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Seizing The Future Of Crypto: Why Swopblock Could Be Your Ground-Level Opportunity

Benzinga

By James Wells, Benzinga Learn more about and invest in Swopblock via Wefunder The largest asset managers on Earth seem to be competing to secure approvals for Spot Bitcoin ETFs, with BlackRock leading the pack with a 575-1 approval rate. This marks a significant milestone for investors, as traditional finance is increasingly adopting cryptocurrency and considering tokenization across various sectors. Recent wins for Grayscale's Bitcoin ETF and Ripple's SEC case have elevated confidence in the crypto market among traditional financial institutions, while retail investors remain cautious. This divergence between institutional and retail interest has created market inefficiencies, lowering the actual risk and opening doors for significant wealth creation, especially for those who can identify these gaps. However, for the average investor, simply investing in Bitcoin for modest returns is not enough due to its already massive market cap. The real opportunities lie in finding undervalued projects, particularly in the decentralized finance (DeFi) sector, which has gained traction following the 2022 FTX collapse and subsequent insolvencies. Enter Swopblock, a new entrant aiming to revolutionize the crypto subsector by becoming the world's first fully decentralized cross-chain exchange platform. This article will explore why Swopblock is not just another crypto project but a potentially high-reward investment with enormous market potential. Unveiling The Competitive Edge Of Swopblock Swopblock stands out as an innovator in the crowded DeFi landscape, offering fully decentralized, cross-chain trading features. Unlike other decentralized exchanges that still incorporate centralized elements, Swopblock offers total decentralization, reporting that they provide a level of security unseen in the cryptocurrency space. Had investors used Swopblock, losses from the FTX collapse, Celsius, or 3AC would have been avoided. The platform's unique approach to liquidity involves distributing it across user wallets, enabling you to contribute your own liquidity for trading. Adding to its allure is the limited supply of its native asset, SWOBL. With a cap of 52.8 million assets, over 18 million have already been allocated to early investors. How Swopblock Stands Out While platforms like Polygon and PancakeSwap offer decentralized features, they still carry risks – particularly in their liquidity pools. Swopblock distinguishes itself from competitors like THORChain and Polygon by providing complete decentralization while also providing cross-chain functionality. Fueled by its native SWOBL token, Swopblock allows users to bring their own liquidity to their trades, maintaining full control within their own wallets. This not only resolves the self-custody issues often found in centralized finance but also eliminates the 'honeypot' vulnerabilities typical of traditional DEXs. Understanding The Critical Role Of Scarcity In cryptocurrency trading, scarcity often boosts value. Swopblock's limited SWOBL asset supply creates urgency and growth potential for investors. Serving as the sole liquidity source, SWOBL as linked to various blockchains like Ethereum and Bitcoin, tying its demand to trading volume. As Swopblock gains traction, the demand for SWOBL is likely to rise, offering traders, investors and asset holders – including Swopblock itself – an opportunity for substantial gains. This is a golden opportunity to invest in a project that offers not just scarcity but also value accrual and genuine innovation in the DeFi sector. The DEX Market Opportunity With institutional investors flooding into the market and retail following thereafter – the demand for self-custodial and secure means of exchange will be astronomical. Decentralized exchanges are not a fad; they are the future. The evolution of mainstream cryptocurrency adoption generally starts with centralized exchanges (CEXs) and gradually moves towards DEXs. A recent Binance report highlights this shift, showing that the DEX-to-CEX spot trade volume ratio has surged from 0.23% to 16.9% in just over three years. As investors recognize CEX risks and the profitability of altcoins on DEXs, the shift towards DEXs is expected to continue. Swopblock, with its unique 'Consensus Mechanism and Liquidity Stream' technology, offers a 100% decentralized means of exchange, setting it apart in the growing DEX landscape. Swopblock: The Future Of Cryptocurrency Trading? If you're an investor who wants to get ahead and take advantage of the current uncertainty in the crypto market — especially as big financial institutions take greater interest — Swopblock could be an excellent opportunity for you. With its advanced technology and limited $SWOBL supply, Swopblock may be poised for potential gains in the next bull market. Investing via Wefunder would allow you to join this transformative venture. However, while Swopblock has its merits, it's important to note that crypto investments are risky due to their volatile and speculative nature. Always diversify and do your research before investing. Learn more about and invest in Swopblock via Wefunder This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 26, 2023 09:25 AM Eastern Daylight Time

