Fintech PR
Web3’s biggest investors back social-fi innovation company /Reach in a bid to ‘fix Crypto Twitter’
Seedphrase, Pranksy, Gmoney, Zeneca and more have invested in a new protocol built to bring quality engagement and beat the Twitter bots
NEW YORK, Dec. 15, 2023 /PRNewswire/ — A group of the world’s best known cryptocurrency and NFT investors are financially backing a new social-fi innovation company to ‘fix Crypto Twitter’. The company, ‘/Reach’, has attracted seed funding from a wide number of public facing figures including Seedphrase, Zeneca, Pranksy, Gmoney, Dingaling, and Mooncat2878. Previous institutional funding from amongst this group include investments in Blur, LooksRare, SuperRare, and NFTNow.
L’anamour and 8an, co-founders of /Reach shared: “Twitter is the home of the international crypto community, yet the platform, the algorithm, and the millions of fake profiles are a constant source of frustration to people and businesses alike. We’re here to change this, and we’ve built a fit-for-pupose protocol and gathered together some of the biggest names in crypto to help us achieve this mission.”
After completion of a beta phase involving onboarding over 6,000 users, /Reach is planning its full launch for 14:00 EST Monday 18th December powered by the $REACH token.
The new company and its investors are looking to use social-fi innovation to fix some of the social media platform’s most glaring problems. The protocol’s USP which allows it to do this is a unique integration between Discord, the home of closed crypto communities, and Twitter/X. This enables anyone to promote their content to an engaged, audited user base while remunerating them for their contribution to the network effects.
This integration allows users and businesses alike to break through the Twitter algorithm and promote their content to targeted audiences. The protocol has already garnered interest from large gaming and media incumbents outside of web3 as a planned next step for growth.
Despite its position as the unofficial “home” of the crypto industry online, Twitter/X has increasingly come under fire from inside and outside of the blockchain industry for the prevalence of bots, fake followers, and low quality engagement across the platform.
A study earlier this year found that many of the biggest crypto profiles have 100,000s of fake ‘bot’ followers inflating their communities. These same fake profiles are also used to promote projects with artificial and low quality engagement on social posts. Elon Musk’s attempts to prevent this since he acquired the company have had limited results, Twitter/X is predicted to lose 30 million users over the next two years – almost 10% of its active user base.
Seedphrase, one of the most recognisable names on Crypto Twitter, the owner of the rarest Cryptopunks, and lead advisor of /Reach shared:
“I’m happy to announce that I’ve joined Get Reach as an advisor and investor in a bid to fix crypto Twitter and help the platform become what it was meant to be. The average organic engagement rate on X is only currently 0.05%. There is high demand for tools to help grow user engagement, while being safeguarded from unpredictable algorithmic changes and competition.
Get Reach’s platform fosters a collaborative environment where creators and contributors unite to enhance the visibility of Web3 projects, while reaping rewards for their participation. The onus is on us to welcome corporates into web3, and I see Get Reach as the perfect gateway for this with a true decentralised ethos.”
/Reach’s full launch will take place at 14:00 EST on Monday 18th December with full details to be released on the project’s Twitter/X page on Monday.
ABOUT /REACH
/Reach is a simplified, automated, permissionless protocol for quality engagement rewarding, powered by $REACH. The /Reach protocol allows for brands, projects, communities, and individuals to leverage the network effects of a large, vetted and audited audience to organically amplify their key pieces of content, and reward them for it. 100% of all rewards put up by creators are redistributed back into the network.
/Reach was founded by 8an, former venture developer at Rocket Internet, founding team at Numan, and co-founder of art fractionalisation protocol Particle, and Lanamour, former private equity investor and founder of vintage photography platform FocusBloc. /Reach raised $1,000,000 on chain in less than 24 hours from the likes of Seedphrase, Zeneca, Pranksy, Gmoney, Dingaling, Canary Labs, NxGen, PunkDAO, Mooncat2878, Dingaling, and 0xSun and others who have been using the /Reach protocol throughout its beta phase and have seen the impact it can have on their communication strategies.
ABOUT SEEDPHRASE
Having been involved in the crypto space since 2013, Seedphrase (Daniel Maegaard) is one of the most prolific figures in the web3 space and is highly involved in luxury fashion, music and generative art. He has amassed one of the largest personal collections of digital art and NFTs which includes the only 1/1 Cryptopunk#8348.
