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ARTEIA launches its utility token, ARTK, and a peer-to-peer platform

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Arteia announces the launch of its ICO (Initial Coin Offering). Arteia offers the first comprehensive, advanced technology platform set to empower art collectors by linking a collection management system to a matching platform supported by a provenance tracker. Arteia Collect, launched in October 2018, is the ultimate cataloguing solution to manage any kind of collections and was created by collectors for collectors.

Arteia will open at the end of the ICO it’s decentralized platform allowing art market’s actors to interact around a provenance ledger, to share, study, inventorize, lend and trade artworks through matching marketplaces, in a tokenized ecosystem.

Founded in 2016 in Brussels, and with its first product, Arteia Collect, launched in October 2018, Arteia’s project stems from the desire to bring more transparency and more security to the art world, the project is led by a mix of experts from the art, business and tech field. Its founders, Philippe Gellman (CEO), Marek Zabicki (CTO) and Olivier Marian (CSO),are entrepreneurs and experienced collectors.

Unlike any other known project, the Arteia platform’s MVP will be fully functional at the end of the ICO and will already offer the 5 use cases described in the white paper to the token holders.

We raised already EUR 3 million since the creation of the company to develop our working platform and we are onboarding new collectors every week. Now it’s time to rocket our project on an international basis and an ICO seemed the mos accurate way to get the necessary means and develop a whole tokenized eco-system. We will bring more efficiency and liquidity on the secondary market with much lower fees than on the actual Art market and more transparency creating a universal ledger by anchoring in the Blockchain the provenance of Art pieces.

The Arteia solution powered by our ICO is a promise of greater transparency and more equal distribution for the art market,” comments Philippe Gellman, the CEO of Arteia.

Arteia: the solution for an art market looking for innovation

The art market is one of the last still barely touched by the digital revolution. Art is a very profitable asset class, and art sales have been booming in the past years, partly due to the gradual introduction of online sales and online-only auctions.

However, the market lacks transparency related to artwork provenance, price-setting and commission fees. These problems pave the way for blockchain technology to make a critical and long-lasting impact on the industry by bringing more trust and liquidity to the art market.

Arteia has developed an innovative decentralized peer-to-peer service for artists, collectors, and professionals of the fine art ecosystem: a comprehensive platform to serve the needs of all the actors in the art market.

In this sense, we are proud to have already been able to develop partnerships and solutions with key respected actors in the sector, such as our joint venture with Cahiers d’Art, RAISONLINE, that will be the first  digital catalogue Raisonnesolution anchored to the blockchain.

We create the art world of tomorrow

The total pool of token for this operation is fixed at 400,000,000 (four hundred million) ARTK, the Soft cap for this operation is settled at US $3.5 millioand the Hard cap is at US $15 million. 50% of the tokens will be sold during the ICO.

Token prices will be fixed shortly before the pre-sale and the main sale according to BTC and ETH volatily.

This ICO will be one of the first offering where all 5 use cases described in the Whitepaper will be running and available for token buyers at the end of the fundraising sale period when the toekens are issued.

What use for the ARTK token?

The ARTK token will allow its owner to subscribe to and access the platform’s services directly after the ICO. It will also manage the access to the provenance tracker where artists and estates will be able to store publicly and securely the provenance of their artworks.

The five use cases that will be available for token holders will be:

  1. Subscription to the cataloging solution.
  2. Provenance: adding provenance details of an artwork by the users and consulting the provenance of an artwork.
  3. Matching and allowing both parties to agree on the details of a transaction in a secure and trusted environment provided by smart-contracts powered by the ARTK token.
  4. Lending: allowing collectors to safely lend his artworks to museums and exhibitions.
  5. Showcase: creating a public or private showcase and gain recognition or just share the passion.

In the long run, Arteia’s goal is to become a global platform for the art market actors, with a marketplace supported by our provenance ledger, to trade art works in fiat or crypto currencies. Such a platform will help the digital world of token and crypto to connect with the physical field of art.

Cofounded by collectors and engineers, Arteia uses the finest and latest technologies  including blockchain  to suit the needs of all the actors of the art worldOur teams have been working for three years to develop this product, which is already used by artists and galleries. More than 30 000 artworks are already onboarded, explains Philippe Gellman, CEO Arteia

Blockchain technologies for the highest possible level of trust, security and confidentiality

Created by collectors to meet their needs, Arteia knows the extent to which the security and confidentiality of art collections are foremost. This is why Arteia’s access is protected by Two-Factor Authentication and allows the user to decide where the data is stored (on various hosted servers around the world, or on a personal server disconnected from the Internet).

Arteia also leverages on blockchain technologies to develop its artwork provenance tracker, creating an immutable history of each artwork life. This provenance database will serve as a tool to verify the authenticity of an artwork and to establish the value of the piece. Dealing with artworks with a veritable digital identity will also bring higher trust in the platform. Furthermore, blockchain technologies will enable the creation of immutable digital “catalogues raisonnes” by contemporary artists, creating a complete list of all their works in a simple and secure manner.