Wallabing Is Giving Renters And Owners An Alternative To High Fees Plaguing The Peer-To-Peer RV Rental Market

Benzinga

By Rachael Green, Benzinga Click here to learn more about Wallabing and invest in its raise Younger travelers, in general, look for adventure and new experiences, with RV travel ranking high as a lower-cost means of exploring the country, especially with a family in tow. In a survey by RVshare, 75% of millennials and 58% of Gen Z said they were planning to take a road trip or vacation in an RV within the next year. For many, the reason they’re opting for RV travel is a greater preference for nature and wildlife as well as an interest in spending quality time with friends and family. Peer-to-peer rental platforms like Wallabing make getting that experience and quality time that today’s travelers value easier and more affordable. As the new RV rental platform raises capital on WeFunder and works toward profitability, take a look at why RV rental platforms are taking off and what makes Wallabing different from similar platforms in the space. Younger Experience-Focused Travelers Are Driving A Renewed Interest In RV Travel As millennials start entering their 30s and 40s, the notorious industry-killing generation isn’t killing travel – but they are drastically changing it. According to a Morning Consult report, millennials travel more than any other age group, even edging out the wealthier and often retired Baby Boomers. Despite being saddled by debt and weathering three economic downturns, millennials are not only still willing to spend on travel but see it as an important piece of their identity and what makes life worth living. As a result, that spend tends to be a lot more intentional, and they’re much more likely to spend on experiences rather than luxury goods. That high priority younger travelers place on travel balanced by the need to be cost-conscious and careful about how they spend their travel budget makes RV rentals one of the best ways to check all the boxes. Spontaneous new adventures suddenly become more attainable when you can just book an RV when you need it and give it back to the owner when you’re done. For owners, the platform can not only help make up the cost of ownership but also turn their RV into a passive revenue stream when they’re not traveling themselves. Since most owners only use their RV for about 20 days per year on average, that’s a lot of downtime that can be turned into extra cash. RV Rental Platforms Like Wallabing Bridge The Gap Between RV Owners And Renters That win-win scenario for owners and renters has helped the emerging RV rental market see notable growth. “With the rapidly growing rental market for RVs, valued at $546 million in 2020, and the forecast of 44 million Americans planning to go RVing this summer, Wallabing's platform emerges as an essential solution,” said Wallabing’s lead investor, Mark Thimmig. However, the challenge that owners and renters alike face in the current RV rental landscape is high fees. “I currently rent my 2 Campers on both Rvshare and Outdoorsy,” said Wendell Olson, a Wallabing investor on WeFunder. “I see RVshare take 25% of my nightly rate and the same on back end charges. Outdoorsy takes less on nightly and much less on back end charges but it's still high.” Moreover, many of these platforms are also charging similarly high fees to renters. So renters end up paying more – and RV owners earn less. That’s what Wallabing founder and CEO Jason Carlson wanted to do differently with the launch of the new RV rental platform. On Wallabing, owners pay nothing to list and aren’t charged any fees when their RV is rented. The price they set is the price they get, making it the only platform to date that doesn’t charge a commission to owners. Instead, the platform earns revenue from a flat 10% fee charged to renters on the nightly rate only – not on any cleaning fees or other add-on services. The transparent, low-fee pricing structure saves renters up to 25% per trip on average. In the first phase of its growth, Wallabing has been focused on building up its RV inventory, which has grown 628% so far, including a 25% increase in new listings in the first half of this year. Its goal is to have over 150,000 RVs listed on the platform within the next five years. Alongside that growing inventory, Wallabing recently began a PR and marketing campaign to reach renters. That helped bring in over 30,000 new users since June and substantially grow the company’s social media following. As that increased user base and social media following starts to translate into RV bookings, the peer-to-peer RV rental platform is targeting $780,000 in gross revenue per month by the end of their fiscal year. As it works toward profitability, it is raising funds via its recent WeFunder campaign and talking with Venture Capitalists and angel investors. So far, it’s raised over $1 million in capital from an initial family and friends funding round along with over $55,000 from investors on WeFunder. Learn more about Wallabing and its raise here. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 26, 2023 09:25 AM Eastern Daylight Time

