Investments from Outlier Ventures, Protocol Labs, Master Ventures and others will support hardware launch and further development of the Borg Protocol with committed Layer 1 partners.

TORONTO, ONJan. 25, 2022 /PRNewswire/ – Functionland inc., builders of blockchain-attached storage and the Borg Protocol, announced an additional USD 1.1M in seed funding today. The round was oversubscribed by 40%, reflecting the significant and growing interest in the company’s vision.

In addition to current investor Outlier Ventures, this round added Protocol Labs, Master Ventures, Delta Blockchain Fund and other key investors to the list of those who believe in what Functionland is trying to achieve.

“We’re excited about the milestones this funding will help us accomplish,” said Keyvan Sadeghi, (CEO, Functionland). “It is another step forward in Functionland’s mission to put a piece of blockchain on everyone’s desk. Our proof-of-concept photo storage app, Photos, is already recognized by developers as in the top three percent of open-source projects around the world. This funding will help us move successfully into the next phases of Borg Network development and our crowdfunding campaign for Box Hardware.”

Functionland’s Box will be launching soon on Kickstarter, and you can subscribe here to get notified and get 50% off on launch day.

For Functionland, this early development stage is characterized by mutually beneficial business relationships. The company already enjoys a working relationship with Protocol Labs that benefits its Borg Protocol, which uses IPFS and Libp2p technologies to facilitate p2p network transactions.

“Protocol Labs is committed to supporting projects with decentralization as a core principle of their vision,” said Brad Holden (investments lead, Protocol Labs), “Functionland’s development of blockchain-attached storage strives to decentralize cloud services and democratize the internet through the creation of a freer, more innovative Web3-based experience.”

There is significant global interest in Functionland’s project, reflected in the fact that the company has attracted high-profile Web 3.0 investors from all over the world, including Outlier Ventures (UK); Protocol Labs (USA); Tenzor Capital (Russia); Pinnacle Venture (India); Contango Digital Assets (Canada); Meta One Capital (Canada); Delta Blockchain Fund (USA); Master Ventures (Hong-Kong); DoraHacks (China); MaxStealth (Australia); MKD Capital; NxGen xyz; Oddgems.

Functionland has also established partnerships with leading Web 3.0 companies including Dfinity, Crust Network, Filecoin and Cudos Network.

SOURCE Functionland

LA has become somewhat of a hotspot of NFT-related activity over the last year. A long line of NFT platforms have chosen to plant their legs in the sands of Silicon Beach, and investors are taking notice. The latest raise for Santa Monica-based NFT agency Autograph is a surefire sign that the NFT market will remain one of LA’s top tech sectors to watch in 2022.

After launching less than a year ago, Autograph has already managed to grab the attention of a few famous athletes including Simone Biles and Derek Jeter. Now, the company is receiving a fresh injection of capital to support it as it continues to scale. Autograph announced Wednesday that it grabbed $170 million in a Series B round led by Andreessen Horowitz and Kleiner Perkins.

The latest raise comes less than a year following the company’s Series A. The $35 million round closed last summer and, at the time, valued the company at a cool $735 million, according to PitchBook data.

ALSO IN LAThese 11 LA Tech Companies Raised a Combined $5.1B+ in 2021

Autograph got off the ground last August. The startup was co-founded by superstar quarterback Tom Brady and Whip Media CEO Richard Rosenblatt. In addition to featured collections from Biles and Jeter, the platform offers a wide range of signed collectibles available for sale from the likes of Tony Hawk, Tiger Woods and Naomi Osaka.

Each of the featured athletes on Autograph’s platform can drop a limited number of NFT collectibles across two categories: Premier drops and Signature drops. The primary difference between the two? Exclusivity.

While multiple versions of each collectible are available across each category, Premier drops contain a much higher volume of those available for purchase. Signature drop collectibles on the other hand, include authentic digital signatures. Each signature is completely unique. If there are 200 signed editions of a Tony Hawk collectible, for example, each one of those collectibles will have been individually signed.

Users hoping to access the Autograph platform will first need a DraftKings account. DraftKings primarily operates as a sports betting platform, but the company has recently teamed up with Autograph to facilitate the sale of its digitally signed collectibles.

“Our creative team works very closely with our athlete partners to create an authentic, artistic collection for consumers,” Rosenblatt said in a previous statement. “The speed at which we sold out is a testament to the high-quality and accessibility of the unique product we are offering.”

