Connect with us

Press Release

Free World: Ceaseless exploration in decentralized field

Published

on

Initiated by the Uniall Foundation and founded by Decentralized Autonomous Organization (DAO), Free World is a free ecology focusing on full-financial application of DeFi. Ecology aims to build a free, shared, safe and highly encrypted DeFi digital economy with open value for the global users. Completely different ecological solution from the previous centralized platform is provided for users through the rigorous design of top-level business logic.

Decentralized Autonomous Organization (DAO)

Full-financial ecology of DeFi can’t do without the governance of DAO. As a decentralized autonomous organization, DAO keeps running through smart contract, codes transaction and rules on blockchain, and has various unique advantages to achieve the openness and fairness, unmanned intervention and autonomous operation. But it lacks the legal entity.

Uniall Foundation will ensure the release and development of Free World ecology till the establishment of the Free World community which is enough for completely decentralized self-maintenance. Free World ecology adopts the double token mechanism for DAO governance, namely the stablecoin FD and EcoCoin BSK. The token will be used to act as the value storage carrier, and can capture and solidify the increasing value of protocol network.

Decentralized ecological management system

As a decentralized ecology, management structure of the Free World is supported by completely transparent decentralized autonomous system. Such structure lets every holder of Free World understand all technology constructions and value circulations in ecological basis, and fully embodies the public trust value of blockchain. All decisions in the Free World are based on the public voting decision of the token holder, and all technology updates are announced by the community. Such completely decentralized management system will entirely avoid the disadvantages of traditional institutes in centralized management. Good solution without trust risk is provided for the following issues: dictatorship of centralized management layer, tampering of data, and alone decision of group trend, etc.

In order to guarantee the fairness of Free World value and the smooth circulation and to prevent the panel control by great users and the black box operation in the history of blockchain, Free World not only conducts the decentralized autonomous management fundamentally with the support of the above-mentioned technical features, but also employs financial audits, analysts, investors, etc. from many global core financial institutions who join the financial regulatory council and provide professional supervision and guidance from the perspective of finance.

Ceaseless exploration of Free World: three-year strategic planning

March 2020: Uniall Foundation was approved, and distributed financial platform of Free World blockchain was born.

May 2020: The development of Free World public blockchain /Free World DApp was approved, and the global developers jointly broke through problems.

August 2020: Autonomous Alliance Organization of Free World DAO Global Community was established and reached the vision consensus.

December 2020: Free World whitepaper was published, and the Foundation was confirmed.

May 2021: Free World launches DEX

June 2021: Free World platform will start the DeFi liquidity mining.

August 2021: Free World ecology will start

October 2021: DeFi service will be provided and the global finance will be arranged

December 2021: Free World assets can be smoothly launched

March 2022: NFT’s transaction function will be opened

May 2022: Free World will be opened in the world, and the Financial Commission will be established

June 2022: BSK will launch hundred Exchanges

December 2022: Free World will integrate into over 200 financial products

March 2023: 30 unicorn companies with ten billion value will be incubated

June 2023: Uniall Group will be established to build the ETF with the shared community interest.

… …

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

Algernon Pharmaceuticals Strikes Deal to Advance Ifenprodil in Chronic Cough Treatment

Published

on

–News Direct–

Algernon Pharmaceuticals CEO Christopher Moreau joined Steve Darling from Proactive to announce a significant agreement regarding the company's drug, Ifenprodil with U.S. Based Seyltx. Originally discovered in Japan and not utilized in the US or Europe, Ifenprodil was initially developed to treat intermittent claudication but found application in Japan for vertigo post-stroke. Dr. Mark Williams, Algernon's co-founder, identified Ifenprodil's potential for repurposing in new markets, particularly for Idiopathic Pulmonary Fibrosis (IPF) and chronic cough, a symptom associated with IPF.

During the interview, Moreau disclosed that the company has entered into a transformative agreement with a private US firm, granting them rights to advance Ifenprodil through a Phase 2b study targeting chronic cough. This agreement provides Algernon with a 20% interest in the acquiring company and a $2 million U.S. cash infusion. This financial injection strengthens Algernon's financial position and enables it to focus on other projects, including a promising study on DMT for stroke treatment.

The agreement represents a pivotal moment for Algernon, positioning Ifenprodil for further development in a market with significant potential. Moreover, it allows Algernon to concentrate on advancing its broader drug development pipeline, ensuring the company remains at the forefront of innovation in the pharmaceutical industry.

In summary, the agreement concerning Ifenprodil marks a significant milestone for Algernon Pharmaceuticals, underscoring its commitment to advancing novel treatments and maximizing shareholder value. With a strengthened financial position and a focus on strategic initiatives, Algernon is well-positioned for future growth and success in the competitive pharmaceutical landscape.

