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

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–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

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Press Release

Ripmex Debuts RPX Tokens PreSale: Commission-Free Trading for a New Financial Era

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Ripmex Announces PreSale of Commission-Free RPX Tokens – The Native Token of Its Currency Exchange Market

Washington, United States, 20th Jul 2024, King NewsWireRipmex is excited to announce the presale of its innovative real-time gross settlement token, RPX. Designed to transform global currency exchange, RPX facilitates secure, low-cost transactions for banks, payment providers, digital asset exchanges, and businesses. By eliminating commission fees, RPX enhances potential profitability and provides seamless, instant transfers across various networks. The presale offers a unique opportunity for early investors to engage with Ripmex’s cutting-edge technology and be part of a revolutionary financial ecosystem.

What is Ripmex?

Ripmex aims to enable banks, payment providers, digital asset exchanges, and companies to send money and value globally, securely, and with low transaction fees. Utilizing advanced blockchain technology, Ripmex offers a commission-free currency exchange network that allows users to exchange, buy, and sell funds without incurring fees.

Key Features of RPX

Commission-Free Transactions

RPX operates entirely commission-free, allowing investors worldwide to save money and increase their potential profit margins. Whether trading on centralized exchanges (CEX) or decentralized exchanges (DEX), RPX ensures users pay zero commission fees.

Real-Time Gross Settlement

In the crypto industry, RPX will be known as a real-time gross settlement token. This designation underscores its capability to facilitate instantaneous transactions across different networks, providing unmatched efficiency and security in currency exchange.

Staking and Blockchain Development

RPX represents a comprehensive ecosystem. With plans to establish its own blockchain, RPX offers staking opportunities, allowing users to earn rewards while supporting the network’s security and operations.

Advanced AI Technology

Ripmex is also at the forefront of integrating artificial intelligence (AI) to enhance user experience and investment strategies. The upcoming RPX application, powered by AI, will:

Determine Optimal Trading Points: The AI technology will analyze market conditions to provide users with opportunities for buy and sell points for cryptocurrencies.

Assess Presale Projects: The app will evaluate new token projects, distinguishing reliable investments from potential risks, thereby helping users make informed decisions.

Provide Real-Time Insights: With comprehensive data analytics, users can evaluate presale opportunities based on key metrics such as project stage, funding targets, and token economics.

PreSale Details

The RPX presale is now live, offering an opportunity for early investors to acquire tokens at a favorable rate. By participating in the presale, investors can leverage the innovative features of RPX, gain early access to the platform’s benefits, and contribute to the development of a revolutionary financial ecosystem.

Ripmex is set to redefine currency exchange and trading with its innovative RPX token, offering zero commission fees and advanced AI-driven tools.

About Ripmex

RPX technology allows users to trade on CEX and DEX exchanges without paying commission. RPX has an infrastructure where companies and individuals can save money in their commercial lives.

In quick buy and sell transactions, users can convert RPX tokens into cash without paying commission or obtain RPX without paying commission. The RPX chain token, built on agreements with CEX and DEX exchanges, can be used worldwide. Aiming to establish its own blockchain, RPX can be staked.

In the Blockchain technology era, RPX provides convenience to investors with launch panels. RPX has signed a new era in Blockchain with its expert team and various encrypted parameters in the field of Blockchain technology. 

For more information and to participate in the presale, users can visit:

Presale: https://sale.ripmex.com 

Website: https://ripmex.com 

Twitter(X): https://x.com/RipmexOfficial 

Telegram: https://t.me/Ripmex

Contact email: [email protected]

Media Contact

Organization: Ripmex

Contact Person: Tyrone

Website: https://ripmex.com

Email: Send Email

City: Washington

Country: United States

Release Id: 20072414516

The post Ripmex Debuts RPX Tokens PreSale: Commission-Free Trading for a New Financial Era 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.

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Press Release

Unlock Ultimate Health with the Nation’s Top Alkaline Diet Series, Flip McGyver’s Alkaline Life Diet

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United States, 20th Jul 2024, King NewsWireIn the fast-paced world we live in, maintaining optimal health often feels like an uphill battle. But what if the secret to vitality, energy, and longevity was as simple as choosing the right foods? Enter Flip McGyver, the seven-time best-selling, award-winning author behind the transformative “Alkaline Life Diet” series, which is now the #1 selling alkaline diet book in the country! 

Why the Alkaline Life Diet Series is a Game-Changer 

Flip McGyver’s groundbreaking journey into the world of alkaline diets began with his first book, “The Alkaline Life,” published in 2018. This book quickly garnered worldwide acclaim, inspiring a series of follow-up volumes that have captivated readers across the globe. But what makes this series stand out in the crowded field of diet and health books? 

Proven Success: The Alkaline Life Diet series isn’t just popular—it’s the best-selling alkaline diet book in the nation. Thousands of readers have experienced life-changing health benefits, from increased energy levels to significant weight loss and improved overall wellness. 

Comprehensive Approach: Whether you’re reading “The Alkaline Life Diet: Health is Wealth Cookbook Edition” or “The Alkaline Life Silenced By The System: The Dr. Sebi Story,” each book provides a deep dive into the science behind alkaline foods, practical recipes, and actionable advice that make transitioning to an alkaline lifestyle easy and enjoyable. 

Holistic Health: Flip McGyver’s philosophy goes beyond mere dieting. His motto, “It’s not just a diet; it’s a new way of life,” reflects a commitment to holistic health that nurtures the body, mind, and spirit. His books empower readers to make informed choices that lead to lasting health and vitality. 

