ReelStar Raises $5+ Mn from ITO of ReelToken (REELT)

• Launches ReelStar, ReelToken & ReelPay logo
• ReelStar is the principal sponsor for the Delhi Bulls cricket team
• Also the title sponsor for Nora Fatehi and Guru Randhawa’s The Unity Tour in Australia

The ReelStar app, India’s most advanced Web3 integrated social media platform, announced that it has raised over USD 5 mn from the Initial Token Offering (ITO) of its utility token ReelToken (REELT). ReelToken is based on a multi-blockchain platform and architecture. It uses the Polygon (MATIC) and Binance Smart Chain (BSC) extensible to multiple blockchain networks.

ReelStar is an ‘everything app’ with integrated multiple social media, Web3 and payment functionalities. It features in-app tailor-made NFT creation features, Smart Contract customisation and an NFT Marketplace in an easy-to-use Android and/or iOS environment. The app provides creators (at any level) with the needed in-app tools and global access to consumers other without requiring large budgets or technical knowledge. This will democratise and level the playing field for User Generated Content (UGC). Best of all every creator can easily monetise their content!

Well-known industry leaders attended an event, ReelTalk, in Melbourne, Australia organised by Reel Star. Topics presented and discussed included Web3 integration with social media and its importance as a game changer for the media and entertainment industry especially relevant to India but with global application.

Former Indian cricketer, Irfan Pathan, was just one of the celebrities that graced the event where Navdeep & Nick the Co-Founders of ReelGroup were excited to reveal the logos of ReelStar, ReelToken & ReelPay. The philosophy behind the logo was revealed; the Reel Mark is formed using an alphabet R enclosed in square with 2 sharp edges and 2 rounded edges. The sharp edges stood for the group’s commitment to transparency & fairness while the rounded corners stood for politeness & adaptability to the future world. These all underpin each company’s user-centric values and approach.

Speaking, at the event, after a successful ITO, Co-Founder, Navdeep Sharma, said, “ReelStar aims to energise and reinvigorate the global media and entertainment industry. Our app will provide a global platform for creators thereby enabling a positive network of communities that inspire connection, collaboration and inclusion. Our UVP lies in our seamlessness and our easy-to-use platform that is accessible to almost everyone to create, collect, trade, and monetise an exciting array of NFTs and User Generated Content.”

India has the second-largest media and entertainment industry in the world. Indian revenue is estimated to be USD 30+ bn by 2023 with 900 mn users by 2025. ReelStar is already working closely with key industry players to give access for both fresh new talent and reinvigorate industry veterans to showcase their art to a global audience on the platform and be rewarded for doing so.

ReelStar will be the main sponsor of the Indian Sneaker Festival happening in December 2022, it is also the principal sponsor for the Delhi Bulls cricket team and is organizing the ReelStar cup to be hosted in the UAE. It is also the title sponsor for Nora Fatehi and Guru Randhawa’s The Unity Tour in Australia.

Following on from the ITO, Reel Star aims to raise an additional USD 31.275mn via staged releases to the public. It has established a capped supply of 15 bn REELTs, of which 5% will be in the first series of releases.

ReelStar’s board of advisors include global crypto leaders like Evan Luthra, Naveen Kapoor and Indian-American serial entrepreneur Ms. Nikita Sachdev, among others.

About ReelStar:

ReelStar is India’s latest Web3 integrated social media platform, created with a revolutionary vision to globally democratize access to Web3, metaverse and future technologies. The company’s goal is to bring the ‘everything app’ - a functional, easy to use, private and secure social media, video streaming, messaging and payments platform that is the bridge to the Web3 Metaverse beginning with our NFT minting and open NFT market place/platform. Indian, born and raised, serial entrepreneurs, Navdeep Sharma and Nick Bahl, now based in Australia are the co-founders of this breakthrough app. The entire Reel Star ecosystem is powered and enabled by the blockchain utility token, ReelToken (REELT).

Web3 Integrated Social Media Platform ReelStar Announces Initial Token Offering of ReelToken

ReelStar announces Initial Token Offering of ReelToken

• ReelStar app is India’s latest Web3 integrated social media platform
• Aims to democratise access for content creators, content consumers, and enhancers
• Board of advisors include global crypto leaders like Evan Luthra and Nikita Sachdev among others

The ReelStar app, India’s latest Web3 integrated social media platform, launches the ReelToken (REELT). In its Initial Token Offering (ITO), ReelStar aims to raise USD 4.98 mn via private sale and an additional USD 31.275mn via public sale. It has established a supply of 15 bn REELTs, of which 5% has been capped for the ITO and private sale.

The co-founders are, Indian born and raised, serial entrepreneurs, Navdeep Sharma and Nick Bahl. Currently based in Australia they have planned and designed the ReelStar app as an ‘everything app’ with multiple social media and payment functionalities integrated with an access ramp to the Web3 Metaverse/Omniverse. It will feature in-app NFT creation feature and an NFT Marketplace in an easy to use and familiar environment for both Android and iOS devices. NFTs made within the app can be integrated with extensive smart contract technology irrespective of the format or style of social media content. The social media functionality incorporates the best features of multiple existing apps in a single app. ReelStar app’s payment functionality works through the built-in digital wallet that can store fiat as well as digital assets, such as, coins and tokens including NFTs and provides access to the global utility of a Debit Card and fiat currency.

Creators and artists, irrespective of their medium, can use the ReelStar App to mint their own NFTs, build in smart contract functionality and monetise their creative efforts by selling or trading NFTs on the ReelStar NFT marketplace. By incorporating all this functionality into a smartphone app, almost anyone can enter the media and entertainment industry, and have access to a global market for their creative output. This democratises and levels the playing field, providing creators and consumers global access to each other without requiring a large studio or corporate middle-man.

