Fintech PR

Sweat Economy to Usher 140M Users to Web3; Launches in USA

Published

1 year ago

October 17, 2023

Sweat Economy’s expansion reinforces its vision to onboard the next billion people into a healthier and wealthier community

LONDON, Oct. 17, 2023 /PRNewswire/ — Sweat Econom y, the Web3 ecosystem on a mission to help the world be more physically active by incentivizing activity, has expanded into the United States and eight new countries including the Bahamas, Barbados, Botswana, Ghana, Jamaica, Pakistan, Zimbabwe, and Uganda. The move paves the way for millions of users to officially begin tokenizing their physical activity within the Sweat Economy ecosystem, adding momentum to the burgeoning global movement economy.

Sweat Economy enters these new markets with the overwhelming support of its community, who participated in a historic vote, with over 380K users deciding to burn and reallocate idle tokens to support the current launch effort. Sweat Economy builds on the success of the massively popular Sweatcoin app that launched in 2015. As one of the pioneers of the move-to-earn phenomenon, Sweatcoin quickly amassed more than 140M registered users and became the most downloaded health app in over 60 countries. Sweat Economy represents the latest evolution of this story, to accelerate the mainstream adoption of Web3 technologies at the intersection of tokenization, health, and crypto.

Sweat Economy revolutionizes movement using a unique passive reward system. By leveraging the Sweatcoin application in tandem, users can verify their movement–tokenizing their physical activity. As a reward, users can mint $SWEAT, a token on the NEAR Protocol positioning Sweat Economy as one of the largest Web3 on-ramps in history, with millions of existing Sweatcoin users being onboarded onto Sweat Wallet. By choosing to build on NEAR, Sweat Economy will be well placed to leverage the protocol’s incredibly secure and infinitely scalable sharding infrastructure–unlocking the opportunity to onboard millions of potential users into a burgeoning Web3 movement economy.

Once onboarded into Sweat Wallet, users can mint $SWEAT by engaging in physical activities. Accrued $SWEAT can then be used in various ways, including deposited into “Growth Jars” to be saved and multiplied, and unlock exclusive rewards within the ecosystem. Users can also compete in the free-to-play Sweat Hero NFT game to win additional $SWEAT, while also having the option to purchase $SWEAT in-app using the MoonPay fiat on-ramp. In just a few months, $SWEAT has become the 9th most held¹ and the 13th most actively used token² in the world prior to this expansion–having also established a deflationary status following the community’s decision to burn 1.8 billion unclaimed $SWEAT.

Oleg Fomenko, co-founder of Sweat Economy said: “We are thrilled to finally bring the Sweat Economy experience to the United States and 8 other markets. We are excited that residents of these countries will also be able to–literally–WALK INTO CRYPTO. Our global community of users has been instrumental in supporting this launch and we are thankful for their participation in the biggest ever governance vote that allocated nearly 700 million $SWEAT to the new community members in consideration for their verified physical activity. By expanding into these markets, we aim to inspire a new wave of physical activity and incentivize individuals to lead healthier lives, while paving the way for the next billion users looking to participate in the movement economy.

Chris Donovan, CEO of the NEAR Foundation, said: “It’s incredible to see the progress of Sweat Economy as it enables us to achieve our mission to bring millions into the open web. As an industry leader in tokenizing physical activity, Sweat Economy’s launch into the U.S. represents a major milestone not just for the project, but for the entire NEAR ecosystem. It also demonstrates the incredible scalability of the NEAR Protocol, which has been able to seamlessly support one of the largest consumer apps in Web3 operating at significant scale.”

Communities are undergoing a significant transformation as individuals seek innovative ways to stay motivated and maintain a healthy lifestyle. Sweat Economy’s unique approach, combining fitness tracking with blockchain technology, brings an exciting and refreshing perspective to this space. By rewarding users for their physical activity, Sweat Economy not only encourages people to exercise more but also creates a vibrant and engaged group of like-minded people.

Sweatcoin has 140M+ users, who are 20% more active after downloading the app. It has 800+ brand partners including the likes of Adidas, Paramount, Fabletics, Amazon, and Garmin who provide exclusive discounts, offers, and free products in exchange for sweatcoins plus over 100 charity partners who have benefited from Sweatcoin donations. Interested individuals can download the Sweatcoin app and Sweat Wallet from the App Store or Google Play Store and become part of a thriving ecosystem that values health, fitness, and progress.

¹Aggregated data sourced from Etherscan, Bscscan, Solscan, Nearscan, Coincarp and is accurate as of May 2023.

