All Industries

Through Tree-Planting Partnership With Evertreen, Diamond Lake Minerals (OTCMKTS: DLMI) Seeks To Send Out Message: The Future Of Finance Can Indeed Also Be Green

Benzinga

By Austin DeNoce, Benzinga Over the last several years, environmental awareness and the need for sustainable practices have grown into a business imperative across developed economies. Sustainability and environmental consciousness are now driving many investments, with the rise of environmental, social and governance (ESG) investing. Recognizing this, Diamond Lake Minerals Inc. (OTCMKTS: DLMI), a pioneer in the development and support of digital assets and SEC-registered security tokens, has joined forces with the eco-conscious platform Evertreen, marking a significant stride in its commitment to ecological leadership and corporate responsibility. A Partnership Rooted In Environmental Consciousness Evertreen is a platform dedicated to environmental conservation through reforestation. It provides individuals and businesses the opportunity to offset their carbon emissions and alleviate poverty around the world by planting trees through partner farmers. With that in mind, Diamond Lake Minerals's collaboration with Evertreen is a testament to its own dedication to environmental conservation. By initiating the planting of 500 mangrove trees in Kenya, the company has planted 1,000 total trees with 308 tons of CO2 being absorbed. Mangroves were specifically chosen for their unique benefits, including erosion prevention, carbon sequestration and supporting biodiverse ecosystems and local communities. This planting is also just the start of a more extensive campaign, with the vision to plant millions of trees over the next decade as part of its long-term commitment to environmental sustainability. Notably, this initiative also contributes to a number of United Nations Sustainable Development Goals (UN SDGs), demonstrating Diamond Lake Minerals' ability to align its broader vision of integrating ethical business practices with technological advancement. Planting trees supports opportunities for income and livelihood through sustainable forestry and eco-tourism, addressing SDG 1 (Less Poverty); contributes to climate action (SDG 13) by absorbing carbon dioxide, thereby mitigating the impact of human-influenced climate change; and enhances life on land (SDG 15) by providing habitat for wildlife, preventing soil erosion and promoting biodiversity to create a healthier ecosystem. Support For The Initiative The initiative from Diamond Lake Minerals and Evertreen has garnered backing from a wide range of circles, including a panel of expert advisors and professionals like Anthony Scaramucci, Larry Namer, Andrew Fromm, Brandon Fugal, Michael Malik Sr., Raul Leal, Agnes Budzyn, David Meltzer and Marty Pompadur have joined the company, bringing years of expertise and success. Each individual from the panel brings a unique perspective and expertise across a variety of sectors under a unified mission and commitment to a sustainable future. Naturally, the initiative is also championed by Diamond Lake Minerals CEO Brian J. Esposito, who stated, "We are committed to doing everything we can with the power and reach of DLMI, our subsidiaries, and with the support of our wonderful partners around the world, to bring attention and focus to deforestation and great initiatives and companies like Evertreen that can help combat this." The Legacy Of Diamond Lake Minerals And Evertreen Diamond Lake Minerals and Evertreen's partnership represents more than just tree planting; it's a narrative of hope, action and leading by example. It underscores a crucial point that businesses can and should play a pivotal role in environmental conservation. As Diamond Lake Minerals continues to weave its expertise in digital and traditional asset management, its foray into eco-conscious projects highlights a powerful message: the future of finance can indeed be green, ethical and innovative. Ultimately, Diamond Lake Minerals is working to bridge the worlds of traditional finance and the burgeoning field of decentralized finance (DeFi), with a focus far beyond financial innovation. The company aims to become a trailblazer within the nascent industry by demonstrating that the future of money and digital assets can harmoniously coexist with a commitment to our planet's health. As Diamond Lake Minerals and Evertreen sow seeds for a greener tomorrow, they not only contribute to a healthier planet but also set a precedent for how businesses can integrate environmental responsibility into their core values. Needless to say, their journey is a compelling story nurturing a legacy that extends beyond balance sheets to a greener, more sustainable world. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

January 12, 2024 09:00 AM Eastern Standard Time

Serenity Shield adds Decentralized Private Messaging to StrongBox’s® Privacy Suite