Waiting rooms for each drop open 30 minutes prior to the scheduled release time so that users can get a chance to join the digital queue.

With the additional capital, the company plans to greatly increase the size of its team. Autograph is now hiring for 40 positions spanning its engineering, marketing and recruiting teams, to name a few.

Written by Jeremy Porr
January 20, 2022Updated: January 20, 2022
Source: https://www.builtinla.com/
Article link: https://www.builtinla.com/2022/01/20/nft-platform-autograph-raises-170m-series-b-tom-brady-hiring
Photo: Shutterstock

SAN FRANCISCOJan. 21, 2022 /PRNewswire/ — Chronicled, the technology company behind MediLedger Network, has entered into a partnership with Parity Technologies, the developer behind Polkadot and Substrate; together the two will leverage modern peer-to-peer communication and blockchain technologies to improve the integrity and efficiency of the Life Sciences supply chain.

SINGAPOREJan. 24, 2022 /PRNewswire/ — Blockchain Founders Fund, announced the principal close of BFF II. The $75m fund saw participation from notable investors from across the blockchain and crypto industry as well as many reputable family offices from around the world.

Roger Lim, Founding Partner of NEO Global Capital (NGC) and investor in BFF II said, “BFF is an early investor in many leading companies in the blockchain space and we are excited about co-investment opportunities and building a long-term strategic relationship with the team.”

BFF aims to be an early investor to entrepreneurs building promising blockchain, crypto, web3, metaverse startups and provide tailored hands-on support to them through the venture program.

BFF II’s investment strategy is a continuation of the success of the venture program model, investing into pre-seed and seed stage projects, and then following on, investing up to $5m into future funding rounds.

Sandeep Nailwal, Founder of Polygon and investor in BFF II said, “We are excited about BFF’s hands-on approach in backing and closely working with strong founders.”

Some of the notable investors participating in BFF II include NEO Global Capital (NGC), Appworks, Sebastien Borget COO of The Sandbox, GSR, LD Capital, Metavest Capital, TechMeetsTrader, Zipmex, Baksh Capital, Octava, Aria Group, major smart contract audit firms, Blockchain/crypto influencers and many more leading companies and individuals in the blockchain space.

The Blockchain Founders Fund portfolio includes Splinterlands, the #1 ranked blockchain game according to DappRadar, as well as leading companies such as LunarCrushASM, and Monkey Ball.

The first investments from BFF II have been made into a handful of exciting companies including FXDXGRIDRD LandRebelbotsHealth HeroThe ApocalypticsFuseFiCross the Ages, and Dogami.

Aly Madhavji, Managing Partner at Blockchain Founders Fund said, “We’re very excited by the enthusiasm and support from key industry leaders to back entrepreneurs that will shape the Web3 ecosystem.”

Discussing near term plans, Mansoor Madhavji, Partner at Blockchain Founders Fund, added, “We’ve got an incredible team working with us day to day to discover and support great companies and we continue to support our portfolio companies with their talent needs and expand the team with individuals that want to be at the cutting edge of blockchain and VC.”

About Blockchain Founders Fund
Blockchain Founders Fund (BFF) is a Singapore based early-stage Venture Capital Fund which invests in top-tier Blockchain startups globally. Their industry leading go-to-market focused Venture Program aids seasoned and first-time entrepreneurs across key business functions to fast track growth. BFF has scaled many of the leading Blockchain startups and is always looking to connect with exceptional founders across the industry including Web3, metaverse, gamefi, DeFi and NFT.

Contact:
Mansoor Madhavji
7782417860
328081@email4pr.com

SOURCE Blockchain Founders Fund

Sayata Extends A Round To $52 Million To Make Business Insurance More Accessible

Seeing more than 10X growth in 2021, Sayata looks to expand its insurance distribution platform by adding more business insurance lines.


NEWS PROVIDED BY

Sayata 

Jan 24, 2022, 09:00 ET


BOSTONJan. 24, 2022 /PRNewswire/ — Sayata, the leading marketplace for insurance brokers and carriers to easily scale their business insurance portfolios, announced the addition of $35M to the previous $17M raised just five months ago, for a total A round of $52M. The additional raise was led by Pitango Growth and Hanaco Ventures, with participation from previous investors Team8 Capital, Vertex Ventures, Elron Ventures, and OurCrowd.

