Technology

Artificial Intelligence Big Data Cloud Computing Cyber Security Data Management Electronics Enterprise & Network Technology Financial Technology Hardware Mobile & Wireless Nanotechnology Semiconductor Software Telecommunications
News Release Digital Asset Direct

Air pollution levels crank up in March 2022 across European cities, reveals Airly insights

Airly

Air pollution levels recorded across major European cities in March 2022 made for grim reading. Scientists at cleantech Airly reported on NO2 (nitrogen dioxide) and PM10 (particulate matter) elements of air pollution across European cities (full tables further below). The highest concentration of NO2 was recorded in Newcastle upon Tyne, a city in the north of England. And the highest concentrations of PM10 occurred in Spain (Malaga and Seville). The rise in air pollution was significantly influenced by a Sahara desert dust storm that traveled across Europe. The dust and other factors such as high pressure and lack of wind, meant that air pollution in southern and western Europe was slightly higher than in central Europe. Notably, the air in Portugal or Belgium was worse than the air in Poland or Romania. The new WHO standards are often exceeded In September 2021, the World Health Organisation (WHO) announced stricter standards on NO2 and PM10 levels. The new 24-hour PM10 norms were changed from 50µg / m3 to 45µg / m3 and NO2 levels were confirmed as 25µg / m3, previously as advisory level. There were several cities falling short of the new levels but two Spanish cities at the top of the list (Malaga and Seville) were above the daily safe levels of PM10 (45 µg / m3). Meanwhile, every city exceeded the safe daily average of NO2 levels (25 µg / m3). Effect on health Long term exposure to PM10 may lead to reduced lung function, the development of cardiovascular and respiratory diseases and increased rate of disease progression. Long-term exposure to Nitrogen dioxide may contribute to the development of asthma and increase susceptibility to respiratory diseases. Marcin Gnat, spokesperson at Airly commented: “This study confirms others which suggest that almost the entire global population (99%) breathes air that exceeds WHO air quality limits, and threatens their health. Although the number of countries and cities where air quality is monitored continuously is increasing, there is still a lack of such information in a great number of vulnerable sites. By knowing the exact pollution situation in their surroundings, local governments and communities are able to take appropriate steps to improve air quality, and then monitor the effectiveness of the actions taken”. NO2 Ranking: Newcastle upon Tyne - 44,6 µg/m3 (179% of WHO safe norm, 25 µg / m3) Naples - 42,4 (170%) Paris - 41,2 (165%) Antwerp - 35,9 (144%) Dortmund - 35,6 (142%) Zurich - 34,9 (140%) Stuttgart - 34,1 (137%) Munich - 33,5 (134%) Frankfurt am Main - 32,6 (130%) Hamburg - 32,0 (128%) Rotterdam [The Hague] - 31,8 (127%) Brussels - 31,2 (125%) Oslo - 30,5 (122%) Athens - 30,5 (122%) Sofia - 30,0 (120%) London - 29,4 (118%) Lyon - 29,2 (117%) Katowice - 29,1 (116%) Manchester - 28,9 (116%) Prague 29,7 (115%) PM10 Ranking: Malaga 56,1 µg/m3 (125% of WHO safe norm, 45 µg / m3) Seville 46,5 (103%) Belgrade 40,9 (91%) Katowice 40,5 (90%) Antwerp 38,3 (85%) Stockholm 37,2 (83%) Kraków 36,8 (82%) Stuttgart 35,4 (79%) Oslo 35,1 (78%) Wrocław 34,7 (77%) Leeds 34,3 (76%) Lisbon 34,0 (76%) Paris 33,9 (75%) Łódź 33,8 (75%) Poznań 33,7 (75%) Sofia 32,8 (73%) Zagreb 32,8 (73%) Thessaloniki 32,4 (72%) Rotterdam [The Hague] 31,8 (71%) Madrid 30,8 (68%) About Airly Using sensors, Airly provides accurate, ultra-local, predictive data for governments, media and businesses to tackle the issue of air pollution head-on. Airly’s platform acts as a warning system for pollution at street level and in real time with greater accuracy and at lower cost for cities & enterprises. Local councils and municipalities can start by monitoring air quality in real-time on an ongoing basis, locating sources of pollution and bringing forward policy that targets local pollution by reducing road traffic in the busiest, polluted places. Similarly, people need to make lifestyle choices that will benefit their air quality and environment. By choosing carsharing, cycling or electric scooters instead of cars will make a significant impact. Airly provides actionable insights about air quality with its AI-driven algorithms that predict air pollution for the next 24 hours with a verifiability of up to 95%. Airly gives customers across the globe an environmental intelligence platform by installing networks of sensors that track all the key pollution markers - particulate matter (PM1, PM2.5, PM10) and gases (NO2, O3, SO2 and CO). Contact Details Airly Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://airly.org/en/

