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Ethernity Networks forecasts substantial growth with new OEM engagements

Ethernity Networks Ltd

Ethernity Networks Ltd (AIM:ENET, OTCQB:ENETF) vice president of marketing and business development Ilan Tevet shares the company's promising business outlook for 2024 and beyond based on current customer engagements. Tevet told Proactive's Stephen Gunnion Ethernity is in advanced discussions with two Original Equipment Manufacturer (OEM) customers, testing the Universal Edge Platform 2025 (UEP2025) platform for launching solutions targeting distinct markets: a 25 Gigabit Ethernet Carrier Ethernet switch for business services and a similar switch with bonding capability for the wireless backhaul market. These engagements are anticipated to significantly enhance Ethernity's revenue in 2024, showcasing a remarkable growth trajectory. Tevet said the increasing demand for high-capacity Carrier Ethernet Access switches is driven by the widespread adoption of cloud services and the surge in video conferencing and AI applications, which intensify bandwidth usage. Furthermore, the wireless backhaul market is expanding to accommodate the escalating data consumption by smartphones, with a forecasted CAGR of 37% through 2027. Ethernity addresses the challenges of environmental sensitivity in wireless link capacity through its patented bonding technology, enabling optimal service delivery by aggregating multiple wireless links. He said Ethernity also offers versatile business models to meet OEM customer needs, including system sales for rapid revenue generation, a licensing model for custom integration, and the development of an Application-Specific Integrated Circuit (ASIC) for cost reduction and performance enhancement. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

April 03, 2024 09:38 AM Eastern Daylight Time

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AI platform SiftHub raises $5.5m as it rescues sales & presales teams from repetitive tasks