The Channel Company Announces CEO Transition

The Channel Company

The Channel Company (“TCC”), a global provider of news, insights, strategy, events and marketing services for the technology industry, today announced that Blaine Raddon has decided to retire and will be stepping down as CEO, following a successful three‐year tenure. Robert Gray, an Operating Partner at EagleTree and member of TCC’s Board of Directors, will step in on an interim basis while the Company launches a search to identify a successor. Mr. Gray has extensive experience in management, operations and finance including as a former executive at PRNewswire and UBM Plc. "I am honored to lead TCC through this transitional period," said Mr. Gray. "I look forward to working with the TCC management team and colleagues to continue delivering outstanding customer solutions across the global IT channel." Under Mr. Raddon’s leadership, TCC completed four acquisitions, expanded its product and service offerings, and broadened its international footprint. "I am proud of what we have accomplished together at TCC," said Mr. Raddon. "We have built a strong team and a diverse, global business. I am confident that TCC is well‐positioned for continued growth and success in the future. " About The Channel Company: Headquartered in Westborough, MA, The Channel Company has been servicing the technology channel community for over 40 years. From CRN, the #1 source of technology news, insights, and analysis for the IT channel, to industry‐leading events that connect clients to customers, to powerful research, consulting and engaging education to accelerate growth, to transformative marketing services to maximize investment, The Channel Company provides a full suite of outcome‐driven services focused on addressing the channel’s unique needs worldwide. The Channel Company is a portfolio company of investment funds managed by EagleTree Capital, a New York City‐based private equity firm. https://www.thechannelcompany.com About EagleTree Capital: EagleTree Capital is a leading New York‐based middle‐market private equity firm, with over $5.6 billion of assets under management, that has completed over 40 private equity investments and over 95 add‐on transactions over the past 20+ years. EagleTree primarily invests in North America in the following sectors: media and business services, consumer, and water and specialty industrial. For more information, visit www.eagletree.com or find EagleTree on LinkedIn. Contact Details The Channel Company Corporate Communications +1 508-531-9172 corporatecommunications@thechannelcompany.com Company Website https://www.thechannelcompany.com