April 14, 2022 07:13 AM Eastern Daylight Time

Image

Raw materials platform Zaraye raises $2.1m in Tiger Global’s first pre-seed investment in Pakistan

Zaraye

Karachi based business-to-business raw materials marketplace Zaraye raises $2.1mn in their pre-seed round from Tiger Global and Zayn Capital. Other investors include +92 Ventures, Alan Rutledge, Jack Rizvi, and current and former Careem employees holding key positions in their tenures. This is Tiger Global’s first pre-seed investment in Pakistan. Founded in late 2021, Zaraye helps manufacturing businesses procure raw materials and finance the working capital. It is currently serving clients across textile and construction industries, with over 300 partners and suppliers spread out in 20+ cities. Pakistan’s industrial manufacturing sector contributes to 20% of the country’s economy with a $35bn raw material market annually with raw materials contributing 60-65% of the total costs for the manufacturers. In conditions where net margins are thin, finding efficiency in costs becomes critical for these businesses to win orders and sustain against competition locally and globally. Additionally, SMEs have always found acquiring financing a huge battle for their businesses from financial institutions, and are forced to turn to informal markets with ~2.5x premiums. Ahsan Ali Khan, co-founder and CEO of Zaraye commented: “We aim to strengthen the backbone of the country’s economy by helping the entrepreneurs in finding avenues to optimize and scale. Zaraye will help our partners to compete locally and globally as they find more savings in time and money to create the best products. With the confidence of amazing investors in Zaraye, we are geared to supercharge our mission to reach millions of users”. Traditionally a manufacturer would connect with a handful of intermediaries or directly with the suppliers with a tedious process of going through multiple phone calls, and wait for them to furnish rates. This process is longer, tedious and brings very limited options for the buyers to make a decision. With Zaraye, buyers of raw materials can simply post their requirements for the required product and the relevant suppliers can furnish quotes in real time making the information for buying decisions vast and quick. At the same time, the suppliers can access consolidated demand volumes with the vast network of buyers on Zaraye’s platform. Faisal Aftab, Managing Partner & Co-Founder of Zayn Capital BitRate Fund commented: “Procurement in the manufacturing industry is a massive problem with similar models showing immense success in comparable markets. We believe in the Zaraye team and their capabilities in solving this problem in Pakistan. We’re super excited to be a part of their journey.” Zaraye is available across platforms with their iOS, android and web app. The platform helps buyers of raw materials connect with multitude of suppliers who furnish their quotes in real-time making the process faster and hassle free. Zaraye was founded by IBA class fellows Taha Iqbal Teli, Hashair Junaid Ahmedani and Ahsan Ali Khan who worked together at multiple instances throughout their academic and professional careers. Taha and Ahsan have been part of the tech ecosystem for the past 5 years with experience at giants like Careem and Swvl. Ahsan led Swvl’s Travel category for Pakistan in his last stint, while Taha led the TaaS product for Karachi before launching the Daewoo Adda, a logistics product for transportation’s leading player Daewoo. Meanwhile, Hashair after completing his post-graduate degree at the University of Bath, where studied with Taha he returned to Pakistan to join his family business in Karachi. Hashair soon found his passion in the hospitality industry introducing Czech and Levantian cuisine to Pakistan with two successful ventures while building an FMCG brand for imported coffee from Latin Amercia. Hashair Junaid Ahmedani, co-founder of Zaraye added: “Small and medium business owners have been trapped in a cycle of high competition and lack of financing options- Zaraye aims to help these businesses scale as they find the efficiencies in procurement and financing options to make better decisions for their businesses.” Taha Iqbal Teli, co-founder of Zaraye said “Our goal is to help these entrepreneurs focus on manufacturing and selling their products. Zaraye will handle the entire procurement process, all the way from getting quotes, assuring quality, delivering to their doorsteps with any after-sales assistance our partners might require. Our partners remain at the heart of all our endeavors and we believe this massive problem cannot be solved without a world class team. As we build great solutions for our customers, we are always on the lookout for great talent and I would encourage everyone who feels passionately about building solutions at scale that make lives easy and loved by customers to apply away.” Having worked together on multiple projects, the three came together to solve one of the biggest problems faced by the manufacturing industry in emerging markets. Hashair’s experience while working with his family business was critical in understanding the problems faced by the businessmen and how they operate. The team amalgamates context from legacy businesses and building modern solutions at scale. Zaraye has built a strong team with experience from Swvl, PWC UK chapter, Daraz and Louis Dreyfus and their tech team is led by Asif Ali, ex-CTO Cheetay. About Zaraye Founded in late 2021, Zaraye helps manufacturing businesses procure raw materials and finance the working capital. It is currently serving clients across textile and construction industries, with over 300 partners and suppliers spread out in 20+ cities. Zaraye is available across platforms with their iOS, android and web app. The platform helps buyers of raw materials connect with multitude of suppliers who furnish their quotes in real-time making the process faster and hassle free. About Tiger Global Management Tiger Global Management is an investment firm focused on public and private companies in the global internet, software, consumer,and financial technology industries. Tiger Global has been an investor in companies such as Facebook, Stripe, Uber, Coinbase, Byju’s, Instacart, LinkedIn, Nextdoor, Postmates, Quora, Spotify and others. About Zayn Capital Zayn Capital is an investment firm providing debt and equity financing to start-ups in Pakistan with occasional opportunistic bets in the region. It was founded by Faisal Aftab and Faisal Chowdhry who both serve as managing partners of the Venture Capital firm. Zayn Capital has made 20 investments with lead investments in Nayapay, Bagallery, Krave Mart and Bookme.pk among others. Their team is made up of seasoned executives, investors, founders, and operators who partner and support startups in Pakistan. For more information, please visit https://www.zayn.capital/ Contact Details Zaraye Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website http://www.zaraye.co/