The ReelToken which underpins the ReelStar app and ecosystem is based on a multi-blockchain platform and architecture. As a token, REELT is unique due to its integration with ReelStar’s proprietary technology stack which efficiently fuels the app’s ecosystem facilitating its seamless usage by both creators and consumers.

Navdeep Sharma, Co-Founder, Reel Star, said, “Our app will provide global opportunities as well as a Web3 passport to every creator and artist. Anyone with a flair for artistic creativity or a knack of entertaining an audience is warmly invited to join our platform. Through the platform they have access to a global audience, can cost-effectively scale their fan base and monetise their creative output. We offer a plethora of Web 2 and Web3 monetisation options, which can be customised to maximise both benefits and returns for consumers and creators. Creators can seek patronage as well as share returns and profits with their patrons through our platform with the utmost of transparency and efficiency through smart contract technology and controls present within the ReelToken ecosystem.”

ReelStar’s board of advisors include global crypto leaders like Evan Luthra and Indian-American serial entrepreneur Ms. Nikita Sachdev, among others.

Nick Bahl, Co-Founder, Reel Star, said, “The Indian media and entertainment industry is ready for significant growth between 2022 and 2025, a growth primarily delayed owing to the pandemic. Our app and ecosystem are designed from the ground up to be fully functional on a mobile platform and therefore almost completely remove the entry barriers to NFT, Web3 and Metaverse/Omniverse technologies. Anyone’s smart phone can now not only deliver social media content and NFTs but also a range of services to a global audience. The ReelToken will invigorate and fuel, at all levels, the next exciting phase of growth for the Indian M&E industry.”

About ReelStar:

ReelStar is India’s first multi-blockchain social media platform, created with a revolutionary vision to globally democratize access to Web3, metaverse and future technologies. The company’s goal is to bring the ‘everything app’ - a functional, easy to use, private and secure social media, video streaming, messaging and payments platform that is the bridge to the Web3 Metaverse beginning with our NFT minting and open NFT market place/platform. Indian, born and raised, serial entrepreneurs, Navdeep Sharma and Nick Bahl, now based in Australia are the co-founders of this breakthrough app. The entire Reel Star ecosystem is powered and enabled by the blockchain utility token, ReelToken (REELT).

Website link: www.reelcrypto.io

Government Should Monitor Tokenization Success and Take Proactive Measures

The year 2019 opened a pandora’s box giving the world numerous problems to deal with, be it the pandemic covid-19, subsequent on and off lockdowns 2020 onwards, or even resultant business shutdowns. While businesses suffered a lot in lockdowns, it also paved the way to digital mode of payments and it was in 2019 that India's central bank, RBI, started an attempt to secure the Digital Payments.

With the increase in usage of digital payments, Reserve Bank of India (RBI) allowed card networks to tokenize debit and credit card in order to continue improving the security and safety of card transactions.

What is Tokenization

Tokenization refers to a process by which a piece of sensitive data, such as 16-digit credit/debit card number, is replaced by a surrogate value referred as a 'Token', that has no intrinsic or exploitable meaning or value.

As per RBI guidelines, payment aggregators, wallets and online merchants (entities in card transaction/payment chain other than card issuers/card networks) cannot store any sensitive card-related customer information including full card details from October 1.

As per RBI, "Actual card data, token and other relevant details are stored in a secure mode by the authorised card networks. Token requestor cannot store Primary Account Number (PAN), i.e., card number, or any other card detail. Card networks are also mandated to get the token requestor certified for safety and security that conform to international best practices / globally accepted standards."

It is to be noted that tokenization is not mandatory for customers. A customer can choose whether or not to let his / her card tokenized. However, RBI encourages cardholders to tokenise their cards for their own safety. 

Besides being more secure, Tokenisation also speed up online payment processing as the customers do not have to enter every time they use it. In addition, in the absence of a card, the token helps the customer complete their transaction, making the process even simpler than before.

Has Tokenization been a success?

While tokenization brings breather for customers it also brought certain issues for merchants/online companies that runs on subscription-based business models such as Netflix, Microsoft, Spotify and Disney, which requires recurring deposits.

In mid of last month, the Merchant Payments Alliance of India (MPAI), an association that represents merchants, requested the RBI to plug issues around recurring payments through tokens before giving effect to the no-card storage rule.

As per media reports, MPAI said that success rates with tokens in testing mode for regular transactions have increased to 70–75 percent as opposed to the previous 65–70 percent. However, this is still lower than the 85-90 percent success rates of transactions executed with card details.

With this introduction of tokenization, while big merchants are not in much distress, smaller merchants are concerned as this would result losses in their revenue they were earning earlier.

The entire industry needs to be prepared

Though the RBI's intent is to ensure consumers' cards data security, there are lack of clarity on operational issues specifically for smaller merchants, since the very beginning when it was made mandatory. The deadline of mandate was extended thrice in last 18 months that created anxiety among smaller merchants and lack of preparedness due to the very fact that all the time durations between the deadlines were short for a massive country like India.

For an era of tokenization to occur a complete overhaul of existing system is what needed it is because all stakeholders in the transaction chain (issuers, acquirer banks, etc.) need to introduce technological infrastructure for meeting the requirements of proposed tokenisation.

Hastiness by RBI and small merchants' unreadiness for implementing tokenisation related infrastructures are two key deadlocks that resulted into chaos and now it's time for government to step in ensure smooth transition of digital payments into TOKENIZED Avataar.

