News Hub | News Direct

All Industries

Article thumbnail News Release

Opportunities and Challenges: Exploring the Web3 Social Sector


Author: Juliet Tang, Investment Analyst at HTX Ventures Summary As Web3 technology and infrastructure develop, the Web3 social sector is facing new opportunities. Anonymity, censorship resistance, and user data ownership, among other features, are enticing users and developers to explore novel social tools. Some developers and investors have ventured into the sector, giving rise to hundreds of Web3 social projects spanning domains like social interaction, identity, NFTs, DAOs, and fan engagement. Notably, tools like CyberConnect and Lens Protocol have garnered large user bases and massive attention. In this article, we delve into the developments of the Web3 social sector and the distinctive features of Web3 social products. We also analyze several leading Web3 social projects and examine the risks and challenges facing the sector. Why should we pay attention to the social sector? The cryptocurrency domain has been considered an interdisciplinary field involving computer science, finance, cryptography, mathematics, and more. However, its adoption on a global scale is yet to be achieved, due to its short existence, inadequate infrastructure, and varying regulatory standards, as well as a steep learning curve and associated costs. As smart contract public chains like Ethereum improve, on-chain DApps have witnessed a boom since 2020. So far, there are more than 40 million DeFi user addresses, as shown in the figure below. Defi led the way in bringing users to on-chain interactions, using realistic, convenient use cases to drive on-chain economy and foster a range of on-chain Degens. In 2021, blockchain games and NFTs began to usher in a new wave of trends, acquiring numerous new Web3 users with novel gameplays, Ponzi tokenomics designs[1], and a diverse value system. Specifically, blockchain games, by allowing users to convert in-game assets into real-world value, have attracted Web2 gamers and low-income individuals in developing countries. NFTs, with attributes of identity, collectability, and brand value, have drawn in collectors, art lovers, and traditional brand owners. Since 2022, the crypto market has experienced a prolonged bearish sentiment. The once-prominent games and NFTs have waned in popularity, and the Ponzi-like economy has collapsed due to inadequate increments, resulting in a stagnation of Web3 user growth. Despite ongoing innovations, as well as persistent efforts to explore new possibilities in infrastructure, zero-knowledge proofs, payment, identity, and DeFi 2.0, a limited user base remains an essential challenge for the development of Web3. Amid the lingering bearish market, many ecosystems find themselves in an awkward situation where projects are in place without enough real users. The number of real on-chain users, excluding airdrop studios and users with multiple wallets, is probably not encouraging. To attract new users, Web3 needs to offer more use cases and create various gameplays. Currently, the social sector is anticipated to be the next catalyst for driving Web3 user growth. This sector has shown enormous potential in the traditional internet space, leveraging its massive user base and commercial value to the fullest. From MSN to Facebook, Instagram, and now TikTok, each technological upgrade has spurred the rise of new internet giants and created numerous job opportunities throughout the industry chain. With growing awareness of the privacy and commercial value of data ownership, more voices are advocating for users to control their social information and data through Web3 to enjoy the value of identity and behavioral data. For this reason, exploring Web3 social projects is expected to be one of the most promising and profitable topics in the coming period. As ecosystems like Cyber Connect and Lens Protocol mature, the Web 3 social sector is growing more robust. Although in an early stage of a boom, it has garnered market attention with some eye-catching projects. For instance, Elon Musk, one of the most influential figures in crypto, has captured global focus by endorsing Dogecoin and incorporating Bitcoin into Tesla's official documentation. Despite his statement that Twitter will never issue tokens, topics such as social identity and token rewards have been widely discussed. Moreover, events like Lens Protocol's successful fundraising of $15 million, the issuance of NFTs by internet giants like Instagram, and the listing of CYBER and other tokens on major exchanges have all contributed to the growth of the Web3 social sector. Characteristics of the Web3 social sector There isn't a universal definition of what Web3 social is, but we can put products involving information publication and exchange among individuals and user characterization into this field. Based on current developments, these mainly include social public chains, social graphs, social identities, social applications, and service tools. In the Web2 realm, traditional social media platforms like Twitter, Instagram, and TikTok have amassed a significant user base and evolved mature and diverse business models. However, the necessity and feasibility of developing Web3 social need validation. Unlike Web2, Web3 has a limited user base and is still in the stage of technological exploration. In this article, we believe that the key factors for a flourishing Web3 social sector include: 1. Anonymity and censorship resistance One of the most prominent advantages of Web3 social, compared to Web2 social, is its anonymity and censorship resistance. This feature has been proven a user need. In Web2, as data is controlled by centralized institutions, users can be arbitrarily censored and forced to delete or alter their posts on social media. Essentially, Web2 social is a social model that operates under surveillance, leaving users unable to protect their privacy. On the other hand, the decentralized Web3 social inherently safeguards user privacy and resists centralized institutional censorship, satisfying users' need for privacy protection and security. 2. User data ownership In the Web2 social model, user data is owned by centralized platforms. Leveraging user data, these platforms create user profiles to analyze user behavior for targeted advertisements and products. This approach maximizes traffic monetization while highlighting the value of data for business analysis. In Web3, users can gain commercial value from their data by controlling data ownership. From a user perspective, projects that facilitate data value monetization are appealing. In fact, this model has made some gains in Web2. For instance, Pinduoduo, a Chinese e-commerce platform known for its competitively priced products, offers cash rewards for watching videos or inviting friends to join activities (a method of acquiring new users through social networks), enabling users to monetize their traffic. So far, the Web3 space has seen several attempts to return data ownership to users, with projects like Bitcoin Lightning Network-based Nostra, Polygon-based Lens, and multi-chain protocol CyberConnect. We believe that with diverse and volatile tokens and a rich design for the token economy, monetizing data ownership can generate numerous engaging gameplays, growing wealth and new users more effectively than the previous bullish market for blockchain games. 3. Easy to use One of the elements of social projects is enabling the abundance and free flow of information within a community, and abundant information relies on a large user base. Attracting a large number of users is the most notable challenge and opportunity facing Web3 social projects. A critical factor hindering the development of the crypto sector is its limited user base. First, engaging in the industry requires a steep learning curve - users must acquire computer and crypto knowledge to be involved in on-chain interactions. Second, today's crypto projects are more complicated than their Web2 counterparts. Taking EOA wallets as an example, user experience is undermined by issues like complex seed phrases and storage methods, phishing and private key theft risks, and software updates and compatibility. This has prevented numerous Web2 users from entering the crypto world. On the other hand, this also means than any projects that are easy to use will attract a massive influx of users. 