2/26/2024

AstraAI’s Meteoric Rise: Revolutionizing Blockchain with AI Innovation

DUBAI, UAE – 26/02/2024 – (SeaPRwire) – In a span of only 100 days since its inception, AstraAI has not only showcased its dominance in the cryptocurrency landscape but has also emerged as a trailblazer in innovation with the introduction of an array of cutting-edge AI tools. These tools, encompassing an AI Assistant, AI Search Engine, AI Video Summarizer, AI Image Generation, AI Analysis, and AI Audits for tokens, addresses, and dApps, among others, position AstraAI as the architect of the most extensive AI ecosystem in the blockchain industry and beyond.

This bold stride towards establishing a comprehensive AI infrastructure is further bolstered by AstraAI’s recent revelation of the impending launch of AstraBank later this year. AstraBank is envisaged as a pioneering Fintech institution that bridges the gap between conventional financial services and the world of blockchain. This initiative marks not just an expansion, but a revolution in how financial services are conceived, accessed, and delivered in the digital era.

Mirroring the innovative ethos of tech giants such as Apple, Microsoft, and META, AstraAI has achieved a staggering market valuation surpassing $35 million within its first 100 days. This valuation serves as a testament to the platform’s robust growth, innovative offerings, and the market’s confidence in its vision and capabilities.

A pivotal element in AstraAI’s rapid rise has been its strategic collaborations with industry titans and supporters like OpenAI, AWS, and Google Cloud. By integrating with OpenAI’s ChatGPT platform and forging alliances with cloud computing giants, AstraAI has positioned itself at the forefront of AI and blockchain integration, setting new standards for what is achievable within this synergistic landscape.

Under the guidance of Founder DinoN, a luminary in the fields of trading, technology, and blockchain, AstraAI’s trajectory is defined by relentless innovation, strategic expansion, and a dedication to excellence. Backed by an elite cadre of executives and engineers, AstraAI’s journey is underpinned by profound expertise, a vibrant community, and a forward-thinking ethos. Together, they are not merely navigating the future of AI and blockchain, but shaping it.

Recognized as one of the most ambitious and visionary CEOs in the tech sector, DinoN epitomizes AstraAI’s journey of relentless innovation and top-notch delivery. DinoN’s leadership, characterized by a proven track record of success, has been pivotal in steering AstraAI through its exponential growth. His foresight and commitment to excellence have fostered a culture of innovation that permeates every aspect of AstraAI.

The expansion of AstraAI’s ecosystem into decentralized exchanges (DEX), business-to-consumer (B2C), business-to-business (B2B), eSIM services, and more underscores an unwavering drive for innovation. AstraAI’s ecosystem is evolving into a comprehensive suite of services poised to redefine the blockchain landscape and beyond, reminiscent of the transformative beginnings of today’s tech giants.

With the AI and blockchain industries forecasted to surpass $10 trillion by 2030, AstraAI’s integration of banking services and various other offerings positions it with a substantial opportunity to emerge as a multi-billion-dollar enterprise in the near term and an indisputable industry titan by the end of the decade. Strategic partnerships with industry leaders further amplify AstraAI’s ability to spearhead the technological revolution.

As AstraAI continues its journey of groundbreaking advancements, it is evident that the platform is not merely a participant in the blockchain and AI revolution – it is leading the charge. With a vision extending beyond the horizon, AstraAI is setting the stage for a new era of technological convergence, where possibilities are boundless and the future is continually redefined through innovation.

SOURCE: AstraLabs Inc.

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source https://newsroom.seaprwire.com/technologies/astraais-meteoric-rise-revolutionizing-blockchain-with-ai-innovation/

2/25/2024

ELEHEAR Partners with CaringKind and Sunrise to Highlight Hearing Health’s Role in Alzheimer’s Prevention

NEW YORK, NY – 25/02/2024 – (SeaPRwire) – In an innovative campaign that shines a light on the crucial intersection of hearing health and the prevention of Alzheimer’s disease, ELEHEAR, a pioneering force in the hearing aid sector, has announced a landmark collaboration with two esteemed organizations, CaringKind and Sunrise. This strategic alliance, which aligns with the global observance of World Hearing Day, aims to elevate the discourse surrounding the pivotal role that auditory health plays in mitigating the risks associated with cognitive deterioration.

ELEHEAR, recognized for its forward-thinking approach to hearing technology, is steering the conversation towards the significant benefits of hearing preservation as a proactive safeguard against Alzheimer’s disease. The company’s state-of-the-art Over-the-Counter (OTC) hearing aids, notably the Alpha series, are at the vanguard of technological innovation, incorporating advanced AI capabilities to tackle some of the most persistent challenges in hearing aid design and functionality, thereby setting a new benchmark in the domain.

Event Highlights:

The event, hosted at the vibrant Sunrise 56th Street in New York City, featured a series of engaging discussions and presentations. A highlight was the insightful address by an ELEHEAR spokesperson, who elucidated on the vital linkage between the prevention of hearing loss and the fight against Alzheimer’s disease. The talk underscored the revolutionary impact that next-generation hearing aid technologies could have on this front.

Philanthropic Gesture:

In a demonstration of its deep commitment to this cause, ELEHEAR made a generous donation of 30 pairs of its advanced hearing aids to Sunrise, acting on behalf of CaringKind. This contribution not only aids in amplifying the message of hearing health awareness but also provides direct support to those in need, reflecting ELEHEAR’s dedication to making premier hearing solutions widely accessible.

Cultural Engagement:

Further enriching the initiative, ELEHEAR organized a cultural outing for the elderly residents of Sunrise, facilitating a visit to the esteemed Museum of Modern Art (MoMA). This excursion, which coincided with World Hearing Day, emphasized the importance of integrating cultural and holistic wellness activities into the lives of seniors, fostering a greater sense of community and happiness.

Technological Exhibition:

During the event, ELEHEAR displayed its latest OTC hearing aids, including the Alpha Pro and Alpha models. These devices, equipped with the innovative VoClear AI technology, mark a significant departure from traditional hearing aid designs. Event attendees were given an exclusive preview of the devices’ cutting-edge features, such as Directional Audio, Feedback Control, Bluetooth Streaming, and AI Noise Reduction, all contributing to an unmatched listening experience.

Statements from the Event:

An ELEHEAR spokesperson remarked, “At ELEHEAR, we are passionate about transforming the narrative around hearing health. Our collaborative endeavor with CaringKind and Sunrise epitomizes our unwavering commitment to ensuring that advanced hearing enhancement technologies are accessible to all.”

Michael Paone, a participant of the Sunrise 360 Meetup, commented, “This event underscores the critical role of community involvement in promoting comprehensive well-being. By focusing on hearing health, we are making significant strides towards broader discussions on cognitive wellness.”

For further details about this event, please visit the official event page at https://ift.tt/8qJj67a.

