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Powder Named to the 2024 CB Insights’ List of the 100 Most Innovative Fintech Startups

Powder

Powder, a fintech company that creates generative AI agents to automate time-consuming tasks, enabling wealth management firms to focus on serving clients and growing their businesses, today announced that it has been named by CB Insights to the seventh annual Fintech 100, showcasing the 100 most promising private fintech companies in the world. “We know that artificial intelligence is the future of wealth management, so it is an honor to see our own innovations in this important area recognized independently through inclusion in the Fintech 100,” said Kanishk Parashar, Chief Executive Officer of Powder. “This is a credit to our entire team and our clients.” The Fintech 100 primarily includes early- and mid-stage startups driving innovation across fintech. CB Insights’ research team picked winning companies based on CB Insights datasets, including deal activity, industry partnerships, team strength, investor strength, employee headcount, and proprietary Commercial Maturity and Mosaic scores. CB Insights also dug into Analyst Briefings submitted directly by startups. “The 2024 Fintech 100 winners are high-momentum companies shaping the future of financial services,” said Laura Kennedy, Principal Analyst at CB Insights. “Unsurprisingly, this year’s cohort is deploying AI across a wide variety of solutions. But they’re also diverse in their reach in emerging and developing economies and focus on everything from fraud prevention to financial inclusion.” Powder saves wealth management firms time and money by parsing complex financial and estate documents in seconds and providing advisors with enriched, ready to use extracts. Powder’s AI agents are as accurate as a human – or better – using its hallucination detection that can pinpoint important information in minutes, not hours, freeing advisors and analysts to focus on client service and work that provides a direct value to clients and prospects. The technology also offers a generative-AI chat feature for each of the firms’ clients, allowing analysts to rapidly obtain answers to important data questions, akin to chatting with an AI assistant who can instantly answer questions about a specific client by consulting financial documents. Powder’s AI agents can be deployed across multiple areas of the wealth management industry, from proposal generation to portfolio analysis. Most importantly, the technology is secure with the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Unlike ChatGPT, individual firms own and control the data, which ensures that clients' personal information is 100% secure. In July 2024, Powder raised $5 million in seed funding, backed by 40 investors, including leading Silicon Valley venture capital firms and tech executives. The round featured participation from YCombinator, General Catalyst, Funder’s Club, Elefund, Litquidity Ventures, and Script Capital. Notable individual investors included Jon Xu, co-founder of FutureAdvisor, and Bryant Chou, co-founder of Webflow. Quick facts on the 2024 Fintech 100: The 100 winners include 13 wealth management companies, 11 in embedded finance, and 10 in insurance. The 2024 cohort is deploying AI across a wide variety of use cases and features a notable number of solutions driving financial inclusion and accessibility. $7.2B in equity funding raised over time, including more than $2B in 2024 so far (as of 10/23/2024). Nearly 50% are early-stage companies (primarily seed/angel or Series A). 52 companies from outside the United States, across 23 countries on 6 continents. This includes 17 companies from 11 emerging and developing economies. About Powder Powder is building generative AI agents that automate laborious tasks to save time and to allow firms to focus on what matters. Today, its flagship product is a brokerage and estate document reader that is highly accurate and fast, with the ability to enrich the output with missing market data. For more information visit, powderfi.com. About CB Insights CB Insights is an AI super analyst for market intelligence. It delivers instant insights that help you bet on the right markets, track competitors, and source the right companies. Our AI super analyst is powerful because it is built on the validated database of companies and markets that CB Insights is famous for. To learn more, please visit www.cbinsights.com. Contact Details For Powder Lisa Aldape +1 917-676-1716 laldape@vocatusllc.com For CB Insights Media@cbinsights.com Company Website https://www.powderfi.com/

October 24, 2024 09:01 AM Eastern Daylight Time

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News Release

BestGrowthStocks.Com Issues Comprehensive Analysis of Rumble’s Catalysts, Short Interest, and Market Sentiment

