Press Release

Supra Completes Over $24m in Early Stage Funding to Date

Published

2 months ago

September 28, 2023

Cloud PR Wire

–News Direct–

Supra has raised over $24m in private investment rounds.
Supra has received investment from several multi-billion dollar prominent VCs including: Animoca, Coinbase Ventures, HashKey, Prosus Ventures, Razer, United Overseas Bank Venture Management, Valor Equity Partners, among many more.
Supra is developing an innovative cross-chain oracle and bridgeless communication network that aims to achieve sub-2 second finality with security guarantees that are projected to be over 10x more secure than incumbent bridges using their bespoke consensus algorithm, Moonshot Consensus.

Supra is helping to facilitate the massive migration of Web2 to Web3 by turbo-charging oracles, cross-chain communication protocols, and their cutting-edge consensus mechanism to build a more secure and interoperable future. There are already over 1.5 million cryptocurrency data pairs being updated daily using Supras next-gen oracle technology.

Over $24m in private investment funding has been accepted from strategic partnerships that recognize Supras game-changing R&D at the cutting edge of the Web3 stack. With several whitepapers spanning 150+ pages in peer-academic review, Supras team of PhDs has been making significant contributions to the body of academic work in secure multi-party computation, decentralized consensus, and blockchain oracles. Leading the way is Dr. Aniket Kate, known best for his work on KZG Polynomial Commitments that underpin Ethereums L2 scaling roadmap, Supras innovations are quickly becoming the new standard for state-of-the-art for oracle protocols.

As for funding, Supra has received support from some of the worlds largest digital asset funds and organizations, including: Animoca Brands, BCW, Coinbase Ventures, FiveT Fintech (formerly Avaloq Ventures), Galaxy Interactive, Hashed, HashKey, Huobi Ventures, No Limit Holdings, Prosus Ventures, Razer.com, Republic Crypto, Shima Capital, Signum Capital, SMO Capital, Sound Ventures, Sublime Ventures, UOB Venture Management (United Overseas Bank), and Valor Equity Partners.

In order to decentralize ownership and governance of the network, over 500 other funds, node operators, and angel investors have been brought in amongst these prominent names to help strategically distribute the token supply. Increasing distribution of their token is critical to the long-term success of Supras decentralized network.

Furthermore, Supra has recently announced a major gamified learn-to-earn airdrop opportunity for community members to further distribute $SUPRA to a wide range of stakeholders. Users can check out their Countdown to Blast Off campaign to join other Supra cadets and learn more. Through their gamified learn-to-earn program, Supra is projected to have over 500,000 KYCd token holders during their Token Generation Event, which is set to occur in early 2024.

Moving forward

Joshua Tobkin, CEO and Co-Founder of Supra, said hes excited to bring Supra to market and give DeFi developers and end consumer a provably fair, high-performance oracle service.

Were very pleased to have achieved the support of some of the biggest names in the blockchain industry, he stated.

Building our network of strategic partnerships is extremely important to our future growth. These partnerships will go a long way towards developing the momentum necessary to bring a much needed security upgrade to the oracle space to further protect DeFi.

Too many people have already been negatively impacted by decentralized finance hacks or exploits, and too much money has been lost. We see our cryptography driven solutions as a way to take speed and security guarantees to the next level, which ensures a higher level of protection for end consumers. We need to level the playing-field and we can't do that until we secure oracles and bridges, which have been the weakest link in Web3. This is an absolute necessity in order for blockchain to achieve its full potential.

Animoca Brands

Yat Siu, the Co-Founder and Chairman of Animoca Brands, commented: Oracles are an important link bridging data portability and interoperability across different networks, and were therefore thrilled to support Supra as one of the projects developing the essential technological basis for a truly open metaverse.

Republic

Alex Ye of Republic Advisory said: "The crypto industry had not committed to solving the oracle problem until Supra played the patient game and did their research on L1 consensus for oracles. While others might have come first to market, they all end up delaying the inevitable that Supra now fulfills. Oracles are both the key to cross-chain infrastructure, whether that comes from on-chain or off-chain data. Supra is the key that unlocks the real potential of cross-chain liquidity, multi-chain web3 applications, and more. I fully expect Supra to be the brand name internet infrastructure among traditional financial institutions and Web3 developers as synonymous as AWS, IBM, and Google in the Web2 world."