About ELEHEAR:

ELEHEAR stands at the forefront of the hearing aid industry, committed to delivering cutting-edge hearing solutions that harness the power of artificial intelligence. The company’s Over-the-Counter hearing aids, including the Alpha Pro and Alpha models, exemplify the transformative impact of technology in enhancing auditory experiences. ELEHEAR’s mission is to democratize access to high-quality hearing aids, thereby improving the quality of life for individuals globally.

For more information, please visit ELEHEAR’s website at https://elehear.com/.

Media Contact

Contact Person: Feya Fang

SOURCE: ELEHEAR

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source https://newsroom.seaprwire.com/consumer-related/elehear-partners-with-caringkind-and-sunrise-to-highlight-hearing-healths-role-in-alzheimers-prevention/

CPR Cell Phone Repair Expands Its Reach with New Store Opening in Chula Vista

CHULA VISTA, CA – 25/02/2024 – (SeaPRwire) – In the bustling city of Chula Vista, California, a new beacon for electronics repair excellence has emerged with the opening of CPR Cell Phone Repair Chula Vista. Strategically located at 1750 E Palomar St, Suite 4, this new outpost stands as a testament to the burgeoning demand for expert repair services in the digital age. At the helm of this venture is Shabir Rupani, a seasoned entrepreneur with a rich background spanning over a decade in the cell phone repair industry. His journey to this point has been marked by an unwavering commitment to technical proficiency, community engagement, and the pursuit of excellence.

CPR Cell Phone Repair Chula Vista distinguishes itself by offering a comprehensive suite of repair services designed to meet the needs of an increasingly tech-savvy population. From the latest smartphones and tablets to laptops and beyond, the store is equipped to handle a wide array of electronic maladies. Whether it’s a shattered screen that needs replacing, a battery that refuses to charge, software that’s gone awry, or a device that’s facing more intricate technical hurdles, Shabir Rupani and his team of adept technicians are prepared to tackle these challenges head-on. Their approach combines meticulous craftsmanship with swift service delivery, ensuring that every customer leaves satisfied.

Shabir Rupani expressed his enthusiasm about joining the CPR network and serving the local community, stating, “Joining the CPR network marks a significant milestone in my journey. I’m thrilled to leverage my industry experience to benefit the Chula Vista community. Our partnership with the local Chamber of Commerce is a testament to our deep-rooted belief in community integration and service. We’re not just here to repair devices; we’re here to forge enduring connections with our customers.”

Beyond his professional endeavors, Shabir is a person of varied interests, with hobbies that include playing poker, following sports, and indulging in golf. This blend of professional drive and personal hobbies reflects his belief in the importance of maintaining a balanced lifestyle, a philosophy that permeates the culture at CPR Chula Vista. This balance ensures a relaxed yet professional atmosphere within the store, making it a welcoming space for customers to bring their valuable devices for repair.

Operating hours for CPR Chula Vista are designed to accommodate busy schedules, with the store open Monday through Saturday from 10:00 AM to 7:00 PM, and Sunday from 12:00 PM to 5:00 PM. The team can be reached at 619-392-5737 or via email at chulavista@cpr-stores.com for inquiries or to schedule repair services. Further information about CPR Chula Vista’s offerings is available on their website at https://ift.tt/QOXCEtn.

CPR Cell Phone Repair, under the umbrella of Assurant (CPR by Assurant), has carved a niche for itself as a leader in the electronics repair industry. With a reputation bolstered by its top ranking as the no. 1 franchise for electronics repairs in Entrepreneur magazine’s Franchise 500, CPR operates over 500 locations across North America and beyond. The franchise’s success is built on a foundation of providing same-day repair and refurbishing services for a vast range of personal electronic devices, from cell phones to laptops, gaming systems, digital music players, tablets, and more. Founded in 1996 in Orlando, Fla., and now a proud part of Assurant, Inc. (NYSE: AIZ), CPR’s legacy of innovation and service excellence continues to grow. For more details about CPR by Assurant and its services, visit www.cellphonerepair.com.

Media Contact

Chris Jourdan
877-392-6278 ext. 7711

SOURCE: CPR Cell Phone Repair

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source https://newsroom.seaprwire.com/consumer-related/cpr-cell-phone-repair-expands-its-reach-with-new-store-opening-in-chula-vista/

2/24/2024

EstateX Partners with Brock Pierce: Pioneering the Future of Real Estate Tokenization

SAN JUAN, PUERTO RICO – 24/02/2024 – (SeaPRwire) – In an exciting turn of events, EstateX, a prominent player in the realm of real estate tokenization and cutting-edge crypto-based payment solutions, has announced a groundbreaking partnership with the visionary entrepreneur, Brock Pierce, heralding a new era of innovation and global recognition.

Brock Pierce, widely recognized for his entrepreneurial acumen and philanthropic endeavors, has left an indelible mark on the blockchain and digital currency landscape. With a storied career that includes early investments in Bitcoin and Ethereum, Pierce has cemented his status as a trailblazer in the cryptocurrency domain. His ventures, from the inception of IMI Exchange to the founding of Blockchain Capital and beyond, reflect his unwavering commitment to advancing blockchain technology and fostering sustainable development worldwide.

The collaboration between EstateX and Brock Pierce signifies a strategic convergence of industry expertise and visionary leadership. As EstateX continues to garner accolades for its innovative approach to real estate investment, Brock Pierce’s involvement injects fresh momentum into the company’s trajectory, propelling it towards unprecedented growth and success.

Under the astute guidance of Brock Pierce, EstateX is poised to revolutionize the landscape of real estate investing, lending, and ownership. With a focus on democratizing access to real estate opportunities, EstateX empowers individuals to participate in property investment with minimal financial barriers. Through its innovative features such as Property Fractional Ownership, EstateX offers users seamless access to real estate transactions, while EstateX Pay and LaunchX streamline the process of property acquisition and financial management.

Speaking on the partnership, EstateX CEO Bart de Bruijn expressed optimism about the transformative impact of Brock Pierce’s involvement, stating, “Brock Pierce’s expertise and commitment to innovation perfectly align with EstateX’s mission of empowering individuals through technology. His strategic guidance will undoubtedly propel EstateX to new heights of success.”

Echoing de Bruijn’s sentiments, Brock Pierce emphasized his belief in the transformative power of technology, stating, “Joining EstateX represents an opportunity to drive meaningful innovation in the real estate sector and make a positive impact on a global scale.”

As EstateX embarks on this transformative journey with Brock Pierce at the helm, the future looks promising. With a shared vision of innovation and empowerment, EstateX is poised to redefine the norms of real estate investment, lending, and ownership, ushering in a new era of accessibility and opportunity for investors worldwide.