Rumble Inc

NEW YORK, NY / NewsDirect / October 24th, 2024 / Best Growth Stocks, a leading independent equity research and corporate access firm focused on finding and reporting on the best growth stocks utilizing exclusive ai-assisted research recently issued an in-depth analysis of Rumble Inc. a video-sharing platform and cloud services provider. Rumble Inc. (NASDAQ: RUM) has garnered significant investor attention following recent milestones such as Sticker Mule, a major online retailer, moved its AI processing to Rumble’s cloud services, boosting confidence in Rumble’s cloud platform capabilities. Earlier, Rumble shattered records during the Republican Debate in September 2024, which drove a spike in user engagement and platform activity. In the sports arena, Rumble partnered with the Miami Dolphins to provide cloud services for Hard Rock Stadium, showing its focus on scaling its infrastructure services and entering high-visibility partnerships. Best Growth Stock's full report offers an in-depth analysis of Rumble’s operations, short interest, current share structure according to dilution tracker, cash position and runway, potential catalysts, growth drivers, financials and more. Access this full analysis free here: https://bestgrowthstocks.com/access-rum-analysis/ ABOUT Rumble Rumble is a high-growth video platform and cloud services provider that is creating an independent infrastructure. Rumble’s mission is to restore the internet to its roots by making it free and open once again. For more information, visit: corp.rumble.com. About Best Growth Stocks Best Growth Stocks is a leading independent equity research and corporate access firm focused on finding and reporting the best growth stocks utilizing our exclusive ai-assisted research. BGS is also a financial news provider, focused on giving investors direct access to CEOs of promising, publicly-traded companies, and market experts. Our CEO interviews aim to answer the questions that rest on the minds of current and future shareholders. This is not to be construed as financial advice. Please consult with a licensed financial advisor before making any investment decisions. Media Contact Best Growth Stocks Senior Editor: Steve Macalbry Editor@BestGrowthStocks.Com SOURCE: BestGrowthStocks.Com Contact Details Best Growth Stocks Steve Macalbry editor@bestgrowthstocks.com

October 24, 2024 07:30 AM Eastern Daylight Time

News Release

BestGrowthStocks.Com Issues Extensive Comprehensive Analysis of Phunware Inc

PHUNWARE

NEW YORK, NY / NewsDirect / October 24th, 2024 / Best Growth Stocks, a leading independent equity research and corporate access firm focused on finding and reporting on the best growth stocks utilizing exclusive ai-assisted research recently issued an in-depth analysis of Phunware Inc. a leader in enterprise cloud solutions for mobile applications. Phunware Inc. (NASDAQ: PHUN) has garnered significant investor attention following their entry into generative AI. Best Growth Stock's full report offers an in-depth analysis of Phunware’s recent announcement, short interest, current share structure according to dilution tracker, cash position and runway, potential catalysts, growth drivers, financials and more. Access this full analysis free here: https://bestgrowthstocks.com/access-phunware-analysis-phun/ About Phunware, Inc. Phunware, Inc. (NASDAQ: PHUN) is an enterprise software company specializing in mobile app solutions. We provide businesses with the tools to create, implement, and manage custom mobile applications and analytics, digital advertising, and location-based services. Phunware is transforming mobile engagement by delivering scalable and personalized mobile app experiences.  Phunware’s mission is to achieve unparalleled connectivity and monetization through widespread adoption of Phunware mobile technologies by leveraging brands, consumers, partners, and digital asset holders and market participants. Phunware is poised to expand its software products and services audience and industry verticals through its new platform, utilize and monetize its patents and other intellectual property rights and interests, and update and reintroduce its digital asset ecosystem for existing holders and new market participants.  For more information, please visit www.ai.phunware.com About Best Growth Stocks Best Growth Stocks is a leading independent equity research and corporate access firm focused on finding and reporting the best growth stocks utilizing our exclusive ai-assisted research. BGS is also a financial news provider, focused on giving investors direct access to CEOs of promising, publicly-traded companies, and market experts. Our CEO interviews aim to answer the questions that rest on the minds of current and future shareholders. This is not to be construed as financial advice. Please consult with a licensed financial advisor before making any investment decisions. Media Contact Best Growth Stocks Senior Editor: Steve Macalbry Editor@BestGrowthStocks.Com SOURCE: BestGrowthStocks.Com Contact Details Best Growth Stocks Steve Macalbry Editor@bestgrowthstocks.com Company Website https://bestgrowthstocks.com/

