Tremendous Demand for Live Latin Music Entertainment Produces First-of-its-Kind Nationwide Deal Making New York’s UBS Arena and other Oak View Group Properties Home of future shows for SBS Entertainment

LOS ANGELES, April 12, 2023 /CryptoMediaWire/ — Building on the massive importance, impact, and universal popularity Latin music has in the U.S. and around the globe, Oak View Group (OVG), the global venue development, advisory, and investment company for the sports and live entertainment industries and SBS Entertainment, the entertainment division of Spanish Broadcasting System, Inc. the “Company” or “SBS”) (OTC Pink: SBSAA) the leading Minority certified, Hispanic multimedia and entertainment company today announced a multi-year strategic agreement. The two innovative, growing companies will reimagine the live performance landscape by bringing together both a media entertainment company and a venue entertainment company to create new content and expand the presence of fan-favorite events to reach new mainstream audiences throughout North America.

SBS Entertainment is known for bringing to life some of the most iconic live Latin music experiences. Its line-up of live music events consists of experiences that have been around for decades, including the Crown Jewel of Live Latin Music events, Calibash, which has been historically sold-out since its inception. In recent years, the popularity of Latin music continues to surge. According to RIAA, Latin music revenue generated $552M on a retail basis in the US in 2019, $655M 2020, and growing to $886M in 2021. The 2021 total signifies roughly 35.3 percent year-over-year growth, against 23.4 percent year-over-year growth for the broader domestic music industry throughout the same period, outpacing overall recorded music revenues and reaching an all-time high in share.

As part of the deal, SBS’s signature events including Mega Mezcla, Amor En Vivo, and Mega Bash, which all take place across key Hispanic markets, will also be produced at UBS Arena at Belmont Park, New York’s entertainment and sports venue and home of the New York Islanders. UBS Arena’s inaugural presentation of Mega Bash will take place December 2023. Additionally, the companies will team to present newly created events at OVG venues including Moody Center in Austin, TX; newly opened Acrisure Arena in Greater Palm Springs, CA; and in the Orlando, FL area. The program is expected to be expanded to additional participating OVG venues across North America and eventually Europe.

“As one of the largest concert producers in the nation and trailblazers for Latin music, it is our mission to continue to build upon our legacy by creating more unparalleled live music experiences for audiences across the globe,” said Alessandra Alarcón, president, SBS Entertainment. “Our partnership with the Oak View Group is the first of its kind and we couldn’t be more excited to work with them to expand our footprint across their world-class venues and connect more Latin music fans with the artists they love.”

The demand for Latin music continues to grow and sold-out tours around the world have become a profitable expansion opportunity with a growing openness to new artists and music. Recognizing the overall demand for Latin music, the 2022 Coachella Valley Music and Arts Festival (commonly called Coachella) doubled the number of Latin performers from the 2020 roster with more than 20 multi-genre Latin artists. Latin acts accounted for 22 of the 200 biggest tours in the world in 2022.

“As the popularity and globalization of Latin music continues to rise, we’re delighted to partner with SBS Entertainment to broaden its audience, while delivering greater diversity across our business, and bringing its iconic live events to OVG’s roster of world-class arenas,” said Francesca Bodie, president of business development, Oak View Group. “This partnership represents a foundation that we plan to grow, both nationally and internationally in the coming years, and we look forward to developing more programming with Alessandra and the SBS team.”

Widely regarded in industry circles as a leader in the Latino multimedia sector, SBS is the largest certified minority-owned, Hispanic-targeted media company in the nation, operating top-rated radio formats in the country’s largest markets, including flagship WSKQ-FM in New York City, America’s most-listened-to station in any language (and the #1 Spanish-language station in the world); Aire, the most expansive Spanish-language radio network with 300+ affiliates; LaMusica, the country’s highest-rated and fastest growing Hispanic streaming app; MegaTV, the popular news and political commentary television network; and concert promoter SBS Entertainment and its perennially sold-out roster of signature live events.

SBS Entertainment’s pre-pandemic Calibash 2020 dominated Billboard magazine’s Top U.S. Concert Promoter’s List as one of the highest grossing events in the nation, alongside ticketed performances by Elton John, Madonna, and Celine Dion.