For those interested in joining the EstateX platform and staying updated on the latest developments, sign up for the whitelist to receive exclusive perks and insider updates. The Token Generation Event (TGE) is scheduled for March 2024.

For media inquiries, please contact:

Anthony Watts

+44 7556 747007

About EstateX:

Based in the Netherlands, EstateX is a real estate tokenization startup co-founded by Bart de Bruijn and Thomas Onel. Recognized as the Best RWA Project of 2023 and featured in prominent publications such as USA Today and Forbes, EstateX has raised $3M to date, with each funding round selling out within minutes. Offering users exclusive real estate opportunities, hassle-free management, and instant loan options, EstateX aims to democratize global real estate portfolios, making ownership accessible to individuals worldwide with as little as $100.

SOURCE: EstateX

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source https://newsroom.seaprwire.com/technologies/estatex-partners-with-brock-pierce-pioneering-the-future-of-real-estate-tokenization/

2/23/2024

Transient Labs Spearheads Digital Art Revolution in Arbitrum Ecosystem with New Partnerships and Grants

NEW YORK – 23/02/2024 – (SeaPRwire) – In an innovative stride towards enriching the digital art landscape within the burgeoning Arbitrum ecosystem, Transient Labs, renowned for its pivotal role in the web3 art community, has unveiled an ambitious slate of partnerships and activations. These endeavors are aimed at harnessing Arbitrum’s renowned low gas fees and expansive accessibility, thereby catalyzing a new era of creativity and engagement for artists and collectors alike. This collaboration is further bolstered by a generous grant from The Arbitrum Foundation, which is earmarked to support projects that promise to infuse the network with fresh, diverse artistic expressions.

At the heart of this collaboration is the launch of the ’24 Hours of Art Genesis Catalog Campaign,’ spearheaded by Transient Labs in partnership with digital art connoisseur Roger Dickerman. This unique initiative beckons artists to mint their archival works on Arbitrum, thus leveraging the platform’s cost-efficiency. To alleviate the financial burden on creators, Transient Labs has pledged an initial grant aimed at covering the costs associated with minting and inscribing these works, thereby removing barriers to entry and spotlighting the rich tapestry of digital art archives. The climax of this campaign will see Roger Dickerman curate a professional report, showcasing 24 standout pieces minted on Arbitrum. This endeavor not only highlights the artists’ ingenuity but also celebrates the diversity of digital art that now thrives on the blockchain, underpinning the vibrant #ARTonARB community.

Chris Ostoich, COO of Transient Labs, shared his enthusiasm for the initiative, stating, “Our core mission is to democratize digital art, making it accessible and empowering for the art community at large. The Arbitrum community, known for its active engagement with digital art, presents an ideal landscape for us to introduce a series of partnerships and activations designed to enrich this ecosystem further.”

In a bid to redefine Arbitrum’s role in the digital art sphere, Transient Labs announced two major initiatives. The first entails a partnership with Floor, which introduces a new distribution channel for Arbitrum NFTs minted via The Lab. This collaboration is poised to simplify the NFT experience for users within Arbitrum, attract a broader collector base to ARTonARB, and significantly enhance the visibility of artists. Furthermore, Transient Labs is joining forces with Digital Dreams to merge the digital with the physical through a five-week First Friday Art Walk in Kansas City, powered by Arbitrum. Digital Dreams, a trailblazer in digital art galleries in Kansas City, aims to pioneer the integration of digital art and blockchain technology in the Midwest. This partnership sets a new benchmark for leveraging blockchain technology in revolutionizing digital art curation and exhibition.

Nina Rong, Head of Ecosystem Development at The Arbitrum Foundation, expressed her support for the initiative, stating, “We are thrilled to back Transient Labs in their quest to foster innovation and discovery within the digital art sector. We eagerly anticipate the fruits of this collaboration and its impact on the Arbitrum ecosystem in both the immediate and distant future.”

About Transient Labs:

Leading the charge in Web3 innovation, Transient Labs is a beacon for creators, projects, and ecosystems worldwide. Its commitment to unlocking the potential of blockchain and smart contract technology is reshaping the landscape of digital ownership. For further details, visit transientlabs.xyz or follow on Twitter.

About The Arbitrum Foundation:

The Arbitrum Foundation, established in March 2023, is dedicated to nurturing the Arbitrum network and its community, providing secure scaling solutions for Ethereum. With its flagship project, Arbitrum One, it offers a leading Ethereum Layer-2 scaling solution, facilitating ultra-fast, cost-effective transactions. Since its launch in August 2021, Arbitrum One has seen significant adoption, hosting over 2000 DeFi and NFT projects within its ecosystem. The introduction of the Nitro tech stack in August 2022 has further enhanced its capabilities, ensuring robustness and efficiency across its operations.

SOURCE Transient Labs; Arbitrum Foundation

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SeaPRwire provides real time press release distribution for companies and organizations to 6,500+ media outlets & 3.5 million professional desktops in 90 regions. It distributes press releases in different languages, including: IndonesiaFolk, IndoNewswire, SEATribune, IDNewsZone, LiveBerita, DailyBerita, TaiwanPR, SinchewBusiness, AsiaEase, BuzzHongKong, SingapuraNow, TIHongKong, TaipeiCool, TWZip, AsiaFeatured, dePresseNow, THNewson, KULPR, VNFeatured, MENAEntry, HunaTimes, DubaiLite, ArabicDir, BeritaDaring, TekanAsia, JamKopi



source https://newsroom.seaprwire.com/technologies/transient-labs-spearheads-digital-art-revolution-in-arbitrum-ecosystem-with-new-partnerships-and-grants/

Tradition Meets Innovation: The Launch of Digital Yukata Creator Fest in Tokyo

TOKYO – 23/02/2024 – (SeaPRwire) – In an ambitious blend of traditional Japanese culture and cutting-edge digital innovation, the “Digital Yukata Creator Fest” emerges as a pioneering event, spearheaded by the creative minds at MetaTokyo in a synergistic collaboration with Civic Creative Base Tokyo (CCBT). This unique festival garners the esteemed co-sponsorship of the Tokyo Metropolitan Government and the Arts Council Tokyo, a testament to its cultural and technological significance. The festival is a beacon of the merging worlds of the Metaverse, Web3 technologies, and real-life (IRL) experiences, setting a new benchmark for digital cultural expression.

Scheduled for March 2nd, the event is a clarion call to individuals of all ages, from the curious youngsters to the seasoned adults, inviting them to dive into the world of digital creativity. Participants are given a unique opportunity to transform their Yukata designs into digital wearables for avatars within the global virtual realm of Decentraland. The venue for this groundbreaking event is none other than the SusHi Tech Square 1F, located in the heart of Tokyo, Japan, promising an unforgettable fusion of digital and traditional Japanese aesthetics.

