Author: chainwire

  • CrossFi Announces the Listing of Its XFI Token on Gate.io Exchange With $30K Giveaway

    CrossFi Announces the Listing of Its XFI Token on Gate.io Exchange With $30K Giveaway

    San Francisco, California, November 21st, 2024, Chainwire

    Decentralized finance blockchain CrossFi has announced that its native $XFI token will be listed on tier-1 crypto exchange Gate.io. The token will commence trading at 12:00PM (UTC) on November 21 paired against USDT.

    CrossFi seamlessly integrates traditional banking services with blockchain technology to provide users with a smooth and secure financial experience. The listing of $XFI on Gate.io will make it easier for users to acquire CrossFi’s native asset and utilize it with the growing CrossFi ecosystem of DeFi products.

    To mark the listing of CrossFi’s native $XFI token on Gate.io, the exchange will distribute a total of 41,096 $XFI to users who participate in its popular Startup Free Offering program. The $XFI giveaway started on November 19 and will run until 8:00AM (UTC) on November 21, during which time participants will be able to earn a share of the $30,000 in token rewards that are available.

    CrossFi features a non-custodial crypto-to-fiat payment gateway, enabling users to utilize cryptocurrencies as natively as fiat currencies. By connecting a web3 wallet directly to their CrossFi account, users maintain full control over their assets without third-party intervention. Each transaction generates a hash that can be tracked in the blockchain explorer, ensuring full transparency and decentralization. 

    Gate.io operates in over 200 countries and supports around 50 fiat currencies, making it accessible to a global user base. The exchange provides a comprehensive and secure platform for cryptocurrency trading, continually evolving to meet the needs of its users and the dynamic digital asset market.

    About CrossFi

    CrossFi Chain is a groundbreaking blockchain that provides an inclusive, next-generation solution that bridges fiat and cryptocurrency seamlessly.

    Featuring innovative non-custodial payment technology, users maintain full control of their funds while enjoying unparalleled access, transparency, and convenience.

    CrossFi brings true financial freedom and inclusivity for all.

    CrossFi – Changes Everything.

    Learn more: https://crossfi.org/

    About Gate.io

    Gate.io is a leading cryptocurrency exchange offering a comprehensive platform for trading digital assets. The platform supports over 2,800 cryptocurrencies and caters to both novice and experienced traders. Gate.io offers various trading features including spot trading, margin trading, and futures contracts, allowing users to implement diverse trading strategies. 

    Learn more: https://www.gate.io/

    Contact

    Edelstein Dan
    PR@marketacross.com

  • Magic Square Launches Magic DAO to Empower Community Governance

    Magic Square Launches Magic DAO to Empower Community Governance

    Road Town, British Virgin Islands, November 19th, 2024, Chainwire

    Binance Labs-backed web3 app store is embracing decentralization

    Web3 platform Magic Square has announced the launch of Magic DAO, a governance platform that empowers community members to actively participate in shaping the future of its ecosystem. 

    Among other benefits, the new DAO introduces a sophisticated governance structure where $SQR token-holders and stakers can propose fresh ideas, vote on key decisions through Snapshot Labs, and participate in exclusive discussions via a dedicated Discord channel.

    A proportional voting system will ensure users’ influence, measured as Total Voting Power (TVP) or SQRv, accords with their $SQR holdings and staking commitment. Users can calculate their voting power by participating in the first proposal.

    “The launch of the Magic DAO marks a pivotal moment in our ongoing evolution,” said Magic Square Founder and CEO Andrey Nayman. “By putting governance firmly in the hands of our awesome community, we are ensuring that Magic Square’s development aligns with the collective vision and goals of users and stakeholders.”

    The Magic DAO will immediately begin addressing important ecosystem decisions related to the implementation of $SQR burn mechanisms, buy-back and burn strategies utilizing Magic revenue streams, the exploration of new revenue sources, and the strategic development of Magic’s Web3 app store and Launchpad. The $SQR token is a vital part of the Magic ecosystem, powering multiple functionalities and providing utility for projects and users.