Web3 Infrastructure Token $POKT Lists on KuCoin Exchange

KuCoin users will be able to buy and trade $POKT, increasing mainstream access to Pocket Network’s utility token for decentralized blockchain infrastructure

Pocket Network, a middleware protocol that provides data relays and blockchain infrastructure from a globally distributed network of more than 25,000 full nodes to Web3 applications across 40+ blockchains, including Ethereum, Polygon, BSC, Fantom, Fuse, Avalanche, and Harmony, today announced that its native token $POKT will be listed on the popular KuCoin exchange. $POKT is a utility token that enables a two-sided, permissionless marketplace where app developers can access blockchain data via Pocket Network by staking $POKT tokens; and node runners can earn $POKT rewards for servicing these developers’ data requests, therefore incentivizing the entire ecosystem.

Listing on KuCoin provides a new venue to trade via a secure exchange using the trading pair POKT/USDT. The listing comes as Pocket Network is experiencing exponential growth, with the number of monthly data relays being serviced by its node runners more than tripling since the beginning of the year, and the network regularly handling more than one billion daily relays.

“Pocket Network has been one of the best-kept secrets among top infrastructure services like AWS and Azure. To date, $POKT has only had niche availability; however, listing on KuCoin is our first step toward providing our solution to a broader investing audience,” said Michael O'Rourke, CEO and Founder at Pocket Network. “We’re extremely proud of how well Pocket Network has been performing and scaling, and we’re confident this listing will help further our mission to provide the best blockchain data ecosystem for Web3 applications.”

$POKT trading will be enabled on KuCoin on October 19th, with a trading competition also taking place through October 26th. $POKT is also listed on a number of other exchanges, including Huobi, Gate.io, Okcoin, MEXC, BTCEX, Btok, Bybit, ZB, Bitget, and Bitrue.

To learn more about Pocket Network, please visit https://www.pokt.network/. Also, join the Discord group and follow Pocket Network on Twitter and Telegram for more updates. 

About Pocket Network

Pocket Network, a blockchain data ecosystem for Web3 applications, is a platform built for applications that uses cost-efficient economics to coordinate and distribute data at scale. It enables seamless and secure interactions between blockchains and across applications. With Pocket, the use of blockchains can be simply integrated into websites, mobile apps, IoT, and more, giving developers the freedom to put blockchain-enabled applications into the "pocket" of every mainstream consumer. For more information visit pokt.network.

VCORE Metaverse Token Continues Presale Success with Animoca Brands, BITKRAFT Ventures, Meta Impact Capital, Immutable X and others

Joining leading crypto investors Sky9 Capital, Rosemoor Digital Assets, Mirana Ventures, and more in supporting VCORE to power the crypto metaverse

MetaJuice, the blockchain-oriented subsidiary of Together Labs, today announced that it has closed its final VCORE presale. Strategic presale investment partners include some of the largest players in the crypto-metaverse, including Animoca Brands, Meta Impact Capital, BITKRAFT Ventures, Blockchain CoInvestors, Immutable X, DWeb3 Capital, Rosemoor Digital Assets, Peer Ventures, and Mirana Ventures. The investment will fuel the development of VCORE (www.getvcore.io), an ERC-20 token that will power the future of the metaverse by rewarding active, international players, creators and earners.

“We feel very fortunate to have VCORE and our move to Web3 backed by the leaders in the crypto-metaverse, crypto-gaming and blockchain assets spaces,” said John Burris, President and Founder of MetaJuice. “With the support of these strategic VCORE buyers, we feel very confident in our ability to bring VCORE to one of the largest social metaverse platforms in the world - IMVU”

VCORE is a community-driven metaverse token, designed to power any virtual world's economy by rewarding users for their engagement. This engagement is an integral part of the metaverse social/game play, creator led economy and governance. VCORE will soon launch in IMVU, the world’s largest social metaverse and top-grossing social app, with a thriving virtual goods and services economy that includes over 200,000 active creator/earners and over 1,000,000 daily active users. VCORE will first be available for purchase worldwide to IMVU users resident outside of the U.S. and Canada.

“We see a lot of impressive tokens and projects in the crypto-metaverse space that have the potential to be transformative for the industry,” said Robby Yung, CEO of North American operations of Animoca Brands. “What we really like about VCORE is that it will be integrated into an already massive global community with a high velocity metaverse economy, which right now sees 15 billion game credits exchanging hands every month. VCORE will immediately open up ownership and utility to millions of players.”

Participants in the strategic presale include:, 

Animoca Brands, a global leader in gamification and blockchain with a large portfolio of over 380 investments. Its mission is to advance digital property rights and decentralized projects to help build the open metaverse.

BITKRAFT Ventures, one of the largest gaming centric venture funds in the world, with a crypto-gaming/metaverse portfolio that gives them unique insight into the future.

Immutable X, the leading Layer 2 Ethereum-scaling solution offering innovators and builders incredible speed, security and liquidity across digital worlds.

Mirana Ventures, venture partner of Bybit and BitDAO, an early stage crypto fund dedicated to supporting companies, protocols, networks and DAOs in the transition toward a more decentralized society.

Rosemoor Digital Assets SPC, a fund managed by Rosemoor Capital, an early stage venture capital fund.

Meta Impact Capital, a venture capital fund that invests in exceptional companies and founders that are building infrastructure that will support growth of Web3.0 and the metaverse.

Blockchain CoInvestors, a team dedicated to providing broad coverage of the emerging unicorns and fastest growth blockchain companies and crypto projects.

DWeb3 Capital, a digital fund focused exclusively on digital assets related to Decentralized Finance, WEB 3.0 and NFT.