About Oak View Group
Oak View Group (OVG) is a global sports and entertainment company founded by Tim Leiweke and Irving Azoff in 2015. OVG is focused on being a positive disruption to business as usual in the sports, live entertainment, and hospitality industries and currently has eight divisions across five global offices (Los Angeles, New York, London, Philadelphia, and Toronto). OVG oversees the operations of Climate Pledge Arena at Seattle Center; UBS Arena in Belmont Park, NY; Moody Center in Austin, TX; Acrisure Arena in Greater Palm Springs, CA; and CFG Bank Arena in Baltimore, MD opening April 7, 2023; as well as arena development projects for Co-op Live in Manchester, UK; Anhembi Arena in São Paulo, Brazil; FirstOntario Centre Arena in Hamilton, ON; a New Arena and entertainment district in Las Vegas, NV; and a New Arena in Cardiff, Wales. More information at OakViewGroup.com, and follow OVG on Facebook, Instagram, Twitter, and LinkedIn.

About Spanish Broadcasting System, Inc.
Spanish Broadcasting System, Inc. (SBS) owns and operates radio stations located in the top U.S. Hispanic markets of Los Angeles, New York, Puerto Rico, Chicago, Miami, San Francisco, Orlando, and Tampa, airing the Tropical, Regional Mexican, Spanish Adult Contemporary, Top 40 and Urbano format genres. SBS also operates AIRE Radio Networks, a national radio platform of over 290 affiliated stations reaching 95% of the U.S. Hispanic audience. SBS also owns MegaTV, a network television operation with over-the-air, cable and satellite distribution and affiliates throughout the U.S. and Puerto Rico, produces a nationwide roster of live concerts and events, and owns a stable of digital properties, including LaMusica, a mobile app providing Latino-focused audio and video streaming content and HitzMaker, a new-talent destination for aspiring artists. For more information, visit us online at www.spanishbroadcasting.com.

Media Contacts:
Larry Solters, Sam Threadgill
Scoop Marketing for Oak View Group
(818) 761-6100
solters@solters.com, sthreadgill@solters.com

Analysts, Investors or Media
Brad Edwards
The Plunkett Group
(212) 739-6740
brad@theplunkettgroup.com

SOURCE Oak View Group

The post OAK VIEW GROUP AND SPANISH BROADCASTING SYSTEMS’ SBS ENTERTAINMENT INK MULTI-YEAR GROUNDBREAKING STRATEGIC PARTNERSHIP appeared first on CryptoMediaWire.

SAN DIEGO, July 7, 2023 /CryptoMediaWire/ — Luxebooth.com, the renowned provider of innovative and high-end San Diego photo booth rental services, is delighted to announce it has garnered the illustrious Couples’ Top Choice Award. This accolade underscores Luxebooth.com’s exceptional contribution to San Diego’s bustling event scene and its dedication to crafting remarkable experiences.

Redefining the Photo Booth Rental ExperienceFrom its inception, Luxebooth.com has embarked on an ambitious journey to redefine the traditional photo booth rental experience. They offer an extensive range of customizable rental services, encompassing unique features like GIF and Boomerang booths, interactive touch screen mirrors, and bespoke props and backdrops to meet any event’s requirements.

An Undying Commitment to Excellence

“This award signifies a validation of our unwavering commitment to excellence,” stated Kris Hartmann, CEO and founder of Luxebooth.com. “We are profoundly honored by this recognition from San Diego’s couples, and we’re committed to persistently delivering the high-caliber service that has solidified us as their preferred choice.”

Empowering Community Growth and Local Businesses in San Diego

Luxebooth.com proudly declares its active membership with the San Diego Regional Chamber of Commerce. This affiliation emphasizes their dedication to nurturing local business growth and fostering community engagement. Owing to their dedication to service excellence and innovation, Luxebooth.com has secured a special member spotlight on the Chamber’s website, which is accessible at https://sdchamber.org/2023/06/member-spotlight-luxe-booth/.

Tailored Photo Booth Rental Packages and Streamlined Experience

Luxebooth.com’s comprehensive photo booth rental packages provide clients with a streamlined, stress-free experience. Their San Diego-based team ensures impeccable setup, seamless event execution, and immediate social media sharing capabilities. Their customer-focused approach guarantees the flawless translation of every client’s vision into an unparalleled photo booth experience.

“We aim to transform the photo booth rental landscape,” Hartmann further emphasized. “By merging cutting-edge technology with top-tier materials, we provide a deeply personalized, memorable experience. Our recent award and our planned expansion to new regions underline our unwavering commitment to this objective.”