April 14, 2022 07:00 AM Eastern Daylight Time

Image

Afraid of Public Speaking? Practice with AI Used by World Champions

Yoodli

Yoodli launched its free platform to help people improve their speaking skills without the pressure of an audience. The technology, developed at the Allen Institute for Artificial Intelligence, provides real time analytics on your use of filler words, pacing, volume variation, and more. A demo video is available here. “Building your speaking skills is like training a muscle,” says Varun Puri, a co-founder at Yoodli. “The same way we warm up before athletic events, or calm our minds through meditation, we can train our bodies before we speak. At Yoodli, we think that speech preparation can be fun and stress-free. That’s why we’ve built daily AI powered drills to help people improve their impromptu speaking and interview skills.” The National Institute of Mental Health reports that public speaking anxiety affects 73% of people; overcoming this fear helps build self-confidence and empowers you to stand out amongst your peers. Think of Yoodli as a smart mirror. It provides judgment free, real-time analytics so that you can track measurable progress over time. And once you feel more confident, you can share your speeches with colleagues to get peer feedback directly through the platform. The process of preparing for a speech doesn’t need to be lonely! Yoodli has been used by a number of world-renowned experts such as Craig Valentine, winner of the World Championship of Public Speaking award. He says: “Yoodli saved me hundreds of hours by allowing me to easily collaborate with students. I use Yoodli with all my students and can’t imagine coaching without it.” Ed Tate is another World Champion of Public Speaking, and a regular attendee at Toastmasters International speaking events. He says: “Prepared speaking is my jam. However, I had not won our club’s impromptu speaking contest (called ‘table topics’) in years. Ever since I started using Yoodli, I’ve won ‘table topics’ at my Toastmasters club three times in a row.” Yoodli has an advisory team that includes TEDx trainers, speech professors at leading universities, and other World Champions of Public Speaking. Investors include Madrona Venture Group, one of the early investors in Amazon, and Microsoft co-founder Paul Allen’s Institute for Artificial Intelligence. Yoodli is now available for free on laptop and desktop devices at www.yoodli.ai. About Yoodli: Yoodli is a platform that provides AI powered feedback to help people improve their speaking skills without the pressure of an audience. Developed by former engineers and product managers from Google, Facebook, and Apple, Yoodli’s platform is built upon the belief that preparing for a speech can be fun and judgment free. Yoodli’s investors include Microsoft co-founder Paul Allen’s Institute for Artificial Intelligence and Madrona Venture Group. Contact Details Forrest Carman +1 206-859-3118 forrestc@owenmedia.com Company Website https://www.yoodli.ai/

April 13, 2022 09:00 AM Pacific Daylight Time

CSG Joins United Nations Global Compact, Deepens Commitment to Social and Economic Inclusion