    Interested parties can join the DAO through a straightforward process that includes claiming a Magic DAO Discord role, introducing themselves to the rest of the community, and participating in regular community calls and discussions. To vote on team proposals, one must join the Magic Square Snapshot Labs community and cast votes in the specified timeframe.

    “What this governance structure does is effectively guarantee that every single voice is heard in proportion to their overall commitment to the platform,” adds Nayman. “As we move through Q4, Magic DAO will play a meaningful role in elevating $SQR and helping us to build a stronger and more vibrant Magic Square ecosystem for everyone.”

    Five guiding values will inform the DAO’s direction, from community empowerment and real value and utility to informed decision-making, transparency and integrity, and action-oriented leadership.

    It has been a banner year for Magic Square, which announced a $66 million ecosystem grant program back in March and subsequently partnered with wallet provider Exodus, integrating the latter’s Passkey Wallet into its app store and launchpad.

    About Magic Square:

    Magic Square is a Binance Labs-backed Web3 App Store that provides a seamless and integrated platform for users to access a wide range of decentralized applications (dApps). Backed by Binance Labs and Crypto.com, Magic Square provides over 5 million unique wallets as well as over 1,600 web3 apps and games.

    Contact

    Edelstein
    Dan
    PR@marketacross.com

  • Ctrl Wallet Begins $XDEFI to $CTRL Migration and Enhances Tokenomics to Complete Rebrand

    Ctrl Wallet Begins $XDEFI to $CTRL Migration and Enhances Tokenomics to Complete Rebrand

    London, United Kingdom, October 17th, 2024, Chainwire

    Ctrl Wallet, the leading non-custodial crypto wallet supporting over 2,100 blockchains, has officially commenced the migration of its $XDEFI token to $CTRL. The strategic shift, part of a larger rebranding initiative, will improve liquidity, refine tokenomics, and support the future growth of the Ctrl ecosystem.

    The migration process will occur via a user-friendly migration portal. Holders of $XDEFI and $vXDEFI tokens on Ethereum and Arbitrum can swap their tokens at a 1:1 ratio for $CTRL, with Ctrl covering all transaction fees through December 31, 2024. A consistent exchange rate between $XDEFI and $CTRL will be maintained by Ctrl’s market maker throughout the transition period.

    Major cryptocurrency exchanges including KuCoin, Gate, Huobi, LAToken, and Bitci have confirmed their support for the migration. To strengthen liquidity, key stakeholders including Ctrl’s co-founders, prominent investors such as Mechanism Capital, Delphi Digital, Morningstar Ventures, and the company’s treasury, have pledged to deposit 32% of the total token supply—capped at 240 million tokens—into liquidity pools for a 12-month period.

    The newly introduced $CTRL token will adopt a deflationary model aimed at sustaining its long-term value. 75% of the wallet’s revenue and 100% of liquidity provider (LP) fees will be allocated to buying and burning $CTRL on the open market, effectively reducing its circulating supply.

    “The migration from $XDEFI to $CTRL represents a pivotal milestone in our journey,” said Emile Dubié, CEO and Co-founder of Ctrl. “It not only aligns with the evolution of the Ctrl brand but also strengthens our tokenomics, enhancing long-term value for our community. We’ve ensured a seamless migration process, with a 1:1 swap and gas fees covered by Ctrl. This is more than a simple token swap—it’s the beginning of a new chapter for our ecosystem.”

    Initially available on Ethereum mainnet, $CTRL will lead as the sole token driving the Ctrl ecosystem forward. $XDEFI is scheduled to deprecate on September 25, 2025.

    About Ctrl Wallet

    Founded in 2020, Ctrl Wallet is a powerful and intuitive self-custody wallet that gives its 500,000+ users access to opportunities across 2,100+ blockchains. With the ability to buy crypto instantly using 35 fiat currencies and swap millions of tokens within the wallet, Ctrl is revolutionizing the way users manage their assets on chain.