About Luxebooth.com

Rooted in Orange County, California, Luxebooth.com has emerged as a trailblazer in offering luxurious and innovative photo booth rental services. The company presents a myriad of customizable offerings to suit any event, ensuring an added layer of elegance and interactive fun. Luxebooth.com is steadfast in its mission to create unforgettable memories through its state-of-the-art photo booths, assuring each event’s success.

On the heels of their successful operations and commendation in San Diego, Luxebooth.com is thrilled to unveil its expansion to Temecula, CA, and the Inland Empire. These booming locations have been strategically selected to accommodate the rising demand for their contemporary, interactive photo booth services. This expansion reinforces Luxebooth.com’s ambition to ascend as a nationally acclaimed leader in photo booth rentals, providing unmatched service and unforgettable experiences at every event.

For more details about their San Diego operations and their award-winning services, visit https://www.luxebooth.com/photo-booth-rental-san-diego/ or reach out to their dedicated team.

Luxe Booth | Photo Booth Rental San Diego

4134 Adams Ave UNIT 105

San Diego, CA 92116

Direct: 619-923-4023

SOURCE Luxe Booth | Photo Booth Rental San Diego

The post San Diego’s Luxebooth.com Scoops Couples’ Top Choice Award for Premier Photo Booth Rental Services appeared first on CryptoMediaWire.

Tremendous Demand for Live Latin Music Entertainment Produces First-of-its-Kind Nationwide Deal Making New York’s UBS Arena and other Oak View Group Properties Home of future shows for SBS Entertainment

LOS ANGELES, April 12, 2023 /CryptoMediaWire/ — Building on the massive importance, impact, and universal popularity Latin music has in the U.S. and around the globe, Oak View Group (OVG), the global venue development, advisory, and investment company for the sports and live entertainment industries and SBS Entertainment, the entertainment division of Spanish Broadcasting System, Inc. the “Company” or “SBS”) (OTC Pink: SBSAA) the leading Minority certified, Hispanic multimedia and entertainment company today announced a multi-year strategic agreement. The two innovative, growing companies will reimagine the live performance landscape by bringing together both a media entertainment company and a venue entertainment company to create new content and expand the presence of fan-favorite events to reach new mainstream audiences throughout North America.

SBS Entertainment is known for bringing to life some of the most iconic live Latin music experiences. Its line-up of live music events consists of experiences that have been around for decades, including the Crown Jewel of Live Latin Music events, Calibash, which has been historically sold-out since its inception. In recent years, the popularity of Latin music continues to surge. According to RIAA, Latin music revenue generated $552M on a retail basis in the US in 2019, $655M 2020, and growing to $886M in 2021. The 2021 total signifies roughly 35.3 percent year-over-year growth, against 23.4 percent year-over-year growth for the broader domestic music industry throughout the same period, outpacing overall recorded music revenues and reaching an all-time high in share.

As part of the deal, SBS’s signature events including Mega Mezcla, Amor En Vivo, and Mega Bash, which all take place across key Hispanic markets, will also be produced at UBS Arena at Belmont Park, New York’s entertainment and sports venue and home of the New York Islanders. UBS Arena’s inaugural presentation of Mega Bash will take place December 2023. Additionally, the companies will team to present newly created events at OVG venues including Moody Center in Austin, TX; newly opened Acrisure Arena in Greater Palm Springs, CA; and in the Orlando, FL area. The program is expected to be expanded to additional participating OVG venues across North America and eventually Europe.

“As one of the largest concert producers in the nation and trailblazers for Latin music, it is our mission to continue to build upon our legacy by creating more unparalleled live music experiences for audiences across the globe,” said Alessandra Alarcón, president, SBS Entertainment. “Our partnership with the Oak View Group is the first of its kind and we couldn’t be more excited to work with them to expand our footprint across their world-class venues and connect more Latin music fans with the artists they love.”

The demand for Latin music continues to grow and sold-out tours around the world have become a profitable expansion opportunity with a growing openness to new artists and music. Recognizing the overall demand for Latin music, the 2022 Coachella Valley Music and Arts Festival (commonly called Coachella) doubled the number of Latin performers from the 2020 roster with more than 20 multi-genre Latin artists. Latin acts accounted for 22 of the 200 biggest tours in the world in 2022.

“As the popularity and globalization of Latin music continues to rise, we’re delighted to partner with SBS Entertainment to broaden its audience, while delivering greater diversity across our business, and bringing its iconic live events to OVG’s roster of world-class arenas,” said Francesca Bodie, president of business development, Oak View Group. “This partnership represents a foundation that we plan to grow, both nationally and internationally in the coming years, and we look forward to developing more programming with Alessandra and the SBS team.”

