entities. The cooperation and collaboration between both will aim to advance the digital economy in the Middle East and bring distributed ledger technologies to the mainstream.

About Crypto Valley

The Crypto Valley Association is a Swiss-based independent with the mission of building the world's leading blockchain and cryptographic technologies ecosystem. The CVA is powered by its eleven Working Groups and by its driven members. The main purpose of the Association is fostering collaboration, driving adoption of digital assets and connecting startups, established enterprises through networking, research, policy recommendations, and its yearly flagship conference, – the Crypto Valley Conference (www.cryptovalleyconference.com).

Learn more through https://members.cryptovalley.swiss/.

About Crypto Oasis

The Crypto Oasis is a Middle East-focused blockchain ecosystem supported by initiators of the Crypto Valley Switzerland. The core elements needed for its development are Talent, Capital, and Infrastructure. The Ecosystems stakeholders include Investors & Collectors, Start-Ups & Projects, Corporates, Education & Research Institutions, Service Providers and Government Entities & Associations. Crypto Oasis' vision is to be one of the leading blockchain ecosystems in the world. Today it is the fastest growing, with more than 1,100 organisations in the UAE alone. The forecast is to identify over 1,500 established organisations across the region by the end of 2022. www.cryptooasis.ae

For more information contact:
Faisal Zaidi
Crypto Oasis
faisal@cryptooasis.ae
+971552000840

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Crypto Oasis Launches Groundbreaking arte Talks with TODA for Web3 Awareness

DUBAI, UAE, Sep 5, 2022 – (ACN Newswire) – Crypto Oasis has teamed up with the Theatre of Digital Art (TODA) to launch arte Talks, a first-of-its-kind bi-monthly initiative that will bring Web3 into the mainstream. These series of talks will be based around the innovations, developments and solutions Web3 is bringing to the digital world. There was a massive turnout at the first event, held on August 28th, attracting people who wanted to know more about developments within Web3 and blockchain.

Crypto Oasis wants arte, a Web3 Meta-Community initiative, to become a global platform that will foster creativity, entrepreneurship and collaboration across borders, by shining a spotlight on prominent voices from the art and crypto communities. The series of talks also seeks to expose some of the myths that surround Web 3 and decentralised technologies by educating a large target audience about the cultural phenomenon of NFTs, the Metaverse, and Blockchain. TODA, using its state-of-the-art technology, comes in to present a sophisticated and cutting-edge way of seeing NFTS and Blockchain art and at the same time, creates an oft-missed link between digital and traditional art forms.

"We are thrilled to be partnering with TODA," commented Ralf Glabischnig, Founder of Crypto Oasis. "arte Talks will bring together like minded individuals and Web3 communities to create an environment that will enable individuals in the art and technology space. We expect this partnership to bring us one step closer to spreading Web3 and Blockchain adoption and awareness."

The pilot event featured exciting speakers who explored NFTs through unique lenses. The first talk was given by award-winning artist Amrita Sethi, whose claim to fame is being UAE's first NFT artist and visionary. Amrita turned her back on corporate life to pursue a deeper calling, leading to the creation of a new multimedia art form, called "Voice Note Art", which is now called "SoundBYTE". Her thought-provoking talk included topics like human behaviour and their understanding of art and technology. She talked at length about brand adoption and how NFTs and the Metaverse can seamlessly integrate into our lives, much like the Internet.

The second arte Talk was given by Patrick Mortiz, or PRM, the creator of Dubai Peeps, an avant-garde NFT project. His artistic speciality is moulding ultra-realistic sculptures out of clay. PRM shared deeper thoughts on the digital art space and how it can provide opportunities for both digital and traditional artists.

arte Talks has been launched at a crucial time as the world becomes increasingly tied to the digital asset market since the rise of NFTs in 2020. NFTs and the Metaverse are set to transform our futures and will continue to disrupt both the digital and traditional art worlds. arte offers exciting opportunities for creatives, visionaries and artists who seek to grow their brands and advance the regional digital economy. TODA is the ideal partner in arte's journey to seamlessly connect the art community with blockchain and finance professionals.