4. Composability In Web2 social, the presence of centralized institutions has resulted in massive data silos. Internet giants formed by these data silos control data access and pricing, requiring other projects to ask for permission to use data or build applications upon the data. Additionally, incompatibility and potential competition among these data silos hinder the interoperability of many Web2 applications, leaving users to register new accounts and re-accumulate information and data when switching platforms. We believe that an ideal Web3 social product has the potential to eliminate data silos, as demonstrated by the user portrait descriptions provided by POAP and ENS. We expect simpler, easier standard protocols to emerge, allowing access to most protocols while empowering users with convenient control over data ownership. This area is one of the key directions that DID explores. Overview of top projects Based on project types, social projects mainly fall into three categories: social graphs, social applications, and tool projects. Social graphs Social graphs serve as infrastructure in Web3 social, providing common standards and data sources for other application projects. A social graph should be rich in data sources, extensive in composability, and easy to use. For this reason, there is no need to build standalone new public chain projects or native projects on less popular public chains, as they create isolation from mature ecosystems. Currently, the mainstream option for developing a social graph is to build universal standards for social identities on mature chains. Prominent projects include Lens Protocol, CyberConnect, and RSS3. CyberConnect CyberConnect is a multi-chain social graph that validates and accumulates user interaction data. It provides users with personal profiles, social graphs, and smart contract wallets, and offers DApp developers standard API data interfaces for migrating user data across DApps. Having connected with Polygon, Linea, and Optimism, CyberConnect will further its integration with more networks like Arbiturm, which will help increase its user base. As of August 8, 2023, CyberConnect has 368,000 user accounts, 738,000 user operations, and over 1.25 million user profiles. Despite the current weak market performance, CyberConnect has maintained DAU of over 10,000, indicating large overall traffic. Lens Protocol Lens Protocol, developed by the renowned DeFi lending project AAVE's team members, is a Polygon-based social graph protocol that allows anyone to create non-custodial social information and build new social DApps. Through their wallets, users can create their own social profiles to engage in social interactions. They can also build interactive DApps based on Lens (they can log in to Lense for interactions, and interaction records will also be stored in their Lens social profiles). The image below shows projects within the Lens ecosystem. Over 100 projects have been built, including social, play-to-earn, streaming, DAO tools, ad management, information sharing, online paid knowledge, and lottery DApps. While still in an early stage, these projects exhibit both quantity and variety, rendering Lens even more abundant than some public chains. In general, this on-chain social ecosystem is highly economically friendly to creators. More than 110,000 addresses have obtained their profiles. According to the figures below, Lens has a user count of over 360,000 and a transaction count of 21.93 million. Both peaked in February 2023, indicating involvement from a large number of individual users or airdrop studios. Currently, daily on-chain transactions range between 15,000 and 20,000, with 3,000 to 50,000 wallet addresses participating in daily interactions. Such a large active user base amid the bearish sentiment reflects sound user data performance and growth potential in the Web3 social sector. Social graphs form the infrastructure and common tools for the entire social sector. Universal, simple, and convenient social graphs help flatten users' learning curves and reduce the barriers between DApps while accumulating more users and data. The Polygon-based Lens Protocol focuses on building its own social ecosystem. By contrast, CyberConnect, instead of creating a content platform and ecosystem, supports multi-chains and interactions with various applications. It is also actively exploring ways to attract Web2 users through wallets, and prioritizing open social profiles. Both projects are leading in the social sector, which could experience a boom due to the progress of Lens Protocol and the introduction of more of its projects. Social applications Farcaster Farcaster, created by Dan Romero, a former executive at Coinbase, is a decentralized social media platform built on Ethereum and aims to compete with Twitter. It is currently in the beta testing phase. Farcaster enables Web2-like fast and low-cost decentralized social experience by creating and storing on-chain user identities while storing other information in off-chain databases (or "Hubs"). Additionally, Farcaster ensures decentralization by allowing users to use a self-custodial model for sending and receiving messages without gateways. The ecosystem now includes nearly 20 derivative projects, spanning data analysis, image enhancement, trending topics, related topics, and search engines. As of August 9, 2023, Farcaster has over 13,000 wallet addresses, including those registered by crypto degens like Vitalik Buterin. As an independent social application, it boasts decent user numbers and engagement - there was a 2.2% growth in users and 2,500 casts were posted in the past seven days. On top of decentralized anonymity, driving Web2 users from Twitter to Farcaster remains a research priority for the platform's projects. Nostr Nostr is a decentralized open-source social transmission protocol that allows developers to build DApps. Without any centralized servers, Nostr transmits messages through a design of client and relay nodes. Unlike Web2 social, the protocol achieves full decentralization, enabling censorship resistance and privacy protection. Damus, a Twitter-like social product built on Nostr, features a decentralized, anonymous, and ads-free experience. Although still in an early stage, the product has been endorsed and backed by Jack Dorsey, the co-founder of Twitter. As a fully open, anonymous, and censorship-resistant decentralized product, Damus is more competitive than traditional social products in terms of privacy security. It has a defined market and target audience. However, to attract a broader base of Web2 users, it may need new product design and features. Friend.Tech Friend.Tech, invested by Paradigm, is a social application deployed on BASE, a Coinbase-affiliated L2 blockchain. Like traditional fan token/creator economy projects, the application offers creators services such as fan communities and token issuance. Users join a creator's community by holding tokens issued by the creator. It has become a smash hit since its launch on August 10. As of August 29, as shown in the chart, in less than 20 days since its release, it has garnered over 120,000 registered addresses, with more than 20,000 active addresses (users who access the user space). For each transaction, users need to pay a 10% fee, including 5% for the creator and 5% for the protocol. As depicted in the chart below, the protocol has accumulated revenue of over $4 million as of August 28, 2023. The rapid surge of Friend.Tech has captured attention and triggered speculations about the social sector. People are curious about the product's approach that enabled its achievements. In this article, we believe that although Friend.Tech follows the existing design of social products and token models, there are reasons behind such a success, including: 1. Ponzi-like tokenomics Fan tokens are mainly designed in two ways. One is the issuance of fan tokens. Users gain entry to a creator's community by holding a certain amount of fan tokens. These tokens follow a market-based pricing mechanism and offer features like buybacks, burns, profit sharing, and staking. The other is the issuance of fan NFTs. Users can hold fan NFTs to enter a creator's community. While also being priced on a market basis, fan NFTs may offer new token mapping, new NFT airdrops, or other privileges. In the token economy preceding Friend.Tech, fans buy or sell tokens solely based on their admiration for the creator, rather than the fluctuation of token prices. However, Friend.Tech introduced a combination of