A Yukata, traditionally a casual summer kimono made of cotton or synthetic fabric, is cherished in Japanese culture for its lightweight feel and vibrant designs. It’s a garment that symbolizes both the elegance and the simplicity of Japanese summer wear, worn with pride by both men and women. Through the “Digital Yukata Creator Fest,” this traditional garment is reimagined as a digital avatar accessory, allowing for a unique cultural exchange in the Metaverse.

The initiative doesn’t stop at merely introducing digital fashion; it ambitiously connects IRL Tokyo with the digital domain of MetaTokyo through a dedicated digital architecture designed to showcase the latest in digital fashion innovation. This summer, a hybrid event will further cement the link between the digital and physical worlds, offering an immersive experience that transcends geographical boundaries.

The core objective of this initiative is to forge a bridge between the Metaverse and Tokyo, creating a platform where individuals across all age groups can showcase their creativity by designing Yukatas. These digital creations will then be shared with a global Metaverse audience, allowing participants to project their artistic expressions and enjoy Japanese culture from any corner of the world. This initiative not only democratizes fashion in the Metaverse but also offers a new way to engage with and appreciate Japanese cultural heritage.

Adding to the event’s allure, a host of renowned creators have been invited to participate as guest designers. These include luminaries such as Asao Tokoro, known for his intricate designs, KAREN11, a visionary in digital fashion, and Soultry Dubs, an artist who blends traditional and digital art forms seamlessly. Their involvement promises to elevate the “Digital Yukata Creator Fest” to new heights of creative excellence.

MetaTokyo, the driving force behind this festival, is celebrated as a “Multiverse Entertainment Studio” with a track record of partnering in global phenomena like the Metaverse Fashion Week and Metaverse Music Festivals. Its commitment to bridging digital and physical experiences is evident in its innovative approach to entertainment.

Civic Creative Base Tokyo (CCBT) serves as a nexus for public engagement with digital creativity. Through its comprehensive programs encompassing Meetups, Workshops, Art Incubation, Camps, and Showcases, CCBT is at the forefront of fostering a culture of innovation that promises to reshape Tokyo’s societal landscape. As a hub of digital exploration, CCBT plays a crucial role in bringing the vision of the “Digital Yukata Creator Fest” to life, embodying the spirit of creativity and technological advancement.

The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith.

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source https://newsroom.seaprwire.com/technologies/tradition-meets-innovation-the-launch-of-digital-yukata-creator-fest-in-tokyo/

2/21/2024

Transforming Digital Asset Security: BitValue Capital and Serenity Shield Forge Alliance

TORONTO, ON – 21/02/2024 – (SeaPRwire) – In a strategic move that promises to redefine digital asset security, BitValue Capital, a prominent investment firm, has entered into a groundbreaking partnership with Serenity Shield, a leading provider of decentralized applications specializing in secure data and digital asset storage solutions.

The collaboration between BitValue Capital and Serenity Shield marks a significant milestone in the realm of digital asset management, bringing together expertise and innovation to address the pressing need for enhanced security and accessibility in the digital space. By leveraging BitValue’s extensive ecosystem and Serenity Shield’s cutting-edge technology, the partnership aims to introduce revolutionary solutions that set a new standard for digital asset protection.

Central to this partnership is the introduction of a state-of-the-art biometric hardware wallet solution by Serenity Shield. Unlike traditional wallets, this innovative solution integrates biometric authentication, allowing users to access their assets securely through fingerprint recognition. Moreover, Serenity Shield pioneers the use of non-fungible tokens (NFTs) for seed phrase storage, enhancing security by distributing critical access components across multiple NFTs.

The biometric hardware wallet represents a paradigm shift in digital asset security, offering unparalleled protection and ease of use. By combining advanced biometric technology with the security features of NFTs, Serenity Shield sets a new benchmark for secure digital asset management, paving the way for widespread adoption of decentralized applications.

Venket Naga, CEO of Serenity Shield, emphasized the importance of security in the digital asset space, stating, “Our partnership with BitValue is a significant step towards creating a safer digital environment for all. We are introducing advanced security measures and enhancing usability, ensuring that protecting digital assets is intuitive and reliable.”

Sophie Pulitzer, Co-Founder of BitValue Capital, echoed this sentiment, highlighting the collaborative efforts to address the complexities of digital asset security. “By integrating our resources and expertise with Serenity Shield’s innovative solutions, we aim to fast-track the mass adoption of digital assets,” she said.

Beyond its technological innovations, the partnership between BitValue Capital and Serenity Shield holds the promise of global expansion and industry collaboration. Together, they aspire to redefine the landscape of decentralized applications and investment practices, ushering in a new era of trust and reliability for the global community.

About BitValue Capital:

Founded in 2017 and headquartered in Toronto, Canada, BitValue Capital is a leading early investor in blockchain technologies. With a team comprising professionals from top investment banks and institutions, BitValue Capital is committed to incubating top-tier blockchain projects and promoting global industry collaboration.

Learn more at bvcapital.ca/

About Serenity Shield:

Serenity Shield is a multi-chain solution dedicated to privacy and security, empowering individuals and businesses to interact securely in the digital world. Through its flagship product, the StrongBox® DApp, Serenity Shield enables users to reclaim control over their data, identity, and digital assets while protecting their loved ones and legacies.

SOURCE: Serenity Shield

The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith.

Sectors: Top Story, Corporate News

SeaPRwire provides real time press release distribution for companies and organizations to 6,500+ media outlets & 3.5 million professional desktops in 90 regions. It distributes press releases in different languages, including: IndonesiaFolk, IndoNewswire, SEATribune, IDNewsZone, LiveBerita, DailyBerita, TaiwanPR, SinchewBusiness, AsiaEase, BuzzHongKong, SingapuraNow, TIHongKong, TaipeiCool, TWZip, AsiaFeatured, dePresseNow, THNewson, KULPR, VNFeatured, MENAEntry, HunaTimes, DubaiLite, ArabicDir, BeritaDaring, TekanAsia, JamKopi



source https://newsroom.seaprwire.com/technologies/transforming-digital-asset-security-bitvalue-capital-and-serenity-shield-forge-alliance/

Celebrating Excellence: Robert Stapf Named Franchisee of the Year by International Franchise Association

PHOENIX, AZ – 21/02/2024 – (SeaPRwire) – In a momentous announcement, the International Franchise Association (IFA) has bestowed upon Robert Stapf, the esteemed owner of British Swim School of Hudson Waterfront, the distinguished title of 2024 Franchisee of the Year. This prestigious accolade was conferred upon Stapf during the 64th IFA Annual Convention held in Phoenix, Arizona, in recognition of his exemplary stewardship as a franchise establishment owner-operator.