Daria Prodaevich, Managing Director of TODA said: "At TODA it is our mission to make complicated concepts easier for everyone. We strive to educate our community and increase awareness of the utilization of WEB3 space. arte Talks enables us to bridge the gap between the art sphere and the decentralized domain of blockchain- as well as the opportunities within it."

arte Talks will bring together the crypto community of Dubai again this month for another fascinating talk and it will spotlight some of the most exciting, emerging voices in art and blockchain. For anyone interested in taking part in arte Talks and becoming a speaker to explore and share knowledge, please apply on the following website – https://arte.community/speak-at-arte-talks

This initiative is supported by Gulf Business and GB Tech Talk (A Gulf Business brand)

About arte

arte is a Web 3.0 Meta Community initiative by Crypto Oasis. It is a digital pioneer that will enable collaborations and knowledge sharing among the Web3 community, which includes artists, finance professionals, investors, collectors, blockchain specialists, and Metaverse enthusiasts. It will help them stay updated with the latest news and trends and will also work on educating the wider public on blockchain technologies. arte will provide a space for the development of Metaverse, blockchain, and NFT (non-fungible token) solutions.

About TODA

The Theatre of Digital Art (TODA) is the UAE's first digital art theatre that offers a 360 degrees immersive experience to its visitors using state-of-the-art technology. TODA takes you into an immersive way of appreciating masterpieces from the world's most notable artists and contemporary digital creatives. It aims to make complicated new concepts simple and uses an innovative format to present the world's art. TODA provides people with the best of what the art of the future can offer.

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Liti Capital: The Hidden Gem of Digital Assets is Hidden No More

GENEVE, CH, Aug 31, 2022 – (ACN Newswire) – Liti Capital SA, the Swiss-based Litigation Funding specialist pioneering a new business model through the tokenization of its equity, has today provided a performance update following its recent announcement to pivot its focus away from its wLITI ('wrapped' LITI) token.

On 1 July 2022, Liti Capital notified its token holders that it would be pivoting its focus away from its wLITI token, and instead placing its efforts entirely on LITI, its highly acclaimed equity token (also referred to as a 'security token').

The announcement means that all LITI token holders are now unable to wrap and convert their LITI into wLITI tokens (the deadline for such conversions was 20 July 2022).

The reverse conversion however, (that is, converting wLITI to LITI), remains unaffected, subject to the holder passing the KYC process that buying LITI entails.

The Company Board's strategic decision to be 'all things LITI' acknowledges that the LITI token is the company's 'hidden gem' – yes, that it is the LITI token empowering opportunities and benefits that far surpass those of any other digital asset.

Liti Capital's unique business model, which provides LITI holders with sizable payouts when assets are realized, is what most excites token holders who grasp the notion of Litigation Funding and who appreciate Liti Capital's unique and disruptive approach within the sector.

In fact, Liti Capital's unique business model has been instrumental in determining the action that has been taken by the majority of wLITI holders following the company's 'pivot' announcement–"A large proportion of wLITI holders have converted their token over to LITI. The current circulating supply of wLITI now represents less than 20%; a huge decrease from two weeks ago when it represented 85%."

This voluntary behavior among Liti Capital token holders demonstrates that they truly understand and appreciate the real value and opportunity of LITI – and of Liti Capital itself.

What's more is that the overwhelming conversion from the wrapped token to the equity token was made before token holders were informed that Liti Capital has made significant progress in listing its LITI token on Taurus, one of the world's leading digital asset platforms.

The listing of LITI on Taurus Auction will be at a price that accurately corresponds to the company's true valuation. Of course, the development of liquidity options will take a little time, but will provide far more appealing solutions than before.

Speaking of the recent 'pivot' and the positive reception it has received from current token holders, Andy Christen, Co-founder and CEO of Liti Capital, comments:

"The executive team took time to reflect deeply on Liti Capital's first year of existence. We considered and evaluated what has worked well and what needed adjusting. Having the opportunity to list one of the first equity-backed tokens in history is a crucial milestone in the company's development and success."

"Our new focus aims to reduce the selling pressure on wLITI, to remove wLITI tokens from the circulating supply, and to increase the price of wLITI whilst reducing the discrepancy in price between LITI and wLITI.

"We have learned a lot by issuing a tradable 'stock option' in the form of wLITI. Indeed, it has proved that liquidity can be attractive in the Litigation Funding space – yes, we were able to achieve an average of $18M USD in monthly trading volume."