The Alkaline Life Diet Series – A Reader’s Perspective 

What do readers have to say about the Alkaline Life Diet series? Testimonials pour in from across the country, with readers sharing incredible stories of transformation: 

“I never knew I could feel this good just by changing my diet. Flip’s books are a lifesaver!” – Maria J. 

“The recipes are not only delicious but have also helped me lose 20 pounds and keep it off!” – James T. 

“Flip McGyver’s insights into the healthcare system are eye-opening. This series is a must-read for anyone serious about their health.” – Linda K. 

Take Control of Your Health Today 

Are you ready to join the health revolution? With the Alkaline Life Diet series, you’re not just buying a book; you’re investing in a brighter, healthier future. Flip McGyver’s proven methods and inspiring guidance will help you unlock the secrets to ultimate health and well-being. 

Don’t wait—take the first step towards a healthier, more vibrant life today. Visit TheAlkalineLifeDiet.com or find Flip McGyver’s books on Amazon and other major retailers. Discover why the Alkaline Life Diet series is the #1 choice for health-conscious individuals nationwide. 

Special Offer 

For a limited time, get exclusive access to Flip McGyver’s latest book, “The Alkaline Life Trilogy,” which combines three of his best-selling books into one comprehensive guide. Order now and take advantage of this special offer to kickstart your journey to optimal health. 

Media Contact

Organization: The Alkaline Life Diet

Contact Person: Flip Mcgyver

Website: http://thealkalinelifediet.com/

Email: Send Email

Country: United States

Release Id: 20072414524

The post Unlock Ultimate Health with the Nation’s Top Alkaline Diet Series, Flip McGyver’s Alkaline Life Diet 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.

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Tektronic in Central Scotland Revives Classic Porsche Engines for Enthusiasts across the UK

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Tektronic, based in Central Scotland, is making waves in the classic car community by specialising in restoring and rebuilding classic Porsche engines. Serving Porsche enthusiasts from all over the UK, Tektronic has established itself as a premier destination for those looking to preserve the performance and heritage of their beloved vehicles. The company focuses on iconic models such as the Porsche 911, the pioneering 356, and the performance-centric 944, offering expert services that ensure these classics continue to deliver the driving experience they were designed for. Tektronic’s commitment to quality and meticulous attention to detail set them apart in a niche market, providing a valuable alternative to traditional manufacturer services.

The need for specialised restoration services for classic Porsches is significant. Owners of these iconic vehicles often face high costs and limited service options when seeking engine restorations through manufacturers. Independent garages like Tektronic fill a crucial gap in the market by offering cost-effective and reliable alternatives. Tektronic specialises in rebuilding engines with a detailed and efficient process that involves sourcing high-quality, genuine parts and applying advanced restoration techniques. Each project is tailored to the vehicle’s specific needs, ensuring that every component is either restored or replaced to maintain the engine’s performance and reliability. This personalised approach enhances the vehicle’s longevity and preserves its authenticity and value.

One of the major challenges in restoring classic engines is sourcing authentic parts, a task that Tektronic excels at. The company goes to great lengths to find high-quality, genuine parts that are essential for maintaining the integrity of the original engine. This dedication to authenticity ensures that the restored engines are as close to their original condition as possible, preserving the legacy of these classic vehicles. The rebuilding process requires a deep understanding of each component involved, and Tektronic’s team possesses the specialised knowledge necessary to perform these intricate restorations. Their expertise covers a wide range of models, and they employ advanced techniques to ensure that the engines not only perform at their peak but also retain their historical significance.

Tektronic also prioritises client experience, inviting potential customers to visit their workshop in Central Scotland to witness firsthand the professional care and sophisticated environment where classic Porsche engines are restored. Visits are by appointment only, allowing clients to engage in detailed discussions about their specific needs and to tour the workshop. This personalised service underscores Tektronic’s commitment to building strong relationships with their clients and ensuring that their expectations are met or exceeded. Continuous innovation and expansion of services are central to Tektronic’s mission. The company is not only dedicated to maintaining high standards of quality and reliability but also looks forward to introducing future projects and services that will further enhance their restoration capabilities. This forward-thinking approach ensures that Tektronic remains at the forefront of the classic car restoration market, setting industry standards and making classic Porsche engine restoration accessible to a wider range of enthusiasts.

In conclusion, Tektronic is setting a new standard in the classic car restoration industry by offering Porsche owners a trusted and cost-effective alternative for engine restorations. The company’s dedication to preserving the performance and heritage of iconic Porsche models, combined with their meticulous attention to detail and commitment to quality, ensures that these vehicles continue to provide the driving experience they were designed for. Tektronic’s role in the classic car community is significant, as they provide services that are essential for the preservation of these historical vehicles. For more information, or to schedule a visit to their workshop, potential clients can contact Tektronic online or call 01786 625 624. Tektronic remains committed to innovation and excellence, continually striving to meet the evolving needs of classic Porsche enthusiasts across the UK.

Contact details

1. Company name: Tektronic Prestige Car Specialist

2. Website link: https://www.tektronic.co.uk/independent-porsche-specialist/classic-porsche-engine-rebuilds/

3. Contact email: [email protected]

4. Country: United Kingdom

5. City: Unit 1a, Alva Industrial Estate, Alva FK12 5DQ

6. Contact person name: Ewan Montgomer

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