Sayata’s proprietary technology automates the time-consuming process of finding and securing business insurance. Brokers are freed from the manual tasks of hunting for quotes, shuffling applications, and the lengthy back and forth with insurance providers to finalize coverage. Now, brokers input just a few pieces of information and in seconds the software platform delivers multiple insurance quotes tailored to the client’s needs. Once a quote is chosen, brokers complete the process entirely on the platform, securing coverage in a fraction of the time, allowing them to put their efforts towards deepening current customer relationships and expanding their client base.

The Sayata platform launched nearly two years ago offering a way for brokers to seamlessly find and secure cyber insurance for SMBs. The automated platform proved successful in locking down coverage for SMBs regardless of market conditions; whether it’s a “soft market” where insurance is easy to find and relatively inexpensive,  or today’s “hard market” where cyber premiums are rising and coverage is more difficult to find due to the prevalence of ransomware.

The company will use the funds to accelerate the addition of new business insurance lines fulfilling the promise that brokers will always be able to quickly and easily find any business coverage for their SMB clients regardless of market conditions.

“It’s rewarding to know that Sayata is helping brokers efficiently find relevant, cost-effective coverage options for their SMB clients. Their success is reflected in the more than 10X growth we’ve experienced in 2021,” said Asaf Lifshitz, CEO of Sayata. “This latest raise will allow us to accelerate the process of adding new lines of commercial insurance with the same easy-to-use functionally giving brokers a single destination for finding and securing insurance for SMBs.”

“Asaf and Sayata’s team have been leading the company’s staggering growth since launching their solution less than two years ago while making 2021 a breakout year,” said Isaac Hillel, Managing Partner at Pitango Growth. “They’ve demonstrated the ability to build an offering that’s already successfully migrating an industry to more efficient digital solutions for finding and securing insurance. We look forward to them replicating their success across additional business coverage categories as they tackle the $100B small commercial insurance industry.”

Lior Prosor, founding partner of Hanaco Ventures added “Sayata sits right at the heart of our insurtech 2.0 thesis. We believe the next multi-billion dollar insurtech companies will not be new consumer brands like generation 1.0, but rather solutions that transform the industry’s current manual back-end processes into streamlined digital solutions. Sayata has proven more than adept at automating the distribution process of acquiring insurance for brokers. We think they are just in the first inning of tapping into the $100B SMB insurance market in the US. We are very excited to join and support their journey.”

About Sayata

Sayata delivers rapid growth to insurance brokers and carriers that focus on small-to-medium businesses. The Sayata platform streamlines the quote-bind-issue process allowing insurance professionals to seamlessly place more insurance policies in a fraction of the time. Sayata provides an end-to-end technological solution along with educational tools, giving our partners the ability to grow their book quickly and efficiently.

www.sayata.com

About Pitango Growth

Pitango Growth is a tight and fast-moving team specializing in helping disruptive companies scale from startups into global players. With three decades of supporting Israeli founders, the team connects companies with their unique network of strategic global partners, as well as knowledge and benchmarks, that are required to fuel structured growth spurt in a constantly evolving tech world. In the past 5 years alone, Pitango Growth has helped 7 of its portfolio companies become unicorns and go Public on the capital markets, among them: Riskified (NYSE: RSKD), AppsFlyer, Via, DriveNets, Tomorrow.io, Tailor Brands, Logz.io, WhiteSource, Tabit and more.

About Hanaco

Hanaco Ventures is a New York and Tel Aviv-based Venture Capital fund that invests in the most promising start-ups from the Israeli ecosystem. Hanaco partners with Israeli companies, wherever they are in the world, helping them become category leaders beloved by their customers. Hanaco was founded in 2017 by Alon Lifshitz, Pasha Romanovski, and Lior Prosor. Hanaco’s 30+ company portfolio includes companies such as Infarm, SeeTree, AmWell, Yotpo, Namogoo, Moovit, and Via.

www.hanacovc.com/

Media Contact
Kevin Capon
kevin@westraycommunications.com 
+972-585190791

SOURCE Sayata

LOS ANGELES, Calif.Jan. 24, 2022 /PRNewswire/ — Jellysmack is all in on video creators. Today the full-service creator company announced the expansion of its fast-growing global Creator Program with a new venture that offers upfront capital to qualified creators in exchange for licensing videos in the creator’s YouTube library. Jellysmack’s unmatched deep data and AI capabilities enable the company to predict potential earnings of any given creator’s YouTube video catalog and offer lump sum payments ranging from $50,000 to $50,000,000 or more to qualifying creators. This catalog licensing venture brings the Jellysmack Creator Program’s total plan for creator investments to $750M.

