Global Mofy Metaverse (Nasdaq: GMM), 3D Digital Assets Operator, Debuts on Nasdaq

BEIJING, Oct 12, 2023 – (ACN Newswire) – Global Mofy Metaverse (Nasdaq: GMM), a virtual technology company, successfully listed on the Nasdaq on October 10 under the stock symbol “GMM”. Global Mofy becomes only the second Chinese listing in the U.S. market since the March 31 ruling for companies that register with the CSRC* in advance and get approval from their industry regulator before listing overseas. Global Mofy is a technology company that has taken virtual digital assets as its core and uses digital technology to provide customized services for the metaverse industry, establishing various advantages around virtual content production, digital marketing, digital asset development, and technology solutions for the metaverse industry. The company is committed to establishing China’s largest high-precision virtual digital asset property rights bank and working with upstream and downstream industry participants to build a new generation of metaverse digital world.

Unique Advantages in Technological Innovation and Wide Range of Application Scenarios

According to a Frost & Sullivan report, Global Mofy is one of China’s leading digital asset banks, with over 7,000 high-precision 3D digital assets. These digital assets have diverse application scenarios and can meet the needs of different industries and users. Whether in the fields of virtual reality games, film and television entertainment, digital marketing or education and training, Global Mofy can provide a rich and diverse range of digital assets to bring users a more immersive and personalized experience.

Global Mofy Metaverse (Nasdaq; GMM) brings virtual content production, digital marketing, digital asset development, and technology solutions for the metaverse industry to the Nasdaq. (Image: Global Mofy) — Global Mofy Metaverse (Nasdaq; GMM) brings virtual content production, digital marketing, digital asset development and technology solutions for the metaverse, to the Nasdaq. (Image: Global Mofy)

Through continuous technological innovation, Global Mofy continues improving its metaverse competitiveness. Its unique, independently developed “MofyLab” technology platform integrates multiple underlying tool systems to convert people, objects, and fields in the real world into digital assets common in the virtual world. The one-stop function of the metaverse editable middle platform assists customers in generating virtual content and empowers the upstream and downstream enterprises in the metaverse. Integrating the latest three-dimensional (3D) reconstruction technology and artificial intelligence (AI) interaction technology provides users with high-precision, high-definition virtual 3D objects. These objects can be widely used in different applications, but their resolution has reached the 4K level, comparable to movie-level quality, bringing users an immersive virtual experience.

Global Mofy’s virtual content production, digital marketing and digital asset development technology solutions can play a role in multiple application scenarios. With its technological advantages, Global Mofy can also provide enterprises with innovative digital marketing solutions, helping enterprises enhance their brand image and expand market influence through virtual reality, interactive experiences, virtual exhibitions, data analysis and personalized recommendations, and virtual social networking to establish closer interactive relationships with users.

Market Potential for the Metaverse and Accelerating Industry Evolution

The current global Metaverse industry is accelerating its evolution. By 2030, the global Metaverse market is expected to reach US$1.5 trillion. Metaverse, as a new form of interaction and integration between the virtual and real worlds, can revolutionize the office, social and industrial scenes. In terms of industrial Metaverse, smart manufacturing is expected to accelerate the development of related technologies through the development of Metaverse, pushing the global market size to exceed US$540 billion by 2025.

In terms of consumer Metaverse, Global Mofy can leverage the immersive virtual world experience of Metaverse to provide richer and more innovative educational content and learning experiences. In the industrial Metaverse, Global Mofy can interact and integrate with the real economy to provide solutions for digital transformation and upgrading of real industries. Recently, the Ministry of Industry and Information Technology and other ministries and commissions jointly issued the “Three-Year Action Plan for the Innovative Development of the Metaverse Industry (2023-2025)”, which presents a clear strategy to promote high-quality development of the Metaverse industry, and Global Mofy, as a director of the Industrial Metaverse Collaboration and Development Organization, is actively responding to the national policy, and will contribute to the development of the action plan. Global Mofy, as a member of the Industrial Metaverse Synergy Development Organization, will contribute to developing the action plan.

Clear Growth Strategies and Sustainable Financial Performance

According to the information disclosed in the prospectus, during the 2020, 2021 and 2022 fiscal years ending on September 30, Global Mofy’s total revenue steadily grew, reaching US$5.04 million, US$14.27 million and US$17.19 million, respectively. From the revenue growth perspective, the company has maintained a yearly growth rate of over 20%, showing stable performance.

Specifically, the company’s virtual technology service revenue in fiscal year 2022 was approximately US$12.54 million, accounting for 72.9% of total revenue; Revenue from digital marketing was approximately US$632K, accounting for 3.67% of total revenue; revenues from digital asset development and other business were approximately US$4.02 million, accounting for 23.40% of total revenue.

These data show that Global Mofy has a strong market share in the field of virtual technology services. According to the prospectus, with its advanced 3D reconstruction and AI interaction technology, Global Mofy has obtained national high-tech enterprise certification from the Beijing Municipal Science and Technology Commission and the Zhongguancun Science and Technology Park Management Committee. In addition to continuously optimizing technology, the company plans to accelerate the development of digital assets and expects to convert at least 10,000 assets per year to expand its competitive advantage.

Global Mofy’s future goals also include maintaining and further developing business relationships with customers and potential players in the Metaverse industry. Over the years, the company has established solid cooperative relationships with upstream and downstream enterprises in the industry. Its founding team has established close ties with leading Metaverse platforms such as Tencent and Alibaba in China. In addition, Global Murphy has also established business relationships with content companies in different fields, such as Youku, Perfect World, Wimi Hologram, and more.

According to the prospectus, in order to implement its business strategy, Global Mofy plans to acquire or cooperate with similar digital asset providers within 1-2 years after listing to expand its digital asset content. The company believes that there are currently only a few independent high-definition 3D digital asset providers worldwide, and most of their performance is mediocre due to outdated operating concepts.

With its continuous development of virtual technology and digitalization, GMM is expected to expand its market share by listing on the Nasdaq. The funds raised will be invested in further technology R&D and market penetration to continue increasing revenue and profitability and begin a new round of growth.