²Aggregated data sourced from Covalent, Dune.com, Etherscan, Bscscan, Solscan, Nearscan and is accurate as of May 2023. (Active wallets in the period of 2023-05-14 – 2023-05-1; GALA had 1:1 swap from V1 to V2 forcing 100% of all wallets holding to be active on May 15th).

Oleg Fomenko, co-founder of Sweat Economy is available for interview.

About Sweat Economy

Sweat Economy is a Web3 ecosystem on a mission to help the world be more physically active by incentivizing activity. It is powered by $SWEAT or Sweat Token, a crypto asset representing tokenized physical activity, minted by steps. The token is managed via the Sweat Wallet dApp, the non-custodial Web3 mobile wallet dApp for managing your $SWEAT and other crypto holdings. Sweat Wallet is a top 5 dApp globally, designed for the crypto-curious.

With over 140M+ registered Sweatcoin users, and more than 10 million Sweat Token holders, Sweat Economy is facilitating one of the most significant onboardings in Web3 history.

About $SWEAT

$SWEAT is a crypto asset representing tokenized physical activity, minted by your steps and validated by the Sweatcoin app. $SWEAT is a top-10 Web3 asset globally by the number of holders¹ and top-15 asset by the level of user activity².

About Sweatcoin

Sweatcoin, launched in 2015, has been the No. 1 mobile app in over 60 countries. Sweatcoin forms the basis of the movement economy. Users can earn rewards simply by walking, and they can redeem the value of their activity on a unique marketplace.

Sweatcoin (which involves non-crypto rewards) validates a user’s steps and connects to the wider on-chain Sweat Economy ecosystem through the Sweat Wallet mobile app, allowing movement to generate digital assets called $SWEAT.

For more information, please visit: Sweatco.in

About NEAR Foundation

NEAR Foundation is a non-profit that supports the growth and development of the NEAR ecosystem and the Blockchain Operating System (BOS), a full stack Web3 development and app distribution platform at the heart of an open web. The BOS is compatible with all blockchains, making it the entry point to the open web for users and developers alike. Founded on the principles of openness and sustainability, the NEAR Foundation is driven by the vision of putting information and technology in the service of humanity rather than political or corporate interests.

For more information, please visit: NEAR Foundation

¹Aggregated data as of May 2023. Sources used were Etherscan, Bscscan, Solscan, Nearscan, Coincarp.

²Active wallets in the period of 2023-05-14–2023-05-17 (Longer periods crashed the model. ) Sources: Covalent, Dune.com, Etherscan, Bscscan, Solscan, Nearscan.

View original content:https://www.prnewswire.co.uk/news-releases/sweat-economy-to-usher-140m-users-to-web3-launches-in-usa-301958998.html

Fintech PR

Hakluyt announces new partnership with Orchestras for All

Published

39 minutes ago

November 26, 2024

CISION (PR Newswire)

LONDON, Nov. 26, 2024 /PRNewswire/ — Hakluyt, the global strategic advisory firm for businesses and investors, has today announced a new social impact partnership with Orchestras for All (OFA), on the eve of the charity’s Big Give Campaign launch.

Orchestras for All is a UK-based charity that works with 11-19 year-olds to widen access to music, with a particular focus on those who face challenges such as disability, deprivation or caring responsibilities.

Drawing on its connectivity and in-house expertise, Hakluyt will advise the charity on issues as it seeks to fulfil its mission to ensure that all children, regardless of background or circumstance, are able to share in the benefits of group music-making.

Hakluyt, which has been providing in-kind support to the charity since 2022, has now formalised a partnership with Orchestras for All that will see it provide advice and guidance across a range of strategic challenges in order to help the charity widen its impact and reach more young people.

Kayo Yoshida, who co-leads Hakluyt’s work with Orchestras for All, said: “Orchestras for All does invaluable work sharing the benefits of music with children who have often been shut out of creative opportunities. I am personally delighted to be working with them, and look forward to our partnership flourishing over the coming years.”

Alexandra Davison, who also co-leads Hakluyt’s work with the charity, commented: “The opportunities that Orchestras for All offers can be life-changing for young people. The myriad benefits of musical education to children’s development and educational attainment are well known, and Orchestras for All is an organisation with a proven track record of widening access to music for the children who need it most.”

Nick Thorne, Executive Director of Orchestras for All, added: “We are delighted to have formalised our partnership with Hakluyt, and are incredibly grateful for the support they provide. This relationship is one of our most significant corporate partnerships to date, offering both financial support and advisory services.

