Blockchain

Ethernity Chain Unveils $10 Million Grant Program to Empower Founders

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    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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    Kaspi.kz receives first international credit rating

    2024-09-19T12:28:18Z

    ALMATY, Kazakhstan, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Kaspi.kz has received its first international credit rating. Fitch rates Kaspi.kz investment grade BBB- with a stable outlook. This rating is separate from Kaspi Bank, a component of Kaspi.kz’s Fintech Platform, which has been tracked by international rating agencies for many years. Fitch also rates Kaspi Bank investment grade BBB- with a stable outlook.

    According to Fitch, the rating reflects Kaspi.kz’s unique business profile, leading nationwide franchise and one of the strongest levels of operating profitability when compared to peers globally. Among the key rating drivers are:

    • Diverse business model: Kaspi.kz’s Super App business model is unique in its ability to successfully combine leading franchises across payments, commerce and fintech.
    • Stellar profitability: Past earnings growth has been extremely strong, while the rapid growth of Payments and Marketplace Platforms has resulted in diverse and more predictable earnings. Return on equity over the past 8 years has been an extraordinary 80%.

    Mikhail Lomtadze, CEO & co-founder of Kaspi.kz, commented:

    “This is the first time Kaspi.kz has received a credit rating. Fitch’s ratings for Kaspi.kz and Kaspi Bank, follow on from Moody’s decision to upgrade Kaspi Bank to investment grade. Moody’s also recently upgraded Kazakhstan’s credit rating, recognising the progress Kazakhstan’s government is making when it comes to delivering a fast-growing, diverse and modern digital economy, with solid financial fundamentals.”

    About Kaspi.kz

    Kaspi.kz’s mission is to improve people’s lives by developing innovative mobile products and services. To deliver upon this we operate a unique two-sided Super App model – the Kaspi.kz Super App for consumers and the Kaspi Pay Super App for merchants.

    Through these Super Apps consumers and merchants can access our leading Payments, Marketplace, and Fintech Platforms. All our services are designed to be highly relevant to users’ everyday needs and enable consumers and merchants to connect and transact, using our proprietary payments network.

    The combination of a large, highly engaged consumer and merchant base, best-in-class, highly relevant digital products and a capex lite approach, results in strong top-line growth, a profitable business model and enables us to continue innovating, delighting our users and fulfilling our mission.

    Harvard Business School has written two case studies on Kaspi.kz which it continues to teach to its MBA students.

    Kaspi.kz has been listed on Nasdaq since January 2024.

    For further information david.ferguson@kaspi.kz +44 7427 751 275

    Forward-looking statements

    Some of the information in this announcement may contain projections or other forward-looking statements regarding future events or the future financial performance of Kaspi.kz. You can identify forward looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could," "may" or "might", the negative of such terms or other similar expressions. Kaspi.kz wish to caution you that these statements are only predictions and that actual events or results may differ materially. Kaspi.kz does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of Kaspi.kz, including, among others, general economic conditions, the competitive environment, risks associated with operating in Kazakhstan, rapid technological and market change in the industries the Company operates in, as well as many other risks specifically related to Kaspi.kz and its respective operations.


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