There are other facets of Liti Capital and LITI that compelled wLITI holders to convert to LITI without question.

First, LITI token's underlying asset class is that of Litigation Funding.

Indeed, Litigation Funding consistently outperforms all other asset classes in terms of returns – asset classes including gold, stocks & shares, real estate, and Bitcoin. Also, Litigation Funding has an overall low-to-zero correlation to external financial markets, and is considered countercyclical to them, meaning that the industry often performs better in economic downturns.

Take COVID-19, for instance. According to The Financial Times, the pandemic could potentially provoke an unprecedented rise in claims that are anticipated to linger far beyond 2022.

Of course, Litigation Funding in its own right – as a high-performing and low-risk asset class – is one appealing aspect that investors take into consideration. The second aspect, with an equally important role to play, is underlined by the ability of a Litigation Funding company to operate efficiently, to pioneer, and to deliver outstanding performance in all facets of its business.

And here, once again, Liti Capital ticks all the right boxes.

For example, one of the most important elements to running a successful Litigation Funding company lies in its ability to source and select 'investable' legal cases.

In this area, Liti Capital's ability is, arguably, completely unrivaled by all other Litigation Funding companies.

Liti Capital places significant attention on its portfolio construction and diversification. Through a mixture of human intervention and proprietary AI (artificial intelligence), the company has built an enviable pipeline of legal cases with a total winnable value in excess of $15 billion, spanning several sectors and diverse legal matters. This is, of course, on top of the four cases it has already invested in.

Web: https://liticapital.com/

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

NextPlay Technologies’ NextBank and Alphabit’s ABCC Cryptocurrency Exchange Complete Collaboration, Expanding NextBank Regionally and Towards Banking for the Digital Community

SUNRISE, FL, Aug 25, 2022 – (ACN Newswire) – NextPlay Technologies, Inc. (Nasdaq: NXTP), a digital native ecosystem for finance, digital advertisers, and video gamers, announced today that NextBank International, Inc. ("NextBank"), the international banking unit of NextPlay's fintech division, has structured and signed a Collaboration Agreement with Alphabit Consulting Pte. Ltd. ("Alphabit"), formally launching the process of bringing deposit accounts and payment cards to members of Alphabit's ABCC cryptocurrency exchange ("ABCC").

The signed agreement creates an opportunity for tens of thousands of ABCC customers to open NextBank accounts and represents the first partner onboarding since NextBank revamped its operating systems to support this type of scalability. Once implemented, ABCC Exchange customers will be able to convert cryptocurrencies to, and use NextBank accounts to transact in, fiat currencies, and also use NextBank prepaid cards that will allow ABCC Exchange customers to transact in fiat currencies using their crypto assets. In the future, subject to NextBank's and ABCC's receipt of necessary regulatory approvals, the parties intend to provide an additional opportunity for ABCC customers to apply for payment cards under which approved customers will have the ability to borrow funds from NextBank, which borrowings are to be secured by cryptocurrencies held by the customer in a separate account at ABCC.

Alphabit has built a broad global user base with ABCC. As a Singapore-based cryptocurrency exchange operator, Alphabit has submitted a license application under the Payment Service Act 2019 to provide account issuance services and digital payment token services as it continues to operate under a license exemption.

Todd Bonner, chairman of the board of directors of NextPlay Technologies and head of the company's fintech division, stated: "Last month our team implemented improvements in NextBank's core operating infrastructure, significantly expanding the capabilities of our Fintech division, including for mobile and online banking. We intend to continue that improvement by seeking regulatory approval to add insurance products and block chained assets to our banking services. With the ABCC relationship, we have the potential to expand NextBank's deposit base and depositor count to many multiples of their current level. The relationship with ABCC is expected to provide us with the opportunity to offer credit to this emerging class of high-net-worth crypto investors. Soon, we expect to offer unique insurance products and well-underwritten and currently not easily accessible real world alternative asset classes. We are very thankful to Calvin and his excellent team for offering us a chance to grow with ABCC."

ABCC president, Calvin Ng, stated: "We started discussions with NextBank earlier this year seeking their financial services due to their architectural design, international online banking capabilities, and their positioning in the international online banking marketplace. We believe that such a cooperation between ABCC and NextBank will mark the beginning of a new paradigm in digital assets and banking, providing a new form of seamless services of the future. ABCC is very happy to secure this cooperation and encourages crypto exchanges globally to follow such a path."

