Blockchain

MatrixPort and exSat establish Comprehensive Strategic Partnership to Drive Bitcoin Ecosystem Innovation

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    Singapore, Singapore, September 18th, 2024, Chainwire

     

    MatrixPort, a leading digital asset financial services platform and exSat, a breakthrough Bitcoin scalability solution, have entered into a comprehensive strategic partnership. By leveraging their respective strengths, they aim to accelerate the growth and application of the Bitcoin ecosystem, marking the start of a new era in Bitcoin development.

    MatrixPort, a global one-stop digital asset financial services platform, brings extensive industry experience, robust technology, and a large user base to offer secure, convenient, and efficient digital asset trading and wealth management services. exSat Network focuses on developing unique scalability solutions for Bitcoin. Through the unique On-Chain UTXO data index, 1 second instant transaction confirmation, and secure asset custody solutions, it provides the Bitcoin network with more powerful scalability, functionality and interoperability, enabling new Bitcoin application scenarios.

    This powerful collaboration plays to the advantages of both parties and brings multiple benefits to the Bitcoin ecosystem. MatrixPort’s expertise and user base will support the rapid development of exSat, while exSat’s innovative technology will offer MatrixPort users more investment options and a superior experience. Together, they are committed to driving Bitcoin adoption and utility, revitalizing the Bitcoin ecosystem, and creating more value for users worldwide.

    This strategic partnership will focus on the following key areas:

    Unlocking Bitcoin Liquidity: Ushering in a New Era of BTCFi

    Matrixport will provide nBTC on the exSat platform, a new Wrapped BTC version of the product that is 1:1 anchored with Bitcoin. They plan to provide 5,000-10,000 nBTC on the exSat mainnet to boost liquidity and support exSat’s PoW+PoS consensus mechanism.

    The issuance of nBTC will become a bridge connecting Bitcoin and the exSat ecosystem, achieving seamless interoperability. Users can convert native BTC to nBTC via MatrixPort and utilize it on exSat for various BTCFi applications such as staking, lending, and trading.

    The issuance of nBTC holds significant implications in a context where 94% of Bitcoin has already been mined:

    • Unlocking Bitcoin Liquidity: Bringing dormant Bitcoin assets into the DeFi space and injecting liquidity into the exSat platform.
    • Expanding Bitcoin application scenarios: Utilizing exSat as a bridge to open up broader application scenarios for Bitcoin.
    • Enhancing Bitcoin User Experience: Leveraging exSat’s efficiency, providing Bitcoin users with more convenient, fast, and cost-effective transaction and wealth management services, promoting the popularization and utility of Bitcoin.

    Empowering Innovation and Expanding the exSat Mainnet Ecosystem

    MatrixPort will focus on driving the vigorous development of innovative dApp applications and services on the exSat platform, co-creating a more open, diverse and prosperous Bitcoin ecosystem.

    Key areas of focus include:

    • BTCFi On-Chain Applications: Supporting the development of nBTC staking, trading, and lending applications on the exSat chain, offering users more diverse financial services and investment options while enhancing on-chain asset liquidity.
    • Real World Assets (RWA): Facilitating the tokenization of real-world assets, such as renewable energy assets, on the exSat platform, combining Bitcoin digital assets with RWAs to unlock new liquidity and value.
    • Cross-Chain Interoperability: Connecting exSat with the BTC ecosystem, and promoting a wider distribution of value.

    This strategic collaboration will offer ecosystem developers comprehensive support, including technical guidance, marketing, and more, helping turn their innovative ideas into reality and promoting the prosperity of the exSat ecosystem. Together, MatrixPort and exSat will create more value for Bitcoin ecosystem participants, realizing the preservation and appreciation of digital assets, and ensuring sustainable, decentralized, and secure growth for Bitcoin.

    Building a Secure Bitcoin Ecosystem to Protect User Assets

    MatrixPort and exSat recognize that security is the cornerstone of Bitcoin ecosystem development. They will collaborate strategically to build an unbreakable on-chain security defence, safeguarding user assets.

    The partnership will integrate MatrixPort’s extensive security experience and exSat’s leading blockchain technology to enhance security in multiple areas:

    • Multi-signature Technology Application: The two parties will jointly explore and apply more decentralized multi-signature technology to provide users with safer asset management solutions and ensure the safety of user assets.
    • Security Specification Formulation: The two parties will jointly formulate and promote BTC asset security specifications and risk control systems, improve the security awareness and prevention capabilities of the entire ecosystem, and jointly maintain the security of users’ assets.
    • Security Monitoring Cooperation: exSat will use Matrixport’s rich security experience and resources to conduct comprehensive security risk monitoring of BTC assets issued on the exSat platform, identify potential risks and control risks in time, and ensure that the platform’s security meets the highest industry standards.

    MatrixPort and exSat firmly believe that a secure and reliable Bitcoin ecosystem is essential for users to participate confidently and enjoy the value and opportunities brought by Bitcoin. Together, they will continuously improve security measures, safeguard user assets, and promote the healthy growth of the Bitcoin ecosystem.

    About exSat

    exSat is dedicated to addressing the scalability and interoperability challenges of Bitcoin. By implementing a Data Consensus Extension Protocol that combines Proof of Work (PoW) and Proof of Stake (PoS), exSat aims to enhance BTC’s data consensus, scalability, security, and interoperability within the ecosystem. For more information, visit exsat.network and join exSat on X.

     

    Contact

    CMO
    Tristan Dickinson
    exSat
    tristan.dickinson@exsat.org

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    Luxury Streetwear Brand Ryoko Rain® is an Official Collaboration Partner for Athlos NYC Track Event

    2024-09-20T13:15:00Z

    Olympian Alaysha Johnson will debut the company’s signature-designed shorts, shirt, and jacket before the premier all-women’s track event, featuring the fastest women in the world and awarding the largest prize purse ever for a women’s only track event

    NEW YORK, Sept. 20, 2024 (GLOBE NEWSWIRE) -- Ryoko Rain, the luxury sportswear brand synonymous with butterfly designs and distinct patterned mesh shorts, has partnered with Athlos NYC to launch an exclusive apparel collaboration collection for the upcoming all-women’s track meet taking place at Icahn Stadium in New York on September 26, 2024 at 7pm ET. The collaboration features a custom line of high-quality mesh shorts, a shirt, and a jacket designed by Founder and Creative Director Garrett James. Debuting the apparel line is Olympian track star and Athlos NYC competitor Alaysha Johnson.

    The collaboration between ATHLOS and Ryoko Rain celebrates the synergy of athletic performance and personal expression with Ryoko Rain’s deep-rooted cultural and design narrative and Athlos’ commitment to providing a platform for women athletes to shine on and off the track. The collection features three items: high-quality mesh shorts in Athlos NYC brand colors, a timestamp, a soundwave design, and Ryoko Rain’s logo mark with a butterfly; a limited edition Ryoko Rain cutoff shirt featuring Alaysha Johnson in full sprint surrounded by butterflies; and, lastly, a black work jacket—a Ryoko Rain signature item. Fans can purchase the limited edition shorts onsite at Athlos NYC, while the shirt and jacket