CSG

To envision, invent and shape a more future-ready world, CSG ® (NASDAQ: CSGS), a global leader in customer engagement, revenue management and payments solutions, has joined the United Nations Global Compact initiative — a voluntary leadership platform for the development, implementation and disclosure of responsible business practices. At the heart of the Global Compact is a conviction that business practices help the global marketplace be more socially and economically inclusive, and thus advance collective goals of international cooperation, peace and development. Guided by the Ten Principles of the UN Global Compact, CSG is focused on three core areas of change: community impact, environmental stewardship and digital inclusion. “As CSG dreams bigger, we not only have an opportunity but the responsibility to create even greater impact in the world,” said Brian Shepherd, CEO, CSG. “With guidance from the UN Global Compact, we are taking a principle-based approach to evolve our long-term business processes as we follow a path of purpose. By channeling the power of all, CSG is committed to help improve human rights and sustainability around the world. We can make a difference in the lives of our customers and our people by formally committing to the United Nations’ principles and rising to the challenge of doing the greatest good.” Corporate sustainability starts with a company’s value system and a principles-based approach to doing business. This means operating in ways that meet fundamental responsibilities in the areas of human rights, labor, environment and anti-corruption. Responsible businesses enact the same values and principles wherever they have a presence and know that good practices in one area do not offset harm in another. By incorporating the Ten Principles of the UN Global Compact into strategies, policies and procedures, and establishing a culture of integrity, companies, like CSG, are not only upholding their basic responsibilities to people and the planet, but also setting the stage for long-term success. “By aligning to the United Nations’ Sustainable Development Goals (SDGs), we have the ability to drive even greater economic impact towards a more sustainable and inclusive world,” said Cindy Parsons, executive director of social impact, CSG. “More than just doing business responsibly, CSG has the opportunity to design and innovate our products to help solve societal challenges and bring more balance to the world. We’re proud to come together with community-based organizations across the globe to create greater access and social progress for all.” Launched in 2000, the UN Global Compact is the largest corporate sustainability initiative in the world, with more than 15,000 companies and 4,000 non-business signatories based in over 160 countries. Visit CSG’s profile on the UN Global Compact website to learn more about our latest sustainability work. # # # About the United Nations Global Compact As a special initiative of the UN Secretary-General, the United Nations Global Compact is a call to companies everywhere to align their operations and strategies with Ten Principles in the areas of human rights, labour, environment and anti-corruption. Our ambition is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the Sustainable Development Goals through accountable companies and ecosystems that enable change. With more than 14,000 companies and 3,000 non-business signatories based in over 160 countries, and 69 Local Networks, the UN Global Compact is the world’s largest corporate sustainability initiative — one Global Compact uniting business for a better world. For more information, follow @globalcompact on social media and visit our website at unglobalcompact.org. About CSG CSG is a leader in innovative customer engagement, revenue management and payments solutions that make ordinary customer experiences extraordinary. Our cloud-first architecture and customer-obsessed mindset help companies around the world launch new digital services, expand into new markets, and create dynamic experiences that capture new customers and build brand loyalty. For 40 years, CSG’s technologies and people have helped some of the world’s most recognizable brands solve their toughest business challenges and evolve to meet the demands of today’s digital economy with future-ready solutions that drive exceptional customer experiences. With 5,000 employees in over 20 countries, CSG is the trusted technology provider for leading global brands in telecommunications, retail, financial services, and healthcare. Our solutions deliver real world outcomes to more than 900 customers in over 120 countries. To learn more, visit us at csgi.com and connect with us on LinkedIn and Twitter. Copyright © 2022 CSG Systems International, Inc. and/or its affiliates (“CSG”). All rights reserved. CSG® is a registered trademark of CSG Systems International, Inc. All third-party trademarks, service marks, and/or product names which are referenced in this document are the property of their respective owners, and all rights therein are reserved. Contacts: Tammy Hovey Global Public Relations +1 (917) 520-2751 tammy.hovey@csgi.com John Rea Investor Relations +1 (210) 687-4409 john.rea@csgi.com Contact Details Tammy Hovey +1 917-520-2751 tammy.hovey@csgi.com Company Website https://www.csgi.com