September 25, 2023 11:31 AM Eastern Daylight Time

A Very Important Change Is Coming for Airplane Bathrooms

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/g4fqkbuzqjA The Department of Transportation (DOT) is making larger single-aisle airplanes more accessible by requiring accessible lavatories for people with disabilities. While this rule will be implemented over the coming years, it is a monumental achievement for the disability civil rights movement. Under previous standards, people who use wheelchairs have no way to access the restroom on single-aisle aircraft. They are forced them to dehydrate themselves, or even soil themselves, before flights – causing major bodily harm! Over the past 75 years, Paralyzed Veterans of America (PVA) has led the fight for accessibility — and air travel is no different. PVA helped pass the landmark legislation to first make air travel accessible over 35 years ago, and they played an integral role in securing accessible airplane lavatories. They continue to advocate for additional reforms that will ensure a safe, dignified air travel experience for people with disabilities. So, what does this new rule mean for the future of accessible air travel? And what else is needed to make the air travel experience fully accessible for people with disabilities? Now is an opportunity for your audience to learn more about the new rule and the ways Paralyzed Veterans of America (PVA) has helped secure this monumental achievement, and how they continue to advocate for other meaningful reforms related to the upcoming renewal of the Federal Aviation Administration. A nationwide media tour was conducted featuring Chief Policy Officer at Paralyzed Veterans of America, Heather Ansley discussing the new lavatory rule and additional reforms that must be made to make air travel fully accessible through the reauthorization of the FAA. Additional topics that were discussed included: What the new Department of Transportation rules will do. What this means for the disability community. Why this DOT rule was desperately needed. The reasons why air travel is so far behind basic standards. What else needs to be done to ensure air travel is accessible. PVA remains on the forefront of the disability civil rights movement – fighting for stronger ADA enforcement, expanding support for home-based care, and more. To join PVA’s fight for greater enforcement of the ADA, visit PVA.org/ADA, or for air travel, visit PVA.org/AirTravel. About Paralyzed Veterans of America Paralyzed Veterans of America is a 501(c)(3) non-profit and the only congressionally chartered veterans service organization dedicated solely for the benefit and representation of veterans with spinal cord injury or diseases. The organization ensures veterans receive the benefits earned through service to our nation; monitors their care in VA spinal cord injury units; and funds research and education in the search for a cure and improved care for individuals with paralysis. As a life-long partner and advocate for veterans and all people with disabilities, PVA also develops training and career services, works to ensure accessibility in public buildings and spaces, and provides health and rehabilitation opportunities through sports and recreation. With more than 70 offices and 33 chapters, Paralyzed Veterans of America serves veterans, their families, and their caregivers in all 50 states, the District of Columbia, and Puerto Rico. Learn more at PVA.org. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

September 25, 2023 10:40 AM Eastern Daylight Time

Video

News Direct Founder & CEO, Gregg Castano, Explains Why His Company Has Embraced “Multiplicity”

News Direct

For decades, the concept of "sticking to your knitting" has been the de facto rationale for certain risk-o-phobic executives to avoid taking any unnecessary chances with their businesses. Throughout the history of commerce, countless companies have adopted the strategy of "focusing on what we do best" rather than picking a well-thought-out limb or two to crawl out on. While this may have averted failure in many cases, it's reasonable to argue that it has also often prevented greater success. Contrary to what many believe, success is not the absence of failure but, quite frequently, the residue of learning from it. This is not to suggest that corporate leaders should go off half-cocked pursuing every idea that crosses their desks (or minds). Instead, they should carefully consider seizing the moment as appropriate opportunities present themselves, as opposed to reflexively shielding their companies from potential downside each time uncomfortable or counterintuitive propositions arise. For this to work, it is necessary to remain within what my former employer, Warren Buffett calls your "circle of competence". Simply put, one's circle of competence consists of the subject areas which match that person's skills and expertise. This could, in fact, cover quite a large swath of territory, but the key to staying within it is to know its boundaries. Rather than viewing these boundaries as limitations, however, senior executives should view them as growth opportunities that can be activated by venturing a bit further away from the core business (aka the comfort zone) - yet not too far afield to where they find themselves in unfamiliar terrain. In other words, look for complementary and adjacent business niches to exploit that align with your experience and expertise. This will expand the scope and resilience of your business without exposing your company to disproportionate risk. In the case of News Direct, my founding objective was to shake up the sleepy and complacent newswire space using the most current technology. Our depth of knowledge and expertise in this arena (part of our circle of competence) allowed us to radically redesign the entire business model into one that our experience told us would eliminate the many known pain points and thereby resonate with customers. It has worked well beyond even our own ambitious expectations. But that success, for us, wasn't the end of the process, but just the beginning. Rather than backslapping ourselves for a job well done, we began deploying the very technology that enabled us to leapfrog the newswire status quo to create, and uncover, a variety of adjacent and complementary directions into which our platform could expand. This is how we embraced the concept of "Multiplicity". Multiplicity is defined by the Merriam Webster dictionary as the "quality or state of being multiple or various". That definition perfectly describes the News Direct raison d'etre. Since our launch in mid-2020, our platform has spun off numerous extensions of the core newswire business that enable our customers to perform multiple communications tasks that augment, expand and increase their messaging strategy options. To date, in addition to the newswire, we also offer clients' opportunities to post sponsored content on our Idea Marketplace, get interviewed on our podcast, News Directly, over the News Direct Podcast Channel or appear in a segment of our streaming TV program, News Direct Insights, from the floor of the NYSE, produced in partnership with Fintech.TV. An agile technology stack, cloud-based and custom-written, has allowed us to quickly incorporate a variety of meaningful service offerings into our product mix without leaving our circle of competence or straying from relevance to our client base. The result is a single platform, multichannel solution that provides multiple points of entry into client relationships, expands our target audience and diversifies our revenue streams. All of which contribute to the health and sustainability of our business. That's what Multiplicity can do. Contact Details News Direct Media at News Direct media@newsdirect.com Company Website http://www.newsdirect.com