Jellysmack’s new catalog licensing model gives creators an upfront cash infusion to take the next steps for business growth without giving up any equity in their intellectual property, brand, or new ventures. While many creators are expected to use the funds for common needs like scaling content creation, hiring additional team members, launching new business ventures, or securing studio space, creators can use the capital for anything they choose. Additionally, the company does not participate financially in any newly uploaded YouTube video content. This non-dilutive design allows creators to remain fully independent and at the helm of their burgeoning enterprises.

The catalog licensing venture establishes yet another pathway for Jellysmack to support creators as business owners. Creators can either opt for a deal to receive immediate capital in exchange for licensing some of their YouTube catalog, take part in the Creator Program for multi-platform monetization over time, or participate in both.

“With the addition of catalog licensing to our arsenal, Jellysmack has become the only all-around solution for creators and we’re backing our commitments with over $750 million,” says Jellysmack President, Sean Atkins. “Whether a creator is looking for immediate capital or wants to focus on long-term multi-platform growth, Jellysmack now has even more ways to empower creators as solopreneurs. It’s all part of our creator-driven mission to empower creators behind-the-scenes to go bigger.”

A large scale social video creator in its own right, Jellysmack got its start by building and scaling dozens of its own video channels like Beauty Studio, Oh My Goal, and Gamology into the world’s leading social communities. This first-hand knowledge plus the company’s unmatched technology, puts Jellysmack in a unique position to support individual creators not just financially, but also strategically.

Head of International, Youri Hazanov, explains that Jellysmack’s history sets it apart. “Unlike a purely financial partner, we think like creators and understand what creators need to grow and thrive. Between the Jellysmack Creator Program and our original content channels, our technology is gathering powerful insights that put us in an unrivaled position to evaluate and offer much-needed upfront capital for a creator’s YouTube video library.”

Jellysmack’s internal data teams include over 200 experts with hundreds of additional tech and data hires planned for this year. The company’s advanced AI technology gives it a unique edge in valuing the future performance of legacy content. Jellysmack’s predictive analytics and custom algorithms for social media video performance will be central in selecting creators and generating aggressive offers.

Jellysmack has been making a name for itself over the past few years with the skyrocketing performance of the Jellysmack Creator Program. The Creator Program leverages the company’s proprietary AI technology and first-party data to help individual video creators grow their audiences across multiple social platforms. In 2021, the Creator Program grew by 300%, going from 100 creators to over 400 by year’s end. It currently counts over 500 of the world’s most influential creators as partners, including megastars MrBeast, PewDiePie, and Nas Daily, plus fan favorites like Patrick Starrr, Bailey Sarian, and Karina Garcia. The company’s cutting edge tech stack recently attracted a nine-figure Series C investment from world-renowned technology fund SoftBank Vision Fund II which catapulted it to a unicorn status valuation.

“By receiving cash up front for their catalog videos, creators no longer have to wait years for YouTube to pay out back catalog earnings and they don’t have to worry about paying back a loan,” noted Atkins. “Their past content can literally fund their future success.”

To learn more about Jellysmack catalog licensing or to apply, visit catalog.jellysmack.com.

About Jellysmack
Co-founded in 2016 by Michael PhilippeRobin Sabban, and Swann Maizil, Jellysmack is the global creator company that detects and develops the world’s most talented video creators through technology. The company’s proprietary data and video optimization tools drive social audience growth, unlocking new revenue streams and amplifying monetization. The company is currently home to over 500 influential creators, including MrBeast, PewDiePie, Bailey SarianBrad MondoKarina GarciaDerek Deso and Patrick Starrr. Jellysmack optimizes, operates, and distributes creator-made video content to Facebook, Instagram, Snapchat, TikTok, Twitter, and YouTube. The company’s creator strategy builds upon its success in scaling its own original content channels in beauty (“Beauty Studio”), soccer (“Oh My Goal”), gaming (“Gamology”), and more. According to leading global video audience measurement firm Tubular Labs, combined Jellysmack-managed content boasts a cross-platform reach of 125 million unique U.S. users, reaching nearly 45% of all Americans and making it the largest digital-first U.S. company in monthly social media viewers. To learn more, visit jellysmack.com.