    Contact

    Dan Edelstein
    PR@marketacross.com

  • Binance Confirms Support for Lumia Token Swap Ahead of New Chain Launch

    Binance Confirms Support for Lumia Token Swap Ahead of New Chain Launch

    Cayman Islands, Cayman Islands, September 30th, 2024, Chainwire

    Binance has confirmed it will support Lumia’s imminent Token Swap Event (TSE) and it has now been scheduled. Binance’s decision to support the swap will enable ORN holders to access the new Lumia token (LUMIA) that will be credited to their Binance accounts automatically following the upgrade. Binance will also halt withdrawals and deposits ahead of the upgrade to ensure the process is completed seamlessly. ORN to LUMIA tokens will be swapped on a 1:1 basis. 

    Token Swap Approaches as Lumia Prepares to Launch

    The Lumia TSE is one of the final key deliverables to be ticked off before the new chain can proceed with its launch. Binance’s decision to support the event will significantly aid coordination, providing a centralized platform that’s well equipped for overseeing the process. While there is no obligation for ORN holders to utilize Binance in order to have their balances swapped for LUMIA, it will form the preferred route for many on account of its convenience. 

    On October 15 at 03:30 UTC, Binance will suspend ORN deposits and withdrawals before conducting the TSE. It will then enable LUMIA deposits on October 18 at 08:00 UTC. While ORN holders don’t need to concern themselves with the details, since Binance will automate everything, it’s worth noting that the LUMIA token will have a new supply of 239M.

    The new LUMIA token will be used to support network governance, while a deflationary mechanism built in should ensure that long-term incentives between HyperNode operators and network users are aligned. Aside from being used as the chain’s native gas token, LUMIA will also be required to access premium features and there is also talk of holders being airdropped tokens by other projects launching on Lumia.

    RWAs and DeFi on a Dedicated Layer

    Following completion of the token swap, LUMIA holders will be eagerly looking forward to the mainnet launch of Lumia Chain – and they shouldn’t have long to wait. The impending mainnet deployment follows on from a successful HyperNode sale that attracted strong community interest. Node operators who validate transactions on Lumia will be able to earn network rewards, which will form one of the multiple use cases engineered for the LUMIA token.

    Having already won over a string of ecosystem partners, who have committed to supporting the current testnet and subsequent mainnet, Lumia has all the tools in place to fulfill its pledge of creating a scalable chain where tokenized RWAs and DeFi can coexist. Given that onchain real-world assets are predicted to become a trillion-dollar industry in the next decade, it’s easy to see the bull case for Lumia and its eponymous token if it can capture even a slice of this action.

    The combination of deep liquidity and optimum capital efficiency, plus the availability of compliant frameworks to support security token trading, means Lumia has all the ingredients in place to become a hub of RWA activity. Before all that can occur, however, there’s a token swap to complete and then the new chain to launch.

    About Lumia

    Lumia is the world’s first next-gen modular L2 designed with deep liquidity, unmatched capital efficiency, and essential infrastructure for the future of DeFi and specifically Real-World Assets (RWAs). Lumia bridges the gap between physical assets and digital finance, making tokenized assets easily accessible on the blockchain – pioneering the next evolution of finance.

    Learn more: lumia.org

    Contact

    Lumia Foundation
    contact@lumia.org

  • Unioverse Follows Public Sale With UNIO Token Listing on Major Exchanges

    Unioverse Follows Public Sale With UNIO Token Listing on Major Exchanges

    Boulder, Colorado, September 30th, 2024, Chainwire

    The wait for the UNIO token is finally over. The native asset of gaming ecosystem Unioverse has gone live on multiple exchanges following a successful token generation event (TGE) on September 30. Gate, Kucoin, Bitget, MEXC, and CoinsPH have all listed the UNIO token with the prospect of more exchanges to come. 

    Exchange Listing Follows Oversubscribed TGE

    Demand for the UNIO token on the open market is expected to be strong given the interest in the public sale which was held across multiple launchpads. The DAO Maker public sale, for example, was 1.7x oversubscribed, recording $1.3M pledged towards a $750K allocation.

    On September 30, multiple exchanges listed UNIO for trading, most electing to pair it against USDT. Not only does the listing enable existing holders to trade their UNIO tokens, but it enables those who missed out on the IDO to finally get in on the action. Following the typical excitement that accompanies a major token launch, however, attention will turn to how UNIO can be used within the Unioverse platform and its prospects for growth as the Unioverse ecosystem expands. 