September 25, 2023 09:48 AM Eastern Daylight Time

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Shapeways Enables and Empowers Small to Midsized Manufacturers Through Digitization

Benzinga

By Faith Ashmore, Benzinga Greg Kress, the CEO of Shapeways Holdings, Inc. (NASDAQ: SHPW), recently appeared on the Let’s Talk Supply Chain podcast. During the discussion, Kress highlighted the gaps in the digitization of the manufacturing industry and explained Shapeways’ role in addressing these challenges. As a leader in the field of digital manufacturing, Shapeways continues to redefine the global manufacturing industry by providing on-demand manufacturing and simplifying complex production processes through proprietary software. The company is helping small and midsized manufacturers do this by providing access to Shapeways’ proprietary software and supporting them in digitizing their operations, growing revenue and expanding manufacturing capabilities. “Small and midsized manufacturers are enabling incredible amounts of innovation in the US,” said Kress. “They are driving the manufacturing industry—and the amount of available work out there is enormous. Our goal is to enable them to be really successful.” Kress compares his business model to what Toast (NYSE: TOST) did for the restaurant industry. Toast is a cloud-based restaurant management software that has essentially brought much of the restaurant industry into the 21st century. Shapeways is using that inspiration to provide small and midsized manufacturing companies with the resources they need to succeed and expand. “Previously no one had access to industrial grade manufacturing equipment without investing millions of dollars and having a ton of know-how and time,” said Kress. “Now, Shapeways is allowing anyone to get access to on-demand manufacturing services at scale,” Shapeways is democratizing the manufacturing industry and expanding accessibility so that small to midsized companies can excel in their craft. The company has invested millions of dollars in the digitalization of end-to-end operations and building scalable software that caters to the market. On the podcast, Kress discussed how the pandemic has been a wake-up call for the company, regarding the need for better workflows in manufacturing overall, sharing: “COVID has re-set the playing field. The amount of on-shoring we’re seeing is significant, and with the level of supply chain flexibility that’s required moving forward, there’s a different expectation. Those two challenges require businesses to take a step back and reexamine their approach in how to solve them.” In many ways, Shapeways has become that solution. Realizing a need–and recognizing the opportunity–to reshape manufacturing, Shapeways responded with the launch of OTTO, a proprietary software platform that streamlines ordering, performs file analysis, and accelerates production. OTTO offers advantages beyond optimizing labor efficiency, asset utilization, and inventory costs. This powerful software platform also strengthens relationships between manufacturers and their customers, encouraging growth and paving the way for future opportunities. Shapeways acquired MFG in 2022 to provide further support to manufacturers and buyers by adding new software features and services. MFG allows buyers—including engineers, product designers, and inventors—to submit requests for quotes (RFQs) to MFG’s network of independent manufacturers. This enables buyers to get multiple quotes quickly, at no cost. Manufacturers also benefit from the opportunity to gain new leads and build customer relationships. Shapeways isn’t content to stop there though. With increased investment in MFG, the platform now offers new orders and transactions features that streamline process management and payments, aimed at increasing efficiency for both manufacturers and buyers. Shapeways recently introduced MFG Materials too, a new feature providing paid members with access to a wide range of raw materials at 15 to 50% off list prices. Kress shared that the company has experienced success with customers under their multi-tiered model: "Our customers typically upgrade very quickly. The payback period is very fast. If you close one order on the platform, you’ve paid for your investment in MFG for the next two years. There’s a very strong ROI associated with the process." Shapeways seems well-positioned to revolutionize the manufacturing landscape, and Kress is confident in the company’s unique offerings within the industry. By extending their innovative, on-demand manufacturing services and software to a broad range of industries, Shapeways allows other companies to tap into their knowledge and insights to remain competitive in an ever-changing modern market. Read more about what Shapeways is doing in the manufacturing and software industries. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 25, 2023 09:25 AM Eastern Daylight Time