Peer Ventures, an early stage venture capital firm focused on opportunities in peer-to-peer assets, marketplaces, and technology.

BITKRAFT Ventures, Mirana Ventures, Peer Ventures, and Rosemoor Digital Assets also participated in the oversubscribed first VCORE presale in 2021, along with other industry leaders including Sky9 Capital, Executives at GoldenTree Asset Management, Jump Capital, Meteoric Labs, and Cointelligence.

"Since we launched MetaJuice in 2021, it has been a company of firsts," said Daren Tsui, CEO of Together Labs. "VCOIN was the first token to receive a no-action letter from the Staff at the SEC and now has nearly 1 million active wallets. MetaJuice is soon to complete one of the largest adoption events to date for NFT technology as it introduces NFTs into the IMVU platform. And now MetaJuice has successfully closed a highly strategic round for VCORE, the first token to launch into a massive existing metaverse economy. MetaJuice and Together Labs are poised to revolutionize the crypto-metaverse.

For more information on VCORE, visit www.getvcore.io.


About MetaJuice

MetaJuice (www.metajuice.com) is unlocking the value of the metaverse. By building blockchain-driven economies where everyone can own, earn, create and shape the future metaverse, MetaJuice will realize its vision of opening the metaverse and creating a world where users, players and creators can participate and share in its success. MetaJuice has launched VCORE, VCOIN, and NFT assets. MetaJuice is the blockchain-oriented subsidiary of Together Labs, whose portfolio includes IMVU, the world’s largest friendship discovery and social avatar metaverse.

About VCORE

VCORE is an ERC-20 token that rewards the community, creators and earners as they build the future Metaverse. VCORE will first be integrated directly into the massive IMVU metaverse and empower the international community to shape the future economy. Along with VCOIN and NFTs, VCORE is another essential building block to accelerate the transition to a complete blockchain economy, setting the new economic standard. VCORE will be available outside the US and Canada. For more information, visit www.getvcore.io

About Together Labs

Together Labs is a leading technology company dedicated to empowering people to connect, create and earn in the metaverse through a portfolio of companies that include IMVU, the world’s largest friendship discovery and social avatar metaverse; WithMe, a social metaverse built on insights from the science of friendship; and MetaJuice which is crypto-enabling the metaverse with compliant blockchain assets, such as NFTs and meta-tokens that unlock the full value of the metaverse.

Web3 Token-powered Social Platform Taki Opens Access to All

Taki offers freedom from the waitlist and is now open to the masses, those interested can now go and sign-up on the platform.

New users can join as early as possible to claim their unique desired name for their own $USERCOIN before anyone else chooses the same coin.

Taki invests in technologies to increase transparency by protecting user data, providing security tools, and adding features to support content creators for wealth generation

Taki, a global crypto-token-powered social network has announced its Beta release, including the opening of its platform to the public including content creators and users. With the removal of the waitlist, interested people can now freely go and sign-up on the website which was an invite-only platform until now. Taki is granting phased access to more than half a million new enthusiastic users who have been on the waitlist. The Beta launch delivers the Taki community a new range of exciting features which will enhance the user experience, safety, and transparency.

Taki is offering the opportunity for people to own their unique desired $UCOIN (Usercoin). They can now access Taki with no waiting and register before anyone else takes their desired name. A $USERCOIN will be created once a particular individual verifies them on the platform. Over 56,779 unique user coins have been generated so far.

With the launch of the Beta phase, Taki is aiming to engage its users better through social gamified methods where they can earn more rewards in the form of $TAKI by completing some daily basic tasks. In addition, users will be able to keep track of their coin performance and the real-time status of the other $USERCOINS they have invested in. Taki facilitates more ownership and engagement with creators compared to other social networking platforms as there is an economic value attached to even basic actions on the platform such as liking a post, making a comment, or publishing content in general.

Commenting on this new development, Sakina Arsiwala, Co-Founder of Taki said, "The incredible response which we have received from our users has led to this phenomenal growth. We have decided to now open up this platform to the public at large so more people can gain benefit from our platform for wealth generation. We are now moving a significant step ahead in our journey embracing the Web3 ethos to make Taki more user-friendly with crypto-native innovations.

Our focus is on establishing a value-generated creators’ platform to help elevate their experience of creating their own personalized token economies. We want to build a source of daily income for our users. India has great potential and an appetite for creative content consumption, as well as content production. We are already amazed by the response we are receiving, especially from the Asian markets, where India has played a major role.”

India takes precedence and priority among the other markets into which Taki plans to expand this year. Taki puts forward a unique engagement platform for creators, users, and crypto enthusiasts, who can earn a daily income by simply posting content and engaging topics of interest with others.

Taki provides an opportunity for users to build their own user coins ($UCOIN). A user coin is a monetary representation of a user's social network, which can be purchased and sold with the $TAKI token. For creators who have typically relied on sponsored content arrangements, user coins provide a new source of income. These $UCOINS can be further exchanged for $TAKI tokens, which can be transferred to crypto exchanges where users can earn value out of it.

Taki has raised $3.45M in a seed round through 11 marquee global investors in their seed funding series. The round saw participation from key crypto exchanges and investors such as Alameda Research, CoinDCX, Coinbase Ventures,, Formless Capital, Gemini Frontier Fund, Huobi Ventures, Kraken Ventures, Luno Expeditions, OKX Blockdream Ventures, Roka Works, and Solana Ventures,

"It is exciting to see such a positive community response, which encourages us to keep working to best serve the community. We believe Taki will be the first-of-its-kind in bridging the gap between everyday internet users and the booming Web3 experience, especially as the Indian market has the potential to support and grow the global crypto ecosystem,” said Saad Rizvi, Venture Partner at SuperLayer.