referral mechanism and Ponzi-like design to inject vitality into the fan token economy. According to Friend.Tech, a point will be distributed within six months. Although specific rules are still unknown, user points are broadly believed to be associated with token airdrops. The fusion of this strategy and the referral mechanism encourages users to invite their friends to join Friend.Tech. It also spurs them to buy shares in various creators to generate trading fees and data. Like Blur's airdrop strategy, Friend.Tech's approach attracts users by offering long-term point incentives and airdrop expectations. Meanwhile, the extended timeframe enhances customer loyalty, enabling Friend.Tech to maintain its market share after airdrops conclude. Friend.Tech has not disclosed the calculations of its tokenomics. However, according to Laurence Day's widely accepted estimation of the model, as depicted in the chart below, Friend.Tech's fan tokens follow a price curve represented by P = supply ^ 2 / 16,000. Under this model, price fluctuations are exponential, in both upward and downward directions. As early investors have the opportunity to enjoy remarkable profits, such a Ponzi-like design will continue to drive prices up until a balance is reached between buyers and sellers. This will attract more speculative participants. On the other hand, it also implies that the last few investors who haven't profited will find themselves holding valuable tokens without a market to sell. Alternatively, they can try to recover partial costs by continuously reducing prices until a new market equilibrium is reached. However, when a rapidly rising price suddenly experiences a sharp decline, it often triggers panic selling, resulting in a steep price drop. In a nutshell, the incorporation of a Ponzi economy is one of the most critical reasons for Friend.Tech's rapid surge. A similar design was seen in the Meme project XEN, where a Ponzi-like token economy and dividend incentives for early users quickly sparked a market frenzy. 2. Advantages of BASE's early stage Initially built on other blockchains, Friend.Tech's launch and popularity are closely related to the excitement around BASE and the L2 space. Since the launch of Arbitrum in early 2023, the L2 space has delivered impressive performance amid a bearish sentiment. The subsequent Zksync ecosystem, OP Stack, and BASE have fueled market enthusiasm. Anticipated launches and token issuance of Starknet, Scroll, and Zksync later this year, along with the upcoming Cancun upgrade, make L2 the most crucial and promising sector in the crypto world for 2023. Moreover, BASE is affiliated with Coinbase, a prominent crypto exchange. By launching on BASE during its early stage, Friend.Tech strategically capitalized on the market's focus and timing advantages. 3. Endorsement by Paradigm Friend.Tech earned substantial credibility by being backed by Paradigm, a top-tier investment fund for crypto. Without a fully developed website (only a rough beta version), whitepapers, or explanatory documents, the project still managed to gain extensive trust and enthusiasm. Additionally, its Blur-like point incentive mechanism was possibly designed under the guidance of Paradigm. In conclusion, while Friend.Tech follows a conventional product mechanism, it takes bolder approaches in tokenomics design, user acquisition, and marketing. In the short term, Friend.Tech might replicate Blur's path to user growth. However, the project's long-term performance as a social product needs further examination after it is fully launched. Tool projects Most social tools are designed to serve DApp projects. For example, Lens Protocol has Lenscan for browsing data and LensDAO for organization and community management; Farcaster has Alertcaster for information alerts and FarQuest for launching surveys. Social tools also comprise various general auxiliary tools, such as Debank Hi for social promotion and Utopia for DAO treasury governance, as well as tools for NFT design, account management, and wallet management. In a nutshell, the social sector is a field where developers can unleash their creativity for applications. Apart from social graphs and application tools, social applications in particular, various types of social platforms, follower platforms, and streaming platforms are emerging. As the sector is still in its infancy, the enthusiasm and efforts from developers and investors will continuously help it grow. Risks and challenges While the crypto social sector has attracted many developers and investors, it's essential to recognize the risks and challenges facing the sector. These chiefly involve technology, user growth, and compliance. Technological challenges As social products are application-focused, their development relies on mature infrastructure and technologies. A growing user base will raise more and higher requirements for social products, whose progress needs resolving issues like data storage, cross-chain information transmission, information transmission cost, and network congestion. However, today's infrastructure cannot accommodate the emergence of Web2-scale social software. User growth Apart from anonymity and censorship resistance, why would Web2 users move to Web3 social applications? Apparently, not all users have extremely high requirements for privacy protection. Numerous users fulfill their social needs on centralized social platforms. How can Web3 social products acquire more newcomers, except for these users? Should they focus solely on a privacy-conscious audience? If using economic incentives, how should they design the model to avoid economic loopholes or Ponzi-like pitfalls? Although Web3 social has garnered decent market attention and traffic, this excitement remains within the crypto community. Therefore, whether to address existing issues or create new features and demands is the key question for Web3 social products to increase their user base. Compliance Web3 social products have three major features distinguishing them from their Web2 rivals. First, Web3 products are decentralized, censorship-resistant, and privacy-protected. Second, users own their data. Third, users gain the benefits from their data ownership. Nonetheless, these selling points may become risks. Web3 products are anticipated to attract illegal and illicit practitioners while capturing the attention of regulatory agencies. With a maturing sector and a growing user base, developer security and potential regulatory inquiries, among other issues, need to be considered in advance. Conclusion Still in its early stage, the Web3 social sector relies on the development of infrastructure, including, but not limited to, cross-chain information transmission, data storage, lower transaction cost, and compliance. Today's social products encompass social graphs, social tools, and social applications. Social graphs form the foundational layer, and social applications are the largest in quantity and cover the most categories. Currently, a significant number of developers are experimenting with Web3 social product development, and investors start putting money into the sector. Growing market interest is demonstrated by the launch of CYBER tokens as well as Twitter's rebranding and ad revenue sharing model. Despite these opportunities, it's necessary to recognize the challenges facing Web3 social, including immature infrastructure, user growth, and compliance. Overall, we believe the Web3 social sector shows promise in terms of its prospects, trends, and market enthusiasm. With improved infrastructure and growing projects, investors, and tokens, we are optimistic about the sector's investment potential and future. References Web3 Social: Road to Mass Adoption ( One Origin, Two Paths: The Decentralized Social Journeys of Lens and CyberConnect (同源异流:Lens 和 CyberConnect 的去中心化社交路径) - Biteye ( Who Will Become the Next Hit? A Glance at Popular Web3 Social Projects (谁能成为爆款?一文盘点 Web3 社交赛道热门项目) - Web3Caff About HTX Founded in 2013, HTX has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investment, incubation and other areas. HTX serves millions of users worldwide, with a business presence covering over 160 countries and regions across five continents. Its three development strategies - "global development, technology drives development, and technology for good" underpin its commitment to providing comprehensive services and values to global cryptocurrency enthusiasts. Contact Details Michael Wang Company Website