About Alphabit and ABCC

Based in Singapore, Alphabit Consulting Pte. Ltd. operates the ABCC cryptocurrency exchange. ABCC is a leading crypto exchange that is exploring the future development of cryptocurrency projects for global users. It is working to create a world where cryptocurrency co-exists with traditional financial markets through robust Know-Your-Customers (KYC) processes. By engaging with reputable vendors, it seeks to deliver RegTech solutions that create a safe platform for its ABCC members. To learn more, visit abcc.com.

About NextPlay Technologies

NextPlay Technologies, Inc. (Nasdaq: NXTP) is a technology solutions company offering games, in-game advertising, and crypto-banking services to consumers and corporations within a growing worldwide digital ecosystem. NextPlay's engaging products and services utilize innovative AdTech, Artificial Intelligence and Fintech solutions to leverage the strengths and channels of its existing and acquired technologies. For more information about NextPlay Technologies, visit www.nextplaytechnologies.com and follow us on Twitter @NextPlayTech and LinkedIn.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of, and within the safe harbor provided by the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations, opinions, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including "will," "may," "expects," "projects," "anticipates," "plans," "believes," "estimate," "should," and certain of the other foregoing statements may be deemed forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. Factors that may cause such a difference include risks and uncertainties including, and not limited to, our need for additional capital which may not be available on commercially acceptable terms, if at all, which raises questions about our ability to continue as a going concern; current regulation governing digital currency activity is often unclear and is evolving; our and ABCC's ability to secure all necessary regulatory approvals to expand the partnership to its fullest, and intended, potential; the future development and growth of digital currencies are subject to a variety of factors that are difficult to predict and evaluate, many of which are out of our control; the value of digital currency is volatile; amounts owed to us by third parties which may not be paid timely, if at all; certain amounts we owe under outstanding indebtedness, which are secured by substantially all of our assets and penalties we may incur in connection therewith; the fact that we have significant indebtedness, which could adversely affect our business and financial condition; uncertainty and illiquidity in credit and capital markets which may impair our ability to obtain credit and financing on acceptable terms and may adversely affect the financial strength of our business partners; the officers and directors of the Company have the ability to exercise significant influence over the Company; stockholders may be diluted significantly through our efforts to obtain financing, satisfy obligations and complete acquisitions through the issuance of additional shares of our common or preferred stock; if we are unable to adapt to changes in technology, our business could be harmed; if we do not adequately protect our intellectual property, our ability to compete could be impaired; our business is susceptible to risks associated with international operations; unfavorable changes in, or interpretations of, government regulations or taxation of the evolving Internet and e-commerce industries, which could harm our operating results; risks associated with the operations of, the business of, and the regulation of, Longroot and NextBank International (formerly IFEB); the market in which we participate being highly competitive, and because of that we may be unable to compete successfully with our current or future competitors; our potential inability to adapt to changes in technology, which could harm our business; the volatility of our stock price; and that we have incurred significant losses to date and require additional capital, which may not be available on commercially acceptable terms, if at all. More information about the risks and uncertainties faced by NextPlay are detailed from time to time in NextPlay's periodic reports filed with the SEC, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, under the headings "Risk Factors". These reports are available at www.sec.gov. Other unknown or unpredictable factors also could have material adverse effects on the Company's future results and/or could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made only as of the date hereof. The Company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by fourth parties that are not paid for by the Company. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

Company Contacts:
NextPlay Technologies, Inc.
Richard Marshall
Director of Corporate Development
Tel: (954) 888-9779
Email: richard.marshall@nextplaytechnologies.com

Alphabit Consulting Pte. Ltd
Alan Li
Chief Executive Officer
Email: alan.li@abcc.global

SOURCE: NextPlay Technologies, Inc.

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Paribus (PBX) Announces Multichain Integration and Partnership

MIAMI, FL, Aug 25, 2022 – (ACN Newswire) – As our regular readers know we've been using the extra time our testnet deployment afforded us to equip Paribus with the optimal conditions for our mainnet launch. As part of that process, we're absolutely thrilled to share with the community that we've partnered with Multichain so that our PBX token can now be bridged to Arbitrum, Milkomeda, and Polygon.

