Aurelia Butler

More stories

  • 188 Shares199 Views

    in Cryptocurrency

    SINGLE INVESTOR IN $15M SERIES A RAISE AS YOTON YO STUDIOS PREPARES FOR EXFINITUM OMNIVERSE

    Yoton Yo Studios (YYS) today announced a $15m Series A investment, allowing the innovative start-up to advance with pioneering ‘phygital technologies’.In January, YYS began a more public profile announcing the development of Exfinitum Omniverse, a first-of-its-kind digital/physical trading card system offering players unprecedented content control. It is currently in alpha testing with a market launch later this year.The private investor’s financial commitment is being supplemented by grant funding from Skale blockchain, which takes the round in excess of $15m. Combined, these partnerships provide exceptional scale, transaction speeds, security, and minimized carbon footprint. In addition Layer One X Blockchain is extending a grant and Joint Venture to deploy interoperability across multiple platforms.Peter J. Wacks, CEO and Chief Creative Officer of Yoton Yo Studios, said: “Our partners truly share our vision, and we are beyond excited to have them join forces with us as we build our groundbreaking brands. We’ve taken the limitations of physical ownership and authenticity, and developed a unique reader and coding system to unequivocally prove pedigree and ownership both physically and digitally. What we have been developing for the past 24+ months not only changes TCG convention, but also some tired and accepted paradigms around data and asset ownership.”Ben Miller, Head of Partner Marketing, Skale said “We are thrilled to work closely with Exfninitum to bring high quality Phygital TCGs to SKALE. As the world’s fastest blockchain with 0-gas fees, we believe that SKALE will be the perfect tool for the mass adoption of gamers.”Yoton Yo is a games and technology company developing proprietary software solutions that will power Exfinitum Omniverse. The company’s future announcements are expected to shine a light on some of the first IP and creative collaborations that will feature in the early stories that drive the overarching narrative feeding into and within the Omniverse.About Yoton Yo StudiosYYS is a games and technology company building new and groundbreaking software solutions to generate vastly improved experiences in gaming, asset pedigree and data usage.About Exfinitum OmniverseState-of-the-art innovation sits at the core of taking the traditional trading card game into a new realm that morphs multiverses in physical and digital play, enabling the same cards to be playable in multiple games. Discord https://discord.gg/exfinitumTwitter / X https://x.com/exfinitumExfinitum Omniverse https://www.theomniverse.info/Exfinitum https://exfinitum.com/Yoton Yo Studios https://www.yotonyostudios.com/ContactDirectorGary Burns1UP PR [email protected] article was originally published on Chainwire More

  • 113 Shares169 Views

    in Cryptocurrency

    Michael Saylor Issues ‘Attractive’ Bitcoin Tweet Supported by Community

    Unlike his other recent, similar tweets, this one has the Bitcoin community excited and has brought a wave of positive feedback to Saylor, who is now in charge of his company’s BTC-focused strategy after stepping down from its chief executive position.In the comments, many Bitcoin users responded to it eagerly, agreeing with the “statement” and showing their support for the world’s flagship cryptocurrency. Among those commentators were the official accounts of the Kraken cryptocurrency exchange and Eric Weiss, a prominent figure in the crypto community.Kraken tweeted: “It’s refreshing to be able to take control of your own money. That’s for sure!”The official account of the Dash privacy coin wrote in a comment: “Bitcoin is refreshing… your block explorer to see if you got a confirmation.”Two days before that, Saylor published an enigmatic tweet with the hashtag “BitcoinHalving.” In the tweet, Saylor suggested that an investor could emerge with unlimited capital, announcing “a program to acquire 450 BTC daily” at the current market price for the next four years (this is the time period between two Bitcoin halvings) and “hold the asset forever.”In the year 2028, Saylor also said in that tweet, the hypothetical investor would increase their purchases to 675 BTC per day and then raise them to 787.5 BTC by 2032. This tweet seems to emphasize the growing value of Bitcoin after each halving, even if the newly produced BTC amount gets 50% smaller. Now, after the Saturday halving, miners get 3.125 BTC per each new block rather than 6.25, as it happened after the 2020 halving.This article was originally published on U.Today More

  • 88 Shares179 Views

    in Economy

    ADT Q1 results mixed, stock up slightly

    The company announced an adjusted earnings per share (EPS) of $0.16, surpassing the analyst consensus by $0.01. However, revenue for the quarter stood at $1.2 billion, falling short of the expected $1.29 billion. ADT shares were up 0.6% premarket.The company’s Consumer and Small Business (CSB) segment exhibited a 5% increase in revenue compared to the same period last year, reaching $1.2 billion, and an 8% rise in segment Adjusted EBITDA, which amounted to $638 million. This growth is attributed to strong customer retention and operational efficiencies that improved the CSB Adjusted EBITDA margin by approximately 200 basis points.ADT’s Chairman, President, and CEO, Jim DeVries, highlighted the company’s robust start to the year, with momentum in CSB segment revenue and Adjusted EBITDA, as well as growth in cash flow. DeVries also emphasized the ongoing rollout of the new ADT+ platform, which is expected to bolster the company’s national expansion in the forthcoming months. Moreover, ADT remains committed to its capital allocation strategy, focusing on driving significant cash flow while investing in customer growth and returning capital to shareholders.The company’s balance sheet was strengthened through strategic financial maneuvers, including the redemption of its First Lien Senior Secured Notes due 2024 and the repricing of its $1.4 billion Term Loan B to reduce borrowing costs. Additionally, ADT repurchased 15 million shares of its common stock as part of its $350 million share repurchase authorization.Despite the positive developments in its core business, ADT is in the process of exiting the residential solar business, which has resulted in charges and is expected to incur additional costs in the future.For the remainder of 2024, ADT has reiterated its financial guidance, projecting CSB Total Revenue between $4.8 billion and $5.0 billion, CSB Adjusted EBITDA between $2.525 billion and $2.625 billion, and adjusted EPS between $0.60 and $0.70. The company’s adjusted Free Cash Flow, including interest rate swaps, is forecasted to be in the range of $700 million to $800 million.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

  • 113 Shares179 Views

    in Cryptocurrency

    Masa unveils AI developer ecosystem with 13 partner projects

    The new collaborations span a variety of applications, from synthetic social networks to AI-driven trading platforms. Notable among the partners is CharacterX, which employs user-consented social data to train AI models for creating AI avatars, and ChainML, which focuses on building collaborative AI agents for web3 environments.The list also includes Pond, which is working on a large graph AI model for on-chain applications; and Holoworld, which combines AI with 3D entertainment in a social network.The initiatives leverage Masa’s decentralized, user-consented data and open-source LLM network to expand its AI developer ecosystem.Masa’s approach highlights a shift toward using decentralized data sources to address the challenges of data access and quality that often limit traditional AI development. The company asserts that this model can lead to more personalized and effective AI solutions.To back these development efforts, Masa has rolled out a Decentralized AI Developer Grant, putting up $100,000 in MASA tokens to help developers in its network. The grants seek to encourage the creation of AI projects that leverage Masa’s technology stack.The partnerships and grant program are part of Masa’s broader strategy to become a key player in the decentralized AI market. The company is setting up a space where developers can get their hands on unique datasets and team up to build AI solutions.Masa’s network is growing fast, now boasting over 1.5 million users and 48,000 node operators, all supported by venture capital funding. The recent rollout of its network mainnet and token sale highlight a growing demand for diverse data and more open access to it. With many AI models becoming more similar because they’re trained on similar data, the real game-changer now is getting access to exclusive, high-quality, and verified personal data. More