Hashed

A spokesperson for Hashed said: Oracles are currently the single most utilized vector for exploits, and its crucial for the industry as a whole to experiment with different trade-offs to improve this crucial infrastructure. Were excited to be a part of Supras journey as their approach to advancing speed and security with sophisticated randomness will be a great addition to the collective intelligence of Web3. Supra has the potential to open up use cases that were implausible before by redefining liveliness of oracle feeds, and we will be dedicated to exploring new boundaries with the team.

Sound Ventures

Maaria Bajwa, blockchain investor at Ashton Kutcher and Guy Osearys Sound Ventures, said: Supra and its incredible team have spent the last few years building a powerful oracle that has the flexibility and usability to scale with this ecosystem as it continues to accelerate in growth. Its node architecture ensures better security than existing oracles, while still processing information at faster speeds. Faster speed is critical to driving Web 3.0 closer to real-time transactions and replacing legacy systems. With a powerful oracle like Supra, DeFi users will now be able to easily offer loans across multiple chains and currencies, thereby expanding the market opportunity in DeFi. And all of this at a cheaper cost for developers and a better environmental footprint.

Prosus Ventures

A spokesperson for Prosus Ventures said: As DeFi use cases expand and scale, new multi-chain oracle solutions will need to come to market. We believe Supras technology will be a key component of the Web3.0 DeFi ecosystem, significantly increasing transaction finality to mere seconds, while improving security and enabling cross-chain interoperability. What is also apparent to us is the teams deep understanding of this space, and were confident in their leadership and roadmap to achieve what no other oracle solution has yet been able to accomplish technically.

Huobi Ventures

A spokesperson for Huobi said: "Huobi Ventures is thrilled to invest in Supra as they create and build the next-generation oracle infrastructure. We believe their seasoned team of highly experienced professionals will deliver a best in class oracle solution that improves upon the performance and security of existing oracles, and provides a premium product for users. Combining the founding teams extensive experience with their long-term vision, we look forward to supporting this ambitious organization."

FiveT Ventures

A spokesperson at FiveT Ventures (formerly Avaloq Ventures) said: "FiveT Fintech, an early-stage investor in web3 and financial services infrastructure working closely with Avaloqs ecosystem consisting of over 150 financial institutions, is proud to participate in Supras strategic financing round. We see a growing need for verified off-chain data and are convinced that Supras ability to operate in such a fast, reliable, and highly decentralized way will enable new game-changing applications. Getting to know Supras team, we were impressed with their profound knowledge and fast-paced execution skills. For FiveT Fintech, Supra marks an important additional piece to complement our strategic investments in crucial web3 infrastructure and we are excited for close collaboration within our ecosystem."

HashKey

Harper Li, Investment Manager at Hashkey Capital, said: Supra is positioned as an IntraLayer with native oracle, native VRF, and native automation. Native oracle is the earliest product, which has been tested on more than 20 testnets. Native VRF combined with DKG technology solves the problem of public output and latency in this field compared with other random number solutions. In the future, the development of native automation will be introduced into the on-chain automatic execution, while the combination of on-chain automatic execution and the abstract account has a lot of imagination space.

Sublime Ventures

Musthafa Ahmed, General Partner at Sublime Ventures, said: "What started out as a mission to create a next-gen, decentralized cross-chain oracle solution, has evolved into so much more. Perfectly primed to set the gold standard as Web3's first intralayer solution, Supra is on track to dominate the industry with their superior and unparalleled tech stack, whilst also acting as the backbone unifying all major ecosystems in the sector."

About Supra

Supra is building a low-latency interoperability infrastructure to provide Web3 capabilities that traditional blockchain designs lack. Supra, as a vertically integrated IntraLayer, enables a shared security paradigm across a variety of oracle services. This includes securing external data on-chain, cross-chain consensus via their bridgeless HyperNova, automation, VRF, and more.

After thousands of hours of R&D and simulations, Supras technical breakthroughs are solving the Oracle Dilemma and optimizing network performance across the board in terms of security, throughput, time to finality, composability, and programmability. Supra has taken an academic approach to development, which has been an integral part of the organizations commitment to advancing Web3 performance and security. This is characterized by a commitment to deep research, transparency, and going through a rigorous peer-review process in every design and product released.

Dr. Aniket Kate, inventor of KZG Commitments utilized in Ethereum L2 Data Availability solutions, and the Supra team are diligently composing new whitepapers, so there are still many novel solutions in the pipeline soon to be publicized. To learn more about Supra and participate in their gamified learn-to-earn program, visit Countdown to Blastoff. Lastly, sign up for the whitelist for an opportunity to be notified in advance of any possible future token offerings and for more alpha.

