Blockchain

Forgd is Reinventing Web3 Advisory with Free Tools for Tokenomics Design, Liquidity Monitoring, and Token Cap Table Management

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    New York, NY, September 3rd, 2024, Chainwire

    Forgd, a token advisory and optimization platform, announced the launch of its free-to-use web platform, which provides blockchain projects unrestricted access to tools for tokenomics design, liquidity monitoring, cap table management, and financial planning. Forgd eliminates financial barriers associated with traditional Web3 Advisory and consolidates an otherwise fragmented services industry built to support blockchain projects as they issue a token.

    A token launch involves complex challenges, prompting many blockchain projects to hire multiple external advisors for tasks like tokenomics modeling, market maker engagement, and exchange listing. These engagements can be costly and often lead to operational inefficiencies, given that few advisors operate an end-to-end process. Forgd addresses these challenges with free software tools for executing all vital go-to-market activities and optimizing token performance post-launch. This “self-service” approach to Web3 advisory allows teams to execute at their own pace.

    “Many of the tasks involved in a token launch are outside the expertise of a typical tech founder, which is why we created a set of tools to streamline and simplify the process in an end-to-end application,” said Shane Molidor, CEO and Founder of Forgd. “Forgd was built in response to the recurring needs of founders we’ve observed in Web3. Our DIY software tools not only reduce costs but also allow teams to concentrate on product innovation rather than specialized capital market activities.”

    Shane Molidor is a 10-year cryptocurrency veteran who formerly operated as CEO of AscendEX, Head of Trading at FBG Capital, and Business Development Associate at Gemini. Forgd recently enhanced its capabilities by acquiring Tokenomics DAO, a research institution focused on tokenomics and novel protocol design. 

    For blockchain projects that haven’t yet launched their token, Forgd helps them design tokenomics, conduct cash flow analysis & prepare for fundraising, secure partnerships with market makers & exchanges, and navigate administrative tasks such as offshore company formation. For projects with a live token, Forgd provides tools for monitoring market maker performance & token unlocks, automated token streaming, and even non-custodial liquidity provision.

    In a strategic move, Forgd has aligned with the Solana Foundation to provide select tools exclusively for projects built on the Solana blockchain. This collaboration underscores the Forgd commitment to supporting scalable blockchain ecosystems and fostering project growth.

    “We are thrilled to collaborate with the Solana Foundation to offer our tools to Solana’s vibrant developer ecosystem,” said Florian Strauf, CTO of Forgd and Founder of Tokenomics DAO. “This strategic alignment highlights our dedication to creating public goods to support blockchain entrepreneurs, and we look forward to partnering with other blockchain base layers to create comprehensive cross-chain support.”

    Forgd reports that over 250 projects have already benefited from using its pioneering tools, such as “AMM²”, a non-custodial market making protocol that empowers projects to act as their liquidity provider across all major exchanges with automated rebalancing.

    “The positive response since our private beta launch in Q1’24 has been overwhelming,” commented Shane Molidor. “Our team is motivated to continue innovating and developing new tools to empower Web3 entrepreneurs aiming to launch and scale projects of their own.”

    For more information about Forgd and its services, users can visit Forgd.com.

    About Forgd:

    Forgd is a token advisory and optimization platform with free software tools for blockchain founders to launch and scale their projects.

    Operating as a public good, Forgd is reinventing Web3 advisory by providing blockchain projects free access to specialized capital markets tools such as tokenomics modeling, liquidity monitoring, cap table management, exchange listing, and financial planning. In addition to its self-service software tools, Forgd offers tailored consulting services for teams seeking extra guidance. This approach allows Forgd to service a broad spectrum of blockchain projects ranging from DIY enthusiasts to those who prefer white-glove support, ensuring accessibility and expert assistance are readily available.

    www.x.com/forgd_

    Contact

    Marketing
    Dan Mulligan
    Forgd
    dan@forgd.com

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    Digital Banking Platform Market Set to Surge to USD 164.7 Billion By 2032, Widespread Smartphone Usage and Mobile Internet Access Enable On-The-Go Banking Services which is Propelling the Market Growth | Research by SNS Insider

    2024-09-17T13:00:00Z

    According to Research by SNS Insider, Legacy Banks Collaborate with Fintech Companies to Improve Their Digital Platforms and Technology Infrastructure to Aid Digital Banking Platform Market Growth

    Pune, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Digital Banking Platform Market Size Analysis:

    “The global Digital Banking Platform Market, valued at USD 30.3 Billion in 2023, is projected to reach USD 164.7 Billion by 2032, growing at a compound annual growth rate (CAGR) of 20.7% during the forecast period.”

    The banking industry is rapidly going through digitalization, and smart mobile tools and digital banking services are required by consumers. These are the main drivers in the market. Thus, banks are mainly inclined towards digital banking platforms due to such benefits as lower IT cost, quick time-to-market, open banking, out-of-the-box yet an opportunity to configure solutions, omnichannel customer experience, and microservice architecture. For instance, it was recently announced that on December 12, 2022, Deloitte had teamed up with Amazon Web services to address a perennial issue: the transition to digital-first offerings that span the gamut of banking from customer-facing activities to the back office. Regarding the fact that the processors used by neo-banks are still shallow, they still represent a small market, but they grow faster in terms of increasing market share. Even though they serve their customers at about a third of the cost of a standard bank, the interest of venture backers in them appears to be waning. In the meantime, fintechs are focused on the most attractive niches in the value chain. The big techs and large user communities pose the greatest danger. Incumbents are spending a fortune on innovation, with only a few laggards fading away.