ABOUT ZENECA
Known as one of the educational pillars of web3, Zeneca (Roy Bhasin) has helped the masses with onboarding to the world of NFTs by way of his Twitter/X posts and founding of the ZenAcademy and 333Club. Despite a more recent entrance to digital collectibles, Zeneca’s focus on value creation and ability to simplify complex topics has cemented him as a crypto thought leader.
ABOUT PRANKSY
Boasting almost 500,000 followers on Twitter/X, Pranksy is known to many as the apex of NFT collecting and trading, having sold over 1,250 Bored Apes and earning over 1,000ETH trading CryptoPunks.
ABOUT GMONEY
A founder and collector, GMONEY is one web3’s most notable pioneers. Known simply by his alias and recognized immediately by the rare ape CryptoPunk that he uses as his PFP, GMONEY is the founder of Admit One (a membership-based group of NFT collectors) and 9DCC (a web3-based fashion brand).
ABOUT PUNKDAO
PunkDao are the the largest decentralized organization holding punks. They invest in projects through Punk Ventures, a VC investment DAO with membership on application.
View original content:https://www.prnewswire.co.uk/news-releases/web3s-biggest-investors-back-social-fi-innovation-company-reach-in-a-bid-to-fix-crypto-twitter-302016025.html
DUBAI, UAE, Sept. 6, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, set out to make the community’s TOKEN2049 journey more rewarding. Gearing up for the most anticipated blockchain and Web3 event in the region, Bybit is thrilled to announce three bonus events to enable both attendees and remote fans to both be part of the experience.
The winning opportunities are open to both attendees of TOKEN2049 and followers from afar. Through trading and offline events, participants stand to get free tickets, a share of the $80,000 prize pool in airdrops and coupons, and Bybit merchandise.
Event 1: TOKEN2049 Treasure Express
From now to Sep. 26, 2024, Bybit users may register for the event and complete tasks by depositing and trading assets to earn lucky draw tickets. The wheel of fortune will turn to one of the three prizes:
1. A pair of tickets to TOKEN2049;
2. A share of the airdrop prize pool valued at $50,000 featuring the hottest tokens, including DOGS, PEPE, SOL, XRP, TON and USDT; or
3. Up to 50 USDT in spot coupons.
Even more rewards await in referrals and social media giveaways. For details, visit: TOKEN2049 Treasure Express
Event 2: Share and Unlock
From now to Sep. 30, 2024, unleash your social media magic for a chance to win a 10 USDT spot trading coupon. Share a Bybit blog link and your thoughts on Bybit and Web3. Remember to tag @Bybit_Official and use the hashtag #UnlockWeb3Future and submit the form with us here: #UnlockWeb3Future at TOKEN2049 with Bybit
Event 3: Meet us offline at TOKEN2049
Spot our logo at TOKEN2049 and capture a photo at the Bybit booth (M50) to win Bybit merchandise. Remember to share to your social media channels and use the right hashtag. For details, visit: #UnlockWeb3Future at TOKEN2049 with Bybit
An advocate for a sustainable Web3 ecosystem, Bybit will be featured prominently at TOKEN2049 on a series of keynote panels, thought leadership and community events, and booth M50.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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View original content:https://www.prnewswire.co.uk/news-releases/board-the-token2049-treasure-express-with-bybit-and-dive-into-an-80-000-prize-pool-302240594.html
DUBAI, UAE, Sept. 6, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce it’s among the first to be granted consent to a full authorization by the Astana Financial Service Authority (AFSA). This milestone brings Bybit closer to becoming a fully regulated Digital Asset Trading Facility (DATF).
As part of a rigorous process, Bybit Kazakhstan has passed a full AML check, business conduct audit, and detailed compliance inspections. This is part of Bybit’s focus on securing new user opportunities in Kazakhstan and the broader Commonwealth of Independent States (CIS) region.
“Kazakhstan has become a key player in the global crypto ecosystem, and we are thrilled to be expanding our services in such a dynamic market,” said Ben Zhou, co-founder and CEO of Bybit. “We are committed to bringing our cutting-edge technology, security, and transparency to crypto traders in Kazakhstan, ensuring they can access the best possible tools and services to thrive in this fast-growing industry.”