Contacts
Jellysmack Public Relations:
The Brand Agency
jellysmack@thebrand-agency.com

SOURCE Jellysmack

SAN FRANCISCOJan. 24, 2022 /PRNewswire/ — Klarity, the AI platform that turns documents into structured data and frees humans from painful and voluminous document review, today announces $18M in Series A funding led by Tola Capital with participation from new and existing investors. With 5x growth over the past three quarters, the company continues to scale and meet the needs of midmarket and enterprise finance and accounting teams. Klarity will invest this round of capital to grow its engineering and Go-To-Market teams to deliver the world’s first fully-automated document processing and management platform for finance and accounting teams for midmarket and enterprise companies. Sheila Gulati, the Managing Director and Founder of Tola Capital will be joining the board of directors.

New investors include:

  • Tola Capital
  • Invus Opportunities
  • Dave Sipes, CEO of 8×8; Sam Wilson, CFO of 8×8 and Germaine Cota, CAO of 8×8 and Klarity customer
  • Tony Tiscornia, CFO of Coupa and Klarity customer
  • Daniel Dines, founder and CEO of UiPath, Brandon Deer, VP of Operations and Strategy of UiPath and Dylan Reider of Crew Capital
  • Douglas Solomon, former General Counsel, and Ron Gill, former CFO, NetSuite
  • Brad Lightcap, CFO; Jeanine Korovesis, Controller; Jason Kwon, General Counsel, OpenAI

Existing investors following on, include: Elad GilDaniel GrossNat Friedman and Picus Capital

Klarity was founded by Harvard Law and MIT graduates, Ondrej Antos and Nischal Nadhamuni. Since launching its flagship product, Klarity has grown its enterprise customer base from zero to 39 in a single year – a group that includes some of the most innovative and well-known software companies in the world. As the company has grown, so too has customer demand for new features and capabilities. With this significant cash infusion, Klarity will deliver further capability to midmarket and enterprise customers.

“This funding round represents a huge leap forward for Klarity and its customers, and a resounding vote of confidence for our platform. We are thrilled to welcome new investors onboard, and incredibly proud that our existing investors not only participated in this round but grew their investments exponentially,” said Ondrej Antos, CEO and co-founder of Klarity. “We’re excited to invest heavily in building a unique community for revenue accounting professionals, supporting our existing customers and continuing growing at an exponential pace,” added Ondrej Antos.

“What distinguishes Klarity from the competition is that our document intelligence platform is by far the most accurate in the world. Now, we’ll be able to increase our investment into our Artificial Intelligence platform and further solidify our position as a leader in document intelligence,” said Nischal Nadhamuni, CTO and Co-founder of Klarity.

Most organizations rely on a painful, repetitive, manual review process to glean mission-critical information from documents needed for order processing, billing and revenue recognition. Klarity’s platform automates these processes to eliminate the need for manual review, which frees highly skilled professionals from the most cumbersome parts of their jobs. Klarity’s platform was built over four years leveraging cutting-edge Natural Language Processing, Computer Vision and general Machine Learning techniques to understand documents to the same degree as a human.

Today, the vast majority of enterprises don’t even realize there is a technological solution to this omnipresent problem. This additional funding will allow Klarity to build and scale sales and marketing to help reach and educate the countless enterprises positioned to immediately benefit from Klarity’s one-of-a-kind platform. “Revenue recognition and compliance with ASC 606 is both essential and presents pervasive challenges in terms of human capital requirements and human error. Not only does Klarity solve this problem of transforming documents to structured data, they have done it in a way that is automated, removes the risk of mistakes, and provides an audit trail,” said Jake Nibley, Vice President, Tola Capital. “We are delighted to be partnering with Klarity to build an enduring, AI-powered document processing platform.”

Klarity has eliminated painful, resource-intensive manual document review for some of the highest-growth SaaS companies across midmarket and enterprise like Coupa and 8×8.

During the first year of its existence, Klarity processed over 144,000 documents for its customers, increasing compliance and saving more than 35,000 human-hours in document review for finance and accounting teams at private and public companies.

“Klarity came in and quickly helped us cure one of our most challenging headaches with technology that simply didn’t exist prior. As a customer, the peace of mind Klarity delivers is extremely valuable,” said Tony Tiscornia, CFO of Coupa. “We are proud to accompany this incredible founding team on its continued journey, and look forward with great anticipation to what they have in store.”

About Klarity

Klarity is building a future where humans don’t have to waste time and mental energy on reviewing repetitive documents. With roots at MIT and Harvard, we’ve built an AI-powered software that understands documents the same way humans do and with a higher accuracy. Today, Klarity is used by finance and accounting departments at companies like Coupa and 8×8 that use Klarity’s technology to automate the burdensome review and management of documents for revenue accounting purposes. Klarity’s AI software improves financial regulation compliance, saves accounting teams 85%+ time and removes the most dreaded part of their jobs – document review. For more information, visit www.tryklarity.com.