    Bringing AAA Quality to Web3 Gaming 

    Unioverse is on a mission to elevate web3 gaming through supporting the development of AAA-quality games that raise the bar for what’s achievable using blockchain technology. One of the ways in which it’s going about achieving this is by onboarding web2 developers that already have an impressive track record when it comes to pushing out acclaimed titles.

    As the Unioverse grows, there will be more interconnected games in which players can utilize UNIO and earn rewards for character progress and winning matches. Built with interoperability at its core, the Unioverse enables players to create their Hero and then take them through different worlds, collecting unique unlocks along the way.

    One of the main roles UNIO plays is in creating and minting content, such as custom vehicles and weapons. The ability to trade these items on the P2P marketplace and earn UNIO in return also adds another incentive layer, without overshadowing the core goal of Unioverse: to enhance gameplay with the aid of web3 mechanics.

    From UNIO to the Unioverse

    Unioverse has deliberately taken a slow approach to launching its token, electing to focus on building a community first and demonstrating that it has the vision and partners in place to enhance web3 gaming. This approach appears to be paying dividends judging by the demand for the UNIO token sale and the significant volume it’s already recorded since simultaneously launching on centralized exchanges. 

    Once the dust settles from the UNIO launch,, the Unioverse team will return its attention to building to enhance the Unioverse and lay the groundwork for the third-party games that are currently in the works. If the quality of the games scheduled for release live up to their promise, UNIO has the potential to become a top 10 asset in the $10B gaming utility token sector while flying the flag for web3 gaming.

    Contact

    Dan Edelstein
    PR@marketacross.com

  • Galactic Gaming Platform Unioverse Announces UNIO Public Token Sale

    Galactic Gaming Platform Unioverse Announces UNIO Public Token Sale

    Boulder, Colorado, September 12th, 2024, Chainwire

     

    Galactic sci-fi game and game creation platform Unioverse has announced its public token sale. The token generation event (TGE) on September 16 will give the community an opportunity to acquire $UNIO tokens and utilize them within its interconnected universe of games.

    UNIO is the core token powering the Unioverse, the game development platform and galaxy-spanning web3 game with its own rich lore and comic book-inspired characters. The UNIO token enables players, developers, and creators to mint, own, and trade digital assets across all Unioverse games.

    The UNIO token will go live next week through a series of simultaneous IDOs. UNIO has a total supply of 4 billion and a fully diluted valuation (FDV) of $35M, with an initial market cap set at just $7.4M.

    UNIO tokens will be purchasable using USDT or ETH, with TGE times and launchpads set to be confirmed closer to the launch date. Upon completion of the token generation event, UNIO will also be available on a number of centralized and decentralized exchanges.

    Doug Messer, chief marketing officer of Unioverse said: “We’ve chosen to take the slow and steady development route, focusing on building a community and releasing immersive games that players will want to explore before proceeding with the UNIO token sale. Now that it’s finally here, we look forward to welcoming creators and players alike, who will be able to use their UNIO tokens to unlock new experiences and access the latest games developed using the Unioverse platform.”

    Universe has launched two games to date and onboarded over 250,000 active community members who have minted more than 1M+ onchain assets. The launch of the UNIO token will provide new ways for players to interact with Unioverse games, earn rewards, and trade in-game items. From minting user-generated content to managing guilds, creating heroes, and claiming rare level parts, UNIO will play a critical role in the rapidly expanding Unioverse.

    Having partnered with top game web2 and web3 developers, Universe has a string of AAA-quality games in the pipeline and an array of opportunities for UNIO holders to utilize their tokens to power new ways of interacting with the Unioverse ecosystem.

    Following the TGE, the UNIO token will be usable in the creation of custom content from hoverbikes to weapons, with players able to earn UNIO for selling their unique creations. UNIO can also be used to manage player organizations that span multiple Unioverse games and to unlock special content and rare in-game assets. Other use cases include staking, allowing holders to retain their UNIO while accessing greater game data, increased rewards, and opportunities for promoting custom content.