Contact Details

Proactive North America

Proactive North America

+1 604-688-8158

[email protected]

View source version on newsdirect.com: https://newsdirect.com/news/algernon-pharmaceuticals-strikes-deal-to-advance-ifenprodil-in-chronic-cough-treatment-714219688

Algernon Pharmaceuticals Inc.

comtex tracking

COMTEX_449970504/2655/2024-03-28T08:44:41

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

The Next Wave Of AI? How Hailos Edge AI Chips May Help Transform The Industry

Published

on

–News Direct–

By Meg Flippin, Benzinga

To find out how Hailo is taking AI chips out of data centers and into devices, click here.
To find out how Hailo is taking AI chips out of data centers and into devices, click here.

Artificial intelligence is no longer restricted to big data centers, crunching complex data sets to help businesses increase productivity and improve processes. It is becoming ubiquitous as more use cases for this transformative technology emerge. One only has to look to Microsoft Corp.s (NASDAQ: MSFT) Copilot and OpenAIs ChatGPT for evidence. Relying on a large language model, the chatbots enable users to research and write content in seconds. Thats just one example of how AI is becoming more mainstream.

Were in the IBM mainframe era of AI, with the giant data centers representing a few giant computers that dominated the scene during the mainframe era, George Gilder, the well-known investment advisor who has often been ahead of trends and predicted the world would shift to a decentralized model, said during a webinar for the community and the Gilder Private Reserve subscribers. I think AI is going to be in every smartphone and every pocket, and it's going to be distributed through the Internet of Things. It's going to be ubiquitous. It's really a new IO for the new technology platform of the age.

Hailo Sits On The Edge

That shift to decentralized AI where it no longer lives in the cloud or isolated in a data center, but rather on the edge, is where Hailo, the Israeli semiconductor startup, is operating. It sees a big opportunity for newcomers like itself to take advantage of the natural progression of AI.

AI is learning from examples, contrary to plastic computers which are just being given a very specific set of rules. Its kind of intuition versus logic, Orr Danon, CEO at Hailo, said during an interview portion of the webinar with John Schroeder of the Gilder Private Reserve. Its a huge pivot in the kind of technology you need to implement this. Its an opportunity for a new player to come and emerge and take a significant market share. And that's exactly what we are doing in the company.

It is a big and growing market opportunity. Danon said the global chip market is about $600 billion today and is projected to cross the $1 trillion per annum mark at the end of the decade. Hailo makes AI vision processors and AI accelerator chips designed to accelerate embedded deep learning applications on edge devices. The companys chips can be embedded in a variety of devices including autonomous vehicles, personal computers, smart cameras, robotics, industrial machinery, healthcare devices, drones and home appliances.

Hailo Does It Cheaper

While big chip companies like Nvidia Corp. (NASDAQ: NVDA) are focusing on making AI chips for data centers and cloud computing, Hailo is seeing growing demand for AI chips that sit on the edge, processing the data locally for use with everything from in a variety of devices including autonomous vehicles, personal computers, smart cameras, robotics, industrial machinery, healthcare devices and drones. Hailo says its chips are cheaper, more efficient and only require a few watts for power consumption. In comparison Nvidia's chip requires up to hundreds of watts, Hailo said.

The apps that you run are local. Of course, you use data that is connected to the cloud, but the majority of data crunching is being done locally. And that's exactly what we believe in, said Danon. This is very beneficial in terms of power consumption of the communication requirements. If you're doing anything that requires a response quickly, like a car moving and needing to understand what's going on around it, you have to be local. That means someday these edge AI chips will be able to make everyday devices even smarter whether it is a high-definition camera or a vacuum cleaner.

Are you looking for an AI investment that wont cost a fortune? Check out what the founders of Hailo are doing to revolutionize this transformative technology here.

Cloud Will Always Have Its Role

Thats not to say there wont be a need for the cloud when it comes to AI, its rather that they will complement each other and evolve. For example, cloud and big data centers will always be needed to train the AI, but when it comes to processing or performing the tasks the AI was trained to do, Hailo believes it will happen locally or on the edge. Danon said since the company launched in 2017, Hailo has seen the majority of AI deployments occurring outside of data centers and thats also happening with large language models like ChatGPT. Over the past few years, we've seen the first wave of AI, which is based on fundamentally machine learning models trained by massive amounts of data, said Danon. But now we're seeing the second wave emerge. And that is, generative AI, which we are seeing in things like ChatGPT.

AI is in its infancy, but its quickly moving outside of the big data center and into the devices we use every day. That presents a big opportunity for chip makers catering to this area of the market including Hailo. Interested in getting in on a startup before the second wave of AI takes off? Click here.