About Tola Capital

Founded in 2010 by ex-software operators, Tola Capital is a venture capital firm that believes in the power of software and data to transform businesses. We provide hands-on engagement to founders who see that future and are building solutions with the potential for long-term, transformational change. Tola Capital exclusively targets software companies with essential products for enterprise customers, led by exceptional and diverse talent. Tola Capital invests globally and across multiple stages to change how the world will work. For more information, visit https://www.tolacapital.com

SOURCE Klarity Intelligence, Inc.

ATOTONILCO EL ALTO, Jalisco, MexicoJan. 19, 2022 /PRNewswire/ — PATRÓN, the world’s number one ultra-premium tequila, has teamed up with BlockBar.com, the world’s first direct to consumer NFT marketplace for wine and spirits, to launch its first-ever NFT, unlocking a bottle of the limited-edition PATRÓN Chairman’s Reserve. This a one-of-a-kind, exclusive blend is an incredible aged tequila reserved for the most discerning fans. It has, until now, never been released to the public, and purchase of the NFT provides ownership rights to the physical bottle of Chairman’s Reserve. A complex yet delicate tequila, made of 100% Extra Añejo, this release is the ultimate form of luxury, and is so rare that it will never be replicated again. Only 150 individually numbered bottles of this exquisite tequila will be available exclusively on BlockBar.com.

The craftsmanship, creativity, and talent of the legendary PATRÓN production team has allowed PATRÓN to constantly experiment, explore and create bold innovations – like PATRÓN Chairman’s Reserve – while staying committed to its handcrafted production process. Aged to its full potential in a combination of Sauternes (80%) barrels  and barrels made from both French Limousin and New American Oak in the Barrel Room at Hacienda PATRÓN, this tequila features an incredibly unique finish that creates a remarkable wine-like quality to complement the agave notes. This special release has a truly one-of-one formula with tasting notes of honey, butter and caramel followed by citrus touches of orange and tangerine.

The limited-edition Chairman’s Reserve blend is bottled in a handmade crystal decanter, hand-numbered by the PATRÓN familia, and beautifully packaged in a dome-shaped box with front-opening double doors featuring laser-cut panels that allow light to illuminate the liquid inside. The stunning packaging artwork is inspired by PATRÓN tequila’s birthplace in Atotonilco el Alto, Mexico with imagery evoking the Jalisco highlands, the PATRÓN Hacienda and agave fields. Constructed of dark, polished hard wood, hammered metal and luxurious engraving and inlays, the package itself is an object of art and desire.

“We’re thrilled to be working with BlockBar as the first tequila brand on the platform and for PATRÓN Tequila’s first-ever foray into the NFT market with the launch of PATRÓN Chairman’s Reserve. As one of the few brands that still makes tequila by hand, it’s exciting to be able to bring our passion and dedication to perfection and craftsmanship into the digital realm to a new audience of NFT collectors,” shares Kathy Parker, President and Global Chief Marketing Officer for PATRÓN.

The exceptional PATRÓN NFT with BlockBar.com bridges the physical and digital marketplace, whether it is acquired for personal enjoyment, investment purposes or securing a rare and unique item for tequila connoisseurs and NFT collectors. The cryptographic version will be held securely by BlockBar, with a record of authenticity held on the blockchain as a digital certificate of ownership. The buyer may choose to redeem the physical product and have it delivered from BlockBar’s secure storage facility, safely trade its NFT version within the BlockBar.com marketplace, keep in their virtual bar or gift it through BlockBar’s new gifting offering on BlockBar.com

“We’re excited to be a part of this innovative milestone for both PATRÓN Tequila launching its first NFT, and BlockBar teaming up with PATRÓN – the number one ultra-premium tequila – as the first tequila brand on our platform,” comments Dov Falic, co-founder and CEO of BlockBar.

The first-ever tequila NFT from PATRÓN will drop on https://blockbar.com/brands/Patron at 10AM EST on Tuesday 25th January, first come first served. The NFT priced at 1.5 ETH (approx. $4,500) may be purchased from BlockBar with Ethereum (ETH) or by credit card.

For more information, please contact jaclyn@the5thcolumnpr.com for BlockBar or patron@mbooth.com for PATRÓN tequila.