Serenity Shield

Decentralized messaging turns StrongBox® into a comprehensive privacy hub for data storage and communication. With fully encrypted data that is never stored on centralized servers, Serenity Shield creates a service for web2 and web3 users alike. Serenity Shield, a multi-chain project delivering secure data storage and digital inheritance solutions, is releasing a brand-new StrongBox® dApp feature — a decentralized private messaging system. This latest addition to Serenity Shield's suite of products is designed to eliminate central points of data vulnerability, protecting user data from security breaches and unauthorized access. StrongBox’s® new feature is a direct response to the data leaks widely reported on centralized messaging applications last year, such as when Line messaging app leaked over 300,000 personal data entries. To provide fault-proof private messaging, Serenity Shield ensures that the end-to-end, military-level encryption within StrongBox® remains confidential at all times. At the same time, no data is ever stored on centralized servers. "Messaging platforms are the bedrock of modern communication, yet many providers fail to give their users the security they deserve. Think about the last message you sent on your phone. It might have been a sentimental note to a loved one or, in other cases, sensitive information about your health or finances. You probably wouldn’t want it leaked. Truly private messaging should be a basic right,” said Venket Naga, the CEO of Serenity Shield. "With the integration of private messaging into our StrongBox® data storage service, Serenity Shield is embarking on an exciting new chapter. We expect this innovation to boost our user base, setting the stage for widespread mass adoption and sparking a new wave of investments. The importance and need for secure communication in personal and business environments cannot be overstated.” Serenity Shield's StrongBox® dApp already allows for sensitive information, including medical records, real estate files, and private keys, to be kept in a secure environment. The arrival of a messaging platform transforms StrongBox® into a comprehensive privacy hub where data storage and private communications are brought together in one place, paving the way for mass adoption of decentralized security solutions. By integrating a user-friendly interface, Serenity Shield makes privacy a universal experience — open to everyone, irrespective of their technical background. The newly announced messaging service will be available across various devices and operating systems, preventing prospective users from being shut out because of the brands or devices they use. An official launch date of the messaging service and details of how users can try this powerful tool will be announced in due course. About Serenity Shield Serenity Shield is a multi-chain solution dedicated to privacy and security. It empowers individuals and businesses to interact securely and confidently in the digital world by leveraging the power of blockchain to safeguard and protect user data. Serenity Shield offers a unique and innovative way to store sensitive data and document inheritance, ensuring that legacies and digital assets live on for generations. The company’s leading product - the StrongBox® DApp - enables individuals to reclaim control over their data, identity, and digital assets while protecting their loved ones, families, and businesses. Learn more at serenityshield.io. Contact Details EAK Digital Marco Lucchesini marco.lucchesini@eakdigital.com

January 12, 2024 09:00 AM Eastern Standard Time

Image

The Ultimate Choice for NSFW AI Chat: Candy.ai [Jan 2024]

EverAI Limited

If you want the best NSFW AI chat 2024 has to offer, there's only one answer. Candy.ai's unfiltered, mature chatbots are built for the kind of experiences competitors often shy away from. You can use the power of AI to create a custom NSFW chatbot with a personality and appearance tailored to you, a virtual girlfriend who wants to fulfill your deepest desires. In 2023, Candy.AI rolled out multimedia features; you can request uncensored selfies from your NSFW chatbot, create unfiltered AI art, and even request audio messages. There's more to come, which will strengthen Candy.ai's status as the best NSFW AI chat 2024 will see. Why Candy.AI Has the Best NSFW AI Chat 2024 Compared to the competition, Candy.ai has a few key advantages that elevate it to the next level. Some of the factors that make it the best NSFW AI chat 2024 has to offer include: Dozens of custom NSFW AI chatbots waiting for you: Whether you want a curvy, confident older lady or a kawaii Japanese anime girlfriend AI, you have dozens of ready-made options. If none of them suit you, Candy.ai makes it easy to pick your own. Custom personality suited to your desires: You have unlimited reign to customize the look of your NSFW AI chatbot, but you can tailor her personality too. Give her the perfect demeanor and character to suit your texting fantasies. NSFW AI chat and more: When you're having an intense chat, sometimes you want to go further; Candy.AI empowers you to do just that by requesting selfies or audio messages at the peak of your conversations. Constant development: Candy.ai's development team constantly launches new content and features. More custom chatbots, new ways to chat, and even video content are on the way. How to Use Candy.ai's NSFW AI Chat Using NSFW AI chat on Candy.AI couldn't be simpler. If you'd like to use one of the ready-made NSFW chatbots, all that you have to do is click on their picture and sign up for an account. Making your own chatbot for NSFW is as simple as three steps: Navigate to the “Create” page after signing up for an account. Design your NSFW AI chat bot by selecting the physical features, personality traits, etc. you want in your virtual girlfriend. Include a text prompt with extra details if you like. Hit the “generate” button and dive into the best NSFW AI chat of 2024. Try Candy.AI; Enjoy The Best NSFW AI Chat 2024 If you want the ultimate AI chat NSFW experience, Candy.ai is what you're looking for. Sign up today and get a taste of free NSFW AI chat, or sign up for a premium account for unlimited features at just $12.99/mo. NSFW Chat AI FAQs: Does Character AI allow for NSFW responses? Character.ai and other popular chatbots mostly don't allow NSFW. However, Candy.ai is an excellent NSFW Character AI alternative that's tailored from the ground up for virtual intimacy. How to bypass AI filters? The AI filters that are common in popular chatbots are highly complex and difficult, if not impossible to bypass. In the rare event users find a workaround, the platforms quickly patch it up. The best way to bypass AI filters is to choose an unfiltered NSFW chat alternative, like Candy.AI. Is there a chat AI without restrictions? Candy.AI is completely free of the NSFW restrictions that hinder many other popular chatbots. You can create, chat with, and even receive custom photos from an AI girlfriend with no NSFW filter. Which AI chatbots allow NSFW content? Candy.AI is the best chatbot that allows NSFW content thanks to its highly personalized chatbots. However, you might also try NSFW Character AI for its amazing art generation and MyAIGirlfriend.ai if you're interested in the companionship an AI girlfriend can offer. Contact Details EverAI Limited +44 7458 107874 pr@everai.ai Company Website https://candy.ai