September 22, 2023 09:57 PM Eastern Daylight Time

Article thumbnail News Release

Copper Property CTL Pass Through Trust Releases Q2-2023 Penney Intermediate Holdings LLC Financial Statements and Master Lease Store Performance Disclosures

Copper Property CTL Pass Through Trust

Copper Property CTL Pass Through Trust (“the Trust”) has filed a Form 8-K containing the Q2-2023 consolidated financial statements of Penney Intermediate Holdings LLC for the three months ended July 29, 2023 and July 30, 2022, respectively, and related Master Lease store performance disclosures. Additional information, including the Trust’s Monthly and Quarterly Reports, as well as other filings with the Securities and Exchange Commission (“SEC”) can be accessed via the Trust’s website at About Copper Property CTL Pass Through Trust Copper Property CTL Pass Through Trust (the “Trust”) was established to acquire 160 retail properties and 6 warehouse distribution centers (the “Properties”) from J.C. Penney as part of its Chapter 11 plan of reorganization. The Trust’s operations consist solely of owning, leasing and selling the Properties. The Trust’s objective is to sell the Properties to third-party purchasers as promptly as practicable. The Trustee of the trust is GLAS Trust Company LLC. The Trust is externally managed by an affiliate of Hilco Real Estate LLC. The Trust is intended to be treated, for tax purposes, as a liquidating trust within the meaning of United States Treasury Regulation Section 301.7701-4(d). For more information, please visit Forward Looking Statement This news release contains certain “forward-looking statements”. All statements other than statements of historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “our vision,” “plan,” “potential,” “preliminary,” “predict,” “should,” “will,” or “would” or the negative thereof or other variations thereof or comparable terminology and include, but are not limited to, the Trust’s expectations or beliefs concerning future events and stock price performance. The Trust has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Trust believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond its control. These factors, including those discussed in the Trust’s Registration Statement on Form 10 filed with the Securities and Exchange Commission (the “SEC”), may cause its actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. For a further list and description of such risks and uncertainties, please refer to the Trust’s filings with the SEC that are available at The Trust cautions you that the list of important factors included in the Trust’s SEC filings may not contain all of the material factors that are important to you. In addition, in light of these risks and uncertainties, the matters referred to in the forward-looking statements contained in this news release may not in fact occur. The Trust undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. Contact Details Jessica Cummins - Controller +1 847-313-4755 Company Website