SiftHub

Information overload from ad campaigns, email marketing, and a company’s website means that buyers are equipped with more than a basic understanding of a product or service well before a sales meeting. This means sellers need deeper product knowledge and easy access to proprietary company information to win new customers. However, the current sales tech stack does not support this foundational shift in the role of sales and presales teams. AI platform for sales SiftHub has today raised $5.5 million in seed funding to help sales and presales teams discover knowledge and generate responses to customer needs immediately. The funding round was led by Matrix Partners India and Blume Ventures with participation from Neon Fund and executive operators and founders from Superhuman, Cloudflare, DevRev, RazorPay, and SuperOps. SiftHub’s AI platform is changing how sales and presales teams discover up-to-date information and generate accurate responses grounded in company knowledge. No more “I’ll get back to you”s that could lead to a lost opportunity. One-click integrations with workplace apps such as CRM, content repository, knowledgebase, and more allow SiftHub to bring all enterprise knowledge into a single, accessible hub. Its unified semantic search capabilities make it easy to find the right information at the right time without toggling between screens. “After speaking to 200+ leaders, it dawned on me that it’s completely unreasonable to expect sales and presales professionals to memorize all the ins and outs of the product in order to be able to respond to clients with complex technical details. Trying to find up-to-date accurate information when it is scattered across Slack, Gmail, Drive, HubSpot, Confluence, and more is incredibly difficult. The fact that sales spends only 30% of their time selling cries for a change - and that’s where our platform comes in.” said Manisha Raisinghani, Founder of SiftHub. SiftHub is uniquely positioned to deliver secure, private, access-controlled answers that trace back to the source. Using RAG technology and fine-tuned LLMs with industry-specific knowledge training, SiftHub allows companies to generate personalized responses with zero hallucinations. This guarantees increased transparency and reduced risk and inspires absolute trust to use AI for all their needs. Now, sales teams can finally focus on what they do best - selling! SiftHub simplifies the usually time-consuming back-and-forth between sales and various other teams as a deal progresses. With its easy-to-use project management and seamless workflow automation capabilities, the platform helps streamline collaboration between teams as they complete infosec questionnaires, vendor assessment forms, RFPs, and RFIs. SiftHub was founded in July 2023 by Manisha Rasinghani, a second-time founder. Before SiftHub, she co-founded LogiNext as CTO and raised over $50m from Tiger Global and others. “GenAI is not just a technology, it’s a revolution in productivity. It unlocks the ability to solve a legacy problem in a modern way improving efficiency by 80%,” said Manisha Raisinghani, “By integrating GenAI with advanced workflow automation and collaborative capabilities, we’re providing an end-to-end solution for our users. From the moment the first information request is received to the closure of each sale with satisfactory responses, SiftHub will remain a trusted partner for sales organizations.” Pranay Desai, Managing Director at Matrix Partners India commented: "Buyers have become smarter and engage sales later in the buying journey, with more advanced questions. As a result, the expectation from sales teams has changed - they need to know advanced product, technical, and legal information to get the win. Sales and presales teams lack the necessary tooling to handle this new selling environment. We are excited by SiftHub's vision to use AI to manage product knowledge so that sales can focus on relationships." Sanjay Nath, Partner at Blume Ventures, said, “SiftHub is Manisha’s second venture in the SaaS space. Armed with over a decade of entrepreneurial experience and an impressive track record, Manisha and her team are building a game-changing AI platform to transform the entire sales and presales process. We are excited to back the SiftHub team and be a part of their ambitious journey.” About SiftHub Founded by Manisha Raisinghani, SiftHub is an AI platform that acts as a central hub to collate and sift through all your content scattered across multiple repositories and tools. Through accelerated knowledge discovery and automated response creation, SiftHub empowers your sales and pre-sales teams to improve win rates and close deals faster. Headquartered in the United States, SiftHub also has an R&D office in Mumbai, India. About Matrix Partners India Founded in 2006, Matrix Partners India invests in companies targeting the consumer and enterprise market at the seed, early and early growth stages. The firm has invested in several enterprise technology companies such as MoEngage (Customer engagement platform), Toddle (Teaching & learning platform), SuperOps.ai (AI-powered PSA-RMM platform), Rocketlane (Customer onboarding platform), Murf AI (Synthetic speech technology), 100ms (Live video infrastructure) and Atomicwork (Employee success solution) amongst others. Other marquee investments include Dailyhunt (Local language platform), Five Star Business Finance (SME lending), OfBusiness (B2B commerce, fintech), Ola (Mobility), Ola Electric (Electric vehicles), OneCard (Mobile-first credit card), Oxyzo (Tech-enabled smart financing), Razorpay (Payments), Country Delight (D2C dairy & fresh foods brand), GoKwik (E-commerce enablement platform), Jupiter (Neobank), and Mosaic Wellness (Health & wellness), among others. Matrix Partners India has advisory offices in Bangalore, Delhi and Mumbai. Further information is available at www.matrixpartners.in. To know more about our investment philosophy & ideologies, check out the #MatrixMoments podcast series. About Blume Ventures Blume Ventures is an early-stage India-focused venture fund that backs startups with both funding as well as active mentoring. Blume typically invests in Seed and pre-Series A rounds in tech-led startups led by founders obsessed with solving hard problems for the Indian market and from India for the world. Blume presently invests out of Fund IV, a $300M vehicle supported by leading institutional LPs and family offices. With the close of Fund IV, Blume now has an AUM (Assets Under Management) of over $600m, managed by an investment team based across Bengaluru, Mumbai, Delhi, and San Francisco. Some of the leading startups we have backed included Purplle, Unacademy, Spinny, slice, Carbon Clean, and GreyOrange. Contact Details SiftHub Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.sifthub.io/

April 03, 2024 09:00 AM Eastern Daylight Time

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KangaMoon (KANG) Surpasses $3.7M Milestone, Myro Surges 34% Can PepeFork Keep Up?