    About Unioverse

    Unioverse is a sci-fi franchise and game creation platform that combines cutting-edge gaming experiences with blockchain technology. By leveraging interoperable NFTs and community-driven development, Unioverse is pioneering a bold new era of immersive and rewarding gameplay in the web3 space.

    Learn more: https://www.unioverse.com/

     

    Contact

    Dan Edelstein
    PR@marketacross.com

  • AirMoney Degn Device Launches as World’s First DePIN Hardware Device

    AirMoney Degn Device Launches as World’s First DePIN Hardware Device

    Singapore, Singapore, September 12th, 2024, Chainwire

    Airmoney will unveil AirMoney Degn Device, a web3 hardware solution designed for DePIN, during TOKEN2049. The device goes beyond the features offered by a conventional hardware wallet, allowing users to interact with web3 protocols through a secure DePIN (Decentralized Physical Infrastructure Network) framework.

    Unlike traditional wallets that focus solely on storage, AirMoney allows users to run nodes, earn tokens through Proof of Activity, and engage in trading, staking, and gaming within a fully decentralized, standalone device. Each device comes with a Node that users can activate upon setup to run, enter the network and start earning tokens through Proof of Activity. This marks a shift from simple storage devices to fully interactive, standalone ecosystems that let users take control of their crypto experience in new ways.

    AirMoney Degn Device has partnered with a host of leading blockchains and dApp providers to offer seamless access to decentralized applications and services directly from the device. A number of exclusive dApps have been integrated into AirMoney’s decentralized app store, ensuring access to a broad range of crypto tools and products. It includes access to spot and perpetual futures trading powered by Bybit, complete with the ability to adjust leverage by turning al dedicated physical knob and AI data labelling dDapp, the Workspace, by Synesis One. 

    One of the standout features of the AirMoney device is its physical OLED-powered buttons, which allow users to execute trades and interact with dAp,ps at the push of a button. This makes crypto engagement more intuitive and physical than ever before. In the process, it enables users to retain full custody of their assets within a highly secure hardware environment.

    AirMoney is committed to making crypto more accessible to everyone. Pre-loaded with native tokens, the AirMoney Degn Device acts as a gateway that makes it easier for users to participate in DeFi and grow their crypto assets. The majority of AirMoney’s native token supply will be distributed to users through Proof of Activity (PoA), ensuring that those who participate in the network share in its success.

    Launched at TOKEN2049 in Singapore on September 18, AirMoney Degn Device will redefine how people interact with crypto through its DePIN device. Rather than passively holding assets, users are empowered to become active participants, running nodes, trading, staking, and gaming, all within a fully decentralized standalone device.

    Top-Tier Security: Powered by Web3Auth’s MPC Technology

    AirMoney prioritizes security by utilizing Multi-Party Computation (MPC) technology, provided by Web3Auth—a solution validated by over 10,000,000 accounts worldwide. Unlike traditional wallets, where the entire private key is stored on the device, AirMoney only stores a fragment of the key, adding an extra layer of protection. Using Shamir Secret Sharing, AirMoney splits the key across multiple locations, ensuring that no single point of failure can compromise the user’s assets. This cutting-edge security architecture protects users while offering them the freedom to fully engage in the decentralized ecosystem without fear of asset loss.

    Current hardware wallets are limited to passive storage, offering little beyond the secure holding of crypto assets and simple token swaps. Meanwhile, the advancement of DeFi and web3 has spawned dynamic ecosystems that demand greater interactivity, usability, and participation. AirMoney Degn Device represents the evolution of the hardware wallet into a general purpose device for getting the most out of DeFi and Web3.

    AirMoney CEO Kryzstof Gagacki said: “The AirMoney device advances crypto hardware beyond the era of passive storage. Just like the Kindle was built for reading, AirMoney is purpose-built for crypto, offering users a gateway to the decentralized economy where they can actively trade, stake, and earn from a single, powerful device.” and 

    The launch of the AirMoney Degn Device will raise the bar for crypto hardware while supporting greater network participation and earning opportunities.