September 22, 2023 04:15 PM Eastern Daylight Time

Article thumbnail News Release

Huobi's Transformation to HTX: Evolution and Global Vision


By Frank, Foresight News In a fast-paced crypto industry, a decade is a significant milestone. For leading crypto exchange HTX, the 10th anniversary is a special moment representing the successful culmination of its first decade-long journey. These past ten years have seen the crypto industry experience both remarkable highs and challenging lows, mirroring HTX’s journey filled with moments of glory and setbacks. HTX began humbly in 2013, growing and attaining the status of the largest exchange in the Chinese market in 2017. Even though HTX exited Mainland China in 2021, it achieved significant milestones elsewhere. This year, as another decade begins, how will HTX embark on its next decade-long plan? From Huobi to HTX: A New Chapter Starting with "X" In algebra, the letter "X" is often used to represent something unknown with limitless possibilities. For Elon Musk, the element "X" plays a significant role in his companies, from xAI to SpaceX. After acquiring popular social media platform Twitter, he rebranded it under the element and named it “X”. Nearly a year under the new ownership, HTX has successfully integrated 'X' into its revamped brand strategy, signaling the start of a new global chapter. This rebranding introduces a new corporate slogan: “HTX, Just Trade It.” ● According to HTX's spokesperson, "H" stands for Huobi and continues the heritage of Huobi, "T" represents TRON with a commitment to continue building in the TRON ecosystem, and "X" stands for the exchange. ● From a different perspective, ‘HT’ also represents the native platform token on the exchange (HTX Token), so the name ‘HTX’ can also be understood as the exchange for trading HT. Being a well-known exchange in the industry, HTX is undoubtedly a valuable asset that has withstood the test of time. So what considerations prompted HTX to revamp its branding? HTX has been a leader among the Chinese crypto exchanges. However, with changes in the landscape and its withdrawal from Mainland China, HTX's market share and competitiveness have seen stale growth. While distractions in the evolving competitive scene led to HTX’s weaken share: The rise of DeFi, Layer2, and other exchanges created greater competition. This elevated market globalization and decentralization. To keep up with the rapidly changing environment, the transformation and upgrade of HTX is inevitable. This broader context is the driving force behind HTX’s rebranding, especially considering the following two timelines: ● In September 2013, HTX was officially established. Over a decade, HTX experienced significant transformations, from dominating the global Bitcoin trading market share to setting up offshore companies. ● In October 2022, HTX underwent a change in ownership, with significant developments such as the introduction of Justin Sun in an advisory role, and organizational and personnel adjustments. HTX has spent a year in adaptation, which involved several months dedicated to restructuring, cost reduction, and efficiency readjustments. As a result, HTX now finds itself on a more stable footing, and in prime condition to initiate this brand upgrade: Recent internal adjustments also provided the exchange with the opportunity to begin a new chapter of strategic planning for the next decade. HTX Embarks on a New Global Journey With this rebranding, HTX is once again embarking on a journey of globalization, with HTX as its global brand. The strategic plan covers two main areas: expanding its global reach and diversifying its product offerings, in an effort to achieve global expansion in a coordinated manner. Ramping up Global Compliance Step by Step HTX's Dominica market marks the beginning of its journey in global expansion. Its main goal is to achieve decentralization while focusing on key regions, exploring potential markets, achieving balanced growth in different countries, and strategically expanding its global footprint. In other words, the goal is to reduce dependence on a single country or region. Instead, HTX will continuously explore new markets such as their partnership with Dominica. They will venture into new markets with promising prospects. This approach requires keen intuition and swift action, and the Hong Kong crypto market stands out as one of the best examples of this strategy. Today's cryptocurrency markets and projects cannot ignore the potential and influence of Hong Kong. Earlier this year, HTX crossed its path with Hong Kong. In April, HTX Night was held during the Hong Kong Web3 Carnival, which Justin Sun attended as a speaker. Hong Kong also witnessed the establishment of the pioneering crypto rating agency HKVAC in late May, with HTX proudly serving as its first exchange member. Clearly, HTX's presence in Hong Kong is gradually taking shape. Apart from Hong Kong, HTX is currently advancing compliance efforts in other countries and regions, including Gibraltar, Lithuania, Dubai, BVI, Australia, and more, applying for licenses and building compliance. Furthermore, in June 2023, HTX's Mars Program set its sights in space, aiming to challenge the boundaries of cryptocurrency adoption. The narrative in the blockchain industry has always been about providing banking services to those regions lacking banking and financial infrastructure. However, HTX's strategic initiatives span across Asia, Europe, Africa, and Oceania, aligning with the strong demand for cryptocurrencies in emerging markets. This expansion also serves as a crucial lever for HTX to compete for market share and expand its financial services. As the volume and influence of the crypto space continue to rise, it becomes clear that complying to regulations are essential for the overall growth of both the crypto industry and the exchange sector. HTX's commitment to regulatory compliance is its lifeline, highlighting its dedication to achieving balanced growth and establishing a global presence in the space. Forging a "Super Crypto Ecosystem" Competition in the crypto exchange sector has always been fierce, particularly in today's saturated market. To attract and retain users, exchanges must look beyond the core function of trading and offer more. HTX is in the process of reshaping its product portfolio ahead of market trends, recognizing the need to diversify products and services beyond geographical expansion. They aspire to be the driving force behind the creation of the ultimate cryptocurrency ecosystem, akin to Elon Musk’s ambitions for social media platform X (formerly known as Twitter). HTX envisions a super ecosystem that aims to introduce top-quality assets into the cryptocurrency realm and provide an all-encompassing platform including spot trading, derivatives trading, wealth and asset management. The goal is to enable users to trade, discover, and invest in selected crypto assets while delivering professional services and diversified products to a global user base. What sets them apart is its competitive edge, perfectly resonating with the TRON blockchain, which hosts billions of USDT and a massive user base. This brings together the synergy of an exchange, public blockchain, and stablecoin, resulting in a "1+1>2" effect. Their strategic approach addresses a core business model that many other exchanges, such as Binance, are emphasizing but have yet to fully develop. It involves integrating real-world assets (RWA) with genuine use cases into the cryptocurrency space, bridging the gap between high-quality assets and exchange users worldwide. One notable example of HTX's commitment to this vision is its strong support for RWA DAO’s Real World Asset (RWA) token, stUSDT. Through collaboration with Justlend DAO, HTX facilitates stUSDT staking services, an initiative that integrates real-world assets into the DeFi sector, offering robust channels to users, bridging the divide of investment targets between individuals and institutions. HTX will continue to introduce a wide range of promotions and products related to asset operations. They plan to consistently refine its flagship product lineup, featuring PrimeVote and Flexi Max, and to unveil more new offerings, similar to the recently launched Shark Fin, as well as an asset custody product that was developed in partnership with Fireblocks. In doing so, HTX aims to furnish users with secured and diverse options for safeguarding and maximizing the value of their cryptocurrency assets. HTX closely monitors market trends and strategically diversifies its operations into new sectors, aiming to discover sustainable wealth opportunities that are accessible to a broader range of users. HTX will; ● Deepen collaborations with mainstream ecosystems, including (but not limited to) public chains, Layer 2, and meme coins. ● Pays close attention to developments in emerging sectors. Actively collaborates with high-quality project teams to ensure prompt listing of new digital assets on the platform, to meet users' needs for both spot and futures trading. For instance, HTX was among the first movers to list popular assets such as #PEPE and #AIDOGE during the meme coin hype this April, which played a significant role in injecting vitality into the lackluster market during this period. They have also established strategic partnerships with world-renowned service providers, public chains, and project teams, including TradingView, Polygon, and UniSat Wallet, to collaboratively build a multi-dimensional business ecosystem and enhance user experience. In addition, lucky users from the HTX Mars Program during HTX's 10th anniversary celebrations enjoyed a multitude of prizes. The prize package includes a chance to compete with shortlisted space candidates for a coveted $6 million space travel, a round trip experience on a private jet, and the latest Tesla Model 3 (distributed in the form of 20,000 USDT and 20,000 USDT in future trial bonuses). HTX aims to attract more users and bring them into the cryptocurrency realm by offering a variety of campaigns with attractive rewards. To reiterate, while HTX concentrates on the mainstream crypto ecosystem to meet with users' trading demands, it is also exploring emerging sectors to uncover more wealth opportunities accessible to users. This not only fulfills the essential needs of users in the current crypto market but also aligns with its vision after rebranding: "Achieving Financial Freedom for 8 Billion People on Earth". What Does the Future Hold for the Development of Exchanges? "People tend to overestimate short-term impacts while overlooking long-term trends''. Every turning point and revolution in the blockchain industry, from Uniswap to Cryptokitties, can be identified by subtle yet discernible clues and indications long before they actually occur. Many seemingly unremarkable new technologies or trends today have the potential to reshape the entire industry in the future. In the realm of cryptocurrency exchanges, it has been just under a year since the sudden collapse of FTX in early November 2022. The entire crypto industry and exchange landscape have now transitioned into a "post-FTX era". The most significant change is that leading platforms such as Binance, OKX, HTX, and various other small and medium-sized exchanges have successively introduced reserve asset proofs, further advancing the development of asset security within exchanges. HTX updated its Merkle tree Proof of Reserves in September this year and maintains reserves that consistently exceed 100% to ensure the security of user funds. The crypto business is still in the early stages of the adoption curve, as indicated by a Boston Consulting Group (BCG) report. However, projections indicate that by 2030, the total number of cryptocurrency users will reach an impressive one billion. The report estimates that the top five exchanges will account for 65-75% of global spot trading volume and 80-90% of the futures trading volume. In short, centralized exchanges (CEX) are expected to maintain their pivotal position in the cryptocurrency market in the near future. However, as the industry moves into the "post-FTX era", the dominance of a single exchange has reached the peak within the exchange landscape. This becomes apparent when examining industry developments and the growing recognition of the importance of risk diversification. Therefore, with the rapid expansion of CEX, the industry's future may be characterized by a landscape of "one superpower, multiple strong players." Undoubtedly, the scope of competition among exchanges will continue to broaden. Against this backdrop, regulatory compliance and product innovation are set to assume a growing importance in the competition among exchanges, mirroring the development path of Binance, which initially faced setbacks but later rose to prominence. Regulatory compliance and product innovation will become the primary drivers of competitive advantage. While this trend may be less pronounced at present, its influence is destined to increase over time. "There is the potential to breathe new life into old things through innovation and change." As old Huobi marks its 10th anniversary, the year-long restructuring of the new HTX is finally nearing completion. As these two timelines converge, the demarcation between the old and the new becomes less distinct. However, one fact remains evident: the new timeline heralds a new chapter for HTX. With the rebranding to HTX as its new identity, the exchange will strategically push for globalization, actively promote regulatory compliance and product innovation, and embark on its ambitious plan for the next decade. About HTX Founded in 2013, HTX has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investment, incubation and other areas. HTX serves millions of users worldwide, with a business presence covering over 160 countries and regions across five continents. Its three development strategies - "global development, technology drives development, and technology for good" underpin its commitment to providing comprehensive services and values to global cryptocurrency enthusiasts. Contact Details Michael Wang Company Website

