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Sponge Meme Coin Price Jumps 178% After V2 Upgrade Announcement




NEW YORK, Dec. 29, 2023 /PRNewswire/ — Meme coin $SPONGE is upgrading to a new version of the token as it pivots to target the crypto gaming space.

The news appears to have been well received by the marketplace, with the coin up 178% since December 22 2023, currently trading at $0.0004043.

Sponge was originally launched in May 2023 in the depths of the bear market, but despite that backdrop was able to achieve price gains of nearly 100x. 

Such was the excitement surrounding the $SPONGE launch, it even featured in the New York Magazine‘s Intelligencer section – widely read on Wall Street and beyond.

Here’s How to Get Hold of Sponge V2

To get hold of Sponge V2 you need to do one of two things:

  • Buy and Stake Sponge V1 through the websites buy widget
  • Stake held Sponge V1 through the website
  • The more V1 tokens staked, and the longer the duration, the more V2 tokens that can be earned.

Once the remaining supply of SpongeV1 is sold, Sponge V2 will be available to claim.

Important Information

  •  All V1 tokens sent to the V2 staking pool will reserve an equivalent amount of V2 tokens and earn V2 tokens according to the variable annual percentage yield (APY).
  • The more V1 tokens that are staked, the more V2 tokens will be earned.
  • Staked V1 tokens will be permanently locked, meaning they can never be withdrawn or sold. Sponge V1 tokens will no longer be supported other than for staking once Sponge V2 is launched.

Sponge is BACK Bigger and Better, Absorbing all the Damp

Styled as the Krabby Patty of community driven meme coins, Sponge is ‘back bigger and better than ever’ says the website.

Unlike with Sponge V1, this time, the token launches at the beginning of the next bull market with the introduction of play-to-earn (P2E) gaming utility to its ecosystem.

Interested parties can buy or stake $SPONGE using the widget on the website to receive the equivalent amount of bonus V2 tokens.

Token holders can keep their V1 Sponge staked to receive earn more Sponge V2. Bought tokens can be viewed on the Staking V2 dashboard, and can be claimed once SPONGE V2 launches.

Upcoming P2E Game Changes Everything

Sponge V2 is bringing exciting utility to the new token! The team is developing a bespoke Play-to-Earn (P2E) game adding more fun and addictiveness to the Sponge ecosystem.

Users will be able to earn $SPONGEV2 tokens by playing the game and ranking on the leaderboard.

There will be a free and paid version of the new Sponge P2E game. Users can play for fun on the free version, or use $SPONGEV2 tokens to purchase game credits. These game credits allow users to play to earn more $SPONGEV2 tokens.

With the added utility of the $SPONGEV2 token, which now enables holders to earn more tokens in-game, Sponge V2 is bringing unrivaled value to the meme coin community. More details about the game will be announced on our social channels closer to the release date.

Sponge V1 to V2 Bridge – Stake to Bridge

Holders: If users are holding original $SPONGE tokens, they must stake them in the V2 smart contract via the website home page to secure their share of the V2 token once it launches. Staked V1 tokens will accrue V2 tokens until the moment the new Sponge V2 token launches.

New Buyers: If users don’t hold any tokens, they can buy $SPONGE via the homepage widget. Purchased tokens will automatically be staked in our V2 smart contract to secure a share of the V2 token once it launches. Staked V1 tokens will accrue V2 tokens until the moment the new Sponge V2 token launches.

Current Stakers: If users are staking original $SPONGE tokens, they must withdraw them from the V1 staking contract and stake them in our V2 smart contract via the website homepage to secure their share of the V2 token once it launches. Staked V1 tokens will accrue V2 tokens until the moment the new Sponge V2 token launches.

Since this method of bridging to a new token is not common in crypto, the following points are important to reiterate regarding the bridging process from Sponge V1 to Sponge V2:

  • Exclusive Launch: $SPONGEV2 can only be earned by staking $SPONGE.
  • Buy & Stake Bonus: Buy and stake $SPONGE for a special bonus in $SPONGEV2.
  • Permanent V1 Lock: Staked $SPONGE tokens are locked up permanently. V1 tokens will be phased out post-V2 launch.
  • Passive V2 Rewards: Keep $SPONGE tokens staked to increase holdings over a 4-year period, starting at a minimum of 40% APY.

When Users Can Claim SpongeV2

Once the staking period is over, users will be able to claim their Sponge V2 tokens via the Sponge website. Dates and times will be announced on our social media channels in due course.

Introducing The Sponge V2 World of Gaming to Come

SpongeV2 is part of the new wave of meme coins that offer real utility value to users and owners of the token.