Reflecting on this remarkable achievement, Stapf expressed profound gratitude towards his dedicated team, attributing the award to their unwavering commitment and tireless efforts. “This recognition is a testament to the hard work and dedication of my team over the years,” stated Stapf. “I am immensely thankful for their support; I could not have accomplished this feat alone. From the outset, our mission has been to save lives, and each student enrolled in our survival lessons represents a potential life safeguarded.”

As the overseer of British Swim School of Hudson Waterfront, serving the New York Metropolitan region, Stapf has demonstrated exceptional leadership, contributing to the steady growth of nearly a dozen locations under his purview. His visionary approach and steadfast dedication have garnered widespread acclaim within the franchise community.

Ashley Gundlach, President of British Swim School, commended Stapf’s achievement, describing it as well-deserved and emblematic of the brand’s core values. “Robert’s dedication to the British Swim School ethos and his passion for saving lives exemplify the spirit of our franchise system,” remarked Gundlach. “We are privileged to have him as part of our franchise family, and we applaud his unwavering commitment to excellence.”

The Franchisee of the Year Award, presented by the IFA, honors outstanding franchise owners who have made significant contributions to their respective brands while upholding the highest standards of professionalism and service. Nominated by their parent companies, recipients are selected based on their exemplary service to their communities, commitment to workforce development, and support for fellow franchisees.

Matthew Haller, President and CEO of the International Franchise Association, underscored the significance of Stapf’s achievement, emphasizing its alignment with the ethos of franchising. “Franchisees like Robert epitomize the essence of franchising – providing opportunities, serving others, and realizing the American Dream,” remarked Haller. “We are proud to recognize Robert Stapf with the Franchisee of the Year Award, acknowledging his transformative contributions to both his community and the franchise industry.”

For over four decades, British Swim School has been at the forefront of aquatic education, dedicated to imparting vital water survival skills to individuals of all ages. With a mission centered on ensuring the safety and happiness of every swimmer, British Swim School remains committed to its mantra, “Survival of the Littlest,” prioritizing the acquisition of essential survival skills before advancing to stroke development and advanced techniques.

To learn more about British Swim School and its franchising opportunities, visit https://ift.tt/FBGlCvn and https://ift.tt/xnCo5YI, respectively.

SOURCE: British Swim School

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2/20/2024

Empowering Traders: FundedElite Redefines the Trading Experience

LATINA, LAZIO, ITALY – 20/02/2024 – (SeaPRwire) – In the ever-evolving landscape of trading and funding, FundedElite emerges as a game-changer, heralding a new era of possibilities in the industry. Founded by Italian trading enthusiasts Christian Habibi and Artur Serhiiovych Deshko, this groundbreaking platform sets itself apart with a trader-centric approach aimed at reshaping the way traders engage with the market. With its array of unique features and strategic partnerships, FundedElite aims to empower traders globally, setting a new standard for excellence in the field.

FundedElite’s commitment to traders’ success is evident in its exceptional trading conditions, characterized by zero commissions and remarkably low spreads. By minimizing costs and maximizing profitability, FundedElite ensures that traders retain a significant portion of their earnings, fostering a more conducive environment for achieving financial goals.

At the forefront of FundedElite’s innovation is the introduction of the Second Chance feature, a pioneering concept in the trading realm. This revolutionary feature allows traders to resume their challenges from the point of failure, providing invaluable support and significantly increasing their likelihood of success. With this innovative approach, FundedElite demonstrates its unwavering dedication to supporting traders throughout their journey.

Recognizing the importance of efficient fund access, FundedElite has partnered with the Rise platform to facilitate swift and hassle-free payouts. This collaboration ensures that traders have immediate access to their earnings, enabling seamless withdrawal experiences unparalleled in the market.

Furthermore, FundedElite enhances trading flexibility by adjusting its drawdown limit to accommodate up to 14%, providing traders with greater maneuverability in implementing their strategies effectively. Additionally, the platform offers comprehensive evaluation challenges tailored to different trading styles, allowing traders to choose the path that best aligns with their preferences and skills.

Driven by the vision of its founders, FundedElite prioritizes the needs of traders, offering generous funding opportunities and profit-sharing mechanisms to empower individuals in achieving their financial aspirations. With features like raw spreads, low commissions, and a profit split of up to 90%, FundedElite equips traders with the tools and resources needed to thrive in the competitive trading landscape.

FundedElite extends an invitation to traders worldwide to embark on a journey where their success takes precedence. With its innovative features, supportive community, and commitment to excellence, FundedElite is poised to lead the way in the prop trading community, ushering in a new era of possibilities for traders everywhere.

For more information and to begin your journey with FundedElite, visit www.fundedelite.com.

Media Contact

Organization: FundedElite
Contact Person: Christian H
Website: https://fundedelite.com/
City: Latina
State: Lazio
Country: Italy

SOURCE: FundedElite

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source https://newsroom.seaprwire.com/technologies/empowering-traders-fundedelite-redefines-the-trading-experience/

2/19/2024

CalmTreasury Revolutionizes Financial Transactions with Cutting-Edge Technology Integration

LONDON, UK – 19/02/2024 – (SeaPRwire) – CalmTreasury’s recent revelation brings forth an air of anticipation for all those engaged in financial dealings through its platform. Through the infusion of state-of-the-art technology, they have taken a monumental stride towards not only augmenting the efficiency and security of transactions but also reshaping the landscape of financial engagements for both individuals and businesses.

Streamlining Financial Processes for Enhanced User Experience

The incorporation of avant-garde technology within CalmTreasury’s platform signifies a pivotal juncture in the company’s quest to furnish its clientele with a more streamlined and user-centric experience. By harnessing innovative solutions, CalmTreasury endeavors to simplify intricate financial processes, rendering them more accessible and efficient for individuals and businesses alike.

Enhancing Security Measures for Peace of Mind

At CalmTreasury, the safeguarding of users’ financial transactions takes precedence. To this end, they have seamlessly integrated cutting-edge technology and fortified their systems with robust security protocols to shield sensitive data and thwart potential threats. Consequently, users can embark on their financial endeavors with confidence, knowing that their transactions unfold within a secure environment.

Improving Transaction Speed and Accuracy

CalmTreasury’s integration of technology is geared towards not only bolstering security measures but also enhancing transactional speed and precision. Leveraging advanced algorithms and real-time processing capabilities, transactions are executed swiftly and accurately, thereby mitigating the risk of errors and delays. This, in turn, ensures a seamless and efficient experience for users, facilitating their financial transactions effortlessly.

Commitment to Innovation and Excellence

In the domain of financial technology, CalmTreasury remains steadfast in its dedication to innovation and excellence. Through the infusion of cutting-edge technology, they endeavor to furnish users with an unparalleled experience, wherein financial transactions unfold seamlessly, securely, and efficiently. This relentless pursuit of technological advancement empowers them to continually refine their platform, catering to the evolving needs of their users.