Arteia’s blockchain infrastructure will allow peer-to-peer connections between art collectors allowing direct sales,and we are looking forward implementing price predictions and trends analysis to help them make better decisions. In this sense Arteia is a real use case for blockchain technologies: offering transparency and liquidity on the market, it will allow people, to use art as an investment in a rapidly changing digital age, points out Marek Zabicki, CTO Arteia.

 

SOURCE Arteia

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/C O R R E C T I O N — Roborock/

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Roborock Reports 2023 Full Year Financial Results

Achieving Record-breaking Financial Success and Reaching Historic High in Total Assets

HONG KONG, March 28, 2024 /PRNewswire/ — Roborock, a global leader in ultra-intelligent home robotics engineered to simplify daily life, today announced its financial results for the full year ending December 31, 2023.

Roborock achieved remarkable financial success during the reporting period, posting revenue of 8.65 billion Yuan (US$1.22 billion), representing a significant 30.55% Year-On-Year increase. The company recorded a net profit of 2.05 billion Yuan (US$288 million), achieving an annual growth rate of 73.32%.

Roborock’s total assets reached an all-time high of 14.38 billion Yuan (US$2.02 billion), reflecting Year-On-Year growth of 32.71%. These achievements solidify Roborock’s position as one of the leading players in the smart vacuum industry. The company also recorded impressive overseas revenue, growing at a rate of 21.42%, while total robot vacuums shipments surpassed 2 million units.

“Ever since we founded Roborock back in 2014, our long-term mindset and unwavering commitment to focusing on delivering true value to our customers is what has gotten us to where we are today. It’s been an amazing journey, and we are truly proud to emerge as a global leader in smart vacuums.” said Richard Chang, Founder & CEO of Roborock.

“As we approach our 10-year anniversary, we are excited to introduce more of our cutting-edge vacuums, including the S8 MaxV Ultra which we unveiled at CES 2024. This flagship innovation represents our most technologically advanced one-stop cleaning solution to date, underlining our focus on enriching future lifestyles within the smart home ecosystem to enhance the quality of life for our customers worldwide.

Financial Performance Highlights

Sales and Net Profit

  • Total revenue recorded was 8.65 billion Yuan (US$1.22 billion)
  • Of this, 4.23 billion Yuan (US$595 million) is attributed to Roborock’s overseas operations, accounting for 49% of total revenue
  • Roborock’s overseas operation recorded a revenue growth of 21.42% compared to the previous year
  • The company achieved a net profit of 2.05 billion Yuan (US$288 million), with an annual growth rate of 73.32%
  • Roborock’s total assets reached a historic high of 14.38 billion Yuan (US$2.02 billion), reflecting a remarkable 32.71% Year-On-Year growth

Growth across Product Categories

  • Roborock’s total robot vacuums shipments surpassed 2 million units, generating an income of 8.09 billion Yuan income (US$1.14 billion) and achieving a Year-On-Year growth of 27.14%
  • Roborock experienced rapid growth across new product categories (product portfolios except robot vacuums), with an income of 554 million Yuan (US$78 million) income and a Year-On-Year growth of 109.4%

Research & Development

  • R&D expenditure amounted to 619 million Yuan (US$87 million), accounting for 7.15% of total revenue. This represents a year-on-year growth of 26.69%
  • During the reporting period, 522 new domestic and overseas patents were filed

Major accounting data and financial indicators in the past 3 years

(Unit: Yuan; Currency: RMB)

2023

2022

Year-On-Year
Growth (%)

Total Assets

14,376,641,614

10,833,053,890

32.71

Net assets
attributable to
shareholders of
listed companies

11,380,526,122

9,556,378,416

19.09

Revenue

8,653,783,788

6,628,716,402

30.55

Net profit
attributable to
shareholders of
listed companies

2,051,217,414

1,183,476,942

73.32

Net profit
attributable to
shareholders of
listed companies
after deducting
non-recurring
gains and losses

1,826,089,668

1,197,719,439

52.46

Net cash flow
from
operating activities

2,185,931,368

1,120,467,567

95.09

About Roborock

Roborock is committed to innovation in researching, developing, and producing home cleaning devices, particularly robotic, cordless, and wet/ dry vacuum cleaners. Every Roborock product has been designed with an eye on solving genuine problems, so Roborock customers can live better lives. Currently, Roborock is available in more than 40 countries, including the U.S., Germany, France, and Spain. The company operates out of four locations, with offices in Beijing, Shanghai, Shenzhen, and Hong Kong. For more information visit https://us.roborock.com/.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars and from U.S. dollars to RMB are made at a rate of 7.1132 Yuan to US$1.00, the spot exchange rate at the annual reporting date of December 31, 2023. The company makes no representation that the RMB or U.S. dollars amounts referred could be converted into U.S. dollars or RMB, as the case may be at any particular rate or at all.