Cross-chain interoperability has always been at the heart of everything we hope to achieve and it's incredible that we've already reached this milestone. Development teams from both Paribus and Multichain have worked tirelessly to ensure the success of this move, going above and beyond our wildest expectations.

Multichain is a leader in terms of security, cross-chain speed, and costs. Since its foundation, it has evolved from a 1:1 cross-chain bridge to an innovative cross-chain router system that interconnects multiple chains. It offers an advanced and real-time Cross-Chain Router Protocol (CRP) system that supports the interoperability of tokens, NFTs, and general data across multiple chains.

For PBX holders the minimum volume required for a cross-chain transaction through the router is between 2,847 PBX and 9,412 PBX depending on which chain the bridge is between. Likewise, the maximum amount per transaction is 180,000,000 PBX to 2,747,026,344 PBX, again depending on the chain that's being bridged to.

The transaction speeds are incredible too, with most transactions arriving within 10-30 minutes. Larger transactions may however take up to 12 hours to arrive. The definition of a large transaction varies from 1,000,000 PBX to 549,405,268 PBX depending upon the chain that it's bridging to.

For those unfamiliar with Multichain, they may remember its previous name, Anyswap, which was founded in July 2020. Anyswap started life as a cross-chain decentralized exchange, however, seeing the strength of its development in cross-chain solutions it pivoted to specialize in bridging infrastructure.

They now provide a cross-chain router service that has a strong track record in terms of both speed and security, having quadrupled their speed of transactions over time. Significantly for Paribus, they also operate a non-custodial approach using Multi-Party Computation (MPC) technology. In practical terms this enables users to keep their full private key secret during interactions with the bridge. Because Multichain is non-custodial it means that it can't take control of users' assets, which is something we've seen happen with other platforms.

As our CTO Simon recently explained in relation to DAOs controlling users' assets, "Deciding to control another person's wallet without their permission isn't something that I feel should be acceptable." As such it was hugely important to us that the bridge provider we partner with operates on a non-custodial basis and we're delighted things have worked out so well with Multichain.

Another crucial factor for us is the approach that Multichain takes towards its security. As we all know nothing in the blockchain space is ever 100% secure. Exploits and vulnerabilities are regularly exposed and as such, we take a very cautious approach to security.

In addition to being audited by TrailOfBits, SlowMist, PeckShield, DEDAUB, and BlockSec, Multichain also operates a bug bounty program and a security fund. The bug bounty program incentivizes the reporting of bugs from the community and the security fund is intended, "to provide protection for system operation and financial security in the event of unforeseen risks". Their security audits are available for anyone to review:
GitHub: https://github.com/anyswap/Anyswap-Audit

We're sure you'll be as delighted as we are to welcome our new strategic partnership with Multichain. Together we can help drive forward the future of interoperable DeFi.

Click the link below for the Multichain app. Liquidity will be provided by the Paribus team in the coming days: https://app.multichain.org/#/router

About Paribus

Paribus is a cross-chain borrowing and lending protocol for NFTs, liquidity positions, and synthetic assets, powered by the Cardano blockchain and is traded on Kucoin, Gate and Uniswap. https://Paribus.io

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

GamesCoin Group’s Gaming Revolution is Moving Ahead at an Unstoppable Pace

BERLIN, Germany, Aug 23, 2022 – (ACN Newswire) – Their worldwide promotional roadshow "MOMENTUM" will be continued as part of Gamescom in Cologne – the gaming metaverse will be presented at the exhibition.

Alex Suárez, CEO & Founder, GamesCoin Group

Key highlights:
– GamesCoin Group has built the first 'Play to Own' Metaverse Platform on the Blockchain.
– The company has launched the GamesCoin LAB to experiment and develop different innovative and disruptive ideas.
– The next stop of their international promotional tour is at Gamescom in Cologne, from August 24 to 26, 2022.

Alex Suarez, CEO and founder of GamesCoin Group, is rewriting the history of gaming by simply merging gaming with modern blockchain technology. The immersive game world gives players full control over all assets they unlock or acquire in the game and allows them to benefit from their in-game achievements. GamesCoin Group positions itself as the pioneer and a true game changer in the blockchain gaming industry as it works with disruptive tech that incorporates metaverse and Web 3 experiences.