*China Securities Regulatory Commission (CSRC)

Media Contact
Global Mofy Metaverse Limited
Ms. Janice Wang
Tel: +86 13811768599, +1 628 283 9214
Email: jwang@wealthfsllc.com; gm@mof-vfx.com
Website: https://www.globalmofy.cn

HFR Supplies Private 5G for the ‘Metaverse-Based Industrial Advancement Project’ in Sacheon Aviation Complex

SEOUL, S.KOREA, Sep 13, 2023 – (ACN Newswire) – HFR, Inc. (KOSDAQ 230240), a leading Private 5G solutions provider, announced that it will supply a converged Private 5G and Wi-Fi 6E network for the "Metaverse-based Industrial Complex Advancement Project" in South Korea.

This project develops specialized Metaverse applications for the aircraft manufacturing collaboration system. These applications and the network help to expand business platforms and advanced value chain collaboration for companies across the industrial complex. Through this project, member companies of the Aviation Industrial Complex are improving productivity by utilizing a differentiated wireless infrastructure, including both Private 5G and Wi-Fi 6E networks for aircraft manufacturing improvements.

HFR's my5G(TM) private wireless solution is a pre-integrated 5G management platform, SA Core and RAN, which is optimized for enterprise customers. By combining Metaverse technology and Private 5G, HFR helps to implement a smart factory environment by leveraging metaverse-based work process advancements and digital conversion of the work environment.

Working closely with government officials of the KyungNam Techno-Park to support this project, HFR delivered a successful proof of concept by building a Private 5G network in the Regulations Free Special Zone to help facilitate the digital transformation of companies in the industrial zone. HFR's goal is that the additional infrastructure to be built for the "Metaverse-based Industrial Complex Advancement Project" will continue to serve as the foundation for the Metaverse ecosystem of the manufacturing industry in South Korea.

Cho Beom-Geun, Head of HFR's Product and Service Division, who is in charge of the project, stated, "Private 5G is extremely important in the enablement of the manufacturing industry to implement Metaverse applications and an Industry 4.0 work environment to achieve drastic improvements in overall productivity. HFR, as a digital innovation partner of small and medium-sized enterprises and public institutions, will make significant contributions towards manufacturing innovation in the KyungNam Industrial Complex."

About my5G(TM): HFR's my5G solution is a pre-integrated Private 5G system. The 3GPP-compliant packaged solution includes key components such as vCore, vCU/DU, indoor and outdoor radio units, plus integrated CPE devices with a complete service & network management platform. HFR is deploying my5G in critical applications such as IIOT in a nuclear power generation site in Korea, railway solutions in Japan, as well as across several factory and industrial complexes.

About HFR, Inc.: HFR, Inc. (KOSDAQ 230240) is the leading ICT equipment vendor in Korea, offering a full range of optical transport, broadband access with WiFi products, and Private 5G. For the last 23 years, HFR has provided innovative products to the world's largest mobile operators. HFR has established strong partnerships with Korean mobile operators, resulting in leading-edge technology, field-proven deployments, and expansion into the global market. For more information, visit www.hfrnet.com.

Contact Information
Peter K. Cho
Global CTO, HFR
peter.cho@hfrnetworks.com
+1 469-703-0861

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

1MetaWorld and EQBR launch Strategic Joint Venture to Accelerate Web3 Adoption

SINGAPORE, Sep 6, 2023 – (ACN Newswire) – 1MetaWorld (1MW), a member of ONERHT, and EQBR, a leading Korean Web3 technology firm, have launched a strategic Joint Venture (JV) to accelerate the regional adoption of Web3 with Singapore as the epicenter.

Witnessing the signing ceremony were Mr. Lee Jung Geun (back, L), Chairman of EQBR Group and Mr. Tan Chong Huat, Chairman of RHT AlDigi Financial Holdings. Signing the agreement were Mr. Cheong Seongkoo (front, L), CEO of EQBR Networks Pte. Ltd. and Mr. Lee Seck Hwee, CFO of 1Metaworld Pte. Ltd.

ONERHT through its investments and development of Recognised Market Operator SDAX, a digital asset exchange, and ACX, a global digital carbon exchange, has already demonstrated its ambition in developing the digital economy and this once again is aligned with the Monetary Authority of Singapore's push to safeguard and advance best practices and technical standards for Singapore's financial system through Project Guardian.

About the Joint Venture

The JV aims to focus on tangible and operational Web3 business opportunities such as:

– Tokenization of Real-world Assets: Including maritime assets, real estate, and art. This provides liquidity, fractional ownership, and global market access.

– Securitized Token Offerings: Fundraising via compliant token offerings, which have the potential for a wider investor base, reduced intermediaries, and real-time settlement.

– Web3 Payment Solutions: On-ramp and off-ramp payment solutions that facilitate cross-border multi-currency transactions. This has the potential for worldwide financial access and licensing to handle Central Bank Digital Currency (CBDC) for tokenized transactions.

– Close Collaboration: 1MW will work with AlDigi Technologies and the EQBR technology team in the development of the above solutions.

The Future is Web3

Mr Chen Jiejing, CEO of 1MW, said, "The future is undoubtedly Web3, but the transition from Web2 to Web3 is complex and time-consuming. With this JV, we're offering ready technology and a ready team for a world that's ready to make that transition."

"The JV is currently applying its solutions for regulated Securitised Token Offerings. We also see strong interest in Web3 solutions as businesses explore new opportunities, especially within lifestyle festivals and digital content distribution encompassing music, dance, fashion and entertainment," he added.

Technology, Finance, Governance and Legal Synergy

EQBR brings to the table its proprietary technology, Equilibrium, which powers its no-code Web3 infrastructure platform, EQ Hub. With over 1.5 million user downloads for its Whisper MSG, EQBR is a leader in enterprise blockchain technology.

Backed by ONERHT, an integrated multidisciplinary platform of professional and specialist services, 1MW powers Web3 innovation across its three pillars of digital finance, digital lifestyle creator economy, and Web3 commerce. The JV reflects ONERHT's continued focus on Web3 innovation, and brings deep expertise across finance, legal and corporate governance matters to support the JV's growth as a trusted Web3 platform.