April 13, 2022 06:30 AM Mountain Daylight Time

Image

Performance Management SaaS Platform Mesh secures $11m funding round

Mesh

Employee performance management startup Mesh, today announced a $11m series A funding round led by RTP Global. The HR tech company co-founded by Gaurav Chaubey, Saurabh Nangia and Rahul Singh in 2020 is in full scale mode with revenues increasing 16-fold in just 2 years. Mesh, a performance management platform that makes it easy for employees to manage goals, share feedback, and run one-on-ones. Companies globally are forced to administer traditional performance reviews that rely heavily on top-down feedback. Mesh replaces this unhelpful archaic process by enabling transparency around goals, continuous feedback, and coaching conversations. “Traditional performance management tools were built for an era where companies were slow moving pyramids. Today, if you continue to drive only top-down performance reviews, your top talent will leave and as a business you’re likely to get disrupted very soon! Mesh helps modern companies scale a culture of real time performance and growth conversations across peers, managers and teams. Our vision is to enable 30 million people to achieve their full potential at work by 2030” remarked Gaurav Chaubey, Co-founder and CRO, Mesh. Recent studies* have shown that performance management is by far the most despised people process in companies (with an net promoter score of -60). A 2021 study revealed transforming and reinventing performance management as one of the 10 most impactful practices. However, a staggering 83% of companies admit they don’t use advanced people analytics from processes such as continuous performance management and employee experience effectively. Interestingly, those companies that leverage advanced people analytics are: more than 4 times likely to engage and retain employees than those who don’t, almost 8 times more likely to innovate effectively and more than 2 times likely to exceed financial targets. “When it’s done well, a continuous performance management approach motivates employees to not only accomplish their goals, but also to develop better relationships with their managers, grow and develop within the company, and excel at work that is most meaningful to them” commented Saurabh Nangia, Co-founder and CEO, Mesh. “In short, it can support a more human experience and we are here to enable this”. This funding round comes less than a year after its $5.1m seed round, taking the total funds raised to $16.1m. The new capital raised will primarily enable Mesh to focus on building a global team for further expansion in the US and APAC markets. Mesh is already working with a range of unicorn startups including Pipefy, Drip Capital, Groww, CRED and others. Madhur Makkar, RTP Global said, “Last year, we backed Mesh based on the strength and the vision of the team. Since then, the team has executed really well to not only onboard stellar customers but also delight users. Leading this round was a no-brainer for us and we are thrilled for this continued partnership as Mesh builds a distinctive brand around the future of work.” Mesh is a remote-first company that is committed to being that model organization, which its product helps its customers build. The US headquartered HRTech startup has grown to a team of almost 50 employees spread across four countries. In addition to benefits and offerings like equity ownership, unlimited and no questions asked time offs, learning allowances etc., all decisions and actions at Mesh are driven by their core values, L.O.V.E. - act with Love, nurture Openness, drive Velocity and think Exponential. Equipped with a multi-layered tech stack, the company has gained prominence across industries in Southeast Asia and the US, with upcoming plans to further expand in APAC and the US. Saurabh Nangia added: “We are delighted with the consistent support and appreciation we have received from our investors and early customers. Last year we solved for the key unmet needs of our customers. This year we’re excited to double down on enhancing user love and expanding further in global markets. We're building a truly multi-generational company that will continue to reimagine how people perform and grow in the ever-changing future of work.” Ends * Deloitte High-Impact Performance Management research study, 2018 * Josh Bersin Company About Mesh Mesh is an all-encompassing platform for performance management and employee engagement needs, making it easy for employees to actively collaborate with their employer in managing goals, receiving timely feedback, and advancing their careers. It was founded in May 2020 by Gaurav Chaubey, Rahul Singh, and Saurabh Nangia, with an extensive experience in human capital advisory and entrepreneurship. Currently, Mesh is used by 1,000+ teams across five continents, with clients including ShareChat, CRED, Groww, and Pipefy. Contact Details Mesh Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.mesh.ai/

April 13, 2022 08:00 AM Eastern Daylight Time

Image

Roland-Garros and OPPO proudly announce their extended premium partnership for 2022 and 2023 tournaments