January 12, 2024 09:00 AM Eastern Standard Time

Image

The Robust Utility Sector: An Overview of XLU ETF

Select Sector SPDR

In a world filled with market volatility, the utilities sector stands out as a constant. The Utilities Select Sector SPDR Fund ( XLU ) provides investors with a potential hedge against this uncertainty. This low-cost, easily accessible fund concentrates on the largest U.S. companies in the utilities industry, making it a compelling option for those seeking portfolio diversification. Investing in XLU: A Comprehensive Snapshot Launched in 1998, XLU has proven to be a popular choice among investors, with average daily trading volume exceeding 14 million shares in 2023. The Fund has over $14 billion in assets and boasts an impressively low total expense ratio of 0.10%*. Its portfolio comprises 30 companies with a median weighted market cap of $24 billion. The top 10 holdings** account for nearly 60% of the fund’s assets. These include renowned names like NextEra Energy (13.30%), Southern Company (8.16%), Duke Energy (7.98%), Sempra Energy (5.02%), and American Electric Power (4.56%). These companies are primarily engaged in producing, generating, transmitting, or distributing electricity or natural gas, which are essential services that remain in demand regardless of stock market conditions. The fund also recognizes the growing importance of renewable energy. As the cost of materials for producing renewable energy has stabilized thanks to tax credits, new developments, and increased production of solar panels and wind farms, this segment of the utility sector is becoming increasingly more viable. The Case for XLU: Steady Business and High Demand There are two primary reasons why XLU is an appealing investment. First, the utility sector is known for its steady business model. Most people pay their power bills directly to the provider, ensuring a consistent revenue stream. Second, the increasing demand for electricity presents significant opportunities for utility companies. As electronic devices and electric vehicles become more prevalent, these companies must invest in infrastructure upgrades and expand their generation capacity to meet the rising energy requirements. XLU provides robust exposure to large-cap utility companies, which are essential for powering our economy. Its high trading volume benefits both buyers and sellers. For investors seeking a diversified portfolio, adding a utility sector fund like XLU could be a bright move. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. *Ordinary brokerage fees apply **Holdings, Weightings & Assets as of 12/31/23 subject to change DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: dan.dolan@sectorspdrs.com Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL007165 EXP 3/31/24 Contact Details Dan Dolan +1 203-935-8103 dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