Kangamoon

Myro (MYRO) has recently made a major price jump, where throughout the span of a single week, it increased in value by 34%. Moreover, the KangaMoon (KANG) presale-stage project raised over $3.7 million, and could soon raise even over $4.5 million. As a result, sentiment is massive surrounding these two cryptocurrencies, but many are curious if PepeFork (PORK) can keep up. To see if this will be the case, we will go over all three individually, and determine which is the best cryptocurrency to buy today. Myro (MYRO) Grows 34% – Price to Spike to $0.471 by End of Q4 Myro (MYRO) gas experienced a substantial price climb which has resulted in a monumental level of interest towards the crypto from investors and traders. Moreover, during the past month, the Myro price saw a price increase of 102.2%, and within a single week its up 34%. Just during the previous week, the Myro crypto experienced a jump from a low point of $0.2286 to a maximum value at $0.3647, signifying a 34% price jump. As a result, sentiment on its future is massive, and according to the Myro price prediction, it can end 2024 at $0.471. KangaMoon (KANG) to Spike 5,000% Fueled by Vast Ecosystem KangaMoon (KANG) is one of the latest projects to enter the industry and it has already seen a significant price upswing, alongside a rapid presale momentum. Specifically, this is a project which introduces Play-to-Earn (P2E) elements alongside a community-driven approach, and Social-Fi features. Anyone can control a KangaMoon character, where they can engage in battles or attend tournaments. By doing so,they are rewarded KANG tokens or rare NFTs. These can later-on get sold in the marketplace, while other NFTs can be bought or traded. During Stage 4, KANG has increased in value to $0.0014, marking a 180% jump from its initial price. In addition, its raised $3.7 million and can hit $4 million by next week. As a result, sentiment is bullish on its future and analysts project a 5,000% increase at launch. These aspects position KANG as one of the best cryptocurrency to buy today. PepeFork (PORK) to Initiate Recovery Despite 50.8% Dip PepeFork (PORK) has seen a negative price trend which has resulted in a significant price decrease. Within the past two weeks, the PepeFork price has decreased by 50.8%. Moreover, just within the span of a single week, the price of the PepeFork crypto is down 32.6%, and now, it needs to regain the attention from bulls to get back up in value. The monthly high for PORK was at $0.0000007057, while the monthly low was at $0.0000002413. However, its still 254.37% up from its all-time low two months ago, which does showcase some signs of a potential recovery. According to the PepeFork price prediction, it can end 2024 at $0.00000094. Summary While both Myro and KangaMoon have showcased impressive performance, PepeFork has seen a price dip which resulted in bearish market sentiment. As a result, those looking to diversify their holdings and get massive ROI are now eyeing KANG, as it can spike 5,000% at launch, making it one of the best cryptos to invest in. Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today! Website: https://KangaMoon.com/ Join Our Telegram Community: https://t.me/KangaMoonofficial Integrating GameFi and Play To EarnEmbark on your quest for glory. Assemble your champions, engage in epic battles or bet on your favorite fighters to earn $KANG tokens and exclusive rewards. Gain control of rare NFTs, unlock exclusive content and build alliances with fellow gamers as you ascend the ranks and leaderboards. Disclaimer: The following disclaimer is important to read and understand before engaging with Kangamoon, a play-to-earn meme coin. By accessing or participating in any activities related to Kangamoon, you acknowledge and accept the terms outlined below: 1 No Financial Advice: This whitepaper and any associated content do not constitute financial advice, investment recommendations, or solicitation to purchase Kangamoon tokens. The information provided is for informational purposes only. It is your responsibility to conduct thorough research and seek professional advice before making any financial decisions. 2 Volatility and Risks: Cryptocurrencies, including Kangamoon, are volatile and subject to significant price fluctuations. Investing in or holding Kangamoon tokens involves substantial risks, including the possibility of total loss. Past performance is not indicative of future results. 3 Regulatory Compliance: The regulatory environment surrounding cryptocurrencies is evolving and varies across jurisdictions. It is your responsibility to ensure compliance with applicable laws and regulations in your country or region before engaging with Kangamoon. 4 Uncertain Market: The market for meme coins and play-to-earn platforms is highly speculative and subject to rapid changes. There is no guarantee of market demand, liquidity, or utility for Kangamoon tokens. Token values may fluctuate drastically and may not reflect the intrinsic value of the project. By continuing to engage with Kangamoon, you acknowledge and accept the risks and limitations outlined in this disclaimer. You should only participate if you fully understand and are willing to assume these risks. Contact Details Kangamoon marketing@kangamoon.com Company Website https://kangamoon.com/