Singapore, The Epicentre For The Global Digital Economy

Mr Cheong Seongkoo, CEO of EQBR Networks, said, "Following the MAS' revision of its stablecoin regulatory framework, we are confident that Singapore will lead the global Web3 revolution as digital asset ecosystems continue to strengthen further, enabling us to leverage on our first-mover advantage based on our established experience in Singapore."

1MW envisions a drive towards a decentralized regional P2P economy and aims to align this vision with existing regulatory frameworks, making Singapore the ideal location to launch this JV with regional aspirations as the adoption of Web3 innovation continues to accelerate across Asia.

For more information, please contact:
Chen Jiejing, CEO, 1MW, jiejing.chen@rhtgoc.com
Lee Min Ki (Michael), CMO, EQBR, mklee@eqbr.com

About 1MetaWorld

1MetaWorld is a member of ONERHT, an integrated multidisciplinary platform of professional and specialist services. 1MetaWorld aims to be the gateway for investors, consumers, and service providers in the Metaverse. It seeks to provide a secure transaction platform and curated lifestyle privileges for consumers and investors, as well as empower service providers with a plug-and-play secured mechanism to access opportunities in the Metaverse.

About EQBR

EQBR is a leading Korean technology firm specializing in Web3 technology. Its proprietary blockchain engine, Equilibrium, drives the core secure Web3 technologies in EQ Hub, a no-code Web3 infrastructure platform. For more information, please visit: www.eqbr.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Understanding CMGE’s (0302.HK) Path to Stable Growth from its Mid-term Report

HONG KONG, Sep 4, 2023 – (ACN Newswire) – On August 28, CMGE (0302.HK) held its mid-term performance conference for 2023. Xiao Jian, the Executive Director, Chairman and CEO of CMGE, announcing H1 2023 results, said CMGE's revenue reached RMB 1.535 billion, with a year-on-year growth of 24.6%; the profit attributable to the owner of the parent company during the period was RMB 56.824 million, and the net profit after adjustment was RMB 76.168 million, achieving a year-on-year turnaround.

In terms of the KPI, the monthly average active users of CMGE in the first half of 2023 increased to 15.627 million, with a year-on-year growth of 22.3%; the number of new registered users reached 48.683 million, with a year-on-year growth of 26.9%. The monthly average number of paid users and the monthly average revenue per paid user (ARPPU) also realized a year-on-year growth of more than 20%.

It is worth noting that the cost reduction and efficiency enhancement measures of CMGE have achieved new results continuously. Thanks to the application of AIGC technology, outsourcing costs in the independent R&D and distribution work of CMGE have been reduced by more than 30%, driving a decrease in the proportion of administrative expenses, while keeping the sales expense rate within 10%, further verifying the quality of growth.

In fact, in terms of a long term, CMGE has always been maintaining a stable rhythm, and its uniqueness lies in the stability. In several cycles, CMGE still maintains a consistent strategy and values: uphold the values of "integrity and trustworthiness, transparency and openness, deep thinking, and long-term strategy", and adhere to the mission of "casting high-quality products with love", becoming a company that is always full of love and creativity!

The stable operation of CMGE has become an example of long-term strategy: as a Chinese gaming company, CMGE deeply understands the needs of players, adheres to the unique advantages for a long time, insists on doing difficult and correct things, and relies on endogenous motivation to achieve long-term and stable commercial growth.

Long-term strategic layout: building long-term competitive barriers with IP as the core

The strategy of CMGE is to focus on IP and provide high-quality IP games for global players through independent and joint R&D, creating a highly competitive IP game ecosystem. It is understood that as the No. one player in the domestic IP game field, CMGE has outstanding advantages in accumulating copyright in IP game, including its own IPs represented by Legend of Sword and Fairy and Richman, as well as authorized IPs such as Rakshasa Street, One Piece, Dragon Ball Z, Hokage Ninjia, Hitman Reborn, and Soul Land.

"We believe that IP will definitely become an important resource and barrier to competition in the gaming industry," Xiao Jian stated at the conference.

In the second half of 2023, in the game market, it has become a consensus that the content will be refined and the cost for traffic and customer acquisition will continue to rise. Under the long-term trend of this industry, the value of CMGE' long-term layout around well-known IPs is accelerating to emerge.

According to the analysis of Anxin Securities, it is believed that IP games have relative advantages over non-IP games in terms of user acquisition, version approval, and profit potential. High IP awareness, wide fan base, and high "absorption" ability can effectively reduce the cost for game customer acquisition. IP has a clear worldview and mainstream values, and the version number has a higher "approval rate". IP based medium to heavy games have a longer lifecycle and greater payment depth. In summary, IP games have a higher success rate than regular games.

The financial report shows that in the first half of the year, CMGE achieved the intellectual property authorization revenue of approximately RMB 59.81 million, with a year-on-year growth of 94.4%. Among them, in the development of the IP for Sword and Fairy, CMGE comprehensively covers games, film and TV, anime, content literature, music, derivatives, and live entertainment and other fields, and collaborates with top partners in related fields to create an IP universe for Sword and Fairy.

Long-term independent R&D: reserve AIGC technology and adhere to independent R&D of products

The gaming industry is shifting from a traffic-based one to a content-based one. With the deepening trend of high-quality products in the gaming industry, excellent products have become the focus of competition.

Independent R&D is necessary for creating high-quality products. In addition to consolidating the IP core advantages, CMGE is also continuously enhancing its independent R&D capabilities, increasing R&D investment, exploring core independent technologies, building its own R&D team, and forming major R&D teams such as Starry Sky, Wenmai Interactive, SoftStar Technology, and Zhoujing Network. Data shows that in the first half of 2023, the investment in the R&D of CMGE was RMB 266.9 million, with a year-on-year growth of 30.6%.