Contact Details

Supra

Eli Phoenix

[email protected]

Company Website

https://supraoracles.com/

View source version on newsdirect.com: https://newsdirect.com/news/supra-completes-over-24m-in-early-stage-funding-to-date-847591291

Supra

COMTEX_441137828/2655/2023-09-28T09:44:41

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Press Release

CGTN: Argentina awards cultural exchange medal to CMG president

Published

5 hours ago

December 3, 2023

Cloud PR Wire

Shen Haixiong, vice minister of the Publicity Department of the Communist Party of China Central Committee and president of China Media Group (CMG), was awarded the Outstanding Achievement Award for International Cultural Exchanges and Cooperation by Argentina on Friday.

The award was granted to Shen by Argentine Ambassador to China Sabino Vaca Narvaja on behalf of President Alberto Fernandez for Shen’s contribution to cultural and people-to-people exchanges and cooperation between China and the Latin American country.

President Fernandez attended the award ceremony via video link and spoke highly of bilateral ties.

He said that under the leadership of Chinese President Xi Jinping, the Chinese people extended a helping hand to Argentina when it encountered difficulties, and have always walked side by side with Argentina. On the issue of safeguarding sovereignty, the Argentine president pledged to meet China halfway, enhance world multipolarization and diversity of the international monetary system, and work with it to handle today’s challenges.

At the award ceremony, Shen pointed out that the friendship between Chinese and Argentine people is passed down from generation to generation and their cooperation grows stronger with time. Continuously promoting the stability and long-term development of bilateral relations has become the consensus of the two countries, he added.

CMG will work to deepen people-to-people and cultural exchanges between China and Argentina with greater enthusiasm, and contribute to the development of China-Argentina relations in the new era, Shen said.

The CMG president’s award is the current Argentine administration’s last medal conferred on a foreign figure.

The Argentine award recognizes senior foreign officials who have made outstanding contributions to enhancing political mutual trust and promoting cultural and people-to-people exchanges between Argentina and other countries.

https://news.cgtn.com/news/2023-12-03/Argentina-awards-cultural-exchange-medal-to-CMG-president-1peekeAPijS/index.html

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Press Release

Ensuring the Safety of Your Home During Holiday Travel

Published

9 hours ago

December 3, 2023

Cloud PR Wire

United States, 3rd Dec 2023, King NewsWire – The holiday season is a time of joy, family gatherings, and often, travel. Whether you’re visiting loved ones or embarking on a well-deserved vacation, safeguarding your home while you’re away is of utmost importance. While statistics show that there isn’t a significant increase in burglaries during the holiday season, the value of stolen items tends to be higher in December compared to other months. Protecting your home from potential threats, be it burglaries, accidents, or weather-related issues, is essential for peace of mind during your holiday travels. In this article, we’ll delve into valuable tips to keep your house safe while you’re away for the holidays.

Secure All Entry Points The initial step in fortifying your home’s security is to ensure that all doors and windows are securely locked. While this may seem like a basic precaution, it remains one of the most effective ways to deter potential intruders. Be thorough in your checks, including sliding doors, basement windows, and the garage. Consider upgrading security with deadbolts and reinforced locks for sliding doors.
Invest in a Comprehensive Security System A home security system can serve as a formidable deterrent to burglars and provide you with real-time monitoring and alerts. Modern systems often allow remote access to cameras and sensors via your smartphone. Alternatively, you can opt for professional monitoring services that dispatch assistance in case of emergencies.
Enlist the Help of a Trusted Neighbor or Friend Inform a reliable neighbor or friend about your travel plans. Request their assistance in keeping an eye on your property, collecting mail and packages, and promptly reporting any suspicious activities. This exchange can also serve as an opportunity to share emergency contact information, ensuring swift response in case of any issues.
Safeguard Valuables Secure valuable items like jewelry, important documents, and electronics in a well-protected safe. If you don’t have one, consider renting a secure safe or using a safety deposit box at a local bank. Creating a detailed inventory of your valuables and keeping a copy in a separate, secure location is a prudent measure.
Adjust Your Home’s Thermostat During winter travel, set your thermostat to a lower temperature to conserve energy but avoid turning it off entirely. An excessively low temperature can lead to frozen pipes and potential damage.
Leverage Smart Home Technology Smart home technology can significantly bolster your home’s security. Install smart locks, doorbell cameras, and smart lighting systems that can simulate the typical patterns of an occupied home. These devices enable remote monitoring and send alerts if any suspicious activity is detected.
Exercise Caution with Social Media Refrain from broadcasting your absence on social media platforms until after you’ve returned. Sharing your travel plans publicly can inadvertently signal to potential burglars that your home is unoccupied.