About PATRÓN Tequila: From hand-harvesting the highest-quality 100 percent Weber Blue Agave, to the traditional, time-honored distillation process and individual labeling, numbering, and inspection of each bottle, PATRÓN tequila is crafted with meticulous precision and care. Though PATRÓN has grown to become one of the most recognized and respected luxury spirits brands in the world, it is still exclusively produced in the Highlands of Jalisco, Mexico, in the same small batches and with the same commitment to quality and craftsmanship. PATRÓN is part of the portfolio of Bacardi Limited, headquartered in Hamilton, Bermuda. Bacardi Limited refers to the Bacardi group of companies, including Bacardi International Limited. THE PERFECT WAY TO ENJOY PATRÓN IS RESPONSIBLY. ©2022 PATRÓN, TEQUILA PATRÓN LOGO AND PATRÓN BEE LOGO ARE TRADEMARKS.

About BlockBar 
www.BlockBar.com
Founded in October 2021, BlockBar is the world’s first NFT DTC marketplace that connects consumers and collectors with the owners of luxury wine and spirits brands by providing the opportunity to exchange NFTs for unique products. Having been in the spirits industry for many years co-founders Dov and Sam Falic noticed the issues consumers and brands were facing in the world of wine and spirits, so launched BlockBar to provide transparency, authenticity, quality assurance and storage. BlockBar’s proprietary platform allows consumers to purchase asset backed NFTs directly from the brand owners themselves. BlockBar’s proprietary smart contracts verify authenticity, and its partnership with top cyber- and crypto-security firms ensures that transactions are fully protected and transparent. Consumers are able to transact directly with the brands and no longer have to worry about authenticity or storage. The physical bottles are stored in a secure facility in Singapore with 24/7 security, motion sensors, and temperature control. Buyers can pay for products via credit card or Ethereum and have the option to either burn the NFT to redeem the physical product or resell the product through the BlockBar.com marketplace.

SOURCE Patrón Tequila

The round was led by Borderless Capital with participation from Jump Crypto, Parafi Capital, Coinbase Ventures, Genesis Capital, the Algorand Foundation, and more

MILANJan. 20, 2022 /PRNewswire/ — Folks Finance, the leading capital markets protocol for borrowing and lending built on the top of Algorand blockchain, announces the closing of its $3M Seed Funding Round, led by Borderless Capital with participation from Jump Crypto, ParaFi Capital, Coinbase Ventures, OKX Blockdream Ventures, Genesis Capital, the Algorand Foundation and many others.

Folks Finance is the result of extensive research and engineering conducted by Blockchain Italia, a blockchain software house strongly focused on Algorand. The company dedicated its best minds to the project, designing a disruptive economic lending model and introducing unique features such as staking of rewards, safety margins for cryptocurrency pairs, and an innovative liquidity provision system

The Investor Group
Round leader, Borderless Capital is the largest Algorand ecosystem investor and is committed to provide a higher multiple of the invested capital into the Folks.Finance lending pools.

David Garcia, who is CEO and Managing Partner at Borderless Capital as well as an angel investor personally supporting Folks Finance, said:

“We are proud to join Folks Finance as the lead investor in this round. Folks.Finance is a key pillar of the Algorand DeFi ecosystem. The team has done an amazing job developing their protocol and building a network of highly strategic partners, setting them up to hit the ground running at launch. The debut of Folks Finance will enable unprecedented amounts of composability among Algorand DeFi dApps and decentralized communities, empowering projects to actively participate in more inclusive and fair capital markets on-chain “

Alongside Borderless, two mainstay crypto investing firms supporting the Folks Seed Round include Jump Crypto and ParaFi Capital.

Anjan Vinod, VP at ParaFi Capital, an alternative investment firm focused on blockchain and decentralized finance markets, also commented:

As large DeFi users, we see money markets as critical infrastructure for any DeFi ecosystem. We believe Folks Finance is well-positioned to unlock liquidity for a variety of Algorand native assets and become a composable building block. From our first conversation with the Folks Finance team, we noticed how talented Benedetto and team were in designing and building DeFi applications. We are excited to support Folks’ vision in building a scalable money market.”

Folks Finance’s list of seed investors also includes leading venture capital firms such as Coinbase VenturesOKX Blockdream Ventures, Genesis Capital, Youbi Capital, Algorand Foundation, Meld Ventures, Eterna Capital, 0x Ventures, Polymorphic Capital, Valhalla Capital, ZBS Capital, and Gains Associates. Crypto veteran angel investors supporting Folks Finance include David Garcia, CEO of Borderless Capital, and  Calvin Liu, former Strategy Lead at Compound.