About Taki

Taki is a global token-powered social network where everyone can earn a daily income by simply posting content and chatting with others about things that interest them. Users earn $TAKI, a crypto token, by creating content that others enjoy, and by commenting on and liking posts. Taki also allows users to create their own user coins to build their individual token economies on the Taki platform.

About SuperLayer

SuperLayer is a web3 venture studio that builds and supports new multi-chain, tokenized consumer products and applications powered by the RLY protocol. Founded by Kevin Chou and Mahesh Vellanki — the founders of Rally and Forte who have more than $1 billion+ in exits between their combined venture and entrepreneurial experience — SuperLayer works with brand partners and founding teams to facilitate the launch, staffing, go-to-market, compliance, and fundraising for web3 projects. The web3 venture studio’s mission is to onboard the next 100 million people to web3. For more information, please visit www.superlayer.io

Cashfree Payments Partners with NPCI for Tokenization of RuPay Cards

With this partnership, Cashfree Payments becomes a certified and compliant payment tokenization service provider across all key card networks

Cashfree Payments, a leading payments and API banking solutions company, today announced that it has partnered with National Payments Corporation of India (NPCI) to provide tokenization solutions on RuPay cards for its merchants. Cashfree Payments’ tokenization solution ‘Token Vault’ helps merchants to provide their customers the option to save cards on the merchant website or app and process card payments securely while being RBI compliant. With this partnership, Cashfree Payments becomes a certified and compliant payment tokenization service provider across key card networks like RuPay, Mastercard, and Visa.

Token Vault supports all major card types: credit cards, debit cards, prepaid cards, and corporate cards. Businesses can integrate Token Vault API with their platform with a single integration. Once integrated, Cashfree Payments takes care of both saved card function & processing payments.

Akash Sinha, CEO and Co-Founder, Cashfree Payments

Akash Sinha, CEO & Co-Founder, Cashfree Payments said, "We are glad to partner with NPCI to enable tokenization for RuPay cards and empower our merchants with a secure and compliance-friendly payments inflow system. At Cashfree Payments, it is our focus to build innovative and effective solutions, to help provide a simpler, safe and seamless experience to our merchants. Our business, products, vision and mission support a digital and an inclusive Indian economy.”

Gaurish Korgaonkar, Head- Fintech Solutions, NPCI said, "This partnership with Cashfree payments to provide tokenization solutions on RuPay cards will enable cardholders to enjoy a seamless payment experience backed by best-in-class security. We believe that this is yet another step towards further strengthening the overall digital payments environment with increased safety and security. We are confident that this initiative will help various merchants in the digital ecosystem meet the RBI deadline.”

As per RBI guidelines, with effect from 1st July 2022, neither businesses nor payment aggregators can save customer card details on their platforms. The card details can only be saved by the card networks or issuing banks. Card tokenization is the process of replacing sensitive card information like card number, and card expiry with a cryptographically generated random string, referred to as the card token. Once a card is tokenized, the generated card token can be used for processing payments as a substitute to card details, thus eliminating risk of loss of sensitive card information while making card payments.

Cashfree Payments’ was among the first few players in the industry to go live with its tokenization solution in December 2021.

With over 50% market share among payment processors, Cashfree Payments today leads the way in bulk disbursals in India with its product Payouts. Recently, India’s largest lender, SBI invested in Cashfree Payments underscoring the company’s role in building a robust payments ecosystem. Cashfree Payments works closely with all leading banks to build the core payments and banking infrastructure that powers the company’s products and is also integrated with major platforms such as Shopify, Wix, Paypal, Amazon Pay, Paytm, and Google Pay. Apart from India, Cashfree Payments products are used in eight other countries including the USA, Canada, and UAE.

Cashfree Payments is a leading payment and API banking solutions company. It provides full-stack payments solutions enabling businesses in India to collect payments and make payouts via all available methods with simple integration. Cashfree Payments’ offerings include an advanced and easy way to integrate payment gateways, a split payment solution for marketplaces, bank account verification API and Auto Collect -- a virtual account solution to match inbound payments to customers. Founded by IIIT Hyderabad alumnus Akash Sinha and IIT Kharagpur graduate Reeju Datta, www.cashfree.com is among the leading payment service providers in India processing transactions worth USD 20 Billion annually. It has leveraged technology to lead payment disbursals in India with more than 50% market share among payment processors. Cashfree Payments enables more than 1,00,000 businesses with payment collections, vendor payouts, wage payouts, bulk refunds, expense reimbursements, loyalty and rewards. Apart from India, Cashfree Payments products are used in eight other countries including the USA, Canada and UAE. Cashfree Payments is backed by Silicon Valley investor Y Combinator, Apis Partners, State Bank of India (SBI) and was incubated by PayPal.

Unicas To Cease CAS as Its Native Token Post 30th June, 2022

25,00,000 CAS tokens are currently staked by UNICAS users

UNICAS- a crypto friendly financial institution has announced that CAS token by Cashaa will cease to be its native token post 30th June 2022. This announcement comes after both entities decided to dissolve their partnership last week.

After successfully transforming India's crypto-terrain in the last year of operations, Unicas has green-lit a management buy-out and has decided to part ways with the UK-based crypto Neo-banking company.

The company has stated that the management change poses no risks to the user balances, ensuring a smooth transition from its former mode of operation to an independent system. The current CAS token holders will continue to enjoy high interest on their deposits and low interest loans, and trading of CAS shall work as usual on the Unicas platform.