Protecting your home during holiday travel need not be a source of stress. By implementing these straightforward precautions and investing in security measures, you can enjoy your travels with peace of mind, knowing that your home is safe and secure.

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Press Release

Unlocking the Benefits of Multivitamins for Your Health

Published

9 hours ago

December 3, 2023

Cloud PR Wire

United States, 3rd Dec 2023, King NewsWire – Many of us turn to multivitamins with the hope of bolstering our health and well-being. However, the question lingers: do these daily doses of essential vitamins and minerals truly deliver the results we anticipate? While scientific evidence remains somewhat limited in this regard, most research indicates that multivitamins may not be the magic bullet for safeguarding our brains and hearts. Nevertheless, the equation isn’t entirely devoid of benefits, and the risks associated with a standard daily multivitamin are practically non-existent.

So, the real question is, should we consider multivitamins as an integral component of a healthy lifestyle? To answer that, let’s first explore why one might contemplate incorporating them into their daily routine. If you’re concerned that your diet may be falling short on essential nutrients, that’s where your focus should initially lie.

The Current State of Multivitamins

Despite the extensive research conducted on vitamins and their impact on health, the number of robust scientific studies on the effectiveness of a “true” multivitamin—those providing essential nutrients at levels consistent with the body’s requirements—remains relatively scarce.

Protecting Against Chronic Inflammation

Scientific research has illuminated the dangers of chronic, low-grade inflammation, which can silently contribute to conditions like cardiovascular disease, cancer, type 2 diabetes, and other health issues. Harvard Medical School experts offer valuable tips for combating inflammation and maintaining your well-being.

Physicians’ Health Study II stands out as the most comprehensive study conducted thus far. It was the pioneering large-scale randomized clinical trial to assess the commonly consumed multivitamins, akin to those regularly taken by the general populace, offering the daily recommended doses of 31 essential vitamins and minerals for overall health.

Over a span of more than a decade, a significant cohort of male physicians participated in this study, taking either a multivitamin or a placebo. The results have been a mixed bag, showing moderate reductions in cancer and cataracts but no significant protective effects against cardiovascular disease or cognitive decline. Safety remains a key concern.

Advocates for multivitamins emphasize the absence of compelling evidence suggesting harm from long-term multivitamin use. While the potential for harm is relatively low, so too is the likelihood of clear-cut health benefits, and we currently lack conclusive proof of such advantages.

Optimists argue that despite the absence of concrete health benefits, multivitamin supplementation entails minimal risk and cost, helping bridge potential dietary gaps individuals might have.

Taking the Right Steps

As of now, there are practical steps you can take to make an informed decision regarding multivitamin use:

Consult your healthcare provider to determine if a multivitamin is necessary and whether you may have any vitamin deficiencies.
Evaluate your diet to ensure you’re making the healthiest choices possible and identify any nutritional gaps.
Seek expert nutritional guidance from a registered dietitian if you require personalized advice. Additionally, Medicare beneficiaries are entitled to an annual “wellness” visit with their primary care providers.
Refrain from taking high doses of specific vitamins, particularly vitamins A and E, which could potentially be harmful.

Interpreting the Evidence

Physicians’ Health Study II findings shed light on various aspects of health in relation to long-term multivitamin use in healthy men:

Cancer: Men who consumed multivitamins were 8% less likely to be diagnosed with cancer, with the most pronounced protective effect observed in those with a cancer history.
Vision: Multivitamin use correlated with a reduced risk of developing cataracts.
Cardiovascular disease: Unfortunately, multivitamins did not offer any protection against heart attacks, strokes, or cardiovascular-related mortality.
Brain health: Regrettably, multivitamins did not exhibit any protective effects against memory loss or cognitive decline.

It’s essential to note that the findings related to memory loss and vision may carry a higher degree of uncertainty due to the study’s design, whereas the results concerning cancer and cardiovascular health appear more robust.

This blog article is for general information purposes only and should not be considered medical advice. If you have any medical issues or questions, consult your physician

Your premier Sports Medicine Lubbock, Dr. Kevin Crawford, specializes in minimally invasive procedures and has experience with arthroscopic and reconstructive surgery of the shoulder, ACL, shoulder, knee, and elbow, emphasizing cutting-edge orthopedic methods. Follow us on Facebook and Twitter.

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The post Unlocking the Benefits of Multivitamins for Your Health appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.