“The funding Hakluyt have provided will not only help OFA continue providing its life-changing musical programmes, but also enable our participation in the Big Give Christmas Challenge 2024. Through this campaign, OFA aims to raise vital funds to ensure that more young people can access inclusive and transformative music-making opportunities.”

Notes to Editors

Hakluyt is a strategic advisory firm that works with corporate leaders and investors around the world on their most important commercial issues. For more information on the firm, please visit www.hakluytandco.com

Orchestras for All (OFA) is an Arts Council National Portfolio Organisation that breaks down barriers to give all young people the life-changing experience of making music together, regardless of the daily challenges they might be facing. Its inclusive, non-auditioned National Orchestra for All (NOFA) brings together 100 young musicians from across the UK who would otherwise be unable to access musical opportunities – whether due to physical disability, a mental health condition, economic deprivation, or rural isolation.

View original content:https://www.prnewswire.co.uk/news-releases/hakluyt-announces-new-partnership-with-orchestras-for-all-302316677.html

Fintech PR

MarketsandMarkets appoints Nirmal Shani as Managing Partner in Dubai, in line with IPO plans

Published

2 hours ago

November 26, 2024

CISION (PR Newswire)

marketsandmarkets-appoints-nirmal-shani-as-managing-partner-in-dubai,-in-line-with-ipo-plans

DELRAY BEACH, Fla., Nov. 26, 2024 /PRNewswire/ — MarketsandMarkets, the only Indian-origin startup to feature in the Forbes list of ‘America’s Best Management Consulting Firms 2023’, has appointed Nirmal Ramesh Shani as Managing Partner.

Nirmal joins MarketsandMarkets from S&P Global to lead its real-time megatrend disruption impact platform for the global energy sector. He has over 23 years of experience with IHS Markit, Dun & Bradstreet, and Times of India. During his formative years, he supported his family business, exporting Indian handicrafts to Japan and USA.

Sandeep Sugla, Founder and CEO of MarketsandMarkets, said: “It’s my pleasure to welcome Nirmal to MarketsandMarkets. His leadership further strengthens our ability to address customer needs at a time when the global energy, power, chemical, material, and industrial sectors are undergoing unprecedented transformations. We estimate approximately USD 25 trillion emerging from new revenue sources by 2030 as megatrends like AI, clean tech, blockchain, IoT, etc., disrupt current revenue streams of customers and the customer’s customers.”

Milan Rao, COO and CRO of MarketsandMarkets, said, “Nirmal joins a growing list of global leaders who are committed to taking our AI-enabled platform, KnowledgeStore, and our cutting-edge growth and disruption consulting capabilities to over 13,000 clients globally. His knowledge and expertise will add significantly to our presence in the energy and ESG sectors worldwide.”

Nirmal is passionate about energy and sustainability; in his most recent role at S&P Global, he helped create landmark platforms — such as the CERAWeek Asia Pacific Energy Forum in Houston, the India Energy Forum in New Delhi, the partnership with PETRONAS for Energy Asia in Kuala Lumpur, and with Japan’s Ministry of Economy, Trade and Industry (METI) for the Asia Green Growth Partnership Ministerial Meeting (AGGPM) — to elevate the Voice of Asia within the global energy system towards an ‘Equitable Energy Transition for All’.

On his appointment, Nirmal said: “MarketsandMarkets helps progress my mission to the next level. I haven’t seen any other platform in the world that provides such a telescope for global energy, chemical, and industrial leaders to analyze the impact of disruptive shifts in real-time and in an interconnected way. The proprietary tools combined with exclusive on-demand access to research, and a dedicated growth program manager ensures our clients avoid missing blind spots and gain early mover advantages.”

Nirmal is an alum of Narsee Monjee College and Welingkar Institute of Management. He serves on the Board of Advisors/Governing Council of Umang Foundation, a non-profit organization with whom he has been associated since 2009. His philanthropic initiatives focus on education and health-related issues in rural India.

About MarketsandMarkets^TM

MarketsandMarkets^™, recently featured on the Forbes list of America’s Best Management Consulting Firms, is a blue ocean alternative in growth consulting and program management with the widest lens on emerging technologies, leveraged through a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. The B2B economy is witnessing the emergence of USD 25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. MarketsandMarkets^™ works with several Forbes Global 2000 B2B companies, helping them monetize this USD 25 trillion opportunity—through TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing—and stay relevant in a disruptive ecosystem. MarketsandMarkets’ cutting-edge AI-powered KnowledgeStore™ platform (Market Intelligence Cloud) integrates research and facilitates analyses of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To learn more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn, and Facebook.