Widely regarded in industry circles as a leader in the Latino multimedia sector, SBS is the largest certified minority-owned, Hispanic-targeted media company in the nation, operating top-rated radio formats in the country’s largest markets, including flagship WSKQ-FM in New York City, America’s most-listened-to station in any language (and the #1 Spanish-language station in the world); Aire, the most expansive Spanish-language radio network with 300+ affiliates; LaMusica, the country’s highest-rated and fastest growing Hispanic streaming app; MegaTV, the popular news and political commentary television network; and concert promoter SBS Entertainment and its perennially sold-out roster of signature live events.

SBS Entertainment’s pre-pandemic Calibash 2020 dominated Billboard magazine’s Top U.S. Concert Promoter’s List as one of the highest grossing events in the nation, alongside ticketed performances by Elton John, Madonna, and Celine Dion.

About Oak View Group
Oak View Group (OVG) is a global sports and entertainment company founded by Tim Leiweke and Irving Azoff in 2015. OVG is focused on being a positive disruption to business as usual in the sports, live entertainment, and hospitality industries and currently has eight divisions across five global offices (Los Angeles, New York, London, Philadelphia, and Toronto). OVG oversees the operations of Climate Pledge Arena at Seattle Center; UBS Arena in Belmont Park, NY; Moody Center in Austin, TX; Acrisure Arena in Greater Palm Springs, CA; and CFG Bank Arena in Baltimore, MD opening April 7, 2023; as well as arena development projects for Co-op Live in Manchester, UK; Anhembi Arena in São Paulo, Brazil; FirstOntario Centre Arena in Hamilton, ON; a New Arena and entertainment district in Las Vegas, NV; and a New Arena in Cardiff, Wales. More information at OakViewGroup.com, and follow OVG on Facebook, Instagram, Twitter, and LinkedIn.

About Spanish Broadcasting System, Inc.
Spanish Broadcasting System, Inc. (SBS) owns and operates radio stations located in the top U.S. Hispanic markets of Los Angeles, New York, Puerto Rico, Chicago, Miami, San Francisco, Orlando, and Tampa, airing the Tropical, Regional Mexican, Spanish Adult Contemporary, Top 40 and Urbano format genres. SBS also operates AIRE Radio Networks, a national radio platform of over 290 affiliated stations reaching 95% of the U.S. Hispanic audience. SBS also owns MegaTV, a network television operation with over-the-air, cable and satellite distribution and affiliates throughout the U.S. and Puerto Rico, produces a nationwide roster of live concerts and events, and owns a stable of digital properties, including LaMusica, a mobile app providing Latino-focused audio and video streaming content and HitzMaker, a new-talent destination for aspiring artists. For more information, visit us online at www.spanishbroadcasting.com.

Media Contacts:
Larry Solters, Sam Threadgill
Scoop Marketing for Oak View Group
(818) 761-6100
solters@solters.com, sthreadgill@solters.com

Analysts, Investors or Media
Brad Edwards
The Plunkett Group
(212) 739-6740
brad@theplunkettgroup.com

SOURCE Oak View Group

The post appeared first on CryptoMediaWire.

New York, May 26th (500NewsWire) —  Manta Network, the leading zk layer 1 blockchain platform, is proud to announce the distribution of its first wave of grants to three exceptional projects: Galxe, ReadON, and AsMatch. These projects have been selected as recipients of the Manta Grants Program for their groundbreaking use of Manta’s zkSBT technology in on-chain, private identity verification. The grants will support the continued development and user adoption of zkSBTs, further advancing Manta Network’s mission to bring decentralized privacy to Web3 and onboard large-scale Web2 applications onto the Manta platform.

The Manta Grants Program is designed to foster Manta’s activity, ecosystem growth, and Web3 & Web2 user acquisition. By leveraging Manta’s frictionless user infrastructure and toolkits, selected projects gain access to funding, technical resources, marketing & growth support, and partnership opportunities. The program presents an exciting opportunity for builders to receive support from Manta Network and contribute to the growth of the Manta ecosystem. Interested parties can apply for the Manta Ecosystem Grant by filling out the Grants Application available on the official Manta Network website.