Company Details

Company Name: CalmTreasury
Company Address: Tower Place West EC3R 5BU London, United Kingdom & Wales
Company Website: https://calmtreasury.com

SOURCE: CalmTreasury

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2/18/2024

Tokn1 Secures Major Milestone with Comprehensive License in El Salvador

SAN SALVADOR, EL SALVADOR – 18/02/2024 – (SeaPRwire) – In a groundbreaking development heralding a new era in finance, Tokn1, a prominent figure in the Digital Securities realm, has reached a significant milestone by acquiring a comprehensive license from Salvadoran authorities. This remarkable feat elevates Tokn1 to an esteemed position, positioning it as one of the trailblazers in the realm of regulated Digital Securities emissions, offerings (DSOs), and global trading.

The Evolution of Digital Securities and Real-World Asset Tokenization:

Digital Securities signify a monumental shift in the financial landscape. Real-World Asset Tokenization involves the conversion of assets such as art, real estate, private equity, debt, and bonds into Digital Securities. This transformative innovation streamlines operations, ensures immediate settlements, and enhances transparency compared to conventional systems. Moreover, it facilitates fractional ownership, significantly augmenting asset liquidity and accessibility for a wider spectrum of investors.

Tokn1: The Premier Choice for Digital Securities:

Distinguished as a specialized Digital Securities Suite dedicated to the tokenization of Real World Assets, Digital Security Offerings (DSOs), and Exchange, Tokn1 bridges the gap between traditional finance and blockchain innovation. With a steadfast focus on security, transparency, and regulation, our comprehensive license in El Salvador underscores our unwavering commitment to this financial evolution.

Expanding Influence in Europe and Beyond:

Tokn1 has left an indelible mark in Europe by venturing into the European Sandbox and collaborating with regulatory authorities such as ESMA and CNMV in Spain. This strategic maneuver not only broadens our footprint across 27 European countries but also aligns with global regulatory standards. Our efforts aim to establish a seamless infrastructure for companies to effortlessly issue, distribute, and manage tokenized RWAs via Tokn1, adhering to the industry standard ERC3643, which employs reusable digital identities and verifiable credentials to ensure participation from only qualified investors.

Key Highlights:

Prominent Positioning: Tokn1’s comprehensive license places it in the ranks of industry leaders like Binance, solidifying its status as a pioneering force in Latin America’s burgeoning digital securities market.

Rapid Achievement: Securing this license within an expedited timeframe underscores Tokn1’s commitment to innovation and regulatory compliance.

Unleashing Digital Securities: As global financial markets undergo a transformative phase, Tokn1 spearheads the Digital Securities revolution.

In Numbers:

2024 Total Market Capitalization: Surpassing $342 billion

10% of Global GDP Tokenized by 2030: Estimated at $16.1 Trillion

Up to 40% Reduction in Issuance Cost, Post-Trade Settlement, and Asset Servicing

Strategic Alignment with El Salvador:

Tokn1’s milestone aligns harmoniously with President Bukele’s visionary endeavors to position El Salvador as a global blockchain and financial innovation hub. As the nation continues to garner international acclaim since embracing Bitcoin as legal tender in 2021, the introduction of advanced market players like Tokn1 further bolsters its reputation.

Commenting on this monumental achievement, Ricardo Mauas, CEO & Founder of Tokn1, expressed his honor in receiving this comprehensive license in a nation at the forefront of shaping the future of finance. This milestone serves as validation of Tokn1’s excellence and underscores El Salvador’s progressive trajectory under President Bukele’s guidance. Tokn1 eagerly anticipates unveiling cutting-edge products and services tailored for the Salvadoran audience, thus playing a pivotal role in the nation’s financial evolution.

Contact:

For more information, please visit www.tokn1.com

SOURCE: Tokn1

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2/17/2024

TokenReady: Revolutionizing Token Launches with Hedgey Finance’s Innovative Platform

NEW YORK – 17/02/2024 – (SeaPRwire) – Embarking on a mission to redefine the landscape of token launches, Hedgey Finance, the renowned provider of token vesting solutions, introduces TokenReady today, marking a significant leap forward in simplifying the intricate process of token preparation and deployment.

TokenReady emerges as a comprehensive solution, meticulously crafted by the expert team at Hedgey Finance, to cater to the diverse needs of token launches in the rapidly evolving Web3 space. With a keen understanding of the challenges faced by new entrants, TokenReady amalgamates essential resources, workflows, and service providers, streamlining every phase of the token launch journey. This holistic approach aims to alleviate the time and cost burdens burdening innovative Web3 ventures, empowering them to channel their energies towards catalyzing groundbreaking products and platforms.

Drawing from firsthand experiences and insights gleaned from collaborating with numerous startups, Alex Michelsen, Co-founder of Hedgey Finance, underscores the daunting hurdles inherent in orchestrating a successful token launch. He emphasizes the pivotal role of TokenReady in simplifying each intricate step, allowing visionary teams to navigate the complexities with ease and efficiency, thereby amplifying their focus on transformative innovation.

Hedgey Finance’s illustrious track record in powering token vesting and release schedules for esteemed Web3 entities, including Arbitrum DAO, Celo Foundation, Gitcoin, and Treasure DAO, attests to its unrivaled expertise in the domain. With the advent of TokenReady, Hedgey Finance endeavors to extend its invaluable insights and support to nascent projects at an earlier stage in the token lifecycle, fostering a culture of collaboration and empowerment within the Web3 ecosystem.

TokenReady serves as a centralized hub, consolidating indispensable resources, seasoned experts, and cutting-edge tools tailored to meet the exigencies of each preparatory phase. By eliminating the convoluted coordination previously requisite in sourcing services from disparate providers, TokenReady empowers teams to navigate seamlessly from initial ideation and planning to investor outreach, community engagement, and final launch, all under one roof.

In addition to its robust platform offerings, Hedgey maintains an extensive library of reference materials, accessible free of charge, to aid organizations in navigating the labyrinthine intricacies of token launches. From comprehensive guides on legal frameworks and tax implications to insights on community management strategies, Hedgey’s repository of knowledge equips aspiring ventures with the requisite know-how to navigate the evolving landscape of token economics with confidence and clarity.

About Hedgey Finance:

Hedgey Finance stands at the forefront of on-chain token vesting, lockup, and management solutions, epitomizing excellence through its unified platform. Catering to organizations across all stages of growth, Hedgey empowers companies with indispensable tools for aligning incentives, governing token distributions, and fostering sustainable growth, thereby catalyzing the evolution of the decentralized economy.

To explore the transformative potential of TokenReady, visit TokenReady.io, and stay updated on the latest developments by following @tokenreadyio on X.