A typical example is Sword and Fairy World. In order to create the first open world metaverse game with the theme of Chinese Paladin world, CMGE took 3 years for independent R&D and have invested RMB 300 million totally. At the same time, CMGE actively explored the AIGC technology empowerment, became one of the first-batch ecological partners of Baidu's "ERNIE Bot" in March, and reached cooperation with Microsoft in cloud computing, big data, Azure OpenAI and other fields in May to develop applications such as intelligent NPC and UGC+AIGC, so as to provide an immersive experience of "everything can interact" for players of Sword and Fairy World.

After years of persistent R&D and investment, CMGE is entering a harvest period of independently developed games.

In the second half of the year, the highly anticipated Sword and Fairy World has obtained a dual-end edition No. and is expected to be launched within 2023. At the same time, the integrated SLG game City Lord's World developed by Wenmai Interactive has entered the final testing stage. It successfully obtained a version No. in February 2023, and is planned to be exclusively released by Sanqi Mutual Entertainment in Q4 2023; the high-quality competitive sports game All-people Free Style independently developed by Zhoujing Network also obtained a version No. in May 2023, and is expected to be launched within 2023.

Epilogue

Looking ahead to the second half of the year, CMGE still shows a trend of high certainty and steady growth.

In terms of distribution business, the first large-scale multiplayer role-playing mobile game Soul Land: Shrek Academy, which is developed based on the IP of Soul Land, will be launched by CMGE in Chinese Mainland in the second half of the year; Besides, a simulated mobile game adapted based on the IP of Rural Love, named Rural Love Story, will also be launched.

In terms of R&D business, multiple independently developed games of CMGE have obtained version No. and entered the final testing stage before being launched online, including City Lord's World, All-people Free Style, and Sword and Fairy World.

In terms of IP operation, CMGE continues to explore the IP value of Sword and Fairy in film and TV, animation, and novels, and has reached a long-term strategic cooperation with Tencent Video to jointly create the race track of Chinese Paladin world and IP of Sword and Fairy; Collaborates with iQiyi on the film and TV drama Sword and Fairy IV; Collaborates with CITIC Publishing House to release a series of works on historical versions of Sword and Fairy as physical books. As the ecological value of IP universe of Sword and Fairy continues to expand, the growth space for IP licensing revenue is further opened up.

In 2022, due to the impact of the epidemic and version No., the China's gaming market experienced a double decline in revenue and users for the first time in the past decade. However, according to the 2023 China's Game Industry Report for the Period from January to June, the actual sales revenue of the China's game market in the first half of 2023 was RMB 144.263 billion, with a growth of 22.16% month on month. Obviously, there are signs of a rebound in the gaming market.

The gaming market is still a large market with hundreds of billions of dollars annually. The emergence of new technologies such as AIGC has also brought new impetus to the industry. However, no matter how the gaming market changes, CMGE insists on putting players at the center and IP at the core, working steadily, releasing and producing every high-quality product to bring players the ultimate gaming experience. The time will eventually witness the victory of our long-term strategy.

For further information, please contact:
PEANUT MEDIA LIMITED
Direct Line: +86-755-61619798 x8210
Email: hswh.project@czgmcn.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Swiss WEB3FEST 2023: The Convergence of Web3 Innovation and Collaboration

ZUG, SWITZERLAND, Aug 28, 2023 – (ACN Newswire) – Amidst the grandeur of the Switzerland United event, the Swiss WEB3FEST 2023 emerges as a focal point of transformative conversations and cutting-edge insights. From September 12th to 17th, in prime locations of Zug and Zurich, this visionary 6-day festival will captivate the imagination of trailblazers, investors, creators, and thought leaders alike.

At the nexus of this extraordinary gathering are two exceptional ecosystems, Crypto Valley and the Crypto Oasis. The Swiss WEB3FEST serves as a testament to their shared vision of ushering in the future of the internet. Crypto Valley, known for its pioneering role in blockchain and decentralized technologies in Switzerland and Lichtenstein, and the Crypto Oasis in MENA, a thriving hub for innovation, growth and advancement, come together to present an event that encapsulates the essence of Web3.

Web3 encapsulates the upcoming phase of the internet, encompassing a spectrum of cutting-edge technologies including AI, Blockchain, Cryptocurrencies, Gaming, Sustainability, IoT, Metaverse, NFTs, and beyond.

Ralf Glabischnig, initiator of WEB3FEST, commented: "Our vision for this festival is to combine the exceptional potential of both Crypto Valley and Crypto Oasis. Switzerland is an outstanding location for founders looking to provide a regulatory home for their blockchain and Web3 startups. The Middle East offers a brilliant platform for these startups to scale internationally. With the launch of WEB3FEST, we aim to establish an annual Web3 event series worldwide."

A Glimpse into the 6-Day Extravaganza

The festival sets off from September 12th to immerse participants and attendees in a dynamic journey through the diverse themes that define the Web3 realm.

– NFT ART DAY: The festival's curtain raiser on September 12th in Zug, will be a comprehensive survey exhibition of the Swiss NFT art scene and the inauguration of the Swiss NFT Timeline.
– Web3 Gaming and Metaverse: The event's second day invites attendees to dive into the realm of Web3 gaming and Metaverse projects. Engage with innovators and founders while gaining a deeper understanding of Internet Computer's role in shaping the future of gaming. This will be followed by a tribute concert to Amy Winehouse combined with an AI-generated experience at the renowned Volkshaus Zurich.
– Sustainability and Innovation: On the third day, the spotlight shifts to sustainability, and the role of AI and Web3 in building it. The European launch of The Green Block initiative, which underscores the festival's commitment to sustainability and lines up to the launch of the first The Green Block report leading up to COP28 in the UAE.
– Deep Dive Crypto Valley: Day four unravels the history of Crypto Valley in Zug with a deep dive into the ecosystem, with a focus on protocols and regulated digital assets businesses, where attendees can connect with the minds behind this vibrant blockchain hub. Engage in discussions with opinion leaders and investors over an exclusive brunch, lunch or dinner that follows.
– Ecosystem Unconference: Saturday, September 16th is all about connection and collaboration and open to the public to showcase tangible products and experiences. The Ecosystem Unconference, together with the Swiss NFT Association, welcomes forward thinkers from various domains. The Entire FIVE Hotel Zurich will be divided into experience areas focusing on AI, DeFi, Education, Longevity, Sustainability, NFTs, Real world Assets, Gaming and the Metaverse. This day will also witness the unveiling of the FIVE Zurich Metaverse by Pulse World.
– Curtain Closer: The grand finale of the WEB3FEST will be a Networking Event on Sunday at the FIVE in Zurich. Attendees will have the opportunity to network over brunch and later by the pool, providing a relaxed setting to reflect on the festival, forge new connections, and plan for the year ahead. It's the perfect ending to a week of innovation and collaboration.