Featured photo courtesy of Hailo.

OurCrowd was started in 2013, driven by the idea that the business of building startups grows bigger and better when the global crowd gains access to VC-level investment opportunities.Today, OurCrowd is a global venture and alternative investing platform that empowers institutions and individuals to invest and engage in emerging companies. OurCrowd vets and selects companies, invests its capital, and provides its global network with unparalleled access to co-invest and contribute connections, talent and deal flow. OurCrowd builds value for its portfolio companies throughout their lifecycles, providing mentorship, recruiting industry advisors, navigating follow-on rounds and creating growth opportunities through its network of multinational partnerships.

This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice.

Contact Details

Lisa Graston

[email protected]

Company Website

http://www.ourcrowd.com

View source version on newsdirect.com: https://newsdirect.com/news/the-next-wave-of-ai-how-hailos-edge-ai-chips-may-help-transform-the-industry-671090598

OurCrowd

comtex tracking

COMTEX_449970503/2655/2024-03-28T08:44:39

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

Bitcoin Price Could Surpass $150k by the End of the Year

Published

on

–News Direct–

Source: Unsplash
Source: Unsplash

The Bitcoin bull run is back and it could be its strongest run yet, according to experts.

After a tumultuous 2022, which saw the cryptocurrency market lose $2 trillion and Bitcoin's price drop by 63%, experienced a remarkable turnaround.1

Last week, the Bitcoin price hit a new record high, surpassing an impressive $73,000 for the first time. Although the weekend saw a mix of fear and greed as Bitcoin dropped to lows of $64,500, it has since rebounded above $69,000, with significant selling of BTC put options indicating that fear has diminished and investors are eager to buy the dip.2

This resurgence is attributed to the approval of Bitcoin exchange-traded funds (ETFs) by the SEC, simplifying the investment process and attracting institutional investors. Major players like BlackRock are heavily investing in Bitcoin ETFs, highlighting the cryptocurrenys growing mainstream acceptance.

Looking ahead, a 'halving' event in April could further boost Bitcoin prices by tightening supply. Yet, risks persist, especially with retail investors borrowing to invest in crypto, which could amplify market volatility.

The current market rally has led many financial firms to adopt a bullish stance on crypto. Standard Chartered recently revised its year-end target for Bitcoin to $150,000.3 Analysts Gautam Chhugani and Mahika Sapra from Bernstein are optimistic about Bitcoin's future, reiterating their $150,000 price target by mid-2025.4 They anticipate growing institutional interest in Bitcoin equities, benefiting mining companies.

Scott Melker and Bitwise's CIO Matt Hougan foresee a bullish trend for Bitcoin, with Hougan suggesting a potential price surpassing $200,000 this year. Galaxy Digital CEO Mike Novogratz also sees significant global demand for Bitcoin.

Bitcoin isnt the only cryptocurrency experiencing a surge. Following a memecoin frenzy over the weekend, Solana surpassed $200 and reached a record $89 billion market cap. Solana's total trading volume also surpassed Ethererum, reaching over $6.3 billion on March 16 and 17 compared to ETHs $4.4 billion.

According to a lead market analyst at crypto exchange Swyftx, Solana has effectively become the peoples coin, with the potential to reach $415, and even as high as $1,000.

As crypto continues its ascent, companies like Neptune Digital Assets Corp. (TSXV:NDA) (OTCQB:NPPTF) (FSE:1NW) stands out as a leader in the industry, focusing on financial technology and providing investors with access to a wide range of blockchain and cryptocurrency assets.

Neptune Digital Assets, which was named as one of the top performers on the TSX Venture Exchange for the second time in 3 years, is pioneering a comprehensive strategy that leverages the full spectrum of digital currency operations, including Bitcoin mining, staking, blockchain nodes, and decentralized finance (DeFi).

By offering investors an opportunity to engage with a diversified portfolio of income-generating digital assets, Neptune not only democratizes access to the burgeoning sector but also ensures a balanced exposure to its potential rewards.

Seizing Growth Opportunity Through Strategic Solana Investment

On March 27, Neptune Digital Assets Corp. (TSXV:NDA) (OTCQB:NPPTF) (FSE:1NW) reached a significant growth milestone in its proof-of-stake operations with the acquisition of 26,964 Solana (SOL) tokens, a leading proof-of-stake (PoS) blockchain protocol. The purchase was made at a price of US$64 per SOL token, representing a 66% discount to the current market value of US$193 per SOL. This move reflects Neptune's commitment to identifying and capitalizing on high-potential opportunities in the digital asset space. The company now holds a total of 31,181 staked SOL tokens, which are earning rewards.