April 03, 2024 07:39 AM Central Daylight Time

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Reflection Analytics’ Reflect Platform Named to the Prestigious WealthTech100 Ranking of the World’s Most Innovative Technology Providers

Reflection Analytics

Reflection Analytics, a technology company delivering ESG investment evaluation, reporting and advisory services, announced today that its Reflect software platform has been named to the prestigious WealthTech100 list of the world’s most innovative technology providers that are transforming the operations of investment firms, private banks and financial advisors. Reflect is the first and only platform for investor-focused ESG analysis, serving asset managers, financial advisors and investors/institutions across six key areas: advisory, due diligence, compliance, portfolio management, auditing and reporting. Reflect’s inclusion on the WealthTech 100 comes within Reflect’s first year as a compliance tool. “This recognition by the WealthTech100 is validation for Reflect,” said Jason Britton, founder and chief executive officer of Reflection Analytics. “The Names Rule requires funds generally aligned with ESG terms to have a minimum of 80 percent of its holding invested in what the average investor would consider the plain English meaning of those terms. Reflect is basically a lie detector that investors and fund managers can use to determine whether funds comply with that common-sense, truth-in-advertising standard.” Launched today by FinTech Global, a specialist research firm, The WealthTech100 shines a spotlight on the WealthTech companies that every stakeholder in the wealth management industry should know about. The finalists were picked by a panel of analysts and industry experts, and judges were tasked with reviewing a list of more than 1,300 companies, with FinTech Global providing detailed information on each company to aid the decision process. To make the list, the panel looked for companies that are helping address some of the biggest challenges and opportunities within wealth management. The list highlights the leading companies in areas such as client acquisition, financial planning, portfolio management and digital brokerage. "As the great wealth transfer takes place, wealth management firms are seeking ways to update their operations to meet the demands of future customers,” said FinTech Global director Richard Sachar. “While older generations preferred a human-touch, younger generations place quick, simple and digital processes at the top of their requirements. The WealthTech100 list provides senior decision-makers with a guide on the best vendors in the market and practical examples of how the latest AI advancements are transforming the investment industry.” Launched just two months after the SEC expanded Rule 35d-1, the “Names Rule,” to include ESG terms, Reflect is the market’s only “Names Rule"-compliant software, providing an investor-focused rating that scores companies across 250 data points in 18 ESG sub-themes while also offering asset managers a portfolio management tool to ensure continuous compliance. Under the SEC’s expanded rule, asset managers have 24 months from September 2023 to begin reporting on their alignment, demonstrating that 80% of their investments are in securities that reflect the terms in their name, or risk regulatory fines and fees. Unlike other ESG rating companies, which focus on only financial materiality and from the corporation’s management perspective, Reflect assesses companies from the perspective of an investor’s understanding and reasonable expectations. Beyond its use as a compliance tool, Reflect is designed to support values-based investing. The Reflect platform allows advisors, investors and institutions to review portfolios based on ESG components that are most important to them while also identifying types of companies to avoid, such as those associated with weapons or alcohol. After analyzing an investment portfolio, Reflect provides a real-time, percentage-match score, rating investments across 18 sub-themes ranging from “not aligned” to “strongly aligned.” Reflect can also weigh an existing portfolio against a curated list of investments, allowing individuals and institutions to compare assets via a side-by-side analysis. A full list of the WealthTech100 and detailed information about each company is available to download for free at www.WealthTech100.com. About Reflection Analytics Reflection Analytics’ patent-pending software—Reflect—is the only ESG ratings tool designed to serve asset managers, financial advisors and investors/institutions across six key areas: advisory, due diligence, compliance, portfolio management, auditing and reporting. Unlike other ESG software, which are reliant on rating methodologies rooted in the corporate perspective, Reflect analyzes 250 data points from an investor-focused viewpoint. As the industry’s only “Names Rule-compliant tool,” Reflect helps portfolio managers meet new compliance standards, with the SEC’s expansion of the “Names Rule” to include ESG funds taking effect in less than two years. Reflect maintains comprehensive self-reported and third-party data on 6,500 companies, or 98% of the global market cap. For more information, visit: www.reflectvalues.com. Contact Details Peter Page ppage@vocatusllc.com Company Website https://www.reflectvalues.com/