News Release

BuyMediaInc Making Brands Viral WorldWide

Buy Media Inc.

More and more businesses are now relying on BuyMediaInc to get featured on multiple tier 1 and tier 2 newspapers. Founded by a group of experienced editors and marketing experts, this digital marketing solutions provider creates opportunities for brands to receive global coverage and go viral for a significant period of time. The company has a great track record of getting its clients published on Forbes, Bloomberg, The New York Times, WSJ, Mashable, Entrepreneur, USA Today, The Washington Post, New York Post, and many others. BuyMediaInc thrives to deliver business impact through marketing and PR, with its unique combination of industry experience, urgency, intellectual curiosity, and precision. In addition to publishing news stories on globally acclaimed news sites, the company also provides writing support to enhance the brand exposure of its clients. With years of industry experience, the BuyMediaInc team understands that each marketing channel has its own unique advantages, and work best when they are strategically combined with other channels. This is why they provide clients with full-service strategies that utilize a comprehensive mix of digital channels to enhance visibility, boost conversions, and drive revenue. “In the past few years we helped hundreds of small/mid size and new companies to get featured on Global newspapers as well as getting viral across social pages,” said Alex Fischer, Head of Partnerships from Buy Media Inc. More about the company and its services can be found at https://buymediainc.com BuymediaInc is a digital marketing service provider dedicated to generating revenue for businesses. The company was founded by a team of editors and marketing experts to help brands get global coverage and go viral. Contact Details Alex Fischer business@buymediainc.com

September 24, 2023 01:35 AM Eastern Daylight Time

SYMBIOME LAUNCHES ITS PROPRIETARY POSTBIOMIC SKINCARE LINE ON DERMSTORE AND SKINSTORE, DISRUPTING TRADITIONAL BEAUTY CATEGORIES

Symbiome

Symbiome, the leading microbiome-nourishing skincare company, is now available for sale on Dermstore and SkinStore, The Hut Group's digital beauty retailers. Symbiome continues to scale its offerings from its direct-to-consumer platform, through online retailers and brick-and-mortar channels. Symbiome’s proprietary PostBiomic fermentation process takes place in Brazil, where the plants are fermented with microbes that are derived from the plant’s microbiome and native biome. The plants and their microbes co-evolved together over millions of years, allowing Symbiome’s PostBiomic fermentation process to optimize and unlock the maximum benefit and potency from these ancient biological relationships. The fermentation typically takes weeks but can take longer, depending on the product. The resulting products contain a complex and dense variety of bioactive molecules with optimal bioavailability, each intentionally crafted to nurture the microbiome the way nature intended. Symbiome’s Chief Operating Officer, said of the partnership: “[w]e couldn’t be more excited to launch on Dermstore and SkinStore. They are the premiere global spots to shop for prestige and scientifically efficacious skincare.” About Dermstore Founded in 1999, Dermstore.com has been considered the “Skincare Authority” by offering the highest quality products, straight-from-the-experts information, and fostering a passionate community dedicated to learning and exchanging information about healthy skin. About SkinStore Founded in 1997, SkinStore is the destination for beauty discovery: our unmatched range of premium beauty—from the best in proven, quality skin care to the most sought-after make-up and hair care brands—SkinStore is the go-to online retailer for the ultimate beauty routine. With over 350 of the world’s top brands, SkinStore invites its customers to explore beauty’s most innovative products across categories and trending ingredients. About Symbiome Symbiome is a San Francisco-based microbiome biotechnology company focusing on health and wellness. They are the developers of the Symbiome ® brand of BioIntact ® fermented skincare products that nourish and protect the skin and its microbiome, restoring what our skin has lost in the modern world. Symbiome has sponsored three international academic research expeditions deep into the Amazon rainforest, defining an evolutionary reference for the microbiome and transforming our understanding of the healthy human microbiome. Symbiome scientists have translated this groundbreaking research into a line of unique, proprietary skincare products formulated with naturally fermented, Amazonian botanicals. The brand's skincare lineup includes ten clean, organic, sustainable, and traceable products — each with less than eight ingredients. Learn more about Symbiome, and follow Symbiome on Instagram, LinkedIn and Facebook. Contact Details Ali Taekman ali@bpcm.com Company Website https://www.symbiome.com