Wave 1 Grant Recipients:

Galxe:

Galxe, the leading platform for building Web3 communities, has been awarded a grant for its pioneering work in on-chain identity verification. With a user base of over 30 million unique users, Galxe has played a pivotal role in driving the growth of projects like Optimism, Polygon, Arbitrum, and more through reward-based loyalty programs. On Manta’s NPO platform, Galxe issued its first zkSBT called zkGalxe Passport, marking a major milestone in on-chain identity verification. The zkGalxe Passport provides compliance verification with on-chain privacy benefits, offering users a decentralized and privacy-enhanced digital verification experience.

ReadON:

ReadON, a decentralized content platform, has received a grant to advance its mission of providing the best Web3 information and developing a fair and open creator economy. ReadON has issued its zkPass, a privacy-enhanced version of ReadON Pass powered by zero-knowledge proofs (ZK). The ReadON zkPass allows users to participate in the ReadON ecosystem without revealing their personal information or wallet address. This incentivized approach fosters user engagement and ensures a secure and private way to access content on the platform.

AsMatch:

AsMatch, the world’s first astrology-based Web3 Social-Fi matching app, has been recognized for its innovative approach to privacy and user experience. By combining AI-generated content, zero-knowledge proofs (ZKPs), and zkSBTs, AsMatch offers a gamified experience through a match-to-earn model with token incentives. AsMatch will issue its zkSBT, leveraging ZKPs to reduce catfishing and eliminate fake profiles. The AsMatch zkSBT will act as a privacy-enhanced decentralized identifier (DID), allowing users to validate information about themselves without revealing the information itself.

As part of the Manta Grants Program, these recipients will gain access to a range of resources:

Technical Resources: Recipients will have direct communication with key members of Manta Network’s core engineering team, receiving support, feedback, and timely assistance to ensure the success of their projects.

Funding Resources: In addition to the grants, Manta Network will provide resources to help scale projects, including introductions to an extensive network of investors, partners, and strategic contacts.

Marketing & Growth Resources: Recipients are encouraged to consult with the Manta Network core team on marketing and growth strategies. Co-marketing campaigns will also be arranged to accelerate growth and increase exposure within the Manta Network ecosystem.

Partnership Resources: Manta Network will support recipients in establishing partnerships and exploring promotional opportunities to enhance their brand positioning.

Manta Network is excited to collaborate with these outstanding projects and further the development of the Manta ecosystem. To learn more about Manta Network and the Manta Grants Program, please visit the official Manta Network website and the Manta Grants Program mission page.

About Manta Network:

Manta Network is a leading zk layer 1 blockchain platform that brings programmable privacy to Web3. With its fast prover speed and decentralized trusted setup, Manta Network offers user-friendly access to powerful ZK-enabled use cases, including zkNFTs and MantaPay. Founded by a team of experienced professionals from prestigious institutions such as Harvard, MIT, and Algorand, Manta Network began its research on Zero Knowledge Proof in 2019 under the MIT Digital Currency Initiative. Backed by top web3 investment funds including Binance Labs and Polychain Capital, Manta Network has achieved significant growth through participation in renowned web3 accelerators such as Alliance DAO and Berkeley Blockchain Xcelerator. Manta Network is committed to revolutionizing web3 applications with a strong focus on privacy.

Contact Details:

Elaine Wang
elaine@manta.network

The post Manta Network Unleashes Privacy-Driven Web3 Innovations with Wave 1 Grants appeared first on CryptoMediaWire.

Nine months after listing his cryprto commodity CUC on the crypto exchange WhiteBIT, Cuprum coin sllc has decided to enter into a strategic partnership with the renowned manufacturer of the extremely rare high purity nano copper powder.

DUBROVNIK, Croatia, May 23, 2023 /CryptoMediaWire/ — Cuprum Coin sllc and Meteor Minerals Group signed a strategic partnership agreemeent with a goal to offer together an excpetional commodity crypto asset – Cuprum Coin (ticker: CUC). Each issued Cuprum Coin will be backed with the all-time secured extremely rare high purity nano copper powder, and in addition purchased Cuprum coins are used as the medium of exchange for Meteor`s nano copper powder. According to the agreement a significant portion of the funds obtained from coin sales will be re-invested into the new Meteor Minerals mines, nano copper powder production, and R&D capabilities.

Dubrovnik, Croatia, based company Cuprum Coin launched its cryptocurrency in 2021 using an underlying asset in the form of ultrafine copper powder, a rare and valuable chemical element, not used in the crypto eco-system before. In April this year company decided to change its underlying asset in favor of more prominent nano copper powder. Copper nano-size particles in the form of powder are at present of great interest in the upcoming industry like aerospace industry, medicine, chemical and material science.