April 03, 2024 08:30 AM Eastern Daylight Time

HTX Ventures Collaborates with Web3Port Foundation to Seek New Opportunities in Web3 Investments

HTX Ventures

Singapore / April 3, 2024 – HTX Ventures is pleased to announce a strategic partnership with the Web3Port Foundation. This collaboration will combine their strengths, enabling HTX Ventures to delve deeper into the Web3 fields, uncover more innovative projects, and promote the development of blockchain technology. The Web3Port Foundation focuses on investing in innovative projects within the Web3 industry, bringing extensive experience and resources to the table. It is dedicated to nurturing and enhancing leading blockchain technological solutions. This collaboration is set to leverage the global investment network of HTX Ventures and the professional investment prowess of the Web3Port Foundation, aiming to jointly identify and invest in premier projects in the Web3 sector. As a leader in global investment, HTX Ventures has always been at the forefront of strategizing within the blockchain ecosystem. This partnership will enable HTX Ventures to broaden its Web3 investment landscape, facilitating technological innovation and the exploration of new business models within the Web3 realm. HTX Ventures is happy to join forces with the Web3Port Foundation, contributing to the thriving development of the Web3 ecosystem together. About Web3Port Foundation Web3Port Foundation, aiming to fund innovative Web3 startups, is an international multi-stage technology investment platform that backs and amplifies leading blockchain enabled solutions. The Foundation consists of a primary fund seeded with $100mm and a secondary fund with $1B, and supports to build businesses that are truly differentiated across all markets, including early/middle-stage startups, TVL startups, public blockchain ecosystem projects, etc. Website | X About HTX Ventures About HTX Ventures HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures currently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including Dragonfly, Bankless Ventures, Animoca, Shima, and IVC. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/en-us/ventures

April 03, 2024 06:14 AM Eastern Daylight Time

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Your Shortcut to Restaking: HTX Liquid Restaking Offers Enhanced Rewards and Facilitates Team Participation