October 24, 2024 07:00 AM Eastern Daylight Time

The Reservoir Unveils the First On-Farm Robotics Incubators

Hawk Tower / The Reservoir

Today at FIRA USA 2024, the Reservoir announced the first-ever on-farm robotics incubators, Reservoir Farms, set to open in the Central and Salinas Valleys in early 2025. This pioneering initiative significantly shifts how agricultural technology innovates through real-world testing environments, world-class resources, and critical industry partnerships. California agriculture faces critical challenges, including labor availability and cost, import competition, increased regulation, water scarcity, and climate-related challenges, including extreme weather. These challenges have spurred significant advancements in agricultural precision, automation, mechanization, and robotics in recent years. Despite advancements, early-stage agtech projects lack critical ecosystem support, like connecting directly with growers, testing and validating their solutions, and accessing dedicated shop space and farmland. These gaps hinder capital efficiency and the development of critical solutions that meet the agricultural sector's needs. Initial projects at the incubators will focus on early-stage agricultural innovations in automation and robotics, including rovers and drones, that accelerate the development of breakthrough solutions to the opportunities and imperatives faced by California farms producing high-value specialty crops, such as labor shortages, profitability, and adopting climate-smart technologies. Western Growers Association, a key advocate for advancing agricultural innovation, will provide financial and operational support as an anchor partner. Anchor educational partners like UC ANR, Hartnell College, and Merced College will play a crucial role in innovation and workforce development, preparing the next generation of agricultural researchers, professionals, and innovators to drive the future of farming in California. HawkTower, a venture capital firm investing in early-stage startups developing breakthrough innovations for California’s environmental and industrial imperatives, is also an anchor partner. “The launch of Reservoir Farms is a critical step forward in ensuring the future resilience of California’s agriculture and across the Central Coast and Central Valley,” said Danny Bernstein, CEO of the Reservoir and Managing Partner of HawkTower. “By placing incubators directly on the farm, we enable innovators to test, iterate, and scale solutions in real-world conditions as a more immediate path to advance farming communities.” A New Model to Incubate AgTech Innovation The idea for Reservoir Farms emerged from extensive industry research and consultations with over 50 organizations in the specialty crop sector. Key insights uncovered critical gaps in startups' access to real-world testing environments, shop space, and direct relationships with growers—factors severely hindered capital efficiency and posed a formidable barrier to innovation. “Our goal is to eliminate the friction points that have historically slowed down the development of new agtech solutions,” said Walt Duflock, Senior Vice President of Innovation at Western Growers Association. “Reservoir Farms offers a new model, where startups can work side-by-side with growers to test their technologies, iterate in a low-stakes environment, and build scalable solutions to improve agriculture's operations.” Supports Thriving Agtech Ecosystem and Job Creation The Reservoir Farms initiative also reflects a broad-based collaboration between key educational institutions, industry players, and local communities to ensure the next generation of agricultural professionals is equipped with the skills needed to support the region’s growing agtech sector. Supporting partners include Central Coast Small Business Development Center (SBDC), Communities Organized for Relational Power in Action (COPA), Digital NEST, Farmhand Ventures, Merced County Farm Bureau, Milano Technical Group, Monterey Bay DART (Drone Automation & Robotics Technology), Monterey Bay Economic Partnership, Monterey County Farm Bureau, Tesserakt Ventures, and The Vine. “As robotics and automation become more integral to California agriculture, it’s essential to have facilities like Reservoir Farms embedded within the farming community,” said Gabriel Youtsey, Chief Innovation Officer at UC ANR. “By bridging the gap between lab-based research and real-world application and accelerating tech transfer, Reservoir Farms can help build the workforce and technology needed to address the critical challenges on the farm, from labor shortages to climate change.” A Focus on Specialized Services and Real-World Testing in California's Agricultural Heartland Reservoir Farms will open its first two locations in Salinas Valley and Merced in the first quarter of 2025. Participants can lease testing fields and shop space without the burden of multi-year leases, giving them the flexibility needed to scale. The incubators will offer fully equipped R&D workshops, secure storage for expensive equipment, and customized, pre-planted specialty crop fields for testing. These facilities will be complemented by Reservoir Farms’ co-working spaces, meeting rooms, and a robust demo day schedule designed to connect startups with growers, investors, and other key stakeholders. In addition, the Western Growers Association’s validation process will provide startups with a quantitative “scorecard” that offers crucial metrics on scalability, efficacy, and financial viability. This validation, combined with UC ANR’s field testing, will help startups refine their products and receive a critical stamp of approval that builds trust with growers and ensures a smoother path to commercialization. About the Reservoir: The Reservoir is a 501(c)(3) nonprofit building tech incubators for California’s future. Founded in 2024, the Reservoir creates spaces where startups, researchers, organizations, and corporations can develop and test innovations beyond Silicon Valley, focusing on rural areas like the Central and Salinas Valleys. The Reservoir drives economic growth, workforce development, and environmental resilience across California’s agricultural heartlands. Learn more at www.thersvr.org. Contact Details AgTech PR for The Reservoir Jennifer Goldston jennifer@agtechpr.com Company Website https://www.thersvr.org/