Photo – https://mma.prnewswire.com/media/2374470/Roborock_2023_Financial_Results.jpg

 

 

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Sleep interiors brand gets job offer from Peter Jones despite not securing investment in Dragons Den

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LONDON, March 29, 2024 /PRNewswire/ — Tonight on BBC1, REMY founder Abeer Iqbal, entered the Den, and despite intense grilling and no investment, left with a six-figure job offer from Peter Jones

Abeer’s pitch began with the Dragon’s keen to experience his sleep-enhancing furniture. When Steven and Peter laid on his hero  ‘The Pod’, a reinvention of the beanbag, and under REMY’s best-selling ‘The Lounger’ weighted blankets, the dragons closed their eyes and pretended to snore. Which was ironic, as despite being told he’d enter the Den around 5pm, Abeer actually went in at 9.30pm, after the dragons had been receiving pitches since early that day, which to Abeer’s own admission “wasn’t easy”. Deborah Meaden said, “This might have been a fatal mistake to put your dragons to sleep before we start the pitch” – recognising that it had been a long day.

After 10+ years working in tech, helping multi-million pound businesses grow their empire at software giants like Shopify, Abeer experienced burn-out, which led him to develop REMY. Despite Abeer telling the dragons that he left the high-pressure industry due to stress and anxiety Peter Jones still offered him a job back in the rat race with a six-figure sum (which he still hasn’t taken). 

After leaving the Den, Abeer admitted feeling the “most anxious ever” and that he “just wanted to get back to his wife for a hug”.  Abeer shared, “I didn’t sleep for days, replaying every moment in my mind. I wanted to forget it.” But it’s not all bad, as Abeer explains, “the anxiety I experienced from the Den gave me a lightbulb moment and led me to create our most popular product yet – The Hugger Pillow. I needed a hug, so I created one”. 

Abeer continues, “I returned the next day to collect my items from the studio. I bumped into a fresh-faced Peter and Toukar in the carpark, they both praised my experience, Peter once again offered me a job and Toukar asked me to call him when I start the next business.”

The global ‘sleep economy’ is booming, projected to reach a record high of $585 billion this year. But Abeer felt he was unable to communicate this, “If I could have my time again, I would focus on the industry of Rest and Sleep rather than the specific products we were trying to innovate. I don’t think I articulated to the Dragon’s the size of the business opportunity that there is with REMY. In terms of what’s next, we are moving towards becoming a household name in rest and sleep but offering products in multiple categories.”

The Dragon that seemed to understand Abeer’s passion for this industry was Sara Davies, saying “I actually fundamentally don’t agree with what I’ve heard here. What I see in front of me, yes he is great at the e-commerce side of things but he gave up a career in corporate because he was passionate about this area. And if there’s one thing I know about business it’s that you will succeed when you pursue the thing you are passionate about. I wouldn’t discourage you to give up. Keep doing it and good luck. I think you could sell anything”.

You can watch Abeer Iqbal on Dragons’ Den on BBC iPlayer.

remysleep.com / @WEAREREMY

Photo – https://mma.prnewswire.com/media/2374872/REMY_Sleep_1.jpg

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Bitrue Coin (BTR) Analyzes User Behavior and Announces Upcoming Developments to Enhance Utility

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SINGAPORE, March 29, 2024 /PRNewswire/ — Bitrue, a leading cryptocurrency exchange serving over 10 million users globally, announces a focus on user behavior analysis to further develop the utility of its native token, Bitrue Coin (BTR).

“Understanding how our users interact with BTR is crucial for its continued growth,” states Robert Quartly-Janeiro, Chief Strategy Officer of Bitrue. “This analysis will guide upcoming developments that enhance the value proposition of BTR within the Bitrue ecosystem.”

The announcement follows a recent surge in interest surrounding exchange tokens, and digital assets used to pay for services to unlock benefits within specific cryptocurrency exchanges. Currently, BTR offers a compelling range of benefits to Bitrue users, including:

  • Reduced Trading Fees: BTR holders enjoy lower trading fees on the Bitrue exchange, incentivizing active participation in the platform’s marketplace.
  • Governance Voting Rights: BTR grants voting rights on select new listings, allowing users to influence the direction of the Bitrue platform.
  • Staking Opportunities: BTR holders can stake their tokens to earn passive rewards, providing an additional avenue for generating income within the Bitrue ecosystem.
  • Exclusive Airdrop Potential: BTR holders may be eligible for airdrops of new tokens listed on the Bitrue exchange, offering the chance to discover promising crypto projects early.
  • VIP Investment Caps: BTR unlocks higher investment caps for certain cryptocurrencies on the Bitrue platform, catering to high-volume investors.

“BTR already plays a multifaceted role in the Bitrue experience,” Quarterly-Janeiro continues. “By strategically expanding its utility based on user behavior analysis, we aim to solidify BTR’s position within the exchange token market and elevate its value proposition for our user base.”

The specific developments based on user behavior analysis are not disclosed at this time. However, Bitrue assures its users of continued transparency and will share details in due course.

Media Contact: Lily Ho, [email protected]

View original content:https://www.prnewswire.co.uk/news-releases/bitrue-coin-btr-analyzes-user-behavior-and-announces-upcoming-developments-to-enhance-utility-302103427.html

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