A Chilean/US/UK Meteor Minerals Group has proven record in creating revolutionary solution in the field of material science. One of such solution is environmentally safe processing of copper into a high purity nano copper powder. Chile is the world’s top copper producer, with a market share of almost 30%, so it is natural that the largest corporations are located there. Cuprum Coin CEO is honored and proud to have achieved this collaboration.

„We were aware, to gain trust and confidence from major investors and the largest crypto exchanges, we had to move from our previous asset – ultrafine copper powder from a private owner. This material, although not sufficiently known outside of the copper powder industry, is offered on the market with different sizes, qualities, and purities, and as such has created uncertainties about how we are really backing our cryptocurrency.

This partnership with an extraordinary nano copper powder producer, with its own mines, with cooperative world best laboratories working even for NASA, and in cooperation with the world’s most recognized nanotechnology scientists in the team, brings us to the next level as we will be backing our coin with nano sized asset which is highly demanded in the upcoming industries. That`s why our slogan has changed to The Nano Commodity of the Future..”, stated the founder and CEO of Cuprum Coin, Mario Urlić.

The founder and CEO of Meteor Minerals Group also cannot hide his satisfaction with the signed collaboration.

“We are really thrilled and excited about entering into this partnership, not just because of possibilities to offer our products on the new, blockchain enabled, marketplace but also because of the new opportunities when it comes to further investing and strengthening our mining, laboratory, scientific team and and R&D capabilities”, said Mr. Fernando Gallardo Morgan, the CEO of Meteor Minerals Group.

Earlier this month Cuprum Coin announced that they will migrate its native (forked Tezos) blockchain to the Binance Smart Chain network (BEP20 token). From today, a completely new whitepaper will be available on the official website, while other documents will be compiled in the next 3-4 weeks.

Visit Cuprum Coin news page for more information.

SOURCE Cuprum Coin

The post Cuprum Coin and Meteor Minerals Group, owner of copper mines and producer of nano copper powder, joined forces through a strategic partnership. appeared first on CryptoMediaWire.

SAN FRANCISCO, May 22, 2023 /CryptoMediaWire/ — Sort, the platform simplifying Web3 app development, has raised $3.5 million USD in a seed funding round co-led by Lemniscap and The General Partnership, with participation from Alliance DAO, Punk DAO, Orange DAO, Blizzard Fund, Parasol, Red Rooster Ventures, and a number of angels from Coinbase, Gemini, and Snyk.

The funding will go towards expanding the Sort team, advancing the platform’s product suite, and expediting the launch of ‘Sort applications’, the full-stack for writing a UI for a blockchain contract. Today’s announcement serves as the latest milestone in Sort’s mission to onboard the next million developers to the Web3 ecosystem, by creating a platform easy enough for anyone to use, irrespective of skill level.

As a platform for Web3 UI components, Sort is building a user-centric development platform that allows developers to integrate data from smart contracts directly into their decentralized application with only a few lines of code. Users can start with a contract address and get access to a complete developer toolkit for that contract, or simply cut and paste HTML/Javascript code directly into their front end application to see live blockchain data. All data is served in real-time, including push notifications for any contract event.

Before Web3, data was the product and API keys were used to gate access and create revenue, but in the Web3 era, revenue is generated from contract transactions such as coin swaps or NFT transfers. Sort empowers contract authors to entice builders to use their contracts and drive transaction activity, enabling anyone in the contract author’s community to build applications on the contract for free. Using Sort, users can seamlessly query real-time contract transactions, logs, events, function results, and NFT data. The platform also plans to leverage ChatGPT and LLMs to formulate SQL queries for populating UIs.

Sort can be used as a complete backend as a service for decentralized applications, with no additional infrastructure needed. Applications can be hosted on decentralized platforms such as IPFS and Arweave, and access read-only disposable API keys, eliminating the need to manage servers or hardware.

Jason Zucchetto, Co-founder of Sort, said: “Closing this seed round signifies a significant seal of approval for our solution suite from a range of global investment heavyweights. We’re energized at the prospect of supercharging decentralized application development, while working closely with developers to extend more cutting-edge tools to the global community. The funding will give us ample financial runway to expand our product portfolio, add firepower to our team and drive mainstream dApp adoption.”

Roderik van der Graaf, Founder of Lemniscap, said: “Historically, writing decentralized applications has been extremely difficult, requiring intricate design skills and advanced technical know-how. Sort is on a mission to greatly simplify the art of Web3 app development, helping new swathes of ecosystem participants to realize their Web3 visions. The Sort founders are major industry advocates for democratizing dApp development – a vision we at Lemniscap wholeheartedly endorse.”