October 23, 2024 09:00 AM Pacific Daylight Time

PathAI Unveils New Features on AISight Image Management System: Introducing Guided Algorithm Review and Z-Stack Image Support

PathAI

PathAI, a global leader in AI-powered digital pathology, today announced the launch of two new features on its AISight® 1 Image Management System (IMS): Guided Algorithm Review and Z-Stack Image Support. These enhancements reflect PathAI’s ongoing commitment to empowering pathologists with innovative tools that enhance pathology interpretation, optimize laboratory operations, and lay the foundation for broader adoption of AI tools in the field of pathology. The Guided Algorithm Review feature is designed to help pathologists streamline and enhance case evaluations by highlighting potential Fields of Interest (FOIs) identified by algorithms. TumorDetect 2, PathAI’s AI product, will be the first to incorporate this functionality, highlighting key areas of interest. By automatically pinpointing these critical areas, the feature allows pathologists to focus their initial review on the regions that require the most attention. Key Features of the Guided Algorithm Review: Gallery of FOIs: A visual gallery of algorithm-detected fields of interest provides an intuitive way for pathologists to navigate to key tissue areas requiring further analysis. Click-Through Review: Enables systematic, step-by-step navigation through regions highlighted by the AI’s predictions, such as areas with high tumor concentration or biomarker quantification, potentially streamlining the review process and enhancing thoroughness. Enhanced Interpretability: Overlays and side-by-side comparisons improve the clarity of AI predictions, allowing pathologists to better interpret and verify the results. Third-Party AI Integration: Allows for seamless integration with third-party AI algorithms, enabling pathologists to work with various AI solutions in a unified platform, enhancing flexibility and adaptability across different AI tools and workflows. In addition to the Guided Algorithm Review, PathAI’s Z-Stack Image Support introduces a multi-layer imaging capability that enables pathologists to examine all layers of a multi-layered Whole Slide Image (WSI), producing a 3D-like representation of slides. This feature is particularly beneficial in cytology, where three-dimensional cell clusters often require a more nuanced, layered analysis. Key Benefits of the Z-Stack Image Support: Multi-Layer Viewing: Pathologists can view all layers of a multi-layered Whole Slide Image (WSI), providing an experience similar to a microscope fine focus, particularly useful for cytology cases. Efficient Navigation: Features such as Focus Control and keyboard shortcuts allow for smooth transitions between image layers. Customizable Workflow: Pathologists can personalize their review process with adjustable zoom, pan, and annotation features, and track their progress through visual indicators. PathAI has also upgraded its ArtifactDetect 3 algorithm, broadening its support for additional file types, such as.mrxs format files and stains, including Masson’s Trichrome and other special stains. These improvements allow laboratories to apply quality control measures across a wider range of specimens and staining protocols, further optimizing laboratory efficiency. Additional AISight Enhancements: Refreshed User Interface: Includes categorized tables for clearer quantitative results, such as tissue areas and cell counts, facilitating easier interpretation. Custom Slide Panning: Enhanced control features like Snap to Zoom and adjustable animation durations for more precise slide navigation. Automatic Specimen Orientation: Automatically rotates skin specimens based on metadata, ensuring consistency and accuracy in evaluations. “We are thrilled to introduce these new capabilities to the AISight IMS platform,” said Eric Walk, M.D., FCAP, chief medical officer at PathAI. “The Guided Algorithm Review and Z-Stack Image Support are significant advancements that help pathologists conduct high-quality assessments with efficiency and precision. These tools help enhance and streamline case management supporting the needs of modern pathology labs.” Footnotes AISight is for research use only in the US and is not for use in diagnostic procedures. TumorDetect is a workflow optimization algorithm available on AISight for research use only. ArtifactDetect is a quality control algorithm available on AISight for research use only. About PathAI PathAI is a global leader in AI-powered digital pathology solutions, dedicated to advancing diagnostic accuracy and operational efficiency in pathology laboratories worldwide. Through the integration of cutting-edge technology and strategic partnerships, PathAI empowers pathologists to be leaders in precision pathology and shape the future of medical diagnostics. Contact Details SVM Public Relations and Marketing Communications Maggie Naples +1 401-490-9700 pathai@svmpr.com Company Website https://www.pathai.com/