Sponge V2’s roadmap is a three-stage process. Stage 2 begins with the opening of Sponge V2 claiming and the listing of the coin.

Stage 3 includes Tier 1 centralised exchange listings and the launch of the Sponge Game App.

Sponge V1 can be bought direct on the website or at top exchanges such as Gate, MEXC, BitGet, CoinW and Poloniex.

Disclaimer: Sponge token has no connection or association with the Nickelodeon-created and owned Spongebob cartoon character and TV show.

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Sponge price has jumped 178% following the announcement of the upgrade to Sponge V2 and play-to-earn gaming

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Validation Cloud Secures $5.8 Million in Inaugural Funding to Propel Web3 Infrastructure




ZUG, Switzerland, Feb. 28, 2024 /PRNewswire/ — In a significant stride towards revolutionizing Web3 infrastructure, Validation Cloud has proudly announced the successful closure of its first external investment round, amassing $5.8 million. Spearheaded by San Francisco-based Cadenza Ventures, this funding round exceeded expectations with contributions from an impressive roster of international investors, including Blockchain Founders Fund, Bloccelerate, Blockwall, Side Door Ventures, Metamatic, GS Futures, and AP Capital.

Alex Nwaka, Co-Founder of Validation Cloud, expressed enthusiasm about the funding, “This investment marks a pivotal moment for Validation Cloud as we aim to address the urgent demand for scalable and compliant Web3 infrastructure. We’re honored to collaborate with our investors who are instrumental in propelling the global adoption of our platform among cutting-edge networks, developers, and asset managers.”

Validation Cloud is at the forefront of Web3 technology, having developed an innovative system architecture that paves the way for significant advancements in the sector. Known as the “Cloudflare of Web3,” the company offers a robust, scalable, and intelligent platform providing Staking, Node API, and Data services, drawing inspiration from Cloudflare’s transformative impact on Web2 infrastructure.

Founded by veterans in the Proof-of-Stake domain, Validation Cloud boasts a team of highly experienced professionals from renowned organizations such as Uber, Workday, Deloitte, Citadel, Morgan Stanley, Binance,, Figure, R3, and more, emphasizing a talent-first approach with a worldwide workforce.

Kumar Dandapani, Managing Partner at Cadenza Ventures, highlighted the strategic vision behind their investment, “At Cadenza, we do not invest in just any company; we invest in the future of transformative technologies. Validation Cloud’s pioneering role in Proof-of-Stake and their relentless pursuit of next-generation Web3 infrastructure have set them apart as leaders in the Web3 space.”

Aly Madhavji, Managing Partner at Blockchain Founders Fund, shared his thoughts on the investment, “We believe in the transformative power of Web3 and its ability to redefine how businesses operate. Investing in Validation Cloud aligns perfectly with our vision of supporting innovative platforms that are ready to lead the next wave of digital transformation.”

Validation Cloud has earned a reputation for its close partnerships with networks from their nascent stages, supporting a wide array of ecosystems from established ones like Chainlink, Hedera, and Stellar to emerging networks such as Aptos, Eigenlayer, and Berachain. Their platform lays the groundwork for the enterprise adoption of networks, positioning Validation Cloud as a key player in the Web3 infrastructure landscape.

For further details on Validation Cloud and its offerings, please visit

Please contact: Kelly Clark, Director of Communications | [email protected] 

Funding Announcement for Validation Cloud by Alex Nwaka

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Klarna says its AI assistant does the work of 700 people after it laid off 700 people





The Swedish fintech, which was criticized for its handling of a dramatic staff reduction in 2022, is touting new efficiencies powered by OpenAI.

Klarna is bullish on bots.

One month after taking its OpenAI-powered virtual assistant global, the Swedish buy-now, pay-later company has released new data touting its ability to handle customer communications, make shoppers happier, and even drive better financial results.

The app-based AI chatbot already handles two-thirds of all customer service chats, the company said Tuesday—some 2.3 million conversations so far—with the virtual assistant earning customer satisfaction ratings at the same level as human agents. Klarna, which is expected to go public this year and will need all the hype it can get at a time when investors have been generally frosty toward IPOs, estimates that the chatbot could help improve its profits by $40 million in 2024.

Announcing a partnership with OpenAI early last year, Klarna said it was one of the first companies to integrate the firm’s groundbreaking ChatGPT technology into a plug-in for shopping. The natural-language interface initially helped customers choose items and make other shopping-related decisions based on personalized queries, a feature Klarna described as “smooth shopping.”

The company has continued to build out its AI offerings since then. Its app-based assistants are now available to customers worldwide and handle a variety of tasks including refunds, cancellations, and even disputes.

Klarna boasted in its announcement on Tuesday that the AI assistant “is doing the equivalent work of 700 full-time agents.”

