Blockchain

Ethernity Chain Unveils $10 Million Grant Program to Empower Founders

Los Angeles, United States, September 10th, 2024, Chainwire

 

Ethernity, the leading entertainment-focused Layer 2 blockchain solution, proudly announces a $10 million grant program dedicated to revolutionizing the entertainment and creator economy through development of Ethernity’s Layer 2. This substantial investment aims to support developers, founders, and startups building the future of digital entertainment on the Ethernity Layer 2 ecosystem.

Fuelling Innovation in Entertainment and the Creator Economy

The Ethernity Grant Program is designed to fuel groundbreaking projects that elevate the entertainment landscape, offering financial support, strategic mentorship, and valuable business resources. By focusing on enhancing the creator economy, Ethernity empowers brands and founders to leverage blockchain technology for new levels of engagement, security, and monetization.

Program Focus Areas:

  1. Games and Entertainment Products: Innovative games and interactive experiences that push the boundaries of digital entertainment.
  2. Blockchain Infrastructure: Tools, protocols, and infrastructure enhancements that strengthen the Ethernity ecosystem for entertainment applications.
  3. Entertainment Infrastructure: Projects that integrate global entertainment brands with blockchain, enabling new business models and fan experiences.
  4. DeFi Tools: Financial applications tailored to the needs of the entertainment industry, providing new ways to monetize and secure digital assets.
  5. RWA’s and Collectibles: Cutting-edge digital assets and marketplaces that redefine ownership and engagement.
  6. Education and Outreach: Initiatives that promote blockchain adoption and educate the creator community.

How to Apply

The program is open globally to developers, startups, and organizations whose projects align with Ethernity’s mission to disrupt the entertainment industry through innovative products. Applicants are encouraged to submit detailed proposals outlining their project objectives, milestones, and potential impact.

What Grant Recipients Will Receive

Grant recipients will receive financial backing to accelerate project development, access to mentorship from entertainment and blockchain experts within Ethernity’s network, and support with marketing and PR to enhance visibility. They will also benefit from technical resources, including tools, SDKs, and dedicated technical support, as well as opportunities to connect with venture capitalists for further investment and growth.

“Ethernity is committed to fostering a dynamic ecosystem that supports the next generation of entertainment and creator-focused technologies,” said Nick Rose Ntertsas, CEO of Ethernity. “This $10 million grant program is a significant step in empowering innovators and creators to bring their visions to life on the blockchain.”

For More Information and Application Details

Developers, creators, and organizations are invited to apply for the Ethernity Grant Program and join a pioneering movement to transform entertainment and the creator economy through blockchain technology.

For more information and to apply, users can visit https://www.ethernity.io/grants

About Ethernity

Ethernity is a Layer 2 blockchain solution designed specifically for the entertainment industry and the creator economy. It offers AI-powered security and Digital Rights Management (DRM) to protect intellectual property on-chain. With a robust infrastructure and strong partnerships, Ethernity is poised to become the leading web3 platform for entertainment, providing a secure, scalable, and user-friendly environment for creators and brands.

Website: Ethernity.io

Twitter: @EthernityChain

Telegram: EthernityChain

 

Contact

CMO
James Aitken
Ethernity Chain
james@ethernity.io

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Accredited Solutions Reaches Agreement With 100% of Promissory Note Holders for 60-Day Lock-Up and 6-Month Leak-Out on All Conversions

2024-09-18T12:00:00Z

NEW YORK, NY, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Accredited Solutions, Inc. (OTC: ASII) ("Accredited Solutions" or the "Company"), the parent company of Diamond Creek Water, is pleased to announce it has successfully reached an agreement with the holders of 100% of the Company’s outstanding variable price conversion securities for a 60-day lock-up and 6-month leak-out on all conversions, as an interim agreement toward full cash redemption.

This interim agreement marks a significant milestone in the Company’s path toward a complete redemption of all outstanding variable price convertible instruments, thus avoiding the issuance of significant additional shares. As part of the redemption plan, Accredited Solutions intends to use proceeds from its upcoming Reg A offering to redeem the variable price convertible securities, thereby avoiding any need for conversion into the Company’s common stock. This strategy is designed to achieve a much lower cost of capital and dramatically limit shareholder dilution.

"We are incredibly humbled by the renewed trust from our financing partners, who are now demonstrating their confidence in our long-term vision," said Eduardo Brito, CEO of Accredited Solutions, Inc. "This agreement is a testament to our strong relationships and commitment to creating shareholder value. The trust placed in us by our financing partners positions them for our exciting future, and we are excited about the path ahead as we work toward our 5-year growth strategy.” This favorable approach not only provides the Company with a cost-effective solution to manage its capital structure but also is expected to provide the platform for necessary capital for future acquisitions and organic growth. Accredited Solutions remains focused on its ambitious 5-year growth plan, which aims to achieve $750 million in annual revenue through both strategic acquisitions and organic expansion across its telco/fintech and beverage divisions.

“We’re excited to move forward with this flexible and highly supportive, balance-sheet-friendly plan,” Brito added. “These agreements set the stage for us to continue our acquisition strategy while strengthening our financial foundation. With the ongoing confidence of our stakeholders, we are firmly shaping our strategy on our way to achieving our $750 million revenue target over the next five years.”

Please be attentive to the 8-K filing relating to these agreements and stay tuned for exciting updates on our progress.

Relevant Links: https://www.diamondcreekwater.com

Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates, and projections about our business, based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and the company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.

Accredited Solutions, Inc. Contact: info@diamondcreekwater.com
Follow Us on: X (Twitter): @asii_Inc
Source: Accredited Solutions, Inc. https://www.diamondcreekwater.com


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