From the first of July, Unicas will release the CAS staked for Standard/ Premium membership and DSA accounts and introduce the new ecosystem. This shall not hinder the user's access or experience of any premium features and services. Standard/Premium account holders will also be able to avail the extended monthly limit for loans, deposits, and withdrawals as customary.

”The Indian market has a huge upside after the recent reforms in the country, due to which we have decided to procure Unicas stakes from Cashaa representatives in India. With an independent ecosystem, we will soon be introducing features and products that we have been working upon for a long time and are ready to launch now. By assuming greater control over the platform, we seek to pave a more dynamic path for Unicas,” said Ms. Sonal Kukreja, Co-founder and CEO of Unicas.

Both the entities are aggressively working towards new developments as they aim at serving the customer base in a holistic manner with their individual set of expertise and approach. Unicas is working to extend its reach and accelerate its progress in the realm of crypto-finance by inaugurating a number of new branches and advancing wallet services across the nation.

About Unicas

Unicas is a cryptocurrency platform offering crypto-backed loans and interest-earning accounts. It is the world's first crypto financial institution with bank-like brick-and-mortar stores to enable accessibility and ease of transition to cryptocurrencies. Unicas allows user to earn high yield interest on stable coins and cryptocurrencies with no lock-in period and avail crypto-collateralized loans without cashing out their crypto holdings.

Website: Unicas.co.in

Kryptrx Users Can Benefit the Premium Utilities From Ethrlin, the Native Kryptrx Token

Kryptrx as an organization itself as well as a central trading entity leveraging Ethereum will be challenging the most orthodox ways like having central business in a decentralized universe. Kryptrx will be launching its own bep-20 token to pour in the liquidity and make the most out of investments.

By carving the term "trust" anew by establishing their own central exchange (kryptrex), with the graphical user interface so simple that even a novice can use it. Futuristic cross-chain compatibility of the platform will bundle up the fragmented liquidity along with best-in-class security policies and regulations to deter hostile attackers and hackers. Kryptrx has actualized the concept of "onionize" into practice to set down the ground rules to mitigate the brute force attack, flexible countermeasures to keep open to mold the policy paradigm according to situation call, and dedicated cyber security teams.

Ethrlin will be resolving the already entangled central exchange market pressure points like lack of liquidity and unorganized, shady documentation acting as quicksand to obscurity in terms of laws, regulations, and policies checkpoints.

Ethrlin and kryptrx have forged a flagship by threading the needle into engraving trust by the implementation of clearly, regulated documentation, policies, and laws that will empower the people to invest in ethrlin and as a result, it will increase the liquidity altogether.

kryptrx will become a bow piercing every possible opportunity with ethrlin as its arrow. It has set its sights on delivering a flawless exchange experience utilizing ethereum's smooth transactions, all while nearly doubling the return. Kryptrex is excited to see the investors go for the stars, which will be done through the futuristic implementation of their well-thought-out strategy for nft development and decentralized exchange.

Token Powered Social Platform Taki Raises $3.45 Mn in Seed Funding By CoinDCX, Coinbase Ventures, Solana Ventures and Others

• Taki is incubated at SuperLayer, a leading Web3 venture studio
• 11 investors have come on-board for this funding investment
• The token-based social networking platform for content creators will utilise the capital for hiring and expansion

Taki, a global token-powered social network, slated to launch in India next month, has raised $3.45M through 11 marquee global investors. The round saw participation from key crypto exchanges and investors like CoinDCX, Coinbase Ventures, FTX, OKX Blockdream Ventures, Solana Ventures, Formless Capital, Gemini Frontier Fund, Luno Expeditions, Huobi Ventures, Kraken Ventures, and Roka Works, reflecting their confidence in the platform and unique proposition that Taki team brings as it plans to enter India.

With this investment, Taki plans to accelerate its product, and technological development and overdrive by directing the funds towards crucial operations such as proactive team building, hiring talent across functions and marketing activities. The company will also expand its presence in other key markets gradually post its India launch and invest in strengthening its creators’ network. These funds will further be extended towards product designing, engineering, Go-To-Market activities, General and Administrative (legal, finance), partnerships, community building and more.

Commenting on the announcement, Sakina Arsiwala, Co-Founder, Taki said “Taki is a work of passion and an amalgamation of vision to bring a new dimension and meaning for social content consumption. We are glad that our investors see a great scope for expanding personal economy space with the power of crypto tokens. Taki is designed to be a secure, safe and tech superior product that enables social enthusiasts to consume, invest, share, transact and build a token-based content portfolio. Taki is the perfect platform for the creators, who wish to increase their network and enable growth for their fan-base too. The burgeoning creators’ economy is making more meaningful contributions towards the businesses at large across the global markets, and are shaping the way content is getting monetised.”

Taki is built with an “EngageToEarn" product design and integrates user coins with social media features to incentivize and reward activities that benefit the Taki community. Incubated at SuperLayer, Taki received product design advice and networking support prior to the project’s independent spin-out and launch. Taki is built on the Solana Blockchain - with support from the Solana Foundation - which allows Taki to provide fast and inexpensive transactions with low environmental impact, and makes Taki more accessible to communities at a global scale. To make the platform more inclusive to established and emerging communities, Taki has set up a 2.5 million USD creator fund to bring content creators to Taki who can drive a high level of awareness and enhance overall user engagement for the platform.

The platform is currently invite-only, but users can sign up on the waitlist with public access coming soon and follow the project on Twitter. Taki brings a unique engagement platform for creators, users, and crypto enthusiasts, who can earn a daily income by simply posting content and chatting with others about things that interest them.