That statement may raise eyebrows for anyone who remembers the middle of 2022, when the company laid off roughly the same number of employees, then about 10% of its staff. At the time, CEO Sebastian Siemiatkowski cited economic uncertainty, inflation, and the likelihood of a recession as reasons for the cuts. He was criticized for his handling of the staff reduction after he shared a public spreadsheet on LinkedIn that contained the names of many of the laid-off workers.

Fast Company asked Klarna how the company arrived at its calculation for its AI assistant’s human-equivalent productivity. The company said the number of equivalent jobs the AI could perform wasn’t related to the layoffs. In a statement, a spokesperson said the company’s customer service is supported by four to five large third-parties that collectively have over 650,000 employees, and that it offers customers the option to speak with human agents if that’s what they prefer.

“This is in no way connected to the workforce reductions in May 2022, and making that conclusion would be incorrect,” the statement read. “We chose to share the figure of 700 to indicate the more long-term consequences of AI technology, where we believe it is important to be transparent in order to create an understanding in society. We think [it’s] important to proactively address these issues and encourage a thoughtful discussion around how society can meet and navigate this transformation.”

Companies have used chatbots for years to handle low-level customer queries and other interactions, although these tools are expected to become more versatile in the wake of advancements in artificial intellegence.

Source: Fast Company

The post Klarna says its AI assistant does the work of 700 people after it laid off 700 people appeared first on HIPTHER Alerts.

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KAPSARC Launches Saudi Arabia’s First School of Public Policy



  • Inspired by His Royal Highness, the Minister of Energy, Prince Abdulaziz bin Salman Al Saud’s passion for education, human capital development and innovation, the KAPSARC School of Public Policy (KSPP) was founded as the first institution in Saudi Arabia dedicated to graduate studies and executive education in public policy.
  • Through its academic offerings, KSPP empowers individuals to tackle pressing public policy challenges and embrace the promising opportunities shaping the future.
  • KSPP’s facilities will run on 100% renewable energy, setting a precedent as one of the first net-zero facilities in the Saudi educational sector.

RIYADH, Saudi Arabia, Feb. 28, 2024 /PRNewswire/ — The King Abdullah Petroleum Studies and Research Center (KAPSARC) has been granted an establishment license for its School of Public Policy (KSPP) after the recent approval by the Council of Ministers, and which was announced during the Human Capability Initiative (HCI) on February 28, 2024, conducted under the patronage of Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Prime Minister, and the Chairman of the Human Capability Development Program Committee, one of Saudi Arabia’s Vision 2030 Realization Programs.

Aiming to set new standards in policy studies, the school offers a two-year master’s degree and executive education programs designed to enable and empower future policy leaders and professionals within Saudi Arabia and globally to address the most pressing domestic and international public policy challenges in the public, non-profit and private sectors.

This significant achievement was announced by His Royal Highness, Prince Abdulaziz bin Salman Al Saud, the Minister of Energy, Chairman of the Board of Trustees of KAPSARC: “The vision for KAPSARC School of Public Policy is to develop the knowledge and skills that the new generation needs to shape public policy both locally and globally. Our mission is to empower and equip future policy leaders and professionals within Saudi Arabia and internationally to make informed socio-economic decisions.”

In a statement on the sidelines of the school’s launch, Fahad Alajlan, President of KAPSARC, stressed the Center’s mission to impact public policy on national, regional, and global levels. “Our new School of Public Policy will equip future leaders with the right skills to create data-driven and evidence-based public policy in line with Vision 2030 goals.”

Dr. Ghadah Alarifi, Founding Dean of KSPP, stated that, “Public policy serves as the foundation of societal progress. At KSPP, we aim to be a catalyst for collaboration, building a robust ecosystem that bridges academia, industry, and government in the public policy arena.”

By leveraging KAPSARC’s network, KSPP provides a platform for global engagement and career growth opportunities, offering practical application and flexible courses tailored to empower policymakers in different tracks including energy policy.

The school is committed to achieving high sustainability standards in the Saudi educational sector, including the goal of running on 100% renewable energy. This dedication ensures that KSPP meets its annual energy needs through on-site renewable resources, eliminating the use of fossil fuels.

For more information about KSPP, visit

Follow KSPP on social media:

  • LinkedIn: @ KAPSARC School of Public Policy


KAPSARC is a leading think tank dedicated to advancing knowledge on energy, environment, and regional economic issues. Accredited observer of UNFCCC, KAPSARC actively contributes to global climate action. The mission of KAPSARC is to advance Saudi Arabia’s energy sector and inform global policies through evidence-based advice and applied research. For more information about the center please visit:

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