October 23, 2024 10:00 AM Eastern Daylight Time

Comcast Provides $45,000 to Create Journalism Scholarship at Cabrillo College in Santa Cruz

Comcast California

Comcast announced today it will contribute $45,000 to Cabrillo College in Santa Cruz to establish the Comcast Journalism Scholarship. The Comcast Journalism Scholarship is being established to support Cabrillo College Journalism students, who participate in local internships, with the goal of enhancing their educational opportunities, future job prospects and overall career development. Students who intern for a news organization or for an organization or business where their role involves marketing, public relations or creating content are eligible. Scholarship awards range from $600 to $2,400. “These scholarships are an invaluable part of our students' development, allowing them to apply what they learn in the classroom to practical situations, develop their professional skills, and gain critical insights into the world of journalism,” said Matt Wetstein, Cabrillo College President. “Comcast will not only open doors for them but also contribute to shaping the future of responsible and effective journalism in Santa Cruz County and beyond.” To qualify for this scholarship, students must meet the following criteria: Must be a Cabrillo Journalism student, enrolled in any of Cabrillo's Journalism courses Students should be enrolled or have completed the advanced writing class, Journalism 23, or be on the staff of the Voice student newspaper Must participate in a local media, non-profit or marketing internship Must complete application and include portfolio of published works The application deadline for the Winter semester is Monday, December 9, 2024 at 5:00pm. Recipients will be notified of their awards by December 16, 2024. The application form can be found here. About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information. Contact Details Comcast Joan Hammel +1 925-519-4874 joan_hammel@comcast.com Company Website https://california.comcast.com/

October 22, 2024 09:00 AM Pacific Daylight Time

Adro Teams Up with Shorelight to Improve Access to Banking Services for International Students in the US