Throughout the entire week, attendees will enjoy exclusive dining experiences, electrifying concerts, performances by international DJs, and abundant chances to connect with fellow members of the Web3 community.

The Swiss WEB3FEST is initiated by Inacta Ventures, Crypto Oasis Ventures, The Crypto Valley Association, Trust Square, co-hosted by The Internet Computer and is supported by the City and Canton of Zug in Switzerland.

Mark your calendars for an unparalleled journey that transcends borders, embraces collaboration, and defines the Web3 era. Registration and detailed event information are available at www.web3fest.ch

About WEB3FEST

The WEB3FEST is a series of events designed to shed light on the core themes of Web3, shaping the future of the internet's next generation. Covering topics such as AI, Blockchain, Digital Assets, Cryptocurrencies, Gaming, Sustainability, IoT, Metaverse, NFTs, and more, the festival offers a comprehensive platform to foster innovation and advance networking.

About Crypto Valley

Situated in Switzerland and Liechtenstein, Crypto Valley is a pioneering ecosystem at the pinnacle of blockchain innovation. This dynamic enclave thrives through collaboration, creating an environment where visionary entrepreneurs, tech enthusiasts, and global leaders come together to reshape industries, challenge norms, and drive the future of technology. Committed to innovation, regulation, education, and responsible growth, Crypto Valley stands as a testament to the transformative power of blockchain technology, marking a new era of digital possibilities. Over 6,000 individuals are already working in more than 1,100 Web3 companies within the Crypto Valley.

About Crypto Oasis

Crypto Oasis is the worldwide fastest growing Blockchain Ecosystem with a focus on MENA. The essential components for its growth are Talent, Capital, and Infrastructure. The Ecosystem's stakeholders include Investors, Start-Ups & Projects, Corporates, Science & Research Institutions, Service Providers, and Government Bodies & Associations. The vision for Crypto Oasis is to be among the world's leading Blockchain Ecosystems. Today, it is the world's fastest-growing Blockchain Ecosystem, with over 1,800+ organizations identified in the UAE alone and more than 8,650 individuals working within it. www.cryptooasis.ae

About the DFINITY Foundation and the Internet Computer Protocol (ICP)

Founded with a mission to reinvent the internet, Dfinity and its Internet Computer Protocol (ICP) aim to expand the potential of the web. Based in Zurich, Dfinity has revolutionized the blockchain sector, offering decentralized cloud computing capabilities. This pioneering protocol ensures seamless, secure, and scalable solutions, heralding a new era of digital empowerment and innovation.

About NFT Fest Lugano

Europe's largest NFT event. Experience the decentralized revolution across five days. A venue where culture, entertainment, and technology merge into a unique experience. Featuring 100 speakers, dozens of workshops, and a dedicated business area. Engage in personal meetings with entrepreneurs, managers, investors, developers, and creators. And of course, at the end of each day, there's a party! This is the NFT Fest in Lugano, where the future is crafted and where boundaries are pushed.

About NFT Lakeside Unconference

The NFT Lakeside Unconference (NLU) is a vibrant gathering for Web3 enthusiasts, entrepreneurs, and newcomers. It aims to connect industries to Web3 technology and onboard new users into the blockchain environment. The event will feature dynamic talks, panels, workshops, and fun booths on a range of topics, from NFT communities to legal alerts and AI debates. Notable NFT projects like Pudgy Penguins and Bored Ape Yacht Club will be present, making it a must-attend event for anyone in the Web3 space.

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

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Crypto Oasis Ventures Opens New Venture Studio Office at DIFC Innovation Hub and Signs Memorandum of Understanding (MoU)

DUBAI, UAE, Jul 19, 2023 – (ACN Newswire) – Crypto Oasis Ventures the inceptor of the fastest growing Blockchain ecosystem in the world, the Crypto Oasis, has signed a Memorandum of Understanding (MoU) with Dubai International Financial Centre (DIFC), the leading financial hub in Dubai.

Faisal Zaidi and Mohammad Alblooshi

Under the terms of the MOU, Crypto Oasis Ventures will support the DIFC Innovation Hub with subject matter expertise for their ongoing and upcoming start-up accelerator programmes. The announcement coincides with Crypto Oasis Ventures official opening of its second office in the DIFC Innovation Hub for its Venture Studio. The move signifies Crypto Oasis Ventures' commitment to expanding its presence in Dubai and further strengthens its position as a key player in the global Blockchain ecosystem.

"We are thrilled to partner with Dubai International Financial Centre (DIFC), a renowned financial hub known for its regulatory excellence and commitment to fostering innovation," said Faisal Zaidi, Co-Founder and CMO of Crypto Oasis Ventures. "By establishing our office within the DIFC Innovation Hub, we aim to leverage The Centre's vibrant ecosystem, collaborate with like-minded organisations, and explore new opportunities for growth."

DIFC is a leading global international financial centre that plays a pivotal role in driving economic diversification and innovation in the region. As a strategic partner, DIFC will provide the Crypto Oasis Ventures ecosystem with access to a network of global investors, industry experts, and regulatory resources. This collaboration will facilitate the development of cutting-edge blockchain solutions, positioning Crypto Oasis Ventures at the forefront of the digital transformation in the financial sector.