September 22, 2023 02:52 PM Eastern Daylight Time

Article thumbnail News Release

Lophos Pharmaceuticals announces company is now trading on the CSE under the ticker MESC

Lophos Pharmaceuticals

Lophos Pharmaceuticals CEO Claire Stawnyczy joined Steve Darling from Proactive to share the news that the company which specializes in the cultivation, research, and sale of Lophophora williamsii or peyote cactus has achieved significant milestones. Lophos Pharma has commenced trading on the Canadian Securities Exchange (CSE) under the ticker symbol "MESC." This development marks a significant step for the company in terms of visibility and accessibility to investors. The company has successfully obtained a Controlled Substances Dealers License from Health Canada. This license empowers Lophos Pharma to engage in various activities related to controlled substances, including possession, production, sale/provision, sending, transportation, and delivery. The controlled substances covered by this license include mescaline, psilocin, and psilocybin. Lophos Pharma has entered into a strategic partnership with KGK Science to explore potential pathways to market sustainably grown, peyote-derived natural health products. While peyote itself is legally recognized in Canada, mescaline—the psychoactive compound derived from the peyote cactus—remains classified as a Schedule 3 controlled substance. These developments underscore Lophos Pharma's commitment to advancing its unique position in the emerging market of natural health products derived from peyote. The company's ability to obtain a Controlled Substances Dealers License is particularly noteworthy, as it positions Lophos Pharma to engage in research, production, and distribution of controlled substances in compliance with Canadian regulations. As Lophos Pharma continues its work in researching and developing peyote-derived products, its collaboration with KGK Science represents a key partnership to explore the potential for sustainable and legal market opportunities in this evolving sector. Contact Details Proactive Investors +1 604-688-8158

September 22, 2023 01:34 PM Eastern Daylight Time

Article thumbnail News Release

Arrow Exploration sees major milestone with CN-3 well fueling future growth prospects

Arrow Exporation Corp

Arrow Exploration CEO Marshall Abbott joined Steve Darling from Proactive to share an exciting update on the drilling of the CN-3 Well. The results from this drilling endeavour represent a significant milestone for the company. The CN-3 Well was drilled to a total measured depth of 9,260 feet, with a true vertical depth of 8,633 feet. During the drilling process, multiple hydrocarbon-bearing intervals were encountered within the C7, Gacheta, and Ubaque formations. Abbott shared with Proactive that the CN-3 Well made two substantial discoveries within the Ubaque formation, with a total vertical depth of 67 feet. These oil pay zones exhibited exceptional characteristics, similar to those found in the CN-1 and CN-2 Wells. These findings further confirm the substantial potential of the Ubaque formation within the Carrizales Norte field. Additionally, the well encountered 23 feet of pay in the C7 formation and 59 feet of pay in the Lower Gacheta formations. The Lower Ubaque zone, which initially underwent testing, revealed approximately 50 feet of net oil pay with favorable attributes such as an average porosity of 26% and an estimated permeability of four Darcies. The well initially tested at an impressive 593 barrels of oil per day (BOPD) gross initial production with a 30% water cut. However, on the 11th day of testing, the water cut increased, and the lower Ubaque test was completed. After CN-3 is in full production, the drilling rig will be relocated to the RCE field, where Arrow Exploration plans to further exploit the multi-zone RCE structure. This involves drilling two dedicated Gacheta wells and following up on the RCE-6 C7 producer. Subsequently, the drilling rig will return to the CN field to drill additional Ubaque-targeted wells. Arrow Exploration's ongoing success and exploration efforts underscore its commitment to harnessing the vast potential of these fields, positioning the company for continued growth and success in the oil and gas sector. Contact Details Proactive Canada +1 604-688-8158

September 22, 2023 01:23 PM Eastern Daylight Time

Article thumbnail News Release

DB Schenker Appoints John McDonald as Executive Vice President, Airfreight - Region Americas