    About AirMoney

    AirMoney’s multi-functional DePIN device allows users to go beyond crypto storage. With AirMoney Degn Device, users can run nodes,, participate in network governance and earn rewards through Proof of Activity. They can also trade, stake, and game without relying on mobile phones or external apps and access a decentralized app store that delivers the best multi-chain experiences in one place.

    Contact

    Dan Edelstein
    PR@marketacross.com

  • Former Mt. Gox CEO Mark Karpelès, Author Chris Dixon Among Exclusive Speakers At KBW2024

    Former Mt. Gox CEO Mark Karpelès, Author Chris Dixon Among Exclusive Speakers At KBW2024

    SEOUL, SOUTH KOREA, August 30th, 2024, Chainwire

    Korea Blockchain Week 2024, Asia’s most impactful blockchain conference, is delighted to announce that Former Mt. Gox CEO Mark Karpelès, who has been active in the blockchain industry since 2009, will be among the exclusive speakers at its flagship KBW2024: IMPACT event. 

    Mark Karpelès first discovered blockchain and crypto technologies through Bitcoin in 2009, and soon after became a founding member of the Bitcoin Foundation in 2012. He acquired Mt. Gox in 2011, and after twelve years of working through currently available cybersecurity technologies, he became the Minister of Technology for Joseon in 2023. Mark also serves as the CTO of EllipX, a crypto wallet and exchange that eliminates the need for passphrases and provides a user-friendly platform for digital asset trading.

    Besides Mark, the exclusive list of distinguished voices at the KBW includes Chris Dixon, a General Partner at Andreessen Horowitz and the author of Read Write Own: Building the Next Era of the Internet, who will speak at the Kickoff Event for KBW2024 on September 1st. 

    It is highly significant that KBW has added speakers who can shed light on both the past and present of the blockchain industry, as well as AI leaders driving the Fourth Industrial Revolution. In Korea, the blockchain community is intrigued by the story of Mt. Gox, and is eager to understand how the industry can integrate with traditional sectors.

    KBW2024: IMPACT, the main event of the week-long conference, will feature over 300 speakers, including new additions such as:

    • Hakan Eroglu (Advisor – Innovation Hub, Bank for International Settlements)
    • Mark T. Uyeda (Commissioner, the US Securities and Exchange Commission)
    • Rune Christensen (Co-Founder, MakerDAO)
    • Stani Kulechov (Founder and CEO, Avara)
    • Alex Blania (Co-Founder, Worldcoin)
    • Brad Garlinghouse (CEO, Ripple)
    • Andrew Durgee (President, Republic)
    • Henry Child (Head of Ecosystem, Tether)
    • Yam Ki Chan (Vice President, Circle)
    • Sean Lee (Co-Founder and CSO, IDA)
    • Nathan Allman (Founder and CEO, Ondo)
    • Sota Watanabe (Founder of Astar Network & CEO of Startale Labs)
    • Sidney M. Gutierrez (Former NASA astronaut, Chairman of Vaya Space)
    • Wesley Clark (Former NATO Supreme Allied Commander, CEO of Wesley K. Clark & Associates)

    FactBlock CEO Jeon Seon-ik expressed enthusiasm about the event, stating, “KBW2024 is an essential occasion to explore the latest trends and innovations in the blockchain and Web3 industries. We are delighted to offer a rich program featuring speakers with outstanding careers across various fields.”

    Hashed CEO Kim Seojun added, “KBW2024 is establishing itself as an innovative conference platform that transcends the boundaries of blockchain technology, finance, content, and entertainment. We hope it serves as an opportunity to showcase the ecosystem’s potential to both domestic and international Web3 communities.”

    Now in its seventh year, KBW is organized by FactBlock, a Web3 ecosystem builder, and co-hosted by blockchain venture capital firm Hashed. The main event, KBW2024: IMPACT, will be held on September 3-4 at the Walkerhill Hotel & Resort in Seoul. 

    Another key event, KBW2024: AI World, will take place on September 5 at Lotte Cinema, Lotte World Tower, Seoul. Organized by Financial News  and the Ministry of Science & ICT, it will feature Stability AI Founder Emad Mostaque, Worldcoin CEO Alex Blania as well as leading Korean entrepreneurs in the AI field.