Mohammad Alblooshi, Chief Executive Officer of DIFC Innovation Hub commented: "The DIFC Innovation hub has a long history of partnering with leading and visionary institutions to enable business growth for our start-up ecosystem. This partnership will bring immense value to start-ups participating in our various accelerator programmes this year who will be able to leverage on Crypto Oasis's expertise to amplify their existing business models."

"We are pleased to see Crypto Oasis expand their presence here in Dubai at the DIFC Innovation hub as they continue to innovate and drive growth in collaboration with our vibrant community of tech and innovation disruptors," he added.

The strategic location of the Crypto Oasis Studio, at DIFC Gate Avenue, will enable Crypto Oasis Ventures to enhance its operations and strengthen its relationships with key stakeholders. By establishing a physical presence within DIFC Innovation Hub, the company aims to attract top talent, collaborate with industry leaders, and forge partnerships that drive Blockchain adoption globally.

About Crypto Oasis Ventures

Crypto Oasis Ventures is a leading Venture Builder with a strong focus on the Middle East and North Africa region. It has successfully established the Crypto Oasis Ecosystem, which has emerged as the world's fastest-growing Blockchain Ecosystem. In the United Arab Emirates alone, the ecosystem has identified over 1,800 organizations and boasts a workforce of more than 8,650 individuals dedicated to the Blockchain industry. The ecosystem encompasses various stakeholders, including Investors & Collectors, Start-Ups & Projects, Corporates, Science & Research Institutions, Service Providers, and Government Entities & Associations.

As one of the pioneers in the local venture-building landscape, Crypto Oasis Ventures benefits from a global network and maintains robust connections to the renowned Crypto Valley in Switzerland. Notably, it holds the distinction of being the first Web3 venture-building company based in the Dubai International Financial Centre (DIFC). The primary goal of Crypto Oasis Ventures is to nurture the ecosystem and expedite the growth of Web3-related organizations in the Middle East, North Africa and beyond.

Crypto Oasis Ventures has spearheaded several successful ventures, including Crypto Oasis Labs, Crypto Oasis Sentio, arte, Crypto Oasis Games Guild, Inacta Communications, and The Green Block. These ventures showcase the company's commitment to innovation, collaboration, and sustainable development within the Web3 space. For more information, visit www.cryptooasis.ae.

About Dubai International Financial Centre

Dubai International Financial Centre (DIFC) is one of the world's most advanced financial centres, and the leading financial hub for the Middle East, Africa and South Asia (MEASA), which comprises 72 countries with an approximate population of 3 billion and an estimated GDP of USD 8 trillion.

With a close to 20-year track record of facilitating trade and investment flows across the MEASA region, the Centre connects these fast-growing markets with the economies of Asia, Europe and the Americas through Dubai.

DIFC is home to an internationally recognised, independent regulator and a proven judicial system with an English common law framework, as well as the region's largest financial ecosystem of over 36,000 professionals working across over 4,300 active registered companies – making up the largest and most diverse pool of industry talent in the region.

The Centre's vision is to drive the future of finance through cutting-edge technology, innovation, and partnerships. Today, it is the global future of finance and innovation hub offering one of the region's most comprehensive FinTech and venture capital environments, including cost-effective licensing solutions, fit-for-purpose regulation, innovative accelerator programmes, and funding for growth-stage start-ups. Comprising a variety of world-renowned retail and dining venues, a dynamic art and culture scene, residential apartments, hotels and public spaces, DIFC continues to be one of Dubai's most sought-after business and lifestyle destinations.

For further information, please visit our website: difc.ae, or follow us on LinkedIn and Twitter @DIFC.

For media enquiries, please contact:

Maria Fernandez
Marketing Manager, Crypto Oasis Ventures
Tel.: +971 056 385 3146
E-mail: maria@cryptooasis.ae

Omar Nasro
ASDA'A BCW | +9714 450 7600 | omar.nasro@bcw-global.com

Rasha Mezher
Dubai International Financial Centre Authority
Consultant, Marketing & Corporate Communications
+97143622451 | t-rasha.mezher@difc.ae

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Oku Launches Advanced On-Chain DEX Trading System

CHICAGO, IL, Jul 10, 2023 – (ACN Newswire) – In a major leap forward for decentralized trading, GFX Labs has announced the launch of Oku. The innovative platform offers an intuitive yet robust interface for Uniswap v3, the leading decentralized exchange (DEX) protocol in the world of decentralized finance (DeFi).

Meet Oku Trade – The Most Advanced DeFi Trading Platform, Powered by Uniswap V3

Born from the need to improve the underwhelming trading interface of existing DEX protocols, GFX Labs was awarded a $1.6 million grant by the Uniswap Foundation to tackle this challenge and establish Oku. The platform addresses the needs of pro-retail traders by offering advanced features typically found in traditional exchanges such as Binance or Coinbase, including order books, price charts, depth charts, trading history, user order history, and more.

"After a year of growing mistrust in centralized institutions, Oku presents a compelling solution for traders combining the security and trust of the Uniswap Protocol with the speed and creature comforts of a centralized exchange. The Uniswap Foundation is proud of the work done by GFX Labs and is excited for crypto traders around the world to level up their DEX trading experience," says Devin Walsh, the Executive Director at the Uniswap Foundation.

Oku is available on Ethereum, Polygon, Arbitrum, and Optimism, with more chains coming soon. Its interface supports all existing and new Uniswap v3 pools, and no token listing request is required, unlike traditional exchanges. The platform dramatically surpasses the industry standard, boasting a comprehensive and speedy analytics site that offers detailed pool, position, and token information. In addition, it brings the capability for limit orders that can be configured for any pool, reshaping the expectations for user accessibility and experience in the process.

The platform's trader-oriented design allows users to switch between markets quickly and efficiently, track their historical activity, and view live trading. Users can place bids and offers at specific prices, and don't need to be present for their fulfillment, a feature unique to Oku's trading system.

"As the first robust trading infrastructure built upon the advanced Uniswap v3 protocol, Oku is poised to rival the industry's leading centralized exchanges. Simultaneously, Oku sets itself apart with a user-friendly interface and intuitive design, making complex trading operations straightforward and visually appealing," affirmed the Oku team.