DB Schenker

DB Schenker, a global leader in logistics solutions and supply chain management, is thrilled to announce the promotion of John McDonald to the pivotal role of Executive Vice President, Airfreight - Region Americas. Based out of Miami, John is set to channel his extensive 35-year career in the supply chain and logistics domain, aiming to amplify value for both customers and shareholders. Thorsten Meincke, Global Board Member for Air & Ocean Freight at DB Schenker, commented on the appointment: "John's vast experience and proven track record in airfreight logistics make him an invaluable asset to our team. His dedication to cultivating future leaders and his ability to execute intricate strategies align perfectly with DB Schenker's vision. We are confident that under John's leadership, our air cargo operations in the Americas will reach new heights." John McDonald's journey with DB Schenker began in May 2020 when he embraced the role of Senior Vice President, Air Freight, USA. Entrusted with the full P&L for airfreight, John has been leading all area and gateway managers across the USA. Before joining the DB Schenker family, John served as the Chief Commercial Officer at STG, based in Los Angeles. His rich career tapestry includes expertise in mergers and acquisitions, managing global key accounts, overseeing both air and ocean import and export operations, and spearheading training and development initiatives for expansive operations teams. Reflecting on his new role, John McDonald stated, "I am deeply honored to take on this new responsibility at DB Schenker. Over the years, I've always believed in the power of collaboration, strategy, and nurturing talent. I look forward to driving growth in our airfreight operations and continuing to serve our customers with the excellence they've come to expect from DB Schenker." Beyond his professional accolades, John is a beacon of leadership, both in his career and personal life. A Penn State University alumnus with a Bachelor of Science in Organizational Leadership, John's leadership ethos is evident in his passion for mentoring emerging leaders and helping them unlock their potential. Outside the confines of the corporate world, John is a dedicated family man, finding solace and balance in the company of his loved ones. Additionally, John enjoys spending time playing golf and skiing. John succeeds Christoph Hemmann who assumed his new role as Head of Air Freight for the Asia Pacific region, following the retirement of incumbent Dirk Noelle. About DB Schenker DB Schenker is one of the largest Integrated Logistics Service Providers in the Americas with more than 10,000 employees in 123 locations providing over 27 million sq. ft. of distribution operations to its clients. DB Schenker’s Americas presence includes Argentina, Brazil, Canada, Chile, Guatemala, Mexico, Panama, Peru, United States, and Venezuela. DB Schenker offers land transport and air and ocean freight, as well as comprehensive logistics solutions and global supply chain management services from a single source. With integrated partners across the Americas, DB Schenker provides the best combination of intimate local practices knowledge and global capabilities. Contact Details Nicholas Leighton +1 949-478-5880 Company Website

September 22, 2023 01:13 PM Eastern Daylight Time

Article thumbnail News Release Unlocking Art Shares & 633% ROI with $DOMI Token

RoundHouse Media

Imagine a world where the illustrious allure of blue-chip art—a domain once the preserve of billionaires and esteemed art galleries—becomes an open field for everyday investors. ($DOMI) is spearheading a revolution that is making this idyllic vision an attainable reality. Backed by blockchain technology, the platform is democratizing the art investment landscape, allowing you to invest, trade, and earn through fractional ownership of prestigious artworks. Disrupting the Art Market The financial world is brimming with disruptions from various innovative DeFi companies, but nothing comes close to the innovative leap is making in the art sector. It starts by solving one of the most pressing challenges of the art market: accessibility. High-end, blue-chip art has traditionally been the playground of the ultra-rich, leaving a massive pool of art enthusiasts at the sideline. addresses this inequality by fractionalizing artworks, allowing you to invest in prestigious art by owning a mere fraction of it. This fractional ownership is not just a slice of the art; it's a unique non-fungible token (NFT) that represents your share. Each artwork on is tokenized into an NFT, offering an immutable record of ownership and breaking the barriers often associated with art investing. This tokenization not only adds a layer of trust but also creates an unprecedented level of transparency in the art world, a field that has often been clouded by dubious provenance and authenticity concerns. Even more compelling is the Marketplace, a dedicated NFT marketplace where you can list your ownership stakes for sale or explore available fractions of other artworks. This marketplace guarantees liquidity, an often-overlooked feature in traditional art investment, and one that is increasingly becoming a requirement for modern-day investors. This disruption is not merely conceptual; it's already a reality. The platform is currently in Stage 3 of its roadmap, with its marketplace set to launch soon, and partnerships for secure storage of the physical art already in place. ($DOMI) In an era of financial volatility, art remains one of the most stable investment classes, historically yielding an average ROI of 7.6%. However, isn't just offering a new asset class; it's offering one with the potential for incredible returns. The best altcoins to invest in often offer a compelling story alongside their technical specs, and is no different. The tokenomics behind the $DOMI token are designed to reward early adopters and loyal investors. The total supply is capped at 1 billion tokens, with 65% allocated for the public. Interestingly, has had a successful presale currently in Stage 1, where 1 $DOMI equals 0.002625 USD. As of now, over 37.3 million $DOMI tokens have been sold, representing 43.9% of the tokens available at this stage. With a limited number of tokens left in this stage, the opportunity is ripe for potential investors. Your benefits don't end at merely owning the token. Holding $DOMI gives you access to exclusive rewards, VIP events, and even blue-chip art airdrops, making it one of the altcoins to watch. This aligns the interest of the platform with that of the investor; as the art appreciates, so does the value of your investment. Conclusion With, the future of art investment is not just for those with deep pockets; it's for anyone with a passion for art and an eye for investment. The platform combines the tangible world of art with the boundless possibilities of blockchain technology. This is not just another altcoin; it's a path to an entirely new world of investment opportunities. In a world where the top altcoins and the most popular NFTs frequently steal the spotlight, shines as a beacon for what the future of asset ownership can and should be. Learn more about $DOMI here: Visit Presale | Join the Community Contact Details James Knight Company Website

September 22, 2023 01:00 PM Eastern Daylight Time

Article thumbnail News Release

Family Office TV: Host Angelo Robles Speaks with Adam Robinson, Entrepreneur, Systems Builder, Hedge Fund Advisor & U.S. Chess Federation Life Master on the News Direct Podcast Channel