OPPO

PARIS, FRANCE - Media OutReach - 13 April 2022 - “The FFT is delighted to renew this agreement with OPPO, a loyal partner with whom we share a desire for innovation. This collaboration with an international brand reinforces our strategy to increase Roland-Garros’s influence worldwide,” announced Gilles Moretton, President of the FFT. This collaboration between the Parisian Grand Slam and OPPO is centred around innovation and technology. Roland-Garros and OPPO share the same values and aim to constantly reinvent themselves in order to offer an optimal user experience. OPPO recently launched a new brand proposition, “Inspiration Ahead”, which affirms this ambition and ties in with the Roland-Garros tournament’s new signature, “Move the lines, with style”. OPPO as Roland-Garros' premium partner “Inspiration Ahead means showing confidence and poise when we are moving forward. It encourages us to remain resolved and graceful as brave the storm and break the stagnation. Participating sports events is fantastic for OPPO to convey the mutually inspirational spirit and communicate OPPO’s technology innovation experience with our global users,” announced William Liu, OPPO's President of Global Marketing. OPPO as the 4th consecutive year premium partner hopes to bring tennis inspiration with its unique imaging technology to witness, capture and participate in these precious spirits on the court. Also, inspiring tennis fans to always be confident and become better ones while facing obstacles and adversities. Within the framework of the 2022 tournament (from 16th May to 5th June), OPPO, who benefit from extensive visibility on the stadium’s show courts, will roll out the “RG x OPPO Photo Gallery”, a digital exhibition of photos taken exclusively with OPPO‘s newest flagship device: Find X5 Pro, thus unlocking its immense potential of unique imaging capabilities. These photos will also be displayed during the Roland-Garros tournament, in order to allow the spectators in the stadium to admire them. This year once again, OPPO will collaborate with the “Shot of the Day”, a video of every day’s best shot or rally, which will be posted on the tournament’s various digital platforms. About Roland Garros In the eyes of sports fans, and indeed the general public, Roland Garros is an unmissable event. The 2021 tournament was broadcast in 222 countries worldwide, confirming the tournament's status as a first-class international sporting event. Organised by the French Tennis Federation, Roland Garros is the only Grand Slam tournament to be played on clay, one of the oldest and most noble surfaces in the history of tennis. About OPPO OPPO is a leading global smart device brand. Since the launch of its first mobile phone - “Smiley Face” - in 2008, OPPO has been in relentless pursuit of the perfect synergy of aesthetic satisfaction and innovative technology. Today, OPPO provides a wide range of smart devices spearheaded by the Find X and Reno series. Beyond devices, OPPO also provides its users with ColorOS operating system and internet services such as OPPO Cloud and OPPO+. OPPO has footprints in more than 50 countries and regions, with more than 40,000 employees dedicated to creating a better life for customers around the world. Contact Details OPPO Media Contact press@oppo.com

April 13, 2022 07:00 AM Eastern Daylight Time

Image

EdgeSwap Lists Token on Huobi Global, Gate.io, and MEXC

EdgeSwap

EdgeSwap, an Ethereum-based layer 2 trading protocol using ZK Rollup technology, announced that users will now be able to trade EGS tokens on Huobi Global, Gate.io, and MEXC. With an opening price of $0.015 Tether (USDT), EGS skyrocketed to $0.37 USDT with the price change breaking 2366.67%. 20x Jump The announcement follows the news that EdgeSwap has greatly improved its system stability, security, and user experience. The listing of EGS tokens points to confidence in the EdgeSwap team’s capability to deliver better service to users and contribute to the long-term value to the blockchain industry. Huobi Global joins Gate.io, and MEXC amongst the exchanges already offering EGS tokens for trade. In addition, Huobi Global will be launching EGS/USDT swaps on April 13, 2022. With a market capitalization of US$7.4 million at the time of writing, the EGS token is currently trading at around 20x its opening price, reflecting the market’s confidence in Ethereum-based layer 2 trading protocols. According to data released by Huobi, approximately 51,059 users participated in the EGS token launch, with the top 3,000 eligible to purchase the 3,3333 EGS tokens available. This translates to a 5.87% success rate. Meanwhile, 25,000 users participated in the Gate.io sale event, where orders totaled 80,564 640 USDT. Future Roadmap Developed with the aim to counter the congestion, slower transaction times, and higher costs on the Ethereum network, EdgeSwap has developed layer 2 payment & AMM system, top-level layer1 and layer2 interactive systems, decentralized farming on layer 2, and other distinct components and capabilities to bring high scalability, performance, and higher security to users and developers in the Ethereum ecosystem. The ultimate goal of EdgeSwap lies in offering users the best swap, transfer, and digital mining services, so as to improve capital utilization and earn higher yields. The EdgeSwap team will focus on enhancing system scalability, lowering cost to users, and improving security. Moving forward, the EdgeSwap team will explore opportunities to collaborate with other institutions in order to improve services to users and drive industry progress. About EdgeSwap Developed by Edge Labs, EdgeSwap is an Ethereum-based layer 2 trading protocol that adopts the ZK Rollup technology. With the industry's top-grade hardware acceleration solution and circuit optimization system, EdgeSwap provides the market with high-performance, cost-effective swapping and farming services. At the same time, it protects users' assets and privacy through the highest level of security among layer 2 scaling solutions. Contact EdgeSwap: Customer Service email: support@edgeswap.io Official website: https://www.edgeswap.io/ Twitter: @EdgeSwap Medium: https://medium.com/@EdgeSwap Telegram: https://t.me/Edgeswap Discord: http://discord.gg/3crw8TUddJ Contact Details ZhengKe +86 139 2280 3249 media@global-hgroup.com