About Oku

Experience the future of decentralized trading with Oku, a front-end built for the Uniswap v3 protocol and seeded by the Uniswap Foundation. Oku goes beyond the standard trading interface, offering professional-grade features like live order books, detailed price charts, advanced limit orders, and a customizable favorite markets list. Designed with an intuitive interface that caters to both novice and experienced traders, Oku seeks to fill the gap between Uniswap and traditional exchanges. Our commitment is to enhance the DeFi user experience and pioneer the next generation of trading, making the transition from centralized to decentralized platforms seamless and empowering. For more information, visit https://oku.trade.

Contact Information
Michael Herron
Head of Marketing
mherron@gfxlabs.io

Related Video
https://www.youtube.com/watch?v=6XPRsFScCvQ

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

GigaSpace Secures Investment from STEPN’s Creator Find Satoshi Lab & ProDigital Future Fund for Creating a Virtual City for Runners

HONG KONG, Jul 7, 2023 – (ACN Newswire) – GigaSpace, a new web3 community metaverse, is pleased to announce a significant milestone in its growth journey with a strategic investment from Find Satoshi Lab, the parent company of the popular web3 lifestyle app STEPN, and ProDigital Future Fund, a leading web3 venture capital fund at the forefront of web3 investments. This investment will serve as the cornerstone for the next strategic round, with a target of raising $3 million this year to accelerate GigaSpace's expansion plans, including the creation of a STEPN virtual city for the fitness-loving community.

Find Satoshi Lab's investment in GigaSpace is a testament to the shared vision of revolutionizing the web3 community experience through innovative ideas and forward-thinking solutions. With their deep expertise in the web3 space and their remarkable track record with STEPN, Find Satoshi Lab brings invaluable strategic guidance and resources to fuel GigaSpace's growth and market presence.

"We're thrilled to announce our strategic partnerships with Find Satoshi Lab and ProDigital Future Fund. With their invaluable resources and thriving community, we are excited to unlock new opportunities and provide exciting events and utilities for fitness enthusiasts within the GigaSpace ecosystem. Stay tuned for the incredible journey ahead!" says M, co-founder of GigaSpace.

GigaSpace is a shared metaverse with social and game elements that bring together web3 communities, providing a lively social environment for individuals to connect and interact. By empowering communities to build within the metaverse, GigaSpace encourages community engagement and facilitates the exploration of novel use cases for NFTs and tokens.

The funds from this strategic investment will fuel the development of STEPN City, a sports-themed virtual world that offers a wide range of facilities and spaces. Within STEPN City, users will find features like the STEPN Maze, STEPN Community Center, STEPN Mall, and STEPN Tower. These environments allow users to not only purchase merchandise but also organize community events and engage with each other in meaningful ways.

"We at Find Satoshi Lab are extremely excited about this opportunity to strategically invest in Gigaspace and grow alongside with the dedicated team that will be building a lot of event space for our ecosystem. This marks the potential unleash of all you can imagine about recreational activities and hang-outs in the "metaverse". We are particularly thrilled for the synergy it can bring for MOOAR and STEPN via working with Gigaspace," says Mable Jiang, Chief Revenue Officer of Find Satoshi Lab.

In collaboration with Find Satoshi Lab, Prodigital Future will spearhead the upcoming strategic investment round for GigaSpace, aiming to expedite the company's expansion plans.

"We are delighted to be early believers in GigaSpace and are committed to supporting its future endeavors. Like STEPN, we recognize the team's passion for gaming and their ability to leverage their expertise in the web3 space to create market-fit applications and experience rapid growth. Last year, while assisting STEPN in establishing its presence in Hong Kong, we had the opportunity to introduce the GigaSpace team to Find Satoshi Lab. Now, we are thrilled to join forces with Find Satoshi Lab in this investment venture. This is just the beginning of an exciting and promising future," said Curt Shi, Founding Partner of ProDigital Future Fund and an early investor in STEPN.

About GigaSpace
GigaSpace is creating a collaborative and expansive metaverse that unites all web3 communities under a single celestial sky. By providing robust infrastructure and utilities, it empowers communities and projects to seamlessly integrate with its virtual world, saving time and resources while fostering innovation and exploration. For additional information, visit: https://www.gigaspace.io/

About Find Satoshi Lab
Founded in 2021, Find Satoshi Lab (FSL) is a gaming and development studio connecting players to Web3. FSL's mission is to educate and introduce individuals to Web3, while encouraging healthy living, and combating climate change. FSL brands include STEPN, MOOAR, and DOOAR. For additional information on Find Satoshi Lab, visit: http://findsatoshilab.com/

About Prodigital Future Fund
ProDigital Future Fund is a Web3 venture fund led by Ben Ng, a venture partner at an Asian private equity firm called SAIF Partners, and Curt Shi, a long-time tech investor in Web3 space. ProDigital Future Fund's investment strategy is to target early-stage and developing ventures, mostly Chinese-connected tech companies that are transitioning into emerging technologies such as Web3. For additional information on ProDigital Future Fund, visit: http://www.prodigitalfund.com/

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Crypto Oasis Ventures and Roland Berger Officially Launch “The Green Block”

DUBAI, Jun 21, 2023 – (ACN Newswire) – The Green Block, a groundbreaking initiative dedicated to fostering Environmental, Social, and Governance (ESG) projects in Web3, was officially launched yesterday at BEEAH Group headquarters in the United Arab Emirates. This global initiative, spearheaded by Crypto Oasis Ventures in collaboration with the management consultancy Roland Berger, marks a significant step towards creating a sustainable future by leveraging the power of Blockchain and AI technologies.

Highlights:
– The Green Block is a global Think Tank and Launchpad that aims to accelerate and promote the use of Web3 and AI technology for the improvement of the environment, social and governance related initiatives that improve the quality of life.
– It is initiated by Crypto Oasis Ventures in partnership with Roland Berger.
– The initiative will bring together projects and thought leaders that utilize technology for advancing sustainability related projects.
– BEEAH Group is the Think Tank's first Patron with Khaled al Huraimel, Group CEO also joining The Green Block Advisory Council.

