Fintech PR
8Hours Foundation Successfully Wrapped up its NTI Round of Token Issuance with over $3.0 Million Raised
At 8Hours Foundation, we aspire to build a platform for everyone. We capture the value that is created from meaningful social experiences and deliver that value directly to members of the ecosystem. The current world has become very disconnected and superficial. With the strong influence of social media, people are feeling isolated and disconnected more than ever before.
We envision a world where technology is used to create stronger social bonds by fostering meaningful social communications and establishing long-lasting relationships through interactive games. By blending digital and physical games, there’s an opportunity for an entirely new kind of human-computer interaction that enhances our relationships with the people in our lives. That’s where our partner, the PlayTable, comes in to play and make our vision come true.
PlayTable is the pioneer for merging the two worlds, physical toys, and digital play by breathing new life into board games, video games, and educational programs. Together, we are providing a platform for social games that give families and friends an easy way to connect.
8Hours Foundation successfully raised its New Token Issuance
8Hours Foundation had recently completed the New Token Issuance, raising over three million dollars ($3,000,000) in funding. Our private sale investors include the VeChain Foundation, Fenbushi Capital, CREAM, Blockcrafters, and other high net-worth individuals who are the key influencers in the gaming and technology industries. After the private sale and the fun-filled 32-hour Community and Public NTI event, we are proud to announce that 8Hrs Foundation has completed this round of token issuance.
Eight Hours Tokens (EHrTs) will drive the 8Hours ecosystem
During the NTI process, EHrTs (Eight Hours Tokens) were issued to both private and community token holders. EHrTs will become a powerful tool within the 8Hours ecosystem. EHrT can be used as a payment to buy digital games, physical toys, and services within our ecosystem. EHrT can be used as a utility token that can be spent, staked, and burned in exchange for minting Authentic Asset Certificates (AACs), creating in-game currencies (IGCs), as well as establishing Colored Tokens by their creators.
AACs are Non-Fungible Tokens that can give your toys digital identities so that they can have their own digital stats, level, and moves. IGCs are more flexible than traditional currencies because they are backed by Blockchain technology, which makes them reliably tracked and securely operated in different game settings. Lastly, colored tokens can only be created and spent by their creators; these tokens are used to measure in-game achievements, wealth, authenticity, progress, and history.
Linking the physical and digital world allows for endless possibilities for collectibles and their compounding interaction with games. You will be able to understand these concepts further as our platform matures.
Moving forward and outlook for the near future
To stay transparent with our community, we plan to update our development progress and how the raised funds are being applied. As expected, we will continue to use the resources to build out the platform that can seamlessly integrate with the PlayTable gaming console. Thanks to the community’s support, the Foundation is now empowered to hire more senior engineers and product developers to push out the products at a faster rate.
At 8Hours Foundation, we envision a world where technology is used to create stronger social bonds by bringing people together through play. We believe that with just 8 hours a week of purposeful social bonding time, the overall health and happiness of the society will be improved drastically. And most of all, strong social bonds will decrease an individual’s stress level; hence, creating a stronger society, and a better world for you, me, and everyone.
With many exciting developments ahead of us, we cannot wait to share them with our community. You can now reserve your PlayTable at a special price: https://go.playtable.com/reserve.
SOURCE 8Hours Foundation
Fintech PR
Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.
On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”
Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.
His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.
As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.
Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
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View original content:https://www.prnewswire.co.uk/news-releases/wahed-appoints-khalid-al-jassim-as-executive-chairman-of-wahed-mena-to-help-guide-the-strategic-growth-of-wahed-in-the-region-302314779.html
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.
Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.
Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.
Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
About Qatar Development Bank
Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.
For more information, visit: https://www.qdb.qa/
Photo – https://mma.prnewswire.com/media/2566075/Qatar_Development_Bank_Announcement.jpg
View original content:https://www.prnewswire.co.uk/news-releases/qatar-development-bank-announces-strategic-investment-in-global-islamic-fintech-wahed-302314778.html
DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.
In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.
Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.
AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.
Photo – https://mma.prnewswire.com/media/2557788/image.jpg
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View original content:https://www.prnewswire.co.uk/news-releases/chinas-aima-brand-electric-motorbike-is-now-in-bangladesh-302314773.html
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