HTX

2024 could be labeled the "Year of Staking". Staking cryptos has become widely acknowledged as a means to accumulate wealth, which is evident across various blockchain ecosystems including Cosmos, Solana, Bitcoin, and Ethereum. Currently, potential token airdrops from popular projects like EigenLayer, Puffer Finance, Merlin Chain, and BounceBit are directly igniting the "Restaking" sector, fueling FOMO sentiment in the market. What are simpler ways to engage in sharing the on-chain rewards from the Restaking sector within the blockchain ecosystem? HTX Liquid Restaking emerges as the easiest method to get access to the Restaking sector. HTX Liquid Restaking Boasts High Value, Free Claims, Greater Flexibility, and Over $100M Staking Quota Since the launch of the HTX Liquid Staking event on February 29, HTX has pioneered as the first crypto exchange to enable users to participate in Restaking without any entry requirements. Highlighted by features like high value, free claims, and greater flexibility, the HTX Liquid Restaking event recently saw its reward pool double on March 25 with the addition of another $500 million staking quota. This enhancement means that participants can share rewards generated by $100 million staking quota. Moreover, participants can share corresponding crypto rewards after the platform takes a snapshot of their asset holdings in their Spot accounts and net equity in their Futures accounts. Users can register for HTX Liquid Restaking with their Spot and Futures account balances snapshotted to earn rewards, including: ● EigenLayer's initial airdrop (A trending Ethereum restaking project with TVL of over $7 billion) ● Puffer's initial airdrop (A trending Ethereum restaking project with TVL of over $1 billion) ● Merlin Chain's initial airdrop (A Bitcoin Layer 2 solution with TVL of over $1.5 billion) ● BounceBit's initial airdrop (A Bitcoin staking chain with TVL of over $0.45 billion) ● Crypto rewards, such as ETH, USDT, HTX, and TRX HTX provides easy access to the Liquidity Restaking event. Visit the Liquid Restaking event page on the platform, and users can easily enroll in the event with just one click. Remember to fund your HTX account by making deposits, trades, etc., to hold at least $1 worth of BTC, ETH, USDT, HTX, TRX, or other designated assets. HTX Liquid Restaking Enables Team Participation for Enhanced Rewards As the event continues to evolve, HTX Liquid Staking has introduced a new feature: team participation. Joining teams encourages teamwork and competition, empowering participants to leverage their influence, and offering an opportunity to claim greater rewards. Participation is as simple as creating your own team or joining an existing one. According to HTX's official announcement, the exchange has decided to further boost the event's reward pool by adding $20,000 worth of $HTX specifically for team leaders. (Stay tuned for more incentives for teams and team leaders.) As for the event details, it is reported that snapshots of the event leaderboard will be taken from March 25, 2024, at 09:00 (UTC) to April 24, 2024, at 16:00 (UTC). Rewards worth $20,000 in $HTX will be distributed within 7 working days after April 24, 2024, at 16:00 (UTC). Moreover, the rewards will be given to the leaders of top-ranked teams that hold the top 3 positions for the most days within 30 days by April 24, 2024. The rankings are based on the leaderboard's snapshots taken daily at random time during the event period. Specifically, teams will be ranked based on the team participating amount (the total assets of all members enabled for Liquid Restaking for the designated cryptocurrencies). The leaderboard can be viewed on the event page. Here's how you can create/join a team: How to create a team: Visit the Liquid Restaking event page > Click on Boost > Create Team > Set up the team profile > Share the invitation poster or link with friends; How to join a team: Scan the QR code on the invitation poster / click the invitation link > Visit the Liquid Restaking event page > Confirm / Enter the team invitation code > Join the team. In addition to creating or joining a team, you have the opportunity to receive up to a 150% boost on your rewards through the following means: 1) Daily trading fees, including net fees generated from spot, margin, and futures trading. The higher the daily trading fees, the greater your rewards get boosted. 2) $HTX holdings (in Spot and Earn accounts). HTX Introduces Support Plan for Leaders at Liquid Restaking Starting from March 29, HTX has launched a series of incentives aimed at facilitating the leveling up of high-quality teams. This includes raising the maximum team level in Liquid Restaking from level 16 to level 20 and significantly increasing the boost for leaders at level 7 and above. Additionally, it has also introduced a team leader support plan targeting high-quality teams. Support Plan for Leaders at Liquid Restaking: 1. Privilege to Expand Team Size Once a team reaches level 10, 150 spots are immediately added, increasing the maximum limit to 450 members. Once a team reaches level 15, 300 spots are immediately added, increasing the maximum limit to 600 members. 2. Official Resource Support From March 29 to April 7, leaders of the selected dark horse teams will receive official resource support for greater growth potential, including increased exposure and community support. Eligibility requirements for dark horse teams are as follows: Teams at level 15 and above with an amount increase of $10 million or more during the period. Teams from level 10 to level 14 with an amount increase of $2 million or more during the period. Teams at level 10 and below with an amount increase of $1 million or more during the period. Resource support includes, but is not limited to: a. Customized posters b. Recommendations and promotions at HTX's official community and platforms. c. Opportunities to be invited to join HTX's official live streams. For further details, please refer to https://www.htx.com/support/34966029252432 HTX Liquid Restaking offers users an easy, secure, and efficient investment option to secure their share of the on-chain rewards of the Restaking sector within the blockchain ecosystem, without worrying about asset safety and liquidity issues. About HTX Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/