    KBW2024: IMPACT is supported by the official conference partners Sui, Movement Labs, and BlueRun Ventures Capital Management (BRV), with title sponsors including Aptos, Tron, Chiliz, DOP, Creditcoin, Sahara AI, Presto, TON, Bitthumb, SK Telecom, and Aleo. Gold sponsors include Orbs, Flare Network, and Ripple. The KBW organizers have also partnered with Forbes Web3, dedicating one of the four stages as the Forbes Web3 Stage. The full list of partners and sponsors is available on KBW’s official website

    For more information and continued updates on Korea Blockchain Week 2024, please visit: https://koreablockchainweek.com/ 

    About Korea Blockchain Week:

    Founded by FACTBLOCK and co-hosted by Hashed, Korea Blockchain Week (KBW) is an annual global blockchain and web3 festival held in Seoul, South Korea, since 2018. It has been a gathering ground for the top global blockchain and web3 leaders and unifying diverse communities.

    KBW curates multiple prestigious main events, including the flagship conference ‘IMPACT.’ This provides participants and attendees exclusive opportunities to exchange industry insights and indulge in an immersive blend of music, art, and culture, making KBW a unique and enriching experience for all involved.

    Contact

    Ronnie Levi
    Ronni@marketacross.com

  • io.net Announces New Leadership Team Under CEO Tory Green to Drive Next Phase of Growth

    io.net Announces New Leadership Team Under CEO Tory Green to Drive Next Phase of Growth

    Dubai, UEA, August 22nd, 2024, Chainwire

    io.net, a pioneer in Decentralized Physical Infrastructure Networks (DePIN), is thrilled to announce the appointment of Tory Green as its Chief Executive Officer. A new leadership team has also been put in place.

    In this exciting new phase, former COO Green steps into the role with an ambitious vision to propel the company forward. The leadership transition marks a significant milestone as io.net aims to expand its Internet of GPUs and cement itself as a leading disruptor in the highly competitive cloud computing market.

    Having been named CEO, Tory Green has curated a distinguished group of experts to join io.net’s executive team. It includes ex-Binance VP of Engineering Gaurav Sharma as Chief Technology Officer, ex-Binance marketer Milan Amin, and ex-Amazon Tausif Ahmed, who will lead Business and Revenue functions. 

    In addition, CMO and Chief Strategy Officer Garrison Yang will transition to the IOG Foundation as a Foundation Advisor, where he will focus on strengthening io.net’s mission and strategic initiatives. The reshuffle underscores the network’s commitment to stability, reliability, and sustained growth while enhancing market presence.

    “I am honored to take on the role of CEO at io.net and I’m very excited to work alongside such a talented group of individuals,” said Tory Green. 

    “Our ultimate goal is to replace AWS as the largest provider in the multi-trillion cloud computing market. To achieve this, we need a team capable of ensuring stability, long-term growth, and network utilization – while raising brand awareness as the new disruptor on the block. With the talent we have onboard, I am confident we are well-equipped to take io.net to unprecedented heights.”

    According to Green, io.net will continue to focus on expanding its global network, developing new business, and preparing for the next stage of growth. The company remains dedicated to democratizing access to GPU compute capacity, reducing costs, expediting lead times, and expanding choices for developers and businesses alike.

    About io.net

    io.net deploys and manages on-demand, decentralized GPU clusters in the IO Network. IO Network is a decentralized physical infrastructure network (DePIN) of geo-distributed GPUs from multiple sources. Hundreds of thousands of GPUs are accessible today in IO Network, and this Internet of GPUs is specifically architected for low latency, high processing demand use cases like AI/ML ops and cloud gaming. io.net democratizes access to GPU compute capacity while reducing costs, expediting lead times, and expanding choice for engineers and businesses. Access compute capacity for a fraction of the cost or become a capacity supplier at https://www.io.net.

    Website | Documentation | Twitter | Discord | Telegram | LinkedIn

    Contact

    Dan Edelstein
    PR@marketacross.com