GamesCoin Group is providing a comprehensive ecosystem for gamers, game developers, publishers and advertising partners built on the GamesChain – its own Ethereum-based blockchain. The Hub will enable players to seamlessly move between different games and virtual worlds using NFTs and digital assets to play. Users can also effortlessly create and own their gaming experience in an open and scalable metaverse with a higher level of interactivity. A key component is their GamesCoin token, an integrated currency in all worlds of the Hub.

The world's first 'Play to Own' metaverse hub for gaming on the blockchain requires increased agility and reduced reaction times. The company has launched the GamesCoin LAB, which is a think tank focused on experimentation for innovation. Experts from various disciplines, gamers and like-minded people from all around the globe meet here to contribute to the development of GamesCoin and its digital gaming ecosystem. The small-scale successes become reliable building blocks during the execution of the innovation. From the design of new games, digital asset related developments or the further refinement of decentralised technologies, the GamesCoin LAB is where ideas transform into practical applications.

"The GamesCoin LAB gives us the opportunity to invite people to join us in shaping the evolution of gaming according to their own aspirations. In doing so, we not only appeal to experienced contributors but also give the next generation the opportunity to bring their ideas to the table, shape new gaming experiences and profit from their success." said Alex Suarez, CEO & Founder, GamesCoin Group.

As part of its international promotion tour MOMENTUM, the GamesCoin Group is making its next stop at Gamescom in Cologne. The company will welcome its visitors from August 24 to 26, 2022, and present the current state of its developing gaming metaverse to the trade audience.

About GamesCoin Group

GamesCoin is unlocking an ecosystem for a whole new gaming world by combining blockchain and gaming in innovative ways to enable a digital cosmos offering countless opportunities – from multi-utility NFT marketplaces for gaming items to cross-game promotions. Extremely secure, compliant and user-friendly wallet technology enables gamers and partners great accessibility to this next-generation gaming ecosystem.
Web: https://gamescoin.io

CONTACT
GamesCoin Group
Christian Schon / CCO
13587 Berlin, Germany
info@gamescoin.io
gamescoin.io
momentum.gamescoin.io
T +49 30 439 73 82 80

Source: Plato Data Intelligence: https://platodata.ai

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

UREEQA’s partnership with La Flor Dominicana for an unprecedented NFT campaign with real world utility – Sells for $90,000

ONTARIO, CA, Aug 22, 2022 – (ACN Newswire) – UREEQA teamed up with renowned cigar manufacturer La Flor Dominicana for an exclusive, limited-edition NFT drop. And so far, it's been a tremendous hit.

Earlier last week, La Flor Dominicana and UREEQA launched a first of its kind NFT drop that provides an opportunity for seven people across the world to become the exclusive buyers of the Andalusian Bull – The Golden NFT, allowing them to purchase up to 70 cigars per month. The original buyers of these seven NFTs will also receive a personalized 50-count Gold Bullion Humidor filled with cigars.

Auctions for five of the seven have been completed, with prices hitting $90,000. The auctions themselves are taking place on the UREEQA marketplace and can be accessed at https://bit.ly/UREEQAXLFD.

Those who purchase The Golden NFT on the UREEQA Marketplace won't just be comforted by the fact the digital asset and related utilities have been protected by UREEQA's patent pending validation service, but they'll also gain the exclusive right to buy the newly created Andalusian Bull — a special LFD cigar that is not available on the cigar market.

What is The Golden? It is a never-before released Lonsdale version of the famed Andalusian Bull; which pays homage to Spain, the birth country of company founder Litto Gomez and was named Cigar Aficionado Magazine's Cigar of the Year in 2016.

"Personally, it's my favorite cigar," said Tony Gomez, Vice President of La Flor Dominicana. "There is just something special about the Lonsdale, I think it's the most beautiful cigar size, and when combined with the Andalusian Bull blend there emerges an elegance and depth of flavor that is nothing short of spectacular."

The 42" x 6.25" Lonsdale has, until now, been a private blend that Litto Gomez and his son Tony have kept for themselves and their friends. That is changing; altogether, seven NFTs will be minted and auctioned off. Those who purchase an NFT will gain the right to buy up to 70 of these cigars per month for as long as they own the NFT. La Flor Dominicana guarantees that these seven NFT owners will be the only people in the world who can buy The Golden directly from them. Owners of the NFTs will be allowed to re-sell the digital asset in the future, transferring the right to purchase the cigars to a new owner.