January 12, 2024 05:00 AM Eastern Standard Time

Overstock Trader Simplifying Excess Inventory Management for Global Retailers

KISS PR Brand Story

Northampton, United States, January 12, 2024- In an era where inventory management can make or break a business, Overstock Trader emerges as a game-changer, revolutionizing how global retailers navigate the complexities of excess inventory. With a mission to streamline the surplus goods liquidation process, Overstock Trader stands as a beacon for businesses seeking efficient solutions in the competitive retail landscape. The retail industry is no stranger to the challenges posed by excess inventory – the surplus goods that accumulate due to various factors such as seasonality, changing consumer trends, or overestimation of demand. Managing and can be a daunting task, often leading to operational inefficiencies and financial strain for businesses. Overstock Trader steps in as a strategic partner for global retailers, providing a dynamic platform that connects sellers with a vast network of buyers. The core objective is to facilitate an efficient and transparent liquidation process, ensuring that excess inventory finds its way into the hands of eager buyers from around the world. One of the key strengths of Overstock Trader lies in its global network. The platform spans various industries and product types, creating a collaborative space where sellers and buyers converge. This global reach not only opens doors to new markets for retailers but also fosters a community of collaboration and opportunity. Overstock Trader apart is its commitment to integrity, transparency, and reliability. The platform prioritizes user experience, offering a user-friendly interface that caters to both seasoned retailers and those new to excess inventory management. This commitment to a seamless user experience ensures that the surplus goods liquidation process is not only efficient but also accessible to businesses of all sizes. Overstock Trader provides a comprehensive inventory liquidation management service for businesses facing excess inventory challenges. Whether dealing with seasonal items, discontinued products, closeouts, or other surplus goods, the platform adapts to a wide range of scenarios. It goes beyond being a service; Overstock Trader is a strategic partner empowering businesses to optimize their operational efficiency and maximize the value of excess stock. For global retailers seeking efficient excess inventory liquidation, Overstock Trader offers a straightforward process. The platform is accessible at Overstocktrader.com, providing businesses with the tools and resources needed to navigate the surplus goods landscape effectively. About Overstock Trader: Overstock Trader is a leading player in the excess inventory management industry, dedicated to simplifying surplus goods management. Through its dynamic platform, Overstock Trader connects global retailers with a diverse network of buyers, fostering collaboration and opportunity in the retail landscape. Media Information Name: Emily Sanchez Organization: Overstock Trader Email: Info@overstocktrader.com Phone: (413) 341-2018 URL: https://overstocktrader.com/ Address: 181 Main Street,Suite#101 Northampton MA 01060 Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-l ooking statements. Release ID: 861847

January 11, 2024 10:00 PM Eastern Standard Time

Shareholder Statement on Departure of Al Gore from Board of Directors for Apple Inc.

NLPC

Apple Inc. announced that former Vice President Al Gore will not stand for reelection to the board of directors at the annual meeting in two months, attributing his departure to the company’s age limit for members. Ahead of last year’s annual meeting, National Legal and Policy Center – a shareholder in Apple – called for fellow investors to oppose Gore’s reelection, explaining in a lengthy memo filed with the Securities and Exchange Commission why he was unqualified to serve in such an influential leadership role and was detrimental to the company. NLPC wrote in part: Mr. Gore has held a position on Apple’s board since 2003, despite having no relevant experience in technology or core business functions. His primary benefit to the board is his supposed climate change expertise. However, Mr. Gore’s public reputation is inconsistent with his track record, his carbon-intensive lifestyle, and his actual investments. Instead, he has used his public advocacy as a tool for personal enrichment. In addition, his political activism poses to Apple a reputational risk that is not worth his limited skillset. Following the announcement, Paul Chesser, Director of NLPC’s Corporate Integrity Project, stated: “Al Gore was Apple’s longest serving director, for more than 20 years – but he never should have even served a day. How influential were his many distortions and exagerations over the years about energy and climate? How much more did his policy preferences increase the costs of Apple products to unaffordable highs for many more potential customers? How much did his hypocritical jet-setting and personal electricity use undermine the company’s reputation?” “Apple is a great company, but it would have been even greater without the presence of Al Gore. Good riddance.” NLPC is also sponsoring a shareholder proposal at the upcoming annual meeting, which seeks accountability from the Cupertino, Calif.-based tech giant about its human rights policies versus its actions. Founded in 1991, NLPC promotes ethics in public life and government accountability through research, investigation, education, and legal action. ### For more information or to schedule an interview with Paul Chesser, contact Dan Rene at 202-329-8357 or drene@nlpc.org. Please visit http://www.nlpc.org. Contact Details National Legal and Policy Center Dan Rene +1 202-329-8357 drene@nlpc.org Company Website http://www.nlpc.org

January 11, 2024 06:02 PM Eastern Standard Time

eFrancisco Motors and HDEX Announce Groundbreaking Partnership in The Hydrogen Sector