Several of the leading DeFi and Financial protocols of the Algorand Ecosystem also joined the seed round including Algomint, Tinyman, StakerDAO, MyAlgo, Venue OnexBackedPrismatic, among others.

Next Steps
Folks Finance is currently in its smart contract security verification phase, after successfully completing a protocol design review, and early this year is planning the official launch for Folks Finance on the Algorand TestNet, along with the release of Folksy Guys, the official NFT collection dedicated to the Folks Finance community. The team will officially publish the research paper for the protocol economic model soon, and it is already working to establish the milestones of version 2.0. Intending to outline community-centric governance, the ASA-token FOLKS will offer its holders participation in protocol decision-making power, an incentive and staking strategy, and much more.

Of the seed round fundraising, Folks Finance CEO Benedetto Biondi commented:

“We are delighted and excited about the outstanding portfolio that we have been onboarding on this investment round. The team’s excellent work has resulted in an innovative design that will make Folks Finance a mainstay in capital markets protocols. We are proud to be supported by the Algorand ecosystem, making us feel part of a strong developing and expanding family. 2022 will be the year of Algorand, and the imminent protocol launch will achieve an important milestone. We are enthusiastic about showing the outputs of a year of hard work behind the scenes.”

Join the Folks Community!
Website: https://folks.finance/
Twitter: https://twitter.com/Folks_Finance
Reddit: https://www.reddit.com/r/FolksFinance/
Linkedin: https://www.linkedin.com/company/folksfinance
Facebook: https://www.facebook.com/FolksFinance-110987081176361
Discord: https://discord.gg/V9JX5zzp5C
Telegram: https://t.me/FolksfinanceOfficial

CONTACT
info@folks.finance

ABOUT FOLKS FINANCE
Folks Finance is the leading algorithmic capital market protocol for lending and borrowing built and operated on top of the Algorand blockchain. Through the lending operations, Folks users can deposit liquidity and start earning a continuous economic return instantly. Through the borrowing operation, the users can request crypto loans by locking deposited funds as collateral. Folks Finance is the result of extensive research and engineering conducted by Blockchain Italia, a blockchain software house strongly focused on Algorand. The protocol innovations include a disruptive economic lending model designed for the soundness and security of the users, and the introduction of unique features such as staking of rewards, safety margins for cryptocurrency pairs, and an innovative liquidity provision system

SOURCE Folks Finance

NEW YORKJan. 20, 2022 /PRNewswire/ — Smart contract audit firm HashEx has recently completed a seed investment round, funneling the funds into developing a new product called AnalytEx. It is an advanced analytics ecosystem that will focus on providing clients with data and insights on various crypto-related passive-income opportunities.

HashEx is widely known in the crypto market for its expertise and solid reputation when it comes to providing high-level security services for DeFi projects. In 2021 alone, the company has conducted security audits for over 300 projects. Now HashEx seeks to make use of its expansive knowledge on blockchain data by putting together an analytical product designed with a focus on ROI and safety of investment.

With AnalytEx, users will be able to make data-driven decisions, supported by fresh information, without the need for a deeper understanding of blockchain technology. In doing so, AnalytEx will become a convenient and safe tool for those who want to increase their investment capital in a constantly changing market.

“New DeFi projects are emerging too fast for potential investors to track without missing out on some good opportunities. The demand for a new full-service product that would assist them with this task has become too big to ignore. This is why our team has come to the decision to develop AnalytEx. We estimate the potential demand for this service to reach $274 billion in 2022, and by 2025 we believe that it will grow to be over $1 trillion,” – stated Dmitry Mishunin, CEO and Founder at HashEx.

“We are now facing the next phase of DeFi evolution, and this new era requires innovative approaches to problem-solving and decision-making. We aim to create something more than just another data tracker – AnalytEx will become a powerful product that shall drive data democratization and transform the way people interact with DeFi,” – Olga Voykina, CPO and Co-founder of AnalytEx.

About HashEx

Founded in 2017, and with offices in the US, Asia and RussiaHashEx brings together a team of experts in blockchain and smart contract auditing, with the mission of providing security in the crypto sector. Over the course of its history, HashEx has audited and helped launch over 500 DeFi protocols and prevented the loss of over $2 billion worth of investor funds thanks to detailed reports on likely threats and vulnerabilities in the code and recommendations for their elimination.

SOURCE HashEx