September 22, 2023 12:00 PM Eastern Daylight Time

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MultiversX Rivals the World’s Largest Hackathon Prize Fund of $1M to Expand the Blockchain Ecosystem at xDay 2023

STORM Partners

Sep 22nd, 2023 - MultiversX has announced the launch of its global development event, the xDay Hackathon, to further expand the Web3 ecosystem for new and emerging projects. Organized alongside Encode and Dora Hacks, the event is powered by its esteemed partners, including Google Cloud, Tencent Cloud and Deutsche Telekom, offering prizes and funding of up to $1M. MultiversX is offering one of the largest hackathon prize funds in history. Beyond cash and seed funding rewards, the grand prize offers the winning project an exclusive spot on the xLaunchpad platform. This grants them access to an incubation platform that provides emerging projects with assistance in multiple areas including: funding, legal & compliance, marketing and developer support amongst other services, while also giving access to a community of over 100,000 users. The xDay Hackathon has already garnered impressive interest, with over 500 participants registered. The event has been designed to offer invaluable learning opportunities, including 19 workshops and 4 AMA sessions. Developers can build tools, scripts or smart contracts in languages like Rust, C/C++, Python, and TypeScript, making the xDay Hackathon a global call for coders of all skill levels. " The xDay Hackathon is the very best time to build. Builders, tools, prizes, funding. Everything is ready for the global builder community. Time for builders to explore new ways of utilizing the unique capabilities of the MultiversX network. " says Beniamin Mincu, CEO of MultiversX. Registrations for the xDay Hackathon are still open at xday.com/hackathon until October 16th. The event spans across six tracks: AI, DeFi, Payments, Infrastructure & Dev Tooling, Mobile Apps, Gaming & Metaverse, running from September 21st to October 20th. While the event is hosted online, the grand finale will be held at the xDay conference, in Bucharest, Romania, with optional in-person attendance. The MultiversX ecosystem has rapidly grown to become a leading force in the blockchain space, boasting an impressive 2.3 million wallets, over 345 million processed transactions, and a thriving community of builders with 2,500+ tokens, 6,500+ applications and over 2 million NFTs created. About MultiversX MultiversX is a highly scalable, secure and decentralized blockchain network created to enable radically new applications, for users, businesses, society, and the new metaverse frontier. About Encode Encode Club is a leading web3 education community. Its mission is to help ambitious, talented people achieve personal and professional goals together in web3. Encode does this through organising high-quality programmes including hackathons, coding bootcamps, educational workshops, and accelerators in partnership with the leading blockchain protocols. Once participating in the programming, they help people get hired through the dedicated recruitment arm or receive investment through the investment fund. About DoraHacks DoraHacks is a global hackathon organizer and one of the world's most active developer incentive platforms. It creates a global hacker movement in blockchain, quantum computing and space tech, and provides a wide range of toolkits to help developers around the world team up and fund their ideas and BUIDLs via hackathons, bounties, grants and more. Distributed by STORM Partners. Contact Adrian Bono for interviews and quotes - adrian.bono@storm.partners or telegram @STORMPartners Contact Details Media Contact: Dan Voicu, Head of Communications dan.voicu@multiversx.com

September 22, 2023 10:49 AM Eastern Daylight Time

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