Adro

Adro, a technology company offering no-fee checking and savings accounts, along with the Adro World Mastercard, is excited to announce its newest collaboration with Shorelight, the world’s largest platform supporting international student success in the United States. The two companies are teaming up to provide international students and workers moving to the US with seamless access to essential financial services prior to their arrival. Shorelight, renowned for its comprehensive support services—including academic and admissions support, visa assistance, and career development—boasts a market presence in over 200 countries, a network of 9,000+ distribution points across agencies, schools, and counselors, and has the largest portfolio of US university collaborations in the world. This collaboration marks a significant milestone for Adro, which recently announced it had already welcomed customers from 110+ countries after launching earlier this year. "We are thrilled to collaborate with Shorelight. They are a world leader in providing admissions support and services to ensure the success of international students arriving in the US. Adro's ability to support international students in opening their first US account before arrival, through a fast and efficient sign-up experience, naturally complements Shorelight's existing services," said Amarildo Gjondrekaj, Founder and CEO of Adro. Gautam Bazaz, Head of Corporate Development at Shorelight, added, "Shorelight believes that every student deserves a chance at success in their academic journey. And, they are more likely to achieve their aspirations when they have confidence about what their US experience will be, before they move to the US. By working with Adro, our students can access reliable, affordable, and secure banking services, including access to funds in the US at a critical point in their lives." Adro's checking, savings and credit card for internationals offer a range of benefits, including: No SSN, ITIN, or credit check required for sign-up $0 fees on all incoming wire transfers $0 foreign exchange fees No monthly fees and no minimum balance requirements This collaboration underscores the commitment of both Adro and Shorelight to empower international students with the tools and support they need to succeed academically and financially in the United States. -- About Adro Adro is a technology company helping internationals unblock access to financial services so they can live like a local. Based in New York, Adro has raised a $1.5M pre-seed and is backed by investors who deeply believe in equal access and opportunity for newcomers arriving in the US. Adro was selected to join the 2024 Hudson Valley Venture Hub Accelerator at SUNY New Paltz. Adro is a graduate of Westchester County’s Element 46 Tech Accelerator and a member of CELA Innovation. To learn more, visit www.joinadro.com. About Shorelight Shorelight is a leading international student platform focused on international student support in the United States. The company connects international students, universities, and service providers to drive student enrollment and performance at scale. They do this so that a more globally diverse population can educate themselves and prosper for generations to come. Together, we help Educate the World. For more information, visit www.shorelight.com. Contact Details Adro Katherine Wong Too Yen marketing@joinadro.com

October 22, 2024 09:06 AM Eastern Daylight Time

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Lisk Partners with Kotani Pay to Streamline Off-Ramps For Builders in Africa