SOURCE Hedgey Finance

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Bybit Launches “Wish Upon a Bitcoin” Campaign: Your Chance to Manifest Financial Dreams

DUBAI, UAE – 17/02/2024 – (SeaPRwire) – Bybit, ranked among the world’s top three cryptocurrency exchanges by trading volume, unveils its latest initiative, the “Wish Upon a Bitcoin” campaign, aimed at empowering individuals to realize their financial aspirations in the ever-evolving crypto landscape. Against the backdrop of burgeoning optimism surrounding crypto-related ETFs, the eagerly awaited Bitcoin Halving event, and critical interest rate determinations by the Federal Reserve, Bybit endeavors to transform dreams into reality as we embark on the journey of 2024. Drawing inspiration from the timeless tale of Willy Wonka’s Golden Ticket, “Wish Upon a Bitcoin” seeks to democratize access to the coveted “digital gold” – Bitcoin.

Participation in “Wish Upon a Bitcoin”:

“Wish Upon a Bitcoin” offers exclusive pathways for participants to actualize their dreams within the crypto sphere. Engaging in this initiative is both seamless and rewarding, offering users the opportunity to earn incremental rewards by completing simple tasks while also standing a chance to win substantial prizes, including up to five Bitcoin. For detailed information on participation, visit: Link to Campaign Details

As an added thrill for participants, Bybit introduces a Bitcoin prize pool wherein users can unlock additional BTC rewards by achieving higher total trading volumes. With the prize pool extending up to 5 BTC, participants are presented with an exhilarating opportunity to amplify their rewards and enrich their crypto journey.

Ben Zhou, co-founder and CEO of Bybit, elaborates on the ethos behind “Wish Upon a Bitcoin,” emphasizing the platform’s commitment to being more than just a trading venue. Positioned under the banner of #TheCryptoArk, Bybit aims to serve as a catalyst for positive change in the lives of its users, bridging the gap between aspirations and reality. Through this campaign, Bybit endeavors to unlock the doors to financial opportunities, facilitating the fulfillment of aspirations amidst the dynamic realm of crypto.

#Bybit / #TheCryptoArk

About Bybit:

Established in 2018, Bybit stands tall among the world’s top three cryptocurrency exchanges, boasting a user base of over 20 million individuals. Offering a professional-grade platform, Bybit equips crypto investors and traders with an ultra-fast matching engine, round-the-clock customer service, and multilingual community support. Bybit takes pride in its partnership with Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

SOURCE Bybit

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source https://newsroom.seaprwire.com/technologies/bybit-launches-wish-upon-a-bitcoin-campaign-your-chance-to-manifest-financial-dreams/

2/16/2024

LogX Revolutionizes Decentralized Exchange Landscape with Innovative Features and Milestone Achievements

DUBAI, UAE – 16/02/2024 – (SeaPRwire) – In a groundbreaking stride towards enhancing decentralized exchange (DEX) platforms, LogX proudly declares its attainment of significant milestones and expansion endeavors, firmly establishing itself as a pivotal entity in the cryptocurrency realm. Furthermore, LogX delights in the triumphant conclusion of a $6.1 million seed round, graciously supported by esteemed investors.

Distinguished by its unwavering commitment to providing an unmatched trading environment within the decentralized exchange (DEX) sphere, LogX offers a comprehensive suite of over 100 trading pairs, alleviating the burden on users to navigate disparate DEXes and chains. Notably, LogX’s Smart Order Splitting feature ingeniously distributes substantial orders across multiple DEX venues, ensuring optimal execution and operational efficiency.

A standout attribute of LogX lies in its steadfast dedication to delivering the most competitive trading expenses. By intelligently directing orders to the most cost-effective liquidity sources, accounting for variables like trading fees and funding fees, the platform empowers users to refine their trading strategies while minimizing expenses.

Key Features Defining LogX:

Cross-Chain Routing: Pioneering a revolutionary cross-chain routing innovation, LogX guarantees users access to deep liquidity, irrespective of the blockchain hosting their assets.

Powered By TradingView: Harnessing the robust capabilities of TradingView-driven charts, LogX furnishes users with cutting-edge analytical tools, including real-time market data and cryptocurrency market cap charts.

Trading with LogX: Facilitating on-the-go trading capabilities, LogX affords users unparalleled flexibility and convenience.

Expanding Ecosystem, Partnerships, and Innovative Airdrop Rewards Program:

LogX has forged robust partnerships with leading perpetual protocol providers, such as GMX, Pyth Network, Gains Network, Orderly Network, and an array of blockchain networks, including Arbitrum, Mantle, Linea, Kroma, Fuse, Telos, and Optimism.

Introducing a distinctive airdrop rewards program centered around “Log Points,” users accrue these points by engaging in trading activities across various networks on the LogX platform. Accumulated Log Points translate into future $LOGX token airdrop rewards, underscoring the platform’s commitment to user engagement and incentivization.

Milestone Achievements:

Multi-Chain Integration: LogX achieves a significant milestone by operating on eight chains, reaffirming its dedication to fostering a diverse and expansive ecosystem.

Mantle Chain Success: The Mantle Chain experiences rapid growth, surpassing $3.5 million in Total Value Locked (TVL) and exceeding an impressive $480 million in trading volume, establishing itself as a robust component of LogX’s decentralized exchange platform.

Kroma Network Surge: Witnessing a surge in trading activity, LogX crosses $16 million in trading volumes on the Kroma Network, further solidifying its presence within this burgeoning community.

LST Launch on Manta: The launch of the LST token on the Manta Chain surpasses $1 million in Total Value Locked (TVL) within 48 hours, reflecting strong demand and community response.

$2 Billion Trading Volume Milestone: Reflecting on its overall success, LogX celebrates crossing the $2 billion trading volume mark since its inception, showcasing user trust and engagement.

In summation, LogX remains steadfast in its mission to furnish a seamless and cost-effective trading experience within the decentralized finance (DeFi) realm. With strategic partnerships, innovative features, and continuous growth, LogX solidifies its standing as a frontrunner in the ever-evolving cryptocurrency landscape.

Media Contact:

Akshit Bordia

SOURCE: LogX

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2/15/2024

Transforming Data Storage: Storj’s Impact on the Tech Landscape

ATLANTA – 15/02/2024 – (SeaPRwire) – In an era where the digital realm reigns supreme, Storj emerges as a trailblazer in reshaping the landscape of data storage. With a relentless pursuit of innovation and a commitment to values-driven initiatives, Storj is poised to revolutionize the way data is stored and managed in 2024 and beyond.

Storj proudly announces a remarkable surge in the adoption of its cloud object storage solution, signaling a significant shift in the data storage paradigm. Through strategic partnerships, organic expansion, and a steadfast adherence to its core values, Storj continues to strengthen its foothold in the realms of technology innovation, policy advocacy, and environmental stewardship.

The volume of data stored within Storj’s distributed cloud infrastructure has witnessed a staggering 43% increase quarter over quarter, accompanied by an impressive 222% surge year over year. Buoyed by this momentum, Storj foresees an ongoing acceleration in its growth trajectory throughout the year 2024.