Once the full license is in place, Bybit Kazakhstan will offer various digital assets related products and services. The expansion into Kazakhstan aligns with Bybit’s mission to provide reliable and transparent services, catering to the unique needs of crypto traders and investors in the region.
This development follows Bybit’s receipt of its initial operating and custody licenses from AFSA in June 2023, reinforcing its commitment to local regulatory requirements. Bybit’s ongoing efforts to strengthen its presence in Kazakhstan underscore its belief in responsible growth and ensuring a compliant and secure trading environment.
Kazakhstan has quickly emerged as a hub for crypto innovation, and Bybit is proud to play a leading role in fostering this development. For example, Bybit hosted a “Foundations of Blockchain, Web3 and Crypto Exchange Activities” course for Banks of Kazakhstan in 2024. This event was part of Bybit’s drive to make blockchain education more accessible in the CIS region.
By securing this full authorization, Bybit is poised to enhance crypto adoption, provide institutional-grade security, and offer advanced trading features to its growing regional user base.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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View original content:https://www.prnewswire.co.uk/news-releases/bybit-expands-global-reach-receives-formal-consent-for-full-authorization-in-kazakhstan-302240634.html
Fintech PR
Integrum ESG and CSRHub enable fund managers to monitor both long-term trends and short-term movements in ESG ratings for companies, across a 10-year time series
LONDON, Sept. 6, 2024 /PRNewswire/ — Integrum ESG, the leading alternative ESG data provider, has today announced the launch of their Consensus ESG Ratings module.
Just as investors monitor movements in consensus earnings estimates or credit ratings, investors now are aware of the demand for the ability to monitor long-term trends and short-term movements in consensus ESG ratings.
This new feature enables Integrum ESG’s asset manager clients to now see the consensus ESG score for any company, either as an absolute rating or a relative percentile ranking, across a 10-year time series.
These scores will indicate to any investor what the capital markets have ‘priced in’ for a company’s ESG performance, allowing users to quickly understand the market’s view on a company and easily conduct relative ESG analysis on the positions they hold within their Portfolio.
This regularly updated data is provided by CSRHub, the world’s leading provider of consensus ESG ratings. CSRHub has spent years aggregating and normalising a vast range of licensed sources – from large ESG ratings firms such as MSCI, ISS, S&P Global, and Sustainalytics to specialists such as CDP and Better World Companies.
Shai Hill, Founder and CEO of Integrum ESG, commented: “Many investors have told us they want a sense of ‘what is priced in’ in terms of a company’s ESG performance, so they can compare this to what anyone ESG ratings firm is saying. CSRHub is the only firm to have credibly achieved this, thanks to a model refined over years and a vast data lake – so we are delighted to be partnering with them.”
Bahar Gidwani, Co-Founder of CSRHub, added: “Investors need to fine tune their ESG-related investment strategies to improve their returns and better match the preferences of their clients. Combining CSRHub’s expert outside-in, consensus view of ESG with Integrum ESG’s detailed real-time data stream provides a strong solution for these needs.”
About Integrum ESG
Integrum ESG is the leading alternative ESG data and ratings platform for investors, blending human analysis and award-winning artificial intelligence models to capture, verify and display granular and relevant ESG data for analysis and assessment. Their Platform allows clients to dissect ESG scores, real-time sentiment, and more with a variety of unique-to-market features, empowering industry professionals and investors and giving them complete oversight of ESG risk across their portfolio.
For more information, visit www.integrumesg.com
About CSRHub
CSRHub offers the most comprehensive global set of Consensus ESG (Environmental, Social, and Governance) ratings, information, and tools. CSRHub’s business intelligence system measures the ESG business impact that drives corporate and investor sustainability decisions. Founded in 2007, CSRHub covers 56,545 public and private companies, and provides ESG performance scores on over 37,899 companies from 135 industries in 210 countries. Our Big Data platform uses algorithms to aggregate, normalize and weight ESG metrics from 957 sources to produce a strong consensus signal on corporate sustainability performance.
For more information, visit www.csrhub.com
Media Contact
Harish Karunalingam
Integrum ESG
[email protected]
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