Taki becomes the first platform to introduce the concept of user coin ($UCOIN). A user coin is a monetary representation of the personal social network, where a user can buy and sell user coins using a $TAKI token. User coins can generate a new source of income for creators who are traditionally reliant on sponsored content deals. It allows users to control their personal economy with a branded coin that they own.

The platform allows users to earn in two ways, one through the crypto token $TAKI, and the second through individual user coins for every user ($UCOIN). In both ways, a user can earn by creating content that other users enjoy, or even by pursuing a basic level of engagement activities such as commenting on and liking the posts. It also allows existing users to buy a particular creator’s user coins at the initial stages and remain part of that community and enjoy appreciation of token as the community grows—leading to a creation and growth one`s personal economy on the Taki platform.

The community token sale of $TAKI by the TAKI DAO is anticipated in the late April 2022 with the goal to enable broader distribution of $TAKI and promote awareness of the Taki project.

Extending his thoughts, Kevin Chou, Managing Partner at SuperLayer said, “It is heartening to witness such a positive start towards an affirmative beginning. Extending our heartfelt gratitude to all our investors who trusted in our vision and aiding us towards making it a reality. Taki’s journey towards success will always be incomplete without their support.”

About Taki

Taki is a global token-powered social network where everyone can earn a daily income by simply posting content and chatting with others about things that interest them. Users earn $TAKI, a crypto token, by creating content that other users enjoy, and by commenting on and liking posts. Taki also allows users to create their user coin to build their individual economy on the Taki platform.

About SuperLayer

SuperLayer is a community of builders creating transformative Web3 experiences that democratize opportunity and ownership of the internet. SuperLayer is made up of a team of crypto-passionate builders, founders, investors, operators, and product managers who’ve built multiple companies from zero-to-one and beyond. SuperLayer is a partner of the $RLY network, an open, decentralized network powered by its governance token, $RLY. It supports an ecosystem of consumer crypto applications to bring the next 100 million users into crypto.

Decentralized Metaverse vEmpire Launches Staking Pool for ApeCoin

Decentralized Metaverse, GameFi, and NFT investment organization vEmpire DDAO today announced the launch of a staking pool for the ApeCoin, with a triple-digit starting yield.

The ApeCoin is a brand new ERC-20 governance and utility token used within the wider Ape ecosystem, which has itself experienced tremendous growth throughout the past year.

Currently, the only use case for the ApeCoin is for governance, enabling the token holders to have a say in the ApeCoin DAO and to vote on how the ApeCoin DAO Ecosystem Fund should be used. However, by staking $APE with vEmpire, investors can earn interest on their holdings while also being exposed to the token launch in 2022.

When an investor stakes $APE, vEmpire will utilize the investor's stake by purchasing other Ape-based assets and playing games within the Ape ecosystem, with assistance from vEmpire’s Gaming Guild. By doing this, vEmpire can make investors’ $APE holdings productive, enabling them to earn passive income, which is not yet natively possible.

"Enabling our community to stake $APE is something that we believe will be groundbreaking. It enables investors to earn financial rewards on their $APE holdings in ways that even ApeCoin doesn’t have native functionality for. This will help contribute to making the investment in Metaverse assets more accessible, rewarding, and productive. The launch of the ApeCoin itself is revolutionary. However, being able to earn passive income on the ApeCoin before most others in the industry is what we believe will attract investors the most,” said Dominic Ryder, Founder & CEO of vEmpire.

"vEmpire is committed to offering the best investment opportunities to not only our community but the wider Metaverse & NFT communities too. This is just one of many more exciting staking pools coming this year," he added.

Taki, a Token Powered Social Network for Content Creators, Fueled by Crypto Token $TAKI, To Soon Launch in India

Taki is incubated at SuperLayer, a leading Web3 venture studio

• Solana Foundation has partnered with Taki and provided a USD 2.5M fund to on-board content creators onto Taki
• Interested users can sign up to join the waitlist and participate in the upcoming community token sale in April

Taki, a global token-powered social network, is all set to launch the platform for users and content creators in India. India takes precedence and priority among other markets that Taki plans to expand into this year. The platform is currently invite-only, but users can sign up on the waitlist with public access coming soon. Taki brings a unique engagement platform for creators, users, and crypto enthusiasts, who can earn a daily income by simply posting content and chatting with others about things that interest them.

Users on the platform earn $TAKI, a crypto token, by creating content that other users enjoy, and by commenting on and liking posts. Taki also allows users to create their own user coin to build their own personal economy on the Taki platform. Taki aims to reward users who are spending their time every day on the internet to get entertained and engage socially. Engaging over the content themes and common passions, the users of Taki now have the opportunity for being economically rewarded with every single post exchanged, shared, or liked either by fans or the creators.

The platform allows users to earn in two ways, one through the crypto token $TAKI, and the second through individual user coins for every user ($UCOIN). In both ways, a user can earn by creating content that other users enjoy, or even by pursuing a basic level of engagement activities such as commenting on and liking the posts.

Taki becomes the first platform to introduce the concept of user coin ($UCOIN). A user coin is a monetary representation of the personal social network, where a user can buy and sell user coins using a $TAKI token. User coins can generate a new source of income for creators who are traditionally reliant on sponsored content deals. It allows users to control their personal economy with a branded coin that they own.

Taki introduces a multi-tiered crypto-economy design by allowing users to freely trade their user coins with others on Taki. It also allows existing users to buy a particular creator’s user coins at the initial stages and remain part of that creator’s economy while their community and token economy grows.