Media inquiries:
Mr. Rohan Salgarkar
USA: +1-888-600-6441

Photo: https://mma.prnewswire.com/media/2567625/Nirmal_Shani_MarketsandMarkets.jpg
Photo: https://mma.prnewswire.com/media/2567576/Aman_Sandeep_Nirmal_MarketsandMarkets.jpg
Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg

Co-founders Aman Gupta and Sandeep Sugla with Nirmal Shani at MarketsandMarkets headquarters in Pune, India.

View original content:https://www.prnewswire.co.uk/news-releases/marketsandmarkets-appoints-nirmal-shani-as-managing-partner-in-dubai-in-line-with-ipo-plans-302316430.html

Fintech PR

StarCompliance Expands Cryptocurrency Compliance Capabilities with the Acquisition of Aer Compliance

Published

2 hours ago

November 26, 2024

CISION (PR Newswire)

Bringing traditional securities trading compliance and digital asset management into one comprehensive solution

ROCKVILLE, Md., Nov. 26, 2024 /PRNewswire/ — StarCompliance (Star), a leading SaaS provider of employee compliance technology solutions, is excited to announce the acquisition of Argus Inc. DBA Aer Compliance (Aer), a leader in cryptocurrency trading pre-clearance and post-trade monitoring solutions. This strategic acquisition positions Star clients to monitor and mitigate risk more holistically by bringing traditional securities trading, and now digital assets, into one comprehensive solution. With Aer’s unique capability to monitor at the coin and wallet level—going beyond ETFs— Star’s clients will gain unparalleled visibility and control in the rapidly evolving cryptocurrency landscape.

“By integrating Aer’s advanced technology into our platform, Star is helping our clients prepare and get ahead of emerging regulations in the fast-changing cryptocurrency space,” said Jennifer Sun, CEO of Star. “We’ve been very fortunate to work with Owen and his team over the last 18 months as partners and now look forward to our future as a combined company.”

Owen Rapaport, Aer’s co-founder and CEO, will join Star as Executive Director of Product Management, Digital Assets, continuing to develop, integrate and introduce innovative solutions for mitigating cryptocurrency and digital asset risk. This acquisition builds on Star’s leadership position in regulatory compliance, adding advanced tools to Star’s Employee Conflicts of Interest suite, tailored to the rapidly evolving world of digital assets, ensuring clients stay ahead of emerging regulatory requirements.

The Aer acquisition adds several capabilities to Star’s robust offerings, including:

Configurable, automated employee pre-trade clearance, post trade monitoring and automated alerts for digital assets
Elimination of manual trade reviews with the ability to identify potential violations with post-trade monitoring across 130+ exchanges and 30+ blockchains
Recognition of undeclared employee accounts using public blockchain data
AI technology enabling assisted reviews of marketing content for unsubstantiated statements of material facts and hypothetical performance leading to faster approvals.

“As cryptocurrency continues to mature both as a personal investment asset class and a strategic business line for financial institutions, the demand for robust compliance solutions has never been greater,” said Rapaport. “Star’s vision for advancing employee compliance aligns perfectly with Aer’s commitment to fostering trust and integrity in this evolving landscape. Together, we will deliver cutting-edge products and usher in a new era of cryptocurrency trading and compliance.”

About Aer Compliance

Aer Compliance (Aer), incorporated in Delaware as Argus Inc., is the first employee trade compliance solution for digital assets. With a customer base comprising the largest funds and market makers globally, Aer’s software brings robust controls to this world of emerging risks. As regulators increase their scrutiny of cryptocurrency, Aer is the essential way to ensure appropriate measures are in place to protect both the firm and its employees. Aer’s US federal public sector work further informs its cutting-edge approach to compliance. You can find out more about the solution at www.aercompliance.com.

About StarCompliance

StarCompliance (Star) is a leading provider of employee compliance technology solutions. Trusted for over 25 years by over a million users in 114 countries, Star’s next-generation platform and user-friendly interface delivers the data, technology, and actionable insights needed to proactively mitigate risk, monitor conflicts globally, and support complex whistleblowing regulations. Visit www.starcompliance.com to discover the comprehensive security and unparalleled assurance you need to build a culture of compliance today.

Media Contact:
Greg Tarmin
+1 917-868-7791
[email protected]

View original content:https://www.prnewswire.co.uk/news-releases/starcompliance-expands-cryptocurrency-compliance-capabilities-with-the-acquisition-of-aer-compliance-302316262.html