Anthony Kline, Partner at The General Partnership, said: “The world has already benefited heavily from the power and elegance of blockchain, but the quality of developer tooling has not kept pace. We’re proud to be investing in Sort’s seed round – a team at the forefront of developer tooling, Web3 app development, and the needs of the ecosystem. We’re particularly excited by Sort’s growth pipeline, and their potential to onboard the next million developers to the blockchain.”

About Sort

Sort is a developer platform for Web3 UI components and the easiest way to build Web3 applications. Sort will bring the next million developers to Web3 by creating a platform easy enough for any developer to use. Users can start with a contract address and get access to a complete developer toolkit. By making Web3 development easy and fun, the next wave of web3 applications will take flight via Sort. For more information, visit https://sort.xyz/

About Lemniscap

Lemniscap is an investment firm specialising in investments in emerging crypto assets and blockchain startups. Since its founding in 2017, Lemniscap has funded multiple investments in the crypto blockchain space, on the core belief that blockchain technology will upend traditional business models, resulting in profound changes in the world economy. The Lemniscap team consists of talented people with backgrounds in financial markets, PE/VC, technology and entrepreneurship. For more information, visit https://lemniscap.com/.

SOURCE Sort

The post Sort Raises $3.5M in Seed Funding to Spearhead Power Tools for Blockchain UI Development appeared first on CryptoMediaWire.

WASHINGTON, May 22, 2023 /CryptoMediaWire/ — At the International Monetary Fund (IMF) Spring Meetings 2023, the Digital Currency Monetary Authority (DCMA) announced the official launch of Unicoin, an international central bank digital currency (CBDC), that can transact SWIFT-like cross-border payments over digital currency rails completely bypassing the correspondent banking system at guaranteed best-priced FX rates and with instantaneous real-time settlement.

Universal Monetary Unit (UMU), Unicoin, symbolized by ANSI Character, Ü, is legally a store of value money commodity regulated by the U.S. Commodities Futures and Trade Commission (CFTC) and can transact in any legal tender settlement currency.

A national CBDC and an international CBDC are vastly different. A national CBDC is merely a digital form of legal tender and carries the same economic reality of its legal tender. If a national legal tender is systemically depreciating in value, so will its CBDC.

An International CBDC is not an unbacked cryptocurrency like Bitcoin and is not a national CBDC issued by central banks. So, what is it and how does it work?

It is challenging for many central banks to maintain monetary sovereignty of its legal tender because global forex markets value a legal tender in relative value to its advanced economic trading pair, such as USDMXN, regardless of the fiscal and monetary policies a government and central bank may adopt.

This trading pair encumbrance in the international monetary system is the reason why most national currencies are not a great store of value and the reason why many emerging market economies are seeking cryptocurrency alternatives.

The problem with cryptocurrencies is that they are too volatile and do not perform like money. Crypto volatility is vastly caused by its limited circulating supply controlled by a few large coin holders, or whales, and an organized number of ‘pump and dump’ traders and market makers who trade up the price of a cryptocurrency with the intent to dump it in large volume once it hits a price target.

The high volatility of crypto is ideal for short-term speculative traders but comes at the expense of the coin not being widely adopted as a resilient store of value and as a medium of exchange.

Unicoin solves the shortcomings of both CBDCs and cryptocurrencies and brings together the best of both worlds into one cryptographic innovation.

Unicoin is a money commodity that can coexist alongside any national legal tender. Unicoin adopts a monetary policy framework with decentralized governance, establishing a digital economic union amongst its participating countries and qualifying Unicoin as a reserve currency for central banks.

Its monetary policies are designed to minimize volatility and to sustain its value better than any fiat legal tender mitigating against and potentially reversing seasonal and systemic local currency depreciation.

For example, if a commodity purchase contract or a foreign direct investment (FDI) is negotiated in U.S. Dollars, and the payor’s national currency depreciates on average ten percent a year, that contract would increasing cost approximately ten percent more each year, $1.1M, $1.2M, etc.

Whereas, if the payor held their money in Unicoin over a one-year period and then paid the equivalent UMU value at the time of payment, that same purchase or FDI contract could cost $500,000 USD instead of $1.1M USD.

The actual USD cost depends on the improved store of value of UMU over the same period.

Unicoin adopts monetary policies, liquidation controls, asset pricing targets, and its own network of in-house market makers to minimize downside volatility and to achieve its asset pricing targets.