Neptune has been actively expanding its staking business line, where it delegates tokens or operates nodes to secure PoS blockchain networks and earn rewards. These rewards contribute to Neptune's revenue streams, enhancing value for shareholders.

With Solana's PoS mechanism, Neptune Digital Assets anticipates generating an annual yield of approximately 7.5%. The acquired Solana tokens will be locked and staked, with 80% being released linearly on a monthly basis until January 2028 and the remaining 20% in March 2025. During the lock period, the tokens will earn staking rewards, subject to fluctuation.

"Our growing focus on proof-of-stake cryptocurrencies such as Solana, Polkadot, and Atom aligns with our commitment to generating sustainable revenue streams in the rapidly evolving blockchain ecosystem, said Cale Moodie, CEO of Neptune Digital Assets. Solana's staking rewards, combined with its robust infrastructure, present an attractive opportunity for Neptune to generate revenue while contributing to the security and decentralization of the Solana network. This is a remarkable opportunity to grow our assets and revenues at a substantial discount to prevailing market prices."

Solana is known for its fast transaction speeds and low fees, making it a popular platform for decentralized applications (dApps) and decentralized finance (DeFi) projects. With this investment, Neptune positions itself at the forefront of innovation in the blockchain space.

In January, Neptune Digital Assets announced its financial results for the quarter ending November 30, 2023 with $39 million in assets and no debt. The company's digital asset portfolio includes significant holdings of 335 BTC and 175,000 ATOM, along with investments in ETH, DOT, SOL, GRT, and a notable $3.52 million stake in SpaceX, reflecting Neptune's strategic and diversified investment approach in the blockchain and digital assets sector.

Click here to learn more about Neptune Digital Assets Corp. (TSXV:NDA) (OTCQB:NPPTF) (FSE:1NW).

[1] https://techmonitor.ai/technology/emerging-technology/bitcoin-price-surging-sustainable

[2] https://www.coindesk.com/markets/2024/03/18/bitcoin-back-above-67k-as-memecoins-push-up-sol-and-avax/

[3] https://cryptopotato.com/standard-chartered-ups-bitcoin-prediction-by-50-150k-by-2024-end/

[4] https://news.bitcoin.com/analysts-now-more-convinced-of-bitcoin-reaching-150000-by-mid-2025/

Disclaimer

1) The author of the Article, or members of the authors immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector.

2) The Article was issued on behalf of and sponsored by, Neptune Digital Assets Corp. Market Jar Media Inc. has or expects to receive from Neptune Digital Assets Corp.s Digital Marketing Agency of Record (Native Ads Inc) one thousand five hundred USD for this article.

3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy.

4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on pressreach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on pressreach.com.

5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article.

6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, forward-looking statements), which reflect management's expectations regarding Neptune Digital Assets Corp.s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as predicts, projects, targets, plans, expects, does not expect, budget, scheduled, estimates, forecasts, anticipate or does not anticipate, believe, intend and similar expressions or statements that certain actions, events or results may, could, would, might or will be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Neptune Digital Assets Corp.s industry; (b) market opportunity; (c) Neptune Digital Assets Corp.s business plans and strategies; (d) services that Neptune Digital Assets Corp. intends to offer; (e) Neptune Digital Assets Corp.s milestone projections and targets; (f) Neptune Digital Assets Corp.s expectations regarding receipt of approval for regulatory applications; (g) Neptune Digital Assets Corp.s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Neptune Digital Assets Corp.s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of managements experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Neptune Digital Assets Corp.s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Neptune Digital Assets Corp.s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Neptune Digital Assets Corp.s ability to enter into contractual arrangements with additional parties; (e) the accuracy of budgeted costs and expenditures; (f) Neptune Digital Assets Corp.s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Neptune Digital Assets Corp. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Neptune Digital Assets Corp.s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Neptune Digital Assets Corp.s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Neptune Digital Assets Corp.s business operations (e) Neptune Digital Assets Corp. may be unable to implement its growth strategy; and (f) increased competition.

Except as required by law, Neptune Digital Assets Corp. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Neptune Digital Assets Corp. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Neptune Digital Assets Corp. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.

7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Neptune Digital Assets Corp. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Neptune Digital Assets Corp. or such entities and are not necessarily indicative of future performance of Neptune Digital Assets Corp. or such entities.

8) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on PressReach.com constitutes advice or a recommendation.

Contact Details

James Young

+1 800-340-9767

[email protected]

Company Website

https://pressreach.com

View source version on newsdirect.com: https://newsdirect.com/news/bitcoin-price-could-surpass-150k-by-the-end-of-the-year-171128465

MarketJar

comtex tracking

COMTEX_449970189/2655/2024-03-28T08:36:48

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

LATEST POST