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Crypto Billionaire, Mike Novogratz Collaborates with Rotary Fund to Launch His NFT for Charity
London, United Kingdom–(Newsfile Corp. – December 17, 2021) – Mike Novogratz, a crypto billionaire has come out to announce
Figure 1: Crypto Billionaire, Mike Novogratz Collaborates with Rotary Fund to Launch His NFT For Charity
Rarible is a multi-chain NFT marketplace with Ethereum, Flow, and Tezos integrated. The platform has $274 million in trading volume, over 400k NFTs created, and 1.6 million total users. The sale will be an auction, and every sale will go to charity with the help of the Rotary Fund.
Whoever buys the NFT will get an exclusive metaverse version of Mike Novogratz himself. The buyer will also be invited to join the Rotary club, which is made up of investors, entrepreneurs, big benefactors and many others. The Club pass makes it possible for people to attend Rotary events all over the world, usually it’s given to a person who donates more than $100,000 in total and it can be re-sold with the NFT token in the future.
The NFT launch is also supported by X10 Agency, one of the leading blockchain and crypto PR agencies worldwide, and has worked with big names in the crypto industry.
Details About the NFT Launch
The Mike Novogratz NFT auction will begin December 21, 2021, at exactly 10 AM UTC and will end December 23, 2021, at 10 AM UTC. Anyone and everyone can participate in the auction to own the Mike Novogratz NFT and the benefits that come with it.
It is not everyday that one gets exclusive access to seasoned and experienced investors and business moguls. However, this benefit awaits anyone who buys the Novogratz NFT. The person is not just buying a non-fungible token; he is also buying “access to billionaires”.
The auction will be available here: https://rarible.com/rotarynft.
Who is Mike Novogratz?
Michael Edward Novogratz hails from the United States and is currently the CEO of Galaxy Digital Holdings, which focuses on cryptocurrency investments such as Bitcoin and Ethereum. He is an ex-hedge fund manager and was ranked a billionaire by Forbes in 2007 before the global financial crisis of 2008. However, he regained his fortune after investing in digital currencies. In 2017, Mr. Novogratz stated that 20% of his net worth was in Bitcoin and Ethereum. He went ahead to reveal he made $250 million from cryptocurrency from 2016 to 2017. This is proof that he is not new to the crypto space, and he certainly understands the industry.
About Rotary Fund
Rotary Club Kyiv International is a part of Rotary International, an international non-governmental organization uniting Rotary Clubs all around the world. They are a network of non-religious and non-political charitable organizations for all countries, regardless of racial affiliations, religion, and political views. As a community, Rotary has served for more than 115 years in more than 200 countries.
The world’s first service club, the Rotary Club of Chicago, Illinois, USA, was formed on February 23, 1905, by Paul P. Harris. The name “Rotary” was derived from the early practice of rotating meetings among members’ offices. Currently, 35,000 plus Rotary Clubs exist in over 200 countries and territories. The principal motto of Rotary is “Service Above Self”.
Media Contact
Contact Person: Felix
E-mail: [email protected]
Website: https://rarible.com/rotarynft/ / https://x10.agency
Twitter: https://twitter.com/novogratz
LinkedIn: https://www.linkedin.com/in/novogratz
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/107999
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South African fintech Lesaka snaps up Adumo in $86m deal
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AI-powered Panax raises $15m to reshape cash flow management
Panax, a pioneering FinTech firm, has recently announced the successful completion of a $15 million funding round, with Team8 and TLV Partners leading the investment charge.
Founded by Noam Mills (CEO), Sefi Itzkovich (CTO), and Niv Yaar (CBO), Panax specializes in offering an AI-driven cash flow management platform tailored to cater to the needs of mid-market and large enterprises grappling with intricate treasury management requirements. The platform consolidates data directly from banks and ERP systems, providing users with real-time access to crucial cash positions and insights.
As finance teams face mounting challenges in managing multiple bank accounts, disparate fintech solutions, diverse locations, currencies, and entities, Panax’s platform emerges as a comprehensive solution. Customers have reported notable savings on interest payments and increased cash investments in interest-bearing accounts, owing to the automation capabilities of Panax’s platform, which streamlines processes and allows teams to redirect their focus towards strategic activities.
Mackenzie Moore, VP of Finance at Oddity, a publicly traded company in the U.S., lauded the platform’s effectiveness: “The automated data collection and analysis, along with proactive alerts, have helped us automate our cash policies. This not only saves us money but also frees up many hours of manual work that we can now allocate to more strategic pursuits.”
Panax aims to bridge the gap in the market by providing simpler and more accessible solutions tailored for lean finance teams. Leveraging Open Banking and GenAI technologies, the company streamlines and automates financial processes, thereby enhancing operational efficiency.
Recognizing financial forecasting as the top use case for AI in corporate finance, Gartner acknowledges Panax’s utilization of AI to bolster various capabilities, including transaction categorization, proactive reporting, and trend analysis.
The $15 million funding infusion is poised to accelerate Panax’s growth trajectory significantly. It will facilitate the scaling of sales and support teams, the establishment of a New York City office to strengthen the company’s U.S. presence, and an increase in product development resources to cater to the burgeoning market demand for its advanced treasury management solutions.
CEO Noam Mills underscored the company’s mission, stating, “In our previous roles, we witnessed firsthand the challenges faced by finance teams in companies with complex treasury operations. That’s why we founded Panax.”
Panax’s notable achievement of doubling its customer base in the first quarter of 2024 attests to its rapid traction in the market, positioning it as a prominent player in reshaping cash flow management and treasury solutions.
Source: fintech.global
The post AI-powered Panax raises $15m to reshape cash flow management appeared first on HIPTHER Alerts.
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