    Get a Sample Report of Digital Banking Platform Market@ https://www.snsinsider.com/sample-request/1228 

    Major Players Analysis Listed in this Report are:

    • Fiserv, Inc.
    • Crealogix AG
    • Temenos
    • Urban FT Group, Inc.
    • Appway AG
    • Alkami Technology Inc.
    • Finastra
    • Urban FT Group, Inc.
    • Q2 Software, Inc.
    • Sopra Banking Software
    • Tata Consultancy Service

    Digital Banking Platform Market Report Scope:

    Report AttributesDetails
    Market Size in 2023 USD 30.3 Bn
    Market Size by 2032USD 164.7 Bn
    CAGR CAGR of 20.7% From 2024 to 2032
    Base Year2023
    Forecast Period2024-2032
    Historical Data2020-2022
    Key Regional CoverageNorth America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
    Key Growth Drivers• Government initiatives to promote digital financial inclusion and favorable fintech regulations drive market growth.

    • Widespread smartphone usage and mobile internet access enable on-the-go banking services.

    Do you have any specific queries or need any customization research on Digital Banking Platform Market, Make an Enquiry Now@ https://www.snsinsider.com/enquiry/1228 

    Segmentation Dynamics

    The on-premise segment was the market leader, holding a revenue share of 73.2% in 2023. The on-premise model installed at the user’s site is a common choice for many users of these systems, as it is perceived by many as more secure than cloud software. If the software is hosted on the customer’s premises, their IT and security teams have direct access and therefore full control over its installation, configuration, management, and security. In various countries with strict regulations on the storage of financial data, large and well-established banks often opt for on-premise solutions because they have the capacity available. The cloud segment held the second-largest market share and there is potential for this segment to grow the fastest in terms of CAGR in the forecast period. The success of inclusive banking in the future will depend on the adoption of cloud and SaaS solutions. Although cloud and SaaS solutions provide basic financial services to the populations considered by inclusive banking, there are challenges in the inclusive banking environment.

    Digital Banking Platform Market Segmentation:

    By Deployment

    • On-Premise
    • Cloud

    By Mode

    • Online Banking
    • Mobile Banking

    By Type

    • Retail Banking
    • Corporate Banking
    • Investment Banking

    By Component

    • Platforms
    • Services
      • Professional Services
      • Managed Services

    Regional Insights

    Asia Pacific was the leading market in 2023, which held a share of 33.5%, and is expected to also exhibit the highest CAGR of 24.2% during the forecast period. The advent of new digital companies is expanding Asia’s digital banking industry; a new generation of digital institutions is completely changing the older norms and offering both individuals and companies tightly digitalized banking services. Due to the growing need for mobile and online banking solutions, there is huge potential for existing players as well as new entrants, owing to the increasing proportion of permits and a new set of banking regulations. North America was the second biggest market, holding a share of 27.2%, and is anticipated to grow at a CAGR of 19.9% during the forecast period. Cloud solutions are being adopted right into many sectors worldwide such as banking and finance. The increasing adoption of cloud solutions is resulting in banks deploying cloud-based digital banking platforms, which will continue due to their low initial cost and rapid update capabilities.

    Buy an Enterprise-User PDF of Digital Banking Platform Market Analysis & Outlook 2024-2032@ https://www.snsinsider.com/checkout/1228 

    Recent Developments

    • In April 2024, nCino provide individuals with an improved and better omnichannel consumer banking solution for grades and banks. After the introspection, this will ensure that bankers can now find out which of their customer’s preferences and needs in the financial services sector.
    • In September 2023, Temenos proved to be the most striking and useful risk-free and secure solution to banks. This invention incorporates generative Artificial Intelligence automation delivery to classify the banking transaction of any customer.

    Key Takeaways:

    • The on-premise segment held the leading revenue share in 2023 due to the surging adaption of the segment among the large banks with strict storage and data security guidelines.
    • The Asia Pacific region dominated the market with 33.5% of the revenue share in 2023 and will see the highest CAGR of 24.2% throughout the forecast period, driven by the establishment of new digital companies and the regulatory backing of digital banking enlargement.

    Table of Contents – Major Key Points

    1. Introduction

    2. Executive Summary

    3. Research Methodology

    4. Market Dynamics Impact Analysis

    5. Statistical Insights and Trends Reporting

    6. Competitive Landscape

    7. Digital Banking Platform Market Segmentation, by Deployment

    8. Digital Banking Platform Market Segmentation, by Mode

    9. Digital Banking Platform Market Segmentation, by Component

    10. Digital Banking Platform Market Segmentation, by Type

    11. Regional Analysis

    12. Company Profiles

    13. Use Cases and Best Practices

    14. Conclusion

    Access Complete Report Details of Digital Banking Platform Market Analysis Report 2024-2032@ https://www.snsinsider.com/reports/digital-banking-platform-market-1228 

    [For more information or need any customization research mail us at info@snsinsider.com]

    SNS Insider Offering/ Consulting Services:

    Go To Market Assessment Service

    Total Addressable Market (TAM) Assessment

    Competitive Benchmarking and Market Share Gain

    About Us:

    SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

    Contact Us:
Akash Anand – Head of Business Development & Strategy
info@snsinsider.com
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)

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