April 03, 2024 01:39 AM Eastern Daylight Time

HTX Ventures Invests in Camp Network to Build the Future for Onchain Consumers

HTX Ventures

Singapore / April 3, 2024 – In a move that underscores its commitment to broadening the reach and usability of Web3 technologies, HTX Ventures, the global investment arm of the cryptocurrency exchange HTX, has strategically invested in Camp Network. This innovative modular Layer 2 blockchain is specifically designed to cater to the unique demands of on-chain consumers within the vibrant sectors of music, media, and entertainment. Camp Network has announced the closure of a robust $4 million funding round. This new capital will be used to support the network as it approaches its mainnet launch and to accelerate the growth of over 20 teams already building within the Camp Network ecosystem. James Chi, Co-Founder of Camp Network, articulated the significance of this financial milestone, stating, “Blockchain infrastructure has developed tremendously over the past few years, and the future of blockchain will be defined by how this technology is delivered to and used by consumers worldwide. This investment will propel Camp Network’s mission to redefine the future of on-chain consumers and further develop our ecosystem for any consumer use case.” Edward, Managing Partner at HTX Ventures, elaborated on the rationale behind their investment: “For blockchain to gain widespread adoption, it's crucial to offer Web2 users innovative usability and experiences. The entertainment industry's exploration of new experiences for artists and fans sets the stage for Camp Network. By integrating Web2 user data with the Web3 experience, Camp Network aims to bridge the gap between traditional and new digital landscapes. Given the team's expertise, enthusiasm, and their success in current client on-boarding, this company could mark an exciting milestone for the Web3 industry.” User engagement data is one of the most valuable datasets, yet applications today struggle to track it. Through its “digital backpack,” Camp Network leverages off-chain engagement data from social and streaming apps—where most users’ digital identities exist today—to help consumer applications better understand and incentivize valuable behavior. The team has made incredible progress in the last three months since its initial launch. There are 20+ teams already building in Camp Network’s ecosystem, including a combination of native teams as well as teams migrating over from larger ecosystems. With the completion of its successful seed round, Camp Network is looking to double down on its ecosystem efforts to redefine consumer crypto. The company is launching its public testnet in April, ahead of a mainnet launch in June. About Camp Network Camp Network is a modular layer 2 blockchain built for mass adoption and use cases that people enjoy and engage with every day — culture, music, gaming, film, social media, sports and live events. The founding team is composed of three Berkeley alumni, and its broader team is made up of former employees from Goldman Sachs, The Raine Group, Figma, CoinList and Chainlink. About HTX Ventures HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures presently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most vigorous Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including IVC, Shima, and Animoca. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/en-us/ventures

April 03, 2024 01:00 AM Eastern Daylight Time

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Ethereum Could Hit $14K in 2025 As per Standard Chartered, Ali Martinez Predicts Bitcoin Will Reach $72K; KangaMoon Price Surges