April 13, 2022 06:16 AM Eastern Daylight Time

Telos, Crypto’s Fastest DeFi Ecosystem Continues To Scale

Telos Foundation

Telos is thrilled to announce that it is implementing the DIA price oracle in support of its ambitious tEVM powered DeFi strategy. Crypto price oracles are fundamental to DeFi projects and DIA (Decentralized Information Asset) is an excellent cross-chain, end-to-end, data and oracle platform for Web 3.0 / DeFi. The tEVM is the fastest, highest capacity, most inexpensive, energy efficient, credibly neutral, and decentralized EVM to date. The addition of a quality cross-chain price oracle is a fundamental addition to Telos’ rapidly growing DeFi ecosystem. “Partnering with DIA allows Telos to fulfil its potential in supporting DeFi projects like Omnidex, Zappy, Bardi and others. We are working on a meaningful liquidity support program and offer the Ignite grant program for DeFi start-ups. Come and build your DeFi projects on Telos.” AJ Dinger, Telos Head of Business Development Blockchain oracles provide chains with a bridge connecting data from on-chain and off-chain platforms. Oracles are specifically necessary in providing DeFi applications with information from the outside world in an exact and reliable manner. These data streams, include data like cryptocurrency price feeds or lending rate feeds and they directly / indirectly play a significant role in expanding the full potential of smart contracts. An oracle provides a tool to query, retrieve, verify, and provide a blockchain with necessary off-chain-data. To be technically specific, it is a behind the scenes communication tool vs a source of information. Prior to oracles being widely available, blockchain ledgers were not able to communicate to the outside world and this ceiling not only made for a poor user experience, but it also limited the overall adoption. Oracle price feeds report live on-chain cryptocurrency price changes. Crypto assets cannot be accurately cross-chain traded without price Oracles. In DeFi, it’s common that a smart contract receives input from price Oracles, which then trigger actions in respect of lending or staking contracts. DIA’s data is directly sourced from a broad array of on-chain and off-chain sources at individual trading levels. This allows DIA feeds to be fully customized with regards to the mix of sources and methodologies, resulting in tailor-made, high resilience feeds, setting a new paradigm for oracles. “We are thrilled to enter the Telos ecosystem by integrating our open-source and transparent data and oracle infrastructure with Telos’ new EVM layer 1 blockchain. Developers will be able to natively access DIA’s broad set of data feeds for 6k+ crypto assets and 20k+ traditional assets via highly customizable and transparent oracles. We are overly excited to start collaborating with Telos native dApps to help them build the best products in an exact and reliable manner” Paul Claudius, DIA’s Head of Business Development Transparency and customizability are essential pillars for DIA. Developers can build unique price feed oracles with DIA, customizing the specific computational methodologies used as well as the data sources that make up a feed. This approach is designed to adapt to any custom needs a project might have, but also to provide users with the maximum transparency of how their data feeds are constructed, while being able to serve any asset price feed. About Telos Live since 2018, Telos Blockchain (ticker: Tlos) is a third-generation smart contract platform that offers compatibility with Solidity, Vyper and Native C++ smart contracts. Telos provides full EVM/Solidity support with fixed low-cost gas fees and no front running. Uniquely, Telos also offers a path to fee-less transactions via its robust native C++ smart contract support. Utilizing less than 0.000002 kWh per transaction, the chain can sustainably support hundreds of millions of transactions per day, produce blocks in 0.5 second intervals on a first-in-first-out basis (eliminating front running on the network) and securely validate transactions via a credibly neutral and globally decentralized block producer network. The Telos Blockchain has the throughput needed to facilitate and scale the thriving Metaverse / Web 3.0 better than any other blockchain. Its performance is unrivaled in the industry and was purpose-built to offer speed, scalability, cost-effectiveness, credible decentralization, and end-user fairness. Telos harnesses its power by utilizing tight C++ on the frontend and a custom WASM runtime environment on the backend. About The Foundation The Telos Foundation is a Decentralized Autonomous Organization established as a promotional and funding body to advance the Telos Blockchain Network and provide support to network applications. Contact Details The Team hello@telosfoundation.io Company Website https://www.telos.net/