PlatoData

MANILLA, PHILIPPINES, JANUARY11, 2024 - ( Plato via 500NewsWire) -- HDEX and eFrancisco Motor Corporation proudly unveil a transformative alliance that will reshape the hydrogen landscape. This strategic partnership will harmonize with the distinctive business goals of both entities, offering a dynamic framework that allows for growth and innovation. Expressing enthusiasm about this groundbreaking collaboration, Aron Dutta Chairman of HDEX remarked, “This partnership marks a significant leap. We are confident that our combined strengths will propel us towards sustainable growth.” Elmer Francisco, CEO of eFrancisco Motor Corporation said, “We do not see hydrogen as an alternative fuel, rather, it is fuel of the future.” This partnership transcends traditional collaborations by embodying a mutual commitment between HDEX and eFrancisco Motor Corporation to openly exchange invaluable insights, cutting-edge research, and extensive industry expertise. Through a unified effort in pooling strengths, the shared objective is not only to reshape the paradigm of public transportation but also to set a new standard for environmentally conscious and efficient mobility solutions powered by hydrogen technology. About eFrancisco Motor Corporation https://efmc.ph/ eFrancisco Motor Corporation, established in 1947, is the original manufacturer of the iconic jeepneys in the Philippines. They participate in the Philippine government’s Public Utility Vehicle Modernization Program, which aims to replace all jeepneys and other Public Utility Vehicles that are at least 15 years old with more energy-efficient and environment-friendly alternatives. About HDEX https://hdexgroup.com At HDEX, we are committed to advancing the possibilities within the evolving hydrogen market, offering a reliable platform for seamless trade and contributing to the sustainable future of energy. HDEX is a global company based in the United Kingdom. For more information contact us at info@hdexgroup.com. HDEX is set to debut its private token offering in the next few weeks, inviting only a select group of investors to participate. To receive updates, please join our mailing list at http://hdexgroup.com/ Source: Plato Data Intelligence Contact Details HDEX info@hdexgroup.com

January 11, 2024 05:12 PM Eastern Standard Time

Image

UDS Service Dogs Program Achieves Accreditation by Assistance Dogs International

UDS

United Disabilities Services (UDS) Service Dog Program, an assistance dog program dedicated to assisting people with disabilities, is pleased to announce that it achieved reaccreditation by Assistance Dogs International (ADI). ADI is the leading authority in the Assistance Dogs industry. It establishes and promotes standards of excellence in all areas of assistance dog acquisition, training and partnership. UDS Service Dogs trains puppies starting at the age of 8 weeks to work as Service Dogs for people with mobility challenges and autism, Facility Dogs in school districts and therapy offices as well as Veterans with PTSD. We mainly work with Labrador Retrievers due to their high work drive, however recently there has been a high demand for non-shedding breeds and we are now working with Labradoodles, Goldendoodles, Bernedoodles and Aussiedoodles to address those client needs. Once accredited, a program becomes a member of ADI. Member programs must complete a reaccreditation every 5 years to comply with ADI’s Standards of Practice. ADI accreditation is a peer-review process conducted by a trained ADI assessor over a period of two to four days. Currently there are 155 ADI-accredited assistance dog programs in the world. About UDS Foundation UDS Foundation is a Lancaster, PA-based organization whose mission is to improve the lives of people with physical and age-related disabilities. UDS accomplishes that by providing a variety of home- and community-based services to help people with disabilities enjoy safer, happier, and more independent lives in the comfort of their homes. Incorporated in 1970, UDS has evolved from a small organization to a company providing a network of 12 different programs through several nonprofit and for-profit entities. UDS serves individuals with disabilities, including the aging and veterans, throughout Pennsylvania and coordinates a network of business partners and satellite offices in multiple counties. For more information, visit www.udservices.org. About Assistance Dogs International Assistance Dogs International (ADI) is a worldwide coalition of non-profit organizations that raise, train and place assistance dogs. The mission of ADI is to foster a collaborative global community dedicated to the highest standards of excellence for the assistance dog industry. For more information, visit www.assistancedogsinternational.org or contact Chris Diefenthaler, ADI’s Executive Director at chris@assistancedogsinternational.org or +1- 419-350-5788 Contact Details United Disabilities Services Service Dogs Lori Breece +1 717-715-8753 lorib@udservices.org Company Website https://udservices.org

January 11, 2024 04:56 PM Eastern Standard Time

Image

DePIN and DeWi Come to Sui in Groundbreaking Karrier One Partnership, Upcoming Token Launch