Kangamoon

In recent times, Ethereum (ETH) has been the talk of the town. According to a Standard Chartered prediction, it could reach an impressive $14,000 in 2025. Meanwhile, analyst Ali Martinez foresees Bitcoin (BTC) reaching $72,880. KangaMoon (KANG) is also making headlines as a meme coin in Stage 4 of its presale and analysts predict it will hit $1 in 2024. An Ethereum Price Prediction by Standard Chartered Recently, Ethereum (ETH) has been on the rise. As per CoinMarketCap data, the Ethereum price surged from $2,947 to $3,467 over the last 30 days. In that time, its market cap also rose from $354B to $416B. According to Standard Chartered, the Ethereum ETF approval may push its value to $8,000 in 2024 and $14,000 in 2025. In the next two years, Ethereum is expected to perform at or surpass Bitcoin. The Ethereum crypto also trades above its 100—and 200-day EMAs while boasting 25 green technical indicators. Thus, experts foresee ETH hitting $4,500 within Q2 of 2024. Ali Martinez with a Bullish Bitcoin Price Prediction Bitcoin (BTC) is another crypto that has been soaring recently. In fact, the Bitcoin price rose from $51,100 to $67,250 in the last month. During that period, its market cap increased from $1T to $1.31T. Analyst Ali Martinez predicts that Bitcoin may reach $72,880 soon. The technical analysis of the Bitcoin crypto also paints a bullish picture. For instance, BTC is now trading above its 100 and 200-day EMAs while having 26 technical indicators showing buy signals. For all these reasons, market analysts forecast Bitcoin to reach a value of $84,000 within Q3 of 2024. KangaMoon (KANG): On Pace To Hit $1 While Ethereum and Bitcoin dominate headlines, meme coins like KangaMoon (KANG) are also making waves. This rising presale star has already obtained over $3.4M and is projected to reach $4M before April ends. KangaMoon is preparing to release a play-to-earn (P2E) game that uses its native token, KANG. With KANG, players can buy in-game items and boost their characters’ abilities. This immediately sets KANG apart from 99% of meme coins, which have no utility. Because of this, KangaMoon could emerge as one of the best new meme tokens. What makes KangaMoon different is how they build community. Before its official launch, KangaMoon gives active members of its community free KANG coins through engagement on various social media platforms. In other words, if you share, like or comment on KangaMoon’s social media posts, you may win free KANG before its launch. Currently, in Stage 4 of its presale, KANG has a value of $0.014 - up 180% from its starting price of $0.005. According to experts, this meme coin could be worth around $1 in Q2 of 2024 as a Tier-1 CEX listing is coming..They also base this prediction on KangaMoon’s ties to the P2E games market which Yahoo Finance projects will reach $885M by 2028. Will KangaMoon Pump Faster Than Ethereum and Bitcoin? Currently, KangaMoon has a market cap of $14M. With such a low market cap, KANG has a good chance of faster and more notable growth than Ethereum and Bitcoin. Because of this, KANG could become the next member of the meme coin titans. If interested in this presale, follow the links below and obtain a 10% bonus on each purchase. Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today! Website: https://Kangamoon.com/ Join Our Telegram Community: https://t.me/Kangamoonofficial Integrating GameFi and Play To EarnEmbark on your quest for glory. Assemble your champions, engage in epic battles or bet on your favorite fighters to earn $KANG tokens and exclusive rewards. Gain control of rare NFTs, unlock exclusive content and build alliances with fellow gamers as you ascend the ranks and leaderboards. Contact Details Kangamoon marketing@kangamoon.com Company Website https://kangamoon.com/

April 02, 2024 12:02 PM Central Daylight Time

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Hive Digital Technologies' Strategic Alliance with NVIDIA: A Leap Towards Digital Transformation

HIVE Digital Technologies

Hive Digital technologies Executive Chairman Frank Holmes joined Steve Darling from Proactive to share details about the company's engagement with NVIDIA, a pivotal player in the GPU market, particularly in Ethereum mining and the broader digital transformation landscape. Holmes highlighted Hive's substantial investments in NVIDIA's powerful GPU chips, initially for mining Ethereum and other cryptocurrencies. However, the company has now pivoted towards building ultra-high-performance computing systems. This strategic shift has elevated Hive to a platinum buyer status of NVIDIA's H100 GPUs, indicating the strong relationship between the two firms. Beyond the commercial relationship, Holmes emphasized the broader impact of NVIDIA's technology across various sectors, drawing parallels between attending NVIDIA's event and Warren Buffett's Annual Meetings. NVIDIA's trillion-dollar valuation and the unprecedented computational power of its GPUs are seen as transformative for industries worldwide. Holmes advocated for the rapid adoption of such technologies, including GPT chat, to streamline business operations. Regarding Hive's performance, Holmes expressed optimism, particularly in Bitcoin mining, which has seen substantial gains amid Bitcoin's price surge. With over 2,100 Bitcoins on its balance sheet, Hive anticipates further growth, especially with its focus on green energy and preparation for Bitcoin's halving event. This strategic positioning is expected to strengthen Hive's standing in both the Bitcoin mining and AI sectors, with significant developments like Amazon's acquisition of a nuclear reactor for electricity highlighting the evolving dynamics in data center operations. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

April 02, 2024 01:00 PM Eastern Daylight Time

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