Taki is built with an “Engage2Earn" product design and integrates user coins with social media features to incentivize and reward activities that benefit the Taki community. Incubated at SuperLayer, Taki received product design advice and networking support prior to the project’s independent spin-out and launch. Taki is built on the Solana Blockchain which allows Taki to provide fast and inexpensive transactions with low environmental impact. Solana has partnered with Taki to set up a 2.5 million USD creator fund to bring content creators to Taki who can drive a high level of awareness and enhance overall user engagement for the platform.

Commenting on the pre-launch phase, Sakina Arsiwala, Co-Founder, Taki said “Taki is a work of passion and an amalgamation of vision to bring a new dimension and meaning for social content consumption. Our vision is to enable liberalization in personal economy space with the power of crypto tokens. Taki is designed to be a secure, safe and tech superior product that enables social enthusiasts to consume, invest, share, transact and build a token-based content portfolio.”

Speaking on creating economic success for the content creators in cryptocurrency, she said, “India is a hub for creative talent, and has emerged as one of the biggest adopters of cryptocurrency in comparison to the other countries. The growth of the Indian engagement economy is rooted in the success and the immense reach of content creators. Content creators are building communities, and need to evolve in their journey along with their fans. More than just enabling social popularity on the platform, Taki presents an economically rewarding opportunity for creators and their fans through cryptocurrency.”The community token sale of $TAKI by the TAKI DAO is anticipated in April 2022 with the goal to enable broader distribution of $TAKI and promote awareness of the Taki project.

Towards Taki India launch, Kevin Chou, Managing Partner at SuperLayer said, “We are extremely excited about Taki as an emerging token-powered platform. We believe Taki is going to be a first of its kind to bridge the gap between normal netizens and Web3 experience at large. India has the real potential to nurture and grow the cryptocurrency ecosystem for the entire world.” 

About Taki

Taki is a global token-powered social network where everyone can earn a daily income by simply posting content and chatting with others about things that interest them. Users earn $TAKI, a crypto token, by creating content that other users enjoy, and by commenting on and liking posts. Taki also allows users to create their user coin to build their individual economy on the Taki platform.

About SuperLayer

SuperLayer is a community of builders creating transformative Web3 experiences that democratize opportunity and ownership of the internet. SuperLayer is made up of a team of crypto-passionate builders, founders, investors, operators, and product managers who’ve built multiple companies from zero-to-one and beyond. SuperLayer is a partner of the $RLY network, an open, decentralized network powered by its governance token, $RLY. It supports an ecosystem of consumer crypto applications to bring the next 100 million users into crypto.

Wax Studio’s Native Token BRWL (Blockchain Brawlers) Listed through OKX Jumpstart

Partnership to create a blockchain connected future for the gaming industry

OKX, the world’s second largest crypto exchange by spot trading volume, announced today the Wax Studio native token BRWL (Blockchain Brawlers) will be listed through the OKX Jumpstart program. Blockchain Brawlers is a play-to-earn wrestling game created by WAX studios featuring a cast of NFT characters. 

Built on Wax Blockchain, BRWL (Blockchain brawlers) token is aimed at simplifying monetization of in-game assets by working as the in-game currency. The partnership between OKX and Wax Studios is a symbiotic association of two major brands with a common goal of migrating the global gaming industry on blockchain which will benefit all the relevant stakeholders of the industry.

OKX Jumpstart will let users earn BRWL tokens by staking OKB tokens. A total supply of 50,000,000 BRWL tokens will be available for subscription on OKX with no upper limit for individuals. Users from various countries including India can use OKB tokens to participate in the OKX Jumpstart from 8:00 am UTC on Mar. 27, 2021. BRWL transactions will take place under ERC-20 protocol.

Commenting on the development, Jay Hao, CEO of OKX.com, said: “We are excited to partner with Wax Studios for this BRWL token listing. Through this association we would like to create an enhanced user experience through our play-to-earn initiatives. As we dive deeper into the metaverse space, OKX will continue to collaborate with promising metaverse projects.”

Commenting on the development Michael Rubinelli, Head of Games at WAX Studios, said: “We are happy to find a like-minded partner in OKX. Wax Studios has embarked on an exciting journey to build a play-to-earn ecosystem to boost the creator economy along with driving NFT adoption in the gaming space.”

Powered by BRWL tokens, each player can earn, and craft their way to fame and fortune. The game features 400 “Founder’s Edition” Legendary 1-of-1 brawlers, a limited-edition collection of Ric Flair NFTs, hard-hitting gear packs, limited-edition swag and so much more.

The Jumpstart starts at 8:00 am UTC on Mar. 27, 2021. For more information, visit https://www.okx.com/jumpstart

OKX Jumpstart is a platform that helps new projects launch and grow their communities. Jumpstart users are able to participate in campaigns by staking their OKB and receiving tokens from new projects based on their staked amounts. Unlike buying tokens in offerings, getting them via Jumpstart is similar to liquidity mining because users get all their staked assets back after the campaign ends. Each project on OKX Jumpstart starts with its own rules and particulars, such as total tokens available, minimum and maximum stakes, and so on.

OKX is one of the world’s forerunners in the crypto industry. Founded in 2017, OKX innovatively adopted blockchain technology to help rebuild the financial ecosystem of our generation. OKX believes that building a decentralized, blockchain-powered financial ecosystem is a crucial development in this current climate. OKX strives to eliminate financial barriers, evolve the global economy, encourage financial inclusion for billions of unbanked population and change the world for the better. OKX is always working tirelessly to continuously improve the overall user experience to make cryptocurrency trading and investing available to everyone. OKX looks forward to empowering the future generation to apply blockchain technology in daily lives, and helping the unbanked population achieve a fair, secure and trusted financial system.