Unicoin can withstand buying and selling shocks to its monetary system while maintaining price stability. Unicoin is not sold at the best market price like most asset classes. Best market pricing is another practice that leads to continual price volatility.

Unicoin is always sold at a significant discount to its network market value. This monetary policy enables establishing and controlling the asset pricing of Unicoin over time.

In summary, Unicoin is a low-volatility money commodity with cash reserves, performs like money, and is governed as a sustainable store of value and a medium of exchange. In addition, it functions like a CBDC and complies with all the banking sector regulations for KYC, AML, sanctions, and other requirements.

Unicoin deploys a global localization digital currency public monetary system enabling each central bank to configure their own compliance and money transfer rules. Then, at the time of payment, only the payor and payee jurisdiction rules are applied to enforce compliance.

Unicoin is politically agnostic with no centralized enforcement rules and no centralized surveillance features. Each government and central bank decide on their national and monetary sovereignty rules and configure those rules within the Unicoin Network.

For more information on the DCMA, visit https://dcma.io.

Media Contact:

Ruth Marshall
+1-704-303-5359

SOURCE Digital Currency Monetary Authority

The post The DCMA Explains Why an International CBDC is the Best Innovation for Store of Value and Medium of Exchange appeared first on CryptoMediaWire.

LAS VEGAS, May 22, 2023 /CryptoMediaWire/ — PokerGO®, the world’s largest poker content company, and Gala Games, a pioneer in Web3 entertainment, today announced the development of PokerGO Play, which is set for public release later this year and will be available to play in beta in June.

PokerGO Play integrates leading Web3 elements on a state-of-the-art poker platform and will offer a revolutionary social gaming experience for poker enthusiasts around the world. Through innovative gameplay and platform functionality, users will have the ability to enhance and upgrade their player in addition to redeeming exclusive real-world prizes.

World-renowned poker professional Maria Ho has signed on as the first PokerGO Play ambassador and will help usher in the game’s launch. She will also be a playable avatar in the game, along with other celebrity avatars.

“PokerGO’s extensive experience in poker entertainment combined with the cutting-edge Web3 development at Gala Games is a perfect marriage,” said Richard Blankenship, Chief Revenue Officer of PokerGO. “Together, we have been able to build a superior social poker game that players everywhere will love.”

“Partnering with PokerGO, the leader in poker entertainment, we were able to develop a social poker game that is unlike anything available today, and players will soon realize the heightened entertainment that comes with playing poker in an immersive Web3 environment,” said Eric Schiermeyer, Founder of Gala Games.

As part of the partnership, PokerGO Play becomes a top-tier sponsor of PokerGO and will receive premier marketing opportunities across the company’s vast portfolio of content that includes the World Series of Poker and PokerGO-owned tournaments as part of the PokerGO Tour® such as the Super High Roller Bowl, Poker Masters, and PokerGO Cup. PokerGO Genesis NFT holders will receive beneficial status within the game, and the two sides plan to host special events inside the PokerGO Studio in Las Vegas.

About PokerGO®
PokerGO® is the world’s largest poker content company delivering poker’s most premier live events around the world to consumers. The platform delivers more than 100 days of live poker on an annual basis, streaming PokerGO® owned and operated tournaments such as the Super High Roller Bowl, Poker Masters, U.S. Poker Open, and PokerGO Cup, along with select World Series of Poker final tables and more. PokerGO’s video-on-demand library includes original content that provides unmatched access to the world of poker, including High Stakes Poker, No Gamble, No Future, and High Stakes Duel. PokerGO curates programming that spans from expert commentary on the game to tales of iconic moments in poker history, to behind-the-scenes interviews with notable poker stars and more. For more information, please visit http://www.pokergo.com/. Become a part of the PokerGO community on Twitter, Facebook, Instagram, TikTok, YouTube, and Discord.

About Gala Games
Gala is a Web3 games company that uses decentralization, player ownership and reward economies to create a revolutionary new way of gaming. With dozens of games on the horizon and several already in various stages of presale or beta play, Gala is quickly becoming the world leaders in own-your-experience gaming. Learn more at Gala.com.

For more information, please visit
Company information – https://gala.com/
Join the conversation Discord @ GalaGames.Chat
@GoGalaGames 
#GoGalaGames

SOURCE Gala Games

The post PokerGO® and Gala Games to Launch Web3 Social Poker Game PokerGO Play™ appeared first on CryptoMediaWire.