The primary objective of The Green Block is to establish an ecosystem that connects stakeholders from diverse sectors to develop and implement impactful Web3 solutions pertaining to corporate governance, environmental sustainability, and social responsibility. By leveraging the potential of Web3 and AI, The Green Block aims to address global challenges in line with the UAE's COP28 agenda and the United Nations Sustainable Development Goals (SDGs).

Faisal Zaidi, Co-founder of Crypto Oasis Ventures, stated, "The launch of The Green Block represents the first milestone in our journey to create a sustainable future through Web3 initiatives in the Environmental, Social, and Governance (ESG) field. By connecting projects, providing and enabling infrastructure, and empowering talent, The Green Block will facilitate the development and implementation of sustainable Web3 solutions on a global scale. Aligning ourselves with the objectives of COP28 and the UAE, we aim to take this initiative global."

As the inaugural patron of The Green Block, BEEAH assumes a vital role in propelling the mission of the initiative. As an international holding group and pioneer for sustainable, smart solutions for future ready cities, BEEAH understands the importance of fostering sustainability and aligning with the UAE's agenda for COP28. Through their partnership with The Green Block, BEEAH underscores its dedication to environmental responsibility and social progress.

Khaled Al Huraimel, Group CEO of BEEAH Group, emphasized the significance of The Green Block's launch, stating, "There is immense potential in Blockchain, AI and Web3 technologies and I am excited to see how the Green Block leverages these to revolutionize ESG projects. As one of the first adopters of blockchain technologies in Sharjah, BEEAH Group's vision is built on the twin pillars of sustainability and digitalisation. As a patron of The Green Block, BEEAH Group looks forward to fostering innovation and engaging with stakeholders to achieve sustainability objectives using technology while overcoming global challenges."

On the steering committee of The Green Block initiative, the representation from Roland Berger contributes to determining the strategic direction of the initiative. The committee makes key decisions that shape the initiative's long-term plans and immediate goals, helping to ensure the continuity of its mission. Technology like Web3 and AI will contribute significantly to a path to sustainability – The Green Block Think Tank and Launchpad will accelerate this transition and connect the global thought leaders.

Pierre Samaties, Partner at Roland Berger Middle East and leading the Global Digital Assets, Web3 and Metaverse practice, expressed his enthusiasm for The Green Block's potential impact, saying, "The launch of The Green Block initiative is the start of an important Think Tank and Launchpad for Web3 and AI technology that will support sustainability and quality of life. Many use cases of the technology are a perfect fit for advancing renewable power, boosting financial inclusion and incentivizing environmental improvements."

To learn more, please visit www.thegreenblock.com

About The Green Block

The Green Block is a global Think Tank and Launchpad with the primary objective of accelerating and strengthening the use of Web3 and AI technology for the betterment of environmental, social, and governance initiatives, that ultimately enhance our quality of life. Spearheaded by Crypto Oasis Ventures, in collaboration with the management consultancy Roland Berger, this ground-breaking global initiative denotes a significant stride towards the creation of a sustainable future.

At its core, The Green Block will facilitate access to crucial resources including investors, grants, public funding, and tokenization. By doing so, it will empower projects to make substantial progress and attain goals, while establishing a robust infrastructure. It will connect projects with appropriate Blockchain protocols, while providing regulatory guidance, producing insightful reports, and organizing community networking opportunities accompanied by effective communication channels. Furthermore, The Green Block will serve as a catalyst for collaboration and knowledge exchange, while empowering talented individuals through thought leadership platforms like publications, interviews, podcasts, and round table discussions.

The Green Block aims to create an ecosystem that supports transformative projects and contributes to a sustainable and inclusive future.

About Crypto Oasis Ventures

Crypto Oasis Ventures is a leading Venture Builder with a strong focus on the Middle East and North Africa region. It has successfully established the Crypto Oasis Ecosystem, which has emerged as the world's fastest growing Blockchain Ecosystem. In the United Arab Emirates alone, the ecosystem has identified over 1,800 organizations and boasts a workforce of more than 8,650 individuals dedicated to the Blockchain industry. The ecosystem encompasses various stakeholders, including Investors & Collectors, Start-Ups & Projects, Corporates, Science & Research Institutions, Service Providers, and Government Entities & Associations.

As one of the pioneers in the local venture building landscape, Crypto Oasis Ventures benefits from a global network and maintains robust connections to the renowned Crypto Valley in Switzerland. Notably, it holds the distinction of being the first Web3 venture building company based in the Dubai International Financial Centre (DIFC). The primary goal of Crypto Oasis Ventures is to nurture the ecosystem and expedite the growth of Web3-related organizations in the Middle East, North Africa and beyond.

Crypto Oasis Ventures has spearheaded several successful ventures, including Crypto Oasis Labs, Crypto Oasis Sentio, arte, Crypto Oasis Games Guild, Inacta Communications, and The Green Block. These ventures showcase the company's commitment to innovation, collaboration, and sustainable development within the Web3 space.
www.cryptooasis.ae

About Roland Berger

Roland Berger is the only management consultancy of European heritage with a strong international footprint. As an independent firm, solely owned by our Partners, we operate 51 offices in all major markets. Our 3000 employees offer a unique combination of an analytical approach and an empathic attitude. Driven by our values of entrepreneurship, excellence and empathy, we at Roland Berger are convinced that the world needs a new sustainable paradigm that takes the entire value cycle into account. Working in cross-competence teams across all relevant industries and business functions, we provide the best expertise to meet the profound challenges of today and tomorrow. www.rolandberger.com.

Press contact:

Maria Fernandez
Marketing Manager, Crypto Oasis Ventures
Tel.: +971 056 385 3146
E-mail: maria@cryptooasis.ae

Silvia Constanze Zoesch
PR Global, Roland Berger
Tel.: +49 160 744-8750
E-mail: silvia.zoesch@rolandberger.com

Salma Halawa
PR Middle East, Roland Berger
Tel.: +971 056 385 3146
E-mail: salma.halawa@rolandberger.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com