Angelo Robles, Founder and Chairman of Angelo Robles Enterprises, which includes as its family office enterprise holdings FamilyOfficeTV, SFO Continuity, Family Office Masterclass and Billionaire Mastermind, sits down with renowned American educator, Adam Robinson. The two engage in a wide-ranging discussion about the state of the world, the Russian situation and the battle of wills between Elon Musk and Mark Zuckerberg, among other topics. This episode can be viewed now on YouTube or on News Direct. About Family Office TV Angelo Robles enables viewers to participate as he interviews a dream team of economists, investors and Family Offices About Angelo Robles Angelo is the Founder, Family Office Association (FOA). He built FOA to become amongst the world’s most respected and successful membership organizations dedicated to family offices. In 2023, he sold his final interest in FOA. Angelo has created and reimagined over 20 family offices for some of the world’s most successful families. Angelo guides these families on creating and sustaining generationally dynamic and engaging family offices that are humanly wise, cognitively flexible, digitally savvy, AI enhanced and authentically anti-fragile. His core educational and consultative offerings are built around how to make and protect generational money. Contact Details Angelo Robles

September 22, 2023 12:37 PM Eastern Daylight Time

Article thumbnail News Release

The Good Patch Launches Limited-Edition Collection with The Art of Elysium

The Good Patch

The Good Patch announced today that they've launched a limited-edition patch collection, designed by artist Tasya van Ree, in support of nonprofit The Art of Elysium, which serves communities in need based upon the core belief that art heals. The Good Patch was created with one simple idea in mind: when the people around you feel good, life is more beautiful. Their wearable wellness patches go on when you need them and off when you don’t– offering complete control of your wellness. Whether you need to look alive, find your zen, or clock in some beauty sleep, The Good Patch has you covered. For over twenty-five years, The Art of Elysium has paired volunteer artists with communities in Los Angeles to support individuals in the midst of difficult emotional life challenges like illness, hospitalization, displacement, confinement, and/or crisis. They serve medically fragile children, teens, adults, seniors, those dealing with social, emotional and mental health issues, and the homeless. “The Art of Elysium’s mission to heal communities through the power of art really speaks to us here at The Good Patch. As a brand, our core belief is ‘when you feel good, life is more beautiful’ — so there are some real synergies. We are humbled to be able to support such a meaningful organization, as well as one of their volunteer artists, Tasya van Ree. The designs Tasya created for this unique collaboration remind us to appreciate the beauty each day has to offer. In this chaotic world we all live in, finding the beauty in art is one small (or big) way we can take a moment for ourselves to recharge, heal, and find inspiration,” said The Good Patch CEO Cedar Carter. The packaging of this limited-edition version of the brand’s best-selling B12 Awake Patch features a beautiful sun motif. Inside, the four patches feature a colorful variety of sun-inspired designs. The collection is available at beginning September 12th and on Amazon later in September. A limited time only bonus pack will also be available later this month, exclusively at Target stores. The bonus pack includes four original B12 Awake patches plus one free van Ree designed bonus patch, available while supplies last. "The SUN represents everything significant. It enriches and restores our time here in every way possible. It nurtures the body with the energetic flow of life force and has precise qualities to rejuvenate the mind, bringing light and importance to one’s daily life,” said artist van Ree on the inspiration behind the design. “At The Art of Elysium, our mission is to use art to heal, and empower artists and communities of need to join together, to emotionally triumph over their circumstances through art. The mission of The Good Patch is aligned in that they are also all about helping people feel good, one patch at a time. We are honored to have one of our artists, Tasya van Ree, design this limited-edition patch to unite both of our visions of improving the overall wellness and well-being of individuals in our community,” said The Art of Elysium Founder Jennifer Howell. In celebration of the collaboration, The Good Patch will be sponsoring an intimate fundraising dinner for The Art of Elysium in Los Angeles on September 23rd with music, keynote speakers, and celebrity guests (TBA). For more information, please visit and or @ TheGoodPatch and @TheArtofElysium on social media platforms. About The Good Patch: The Good Patch, which first emerged on the market in 2018, was founded by longtime friends Betsy Scanlan, Kelly Brock, and David Nicholson. David and Kelly, owners of award-winning spas, and Betsy, an accomplished advocate in the hemp industry, all met for coffee one morning to talk beauty, wellness, and the power of plant-based ingredients. Combining each of their past expertise in the wellness industry, The Good Patch was born. Today, the brand is pioneering new approach to personal care at the intersection of beauty and wellness. The brand’s wearable patches address a variety of common daily struggles, such as B12 Awake (for the afternoon slump), Dream (for getting your beauty sleep), and Relax (for unwinding and decompressing), among other plant-powered varieties. They use tried-and-true ingredients that are 3rd party quality tested. Simply peel, stick, and remove when you are done. Since 2018, The Good Patch has been steadily growing. From its humble roots selling in spas and independent retailers, the wearable wellness patch company has grown to be sold in over 12,000 retail locations. The brand currently has 16 patches on the market, with more on the way. About The Art of Elysium: The Art of Elysium is a nonprofit organization that brings artists and those in need together to create transformative healing experiences through art. Their mission is to empower artists and inspire communities to make a positive impact through creative expression. Learn more at [ ]. The Art Salons offer a unique backdrop for artists, influencers and brands to come together in an immersive experience where art intersects with philanthropy. Each Salon experience includes an artist lead panel discussion, followed by a musical performance and a meal by a culinary creative. Select volunteer artists have the opportunity to preview their work for established artists in the field. Learn more at [ ]. About Tasya vs Ree: Tasya van Ree is a multidisciplinary artist. Her artwork is infused with otherworldly elements of eros, alchemy, and the infinite mystery of the natural world. She has always been intrigued by the everyday wonders of life’s visual offerings, which is a testimony to how she uses her intuitive eye for form and composition. With her sense of expansive awareness, van Ree is able to transcend boundaries across all mediums to exist in her own radical embrace of expression. ### For press inquiries, please contact Elyse Koenig: Beauty & Wellness Consulting: Nathalie Kourie 858.342.7769 Contact Details Elyse Koenig: Beauty & Wellness Consulting Nathalie Kourie +1 858-342-7769 Company Website

September 22, 2023 12:00 PM Eastern Daylight Time

12345 ... 2756