Sui

The deal includes strategic investment from Sui to fuel the expansion of Karrier One’s growing global footprint Sui, in collaboration with Karrier One, proudly announces a strategic partnership that marks a significant leap in integrating advanced telecom services with the dynamic capabilities of web3 technology. At the heart of the partnership is the investment that Sui is making in Karrier One, which provides funding to help expand its Decentralized Physical Infrastructure (DePIN) technology. This collaboration showcases the potential for decentralized technologies to vastly expand access to the digital world and enhance connectivity for underserved populations. The technical integration of this new partnership will feature DePIN services powered by the Sui blockchain and the launch of a Karrier One Decentralized Wireless (DeWi) network token on Sui. In addition, contributors to and participants in the Karrier One ecosystem will be able to earn DeWi tokens for various activities such as deploying radios and mobile usage involving Karrier One phone numbers. This launch not only introduces a versatile governance token but also expands the Karrier ecosystem with a diverse array of utilities accessed and consumed via fungible tokens and NFTs. For example, as part of Karrier One’s implementation, universal phone numbers will be sold by Karrier One on the network and secured by NFTs using the Karrier Number System (KNS) which is fortified with features that prioritize self-sovereign digital identity, safeguard user data and enhance digital security. A key feature of the KNS will be the integration of zkLogin, a fundamental Sui primitive that streamlines user interactions on Sui by enabling web3 authentication with familiar web2 credentials. For example, with zkLogin, users can log in with Google or Facebook to generate a self-custodial wallet secured by zero-knowledge proofs. By combining KNS with zkLogin on Sui, the partnership enables end users to transact in web3 using their telephone numbers instead of requiring them to manage a crypto native wallet. All Karrier One phone numbers will be distributed with these integrations as a default option of its phone plan. Users will also be able to transfer their numbers from other carriers, allowing them to enjoy the benefits of KNS and zkLogin. For the first time ever, users will be able to specify an address on the network using a phone number and securely and privately send and receive digital assets via text message with no wallet setup required. Already a leading player in DePIN technology, Karrier One will utilize the new investment from Sui to augment its offerings with an array of new services, such as retail radio deployments and innovative mobile phone plans along with KNS, delivering vital infrastructure to underserved areas. A pivotal aspect of this work involves leveraging Karrier One’s advanced radio technology to tap into unused wireless spectrum, primarily from large telecom companies, which are often reluctant to incur the hefty capital expenditures required to build the infrastructure in certain regions of the US and abroad. As a result, a vast portion of the spectrum is left under-utilized. Karrier One addresses this gap by monetizing these signals efficiently and effectively to promote sustainable economic growth and inclusive connectivity. “We are thrilled to announce our partnership with the Sui Foundation,” stated Samer Bishay, CEO of Karrier One. “This partnership is a major step towards expanding our influence and reach in telecommunications. Our goal has always been to ensure that connectivity is universally accessible, affordable, and sustainable. Sui’s parallelized transactions, efficient on-chain data storage capabilities and superior processing capacity align perfectly with our mission. Sui has demonstrated its ability to maintain gas fees that are low and predictable even during massive use of the network, ensuring that our users can leverage the full potential of our technology with the prospect of millions of daily hashed transactions on-chain and despite the vast requirements for data storage. This technology is crucial for our telecom application buildouts, which demand rapid, scalable, high-volume transaction handling in the nine and ten-figure range.” Greg Siourounis, Managing Director of the Sui Foundation, commented, “Our collaboration with Karrier One demonstrates our commitment to using decentralized technologies to build a more inclusive and interconnected future. More than just an alignment of goals and values, our partnership combines two superior technologies to advance decentralized telecommunications. By developing the DePIN network on Sui, Karrier One is leveraging network scalability, security, and efficiency unmatched by existing platforms and moving us forward towards a future where this technology is a catalyst for positive change.” This partnership also represents the teams’ shared commitment to the United Nations Sustainable Development Goals (UN SDGs), focusing on Quality Education (Goal 4), Industry, Innovation, and Infrastructure (Goal 9), and Sustainable Cities and Communities (Goal 11). In particular, Karrier One’s presence at the COP 28 conference in Dubai at the end of 2023 was an opportunity to showcase its innovative solutions and strategies that align with global sustainability efforts. This appearance not only underscored Karrier One’s dedication to sustainable practices but also highlighted its growing influence in the UAE and on the global stage. The partnership between Karrier One and Sui embodies their united vision of leveraging decentralized technology for societal and environmental betterment. It is expected to accelerate the deployment of DeWi solutions, making a substantial contribution to worldwide efforts for a sustainable, inclusive and connected future. Contact Details Sui Team Sui Foundation media@sui.io

January 11, 2024 04:41 PM Eastern Standard Time

Image

1 ... 488 489 490 491 492 ... 3764

Back