Lisk

Lisk, a leading Layer 2 blockchain dedicated to bringing Ethereum to emerging markets, is excited to announce its integration with Kotani Pay, a premier payment platform dedicated to connecting African users and businesses with stablecoins for local currencies. This partnership will enable projects and individuals holding assets on the Lisk protocol, primarily stablecoins like USDT and USDC, to exchange these assets directly for fiat, which can then be deposited into mobile money wallets. As part of this integration, Kotani Pay has recently enhanced its capabilities by integrating with M-Pesa and various mobile money platforms across multiple African countries. This advancement empowers users and developers to off-ramp USDT or USDC on the Lisk protocol directly to mobile wallets via Kotani Pay, unlocking new opportunities for accessing fiat services. “Emerging markets are at the heart of Lisk's mission,” said Dominic Schwenter, COO of Lisk. “We are deeply committed to empowering developers in Africa with the resources they need to create innovative web3 products. Yet, our efforts will fall short without robust on/off ramps—historically the Achilles' heel of crypto. Kotani Pay is addressing this challenge in Africa, and their partnership will further enhance our innovation in the region.” This collaboration positions Lisk as the go-to RWA chain for African projects. With Kotani Pay's extensive reach across over 8 African countries, the integration provides access for projects to scale into different markets, supporting established and emerging initiatives. The significance of this partnership is underscored by a recent Chainalysis report indicating that stablecoins account for approximately 43% of the total transaction volume in the Sub-Saharan African region. Felix Macharia, CEO of Kotani Pay, stated, “Our goal extends beyond providing access to Web3 assets in Africa. We are committed to empowering entrepreneurs and developers building Web3 products that drive economic growth across the continent. By integrating with the Lisk ecosystem, we offer dApps, DeFi platforms, and exchanges a seamless on-ramp and off-ramp solution, allowing them to unlock real value and expand their reach to underserved markets. This partnership aligns perfectly with Lisk's vision, and we are excited to support the growth of innovative solutions in the space.” Integrating Kotani Pay's API and widget will facilitate seamless transactions, bridge real-world use cases, and enable faster, more efficient fiat on- and off-ramping. This enhancement aims to drive crypto adoption in Africa while increasing the utility of Lisk's infrastructure technology, solving a critical challenge for developers building on the Lisk protocol. In March, Lisk partnered with CV Labs to launch a VC-curated blockchain incubator program to support African entrepreneurs developing blockchain solutions tailored to the African market. For more information about Lisk and the partnership with Kotani Pay, visit us on X. About Lisk Lisk is a Layer 2 blockchain dedicated to bringing Web3 adoption in emerging markets back to Ethereum. By leveraging cost-efficient, scalable, and innovative Layer 2 technology, Lisk enables real-world applications in emerging markets to operate efficiently on Ethereum for the first time. Lisk's founder-focused approach provides a comprehensive ecosystem of startup programs, tooling, seed liquidity, and knowledge bases to support local founders from inception to success. As a long-standing Web3 infrastructure project, Lisk has been contributing towards democratizing blockchain accessibility for developers globally since 2016. As an original member of the Optimism Superchain, Lisk also plays a pivotal role in building the industry’s first truly interoperable supernetwork alongside Optimism, Base, Mode, and Worldchain. For more information, visit us on X and join our network of builders to start building for the real world. About Kotani Pay Kotani Pay is an on-ramp and off-ramp payment platform connecting Web3 fintechs across Africa with local payment structures, including mobile money and banks. Dedicated to bridging the Web3 and fiat worlds, Kotani Pay's robust white-labeled API provides cash-in/cash-out services in Kenya, Ghana, South Africa, Cameroon, Tanzania, Uganda and Zambia. Contact Details Serotonin Wahaj Khan wahaj@serotonin.co Company Website https://lisk.com/

October 22, 2024 09:00 AM Eastern Daylight Time

Messari Reports TRON’s Protocol Revenue Reached an All-Time High in Q3 2024

TRON DAO

Geneva, Switzerland, October 22, 2024 - Messari, a leading provider of digital asset market intelligence products, released a research report highlighting TRON ’s Q3 performance. The report details seven consecutive quarters of increasing on-chain activity, driving its protocol revenue to an all-time high, fueled by increased transaction volumes and a rapidly growing user base. State of TRON Q3 2024 The TRON network experienced impressive protocol revenue growth in Q3 2024, reaching an all-time high of $151.2 million, reflecting a 29% increase quarter-over-quarter (QoQ). During this period, TRON also achieved notable growth across several key metrics, including a 24% increase in market cap, a 4% rise in DeFi TVL, a 3% growth in stablecoin market cap, and a 150% increase in average daily DEX volume. Other Highlights: TRON passed a series of proposals aimed at lowering gas fees, further enhancing its appeal for cost-efficient transactions. USDT on TRON reached $58.94 billion by the end of Q3, a 3% increase from $57.06 billion QoQ, with over half of all USDT in circulation now on the TRON network. Ecosystem Growth On July 25, TRON launched HackaTRON Season 7 to attract both experienced developers and newcomers to the TRON platform. On September 10, 2024, TRON, in collaboration with Tether and TRM Labs, announced the launch of the T3 Financial Crime Unit (T3 FCU) to address cryptocurrency-related crimes. TRON is developing a Bitcoin Layer-2 solution, aiming for a secure way for the Bitcoin ecosystem to access TRON’s pool of stablecoin capital. Read the full research report from Messari here. About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the integration of BitTorrent, a pioneer in decentralized Web3 services, boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of October 2024, it has over 265 million total user accounts on the blockchain, more than 8.7 billion total transactions, and over $16 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens – TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | X | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Yeweon Park press@tron.network Contact Details Yeweon Park press@tron.network Company Website https://trondao.org/

October 22, 2024 09:00 AM Eastern Daylight Time

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