April 12, 2022 03:00 PM Eastern Daylight Time

Video

Metabolic fitness platform Ultrahuman acquires consumer-focused wearable company LazyCo

Ultrahuman

Ultrahuman, the world’s most advanced metabolic fitness platform, has today announced the acquisition of consumer-focused wearable company LazyCo famed for creating the Aina ring wearable. LazyCo will integrate with Ultrahuman’s global in-house hardware development team as they seek opportunities to enhance the user experience and help improve global metabolic health standards. Ultrahuman will leverage the LazyCo team’s expertise to generate deeper metabolic insights and better overall health insights for consumers. The metabolic health crisis is unarguably one of the largest healthcare crises that exist today. Over a billion people in the world suffer from a metabolic health disorder which contributes to almost 85% of all chronic diseases in the world. By helping people understand how food and exercise affect their metabolic health, people would be able to make informed choices about what they eat and their activity levels. The approach is a geography/diet agnostic way to help people eat and exercise better. Measuring a powerful biomarker like glucose can reveal so much about how a particular food item affects the user’s metabolic health by measuring the glucose response. This response is unique to an individual and it depends on various factors like their gut microbiome diversity, stress levels, time of the day, food ingredient quality, etc. With this acquisition, the idea would be to expand the set of real-time biomarkers that could provide unique health insights upon correlation. LazyCo was founded by engineers turned product designers, Apoorv Shankar and Yogansh Namdeo in 2017. The company focused on building hardware products that made daily life easier. One of the notable products included the Aina Ring - an AI-powered smart ring designed to predict and automate daily tasks without the need to take the phone out of the pocket. Digital tasks such as booking cabs, controlling smart home devices, activating SOS alerts, and taking phone calls, were 7x faster and easier through the ring. LazyCo completed a successful Kickstarter campaign in 2019 and won several design and startup awards from the likes of Alibaba and Qualcomm. “Ultrahuman’s vision of making health more personalized and impactful for people syncs with LazyCo’s vision of building products that solve problems for people in the most effortless ways. Together, we can create a deeper impact on the overall health of the world,” said Apoorv Shankar, Co-Founder and CEO, LazyCo. Ultrahuman launched with a wearable (the “Ultrahuman M1”) - a metabolic health tracking platform that provides intelligent nudges based on glucose biomarkers. This helps people optimize their exercise, sleep and nutrition based on deep insights from the platform. The M1 tracks the wearer’s metabolism as they go about their day. It triggers timely nudges to the user such as alerts to a high blood glucose event and suggestions to take a walk for optimizing their glucose levels. “We want to make it easy to get healthy. At Ultrahuman, we’re deep believers in passive personalized health, specifically in a health platform that requires very minimal effort from a user’s perspective. This perfectly aligns with the philosophy of LazyCo.” said Mohit Kumar, Founder and CEO, Ultrahuman. Ultrahuman was started by Mohit Kumar and Vatsal Singhal who were also co-founders at Runnr which later merged with India’s largest food delivery service Zomato. Mohit is an avid cyclist, biohacker and Brazilian Jiu-Jitsu enthusiast. Vatsal is a cross-fit enthusiast and a biohacker. Mohit was training at one of the largest MMA Camps in the world (Tiger Muay Thai in Thailand). There, he observed athletes train smartly via the usage of data, recovery tools and protocols. He got together with Vatsal and they came up with a vision for Ultrahuman where they can make the journey of fitness for people more personalized and impactful. Ultrahuman is a venture-backed startup that has raised $25m to date. Their investors include Alpha Wave Incubation (AWI), which is backed by DisruptAD and managed by Falcon Edge, Steadview Capital, Nexus Venture Partners, Blume Ventures and Utsav Somani’s iSeed fund, and a range of marquee founders and angel investors including Tiger Global’s Scott Schleifer. About Ultrahuman Ultrahuman is the world's most advanced metabolic fitness platform. By using glucose and other biomarkers, Ultrahuman is helping people improve their energy levels, lose fat and avoid metabolic disorders. For more information and updates on Ultrahuman, please visit ultrahuman.com or follow us on Facebook, Instagram, Twitter, LinkedIn, and YouTube. Contact Details Ultrahuman Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://ultrahuman.com/

April 12, 2022 09:00 AM Eastern Daylight Time

Image

1 ... 470 471 472 473 474 ... 627