"La Flor Dominicana is an adventurous, creative brand entering uncharted territory with an NFT release that is historic and unprecedented in their industry," UREEQA Chief Marketing Officer Shannon Powell said. "We're happy that they've recognized we can offer LFD and their clients the ultimate protection and guidance for their highly anticipated release. This is the beginning of something big!"

UREEQAs patent pending validation service verifies the authorship, ownership and originality of any asset that can be tokenized. From cigars to digital art, the integration of people, processes and technology works in tandem to maintain the integrity of an NFT. This creates more value and trust for sellers and purchasers; especially for an industry navigating into the unfamiliar world of digital assets.

"Our industry is rather old school, and we realize that this idea will expose a lot of people to a totally unknown world," said Gomez, "so being able to provide a safe, secure platform for bidding and purchasing that offers assurances regarding authenticity is extremely important. The way we see it, these NFTs aren't just access to a special cigar — they are an investment and UREEQA's validation services provide protection on that investment."

It doesn't get much more important than that and to the Gomez family and the LFD brand, it's personal.

La Flor Dominicana was founded by Tony's father, Litto Gomez, and his stepmother, Ines Lorenzo Gomez in 1994. In a relatively short lifespan, the brand has managed to compete with generational cigar brands that have been around for lifetimes. Still, the company's focus has always been on quality over quantity.

"We never make more cigars than we can," Tony Gomez said, "even if demand far exceeds production, which it always does. And we control the entire process behind our products, which includes owning both our own farm and factory."

That is being employed in full force for La Flor Dominicana's Golden NFT release, resulting in one of the most unique and secure NFT drops in history. You still have a chance to jump in!

NFT release schedule:
Each NFT will be released one at a time with a 48-hour window.
#1 – 8/11 – Completed at $85,000
#2 – 8/13 – Completed at $78,000
#3 – 8/15 – Completed at $90,000
#4 – 8/17 – Completed at $90,000
#5 – 8/19 – Drops at Noon 8/21 EST
#6 – 8/21 – Drops at Noon EST
#7 – 8/23 – Drops at Noon EST

About UREEQA

UREEQA strives to protect creators' work, their rights and their revenue through the process of validation when harnessing the power of secure blockchain technology.

Established in Canada in 2020, UREEQA advances an always evolving secure digital ecosystem of people,
processes and technology – trusted and unique – that enables Creators to efficiently and affordably protect, control and monetize their assets, anywhere around the world.

Wielding best-in-class processes, UREEQA mints NFTs that prove and validate any original creation can be tokenized through a Package of Proof, verifying the authorship, ownership and originality for source creative work. Performed by unbiased, third party validators and attested by the Creator, this NFT empowers Creators to securely monetize their assets on the blockchain while giving buyers reassurance of authenticity.

At the heart of the UREEQA global digital ecosystem is URQA, the token that innovatively brings value and opportunities for the creator community, validators and token holders.

For more information on UREEQA and upcoming announcements, please visit our website, join our Telegram channel and Discord server, and follow us on Twitter, Instagram and LinkedIn.

– Website: https://www.ureeqa.com/
– Discord: https://discord.com/channels/756566642418384906/824682437417369654
– Instagram: https://www.instagram.com/ureeqa_inc/
– LinkedIn: https://www.linkedin.com/company/ureeqainc/
– Telegram: https://t.me/UREEQA
– Twitter: https://twitter.com/UREEQA_Inc

About La Flor

La Flor Dominicana was founded in 1994 in Santiago, Dominican Republic by husband and wife team Litto and Ines Gomez and remains a family business to this day. Over the years they have developed a wide range of award-winning blends to fulfill the ever-changing needs of today's cigar smokers. Their well-known quality and consistency is made possible through their philosophy of vertical integration. From the seeds planted on their farm to the cigars rolled in their factory, they have achieved a rare level of control over every process behind their products. https://laflordominicana.com/

Disclaimer:
Statements in this article, including any statements relating to UREEQA's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in technology development and commercialization. As a result, actual results may vary materially from those described in the forward-looking statements. Do your own research!

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com