CEO of Storj, Ben Golub, expresses his pride in the growing confidence and reliance placed on Storj by customers. Highlighting the company’s exponential growth in 2023, Golub emphasizes the doubling of customer data and performance metrics, with billions of objects seamlessly distributed across tens of thousands of nodes, culminating in over 25 PB of customer data stored on the network. With esteemed clients ranging from major production studios to healthcare giants and telecommunications leaders, Storj is well-positioned to cater to the diverse needs of its expanding clientele base.

Amidst the exponential proliferation of data in recent years, cloud storage has emerged as a cornerstone of the digital economy, projected to swell into a $480B market by 2030. Storj’s core strengths lie in its ability to efficiently manage large files inherent to sectors such as video production, scientific research, healthcare, and artificial intelligence. By offering S3-compatible, enterprise-grade cloud object storage solutions at a fraction of the cost and environmental footprint of traditional providers like AWS, Storj is driving a paradigm shift in the industry.

In a testament to its pioneering approach, Storj has forged strategic alliances with 30 technology partners and 15 resellers in 2023, catering to diverse niches ranging from media production to secure backups and high-performance video processing. Recognized as a disruptive force in the realm of object storage, Storj was featured as the first distributed cloud storage provider in Forrester’s Object Storage Landscape report, earning accolades for its innovative edge-computing paradigm. Additionally, the company clinched the prestigious Cloud Computing and Storage category award at the 2023 NAB Show Product of the Year Awards.

Embracing sustainability as a cornerstone of its ethos, Storj has unveiled groundbreaking initiatives aimed at reducing carbon emissions and fostering environmental stewardship. Through the publication of a whitepaper highlighting the environmental benefits of distributed cloud storage, Storj has demonstrated a remarkable 83% reduction in carbon emissions compared to traditional data center models. By harnessing existing storage capacity and leveraging open-source technology, Storj not only mitigates its carbon footprint but also circumvents supply chain challenges inherent to traditional data centers.

As the world grapples with the looming specter of climate change, Storj remains steadfast in its commitment to sustainability-driven innovation. Co-founding the Digital Sustainability Alliance alongside industry leaders, Storj seeks to spearhead transformative solutions that address the environmental impact of digital technologies. Through advocacy efforts at international forums such as the United Nations Climate Change Conference, Storj aims to catalyze meaningful change and usher in a new era of digital sustainability.

In an age where cybersecurity threats loom large, Storj prioritizes data security and compliance, offering a robust suite of encryption and redundancy features to safeguard against outages, ransomware attacks, and data breaches. With the launch of Storj Select, fortified with SOC2 certifications, the company extends its commitment to security and compliance, catering to the stringent requirements of enterprises in industries such as healthcare and finance.

Looking ahead to a landmark year in 2024, Storj remains poised for continued growth and innovation. Bolstered by strong financials, a seasoned leadership team, and a commitment to transparency and inclusivity, Storj is primed to shape the future of data storage and emerge as a beacon of sustainability-driven technological advancement.

 

Press Contact:
Jackie Lucas
Public Relations
978-255-1159

SOURCE Storj

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Revolutionizing Crypto Compliance: IDnow Leads Consortium for EU Regulations

MUNICH -15/02/2024 – (SeaPRwire) – In a concerted effort to navigate the intricate landscape of European regulatory compliance in the crypto asset realm, IDnow, a prominent identity verification platform provider in Europe, has joined forces with a consortium comprising five esteemed partners: the IOTA Foundation, walt.id, SPYCE.5, and Bloom Labs. Together, they aim to address the stringent requirements laid out in the European Anti-Money-Laundering Regulation and the Transfer of Funds Regulation (TFR), specifically targeting Crypto Asset Service Providers (CASPs) and self-hosted wallets.

The recent implementation of the TFR regulation within the EU mandates the inclusion of identifying data for both senders and receivers in all cryptocurrency transactions. Under this new rule, compliance with TFR becomes obligatory for all CASPs, aligning them with similar Anti-Money-Laundering (AML) regulations applicable to traditional financial institutions. Consequently, CASPs are compelled to undertake an identification process during user onboarding and wallet registration to adhere to the AML Regulation and TFR.

One of the primary hurdles faced by CASPs in meeting these new regulatory standards is ensuring compliance with the General Data Protection Regulation (GDPR), which prohibits the storage of personal identifiable information (PII) on blockchains or Distributed Ledger Technologies (DLT). However, despite this restriction, CASPs must possess comprehensive knowledge of their clientele and continually verify this information to fulfill regulatory obligations.

To surmount this challenge, the consortium has devised a pioneering system whereby a trusted entity tokenizes the identification process it has observed. This process results in the creation of soul-bound tokens (SBTs), which allow CASPs to confidently engage in identification processes without divulging any PII. These SBTs can then be utilized for blockchain operations, facilitating web3 native interactions. Moreover, the trusted entity retains the capability to disclose identity information upon request by authorized entities such as law enforcement, as well as to revoke SBTs if necessary.

Within this collaborative endeavor, each partner plays a vital role in realizing the proposed solution. The IOTA Foundation, renowned for its support of the IOTA protocol’s development, will provide the foundational network, which will be implemented on an Ethereum Virtual Machine (EVM)-compatible IOTA Smart Contract Chain. walt.id will leverage its expertise in decentralized identity and wallet infrastructure to develop and maintain the trusted witness service responsible for generating and verifying SBTs. IDnow will contribute its identity verification solution to facilitate user onboarding into the wallet solution, while Bloom Labs will furnish the necessary capabilities for users to store, present, and prove ownership of SBTs. SPYCE.5’s specialization in hybrid blockchain technologies will ensure seamless interchain communication and transaction validation, bolstering the system’s overall efficiency and regulatory compliance.

In expressing their commitment to this collaborative initiative, representatives from each consortium member shared their perspectives on the endeavor’s significance. Rayissa Armata, Director of Global Regulatory and Government Affairs at IDnow, underscored the consortium’s role in addressing pressing regulatory challenges faced by crypto wallet solutions in Europe. Dominik Schiener, Chairman of the IOTA Foundation, emphasized the need for user-friendly solutions that uphold privacy and security amidst evolving regulatory landscapes. Dominik Beron, Founder of walt.id, highlighted the project’s innovative approach to onboarding and verifying users for crypto and DeFi use cases. Nicole O’Brien, Co-founder of Bloom Labs, expressed excitement about the project’s potential to ensure compliance with EU regulations. Finally, Holger Köther, Managing Director of SPYCE.5, commended the consortium’s pioneering efforts in navigating the complex realm of EU regulations.

Press contact IDnow
Katherina Riesner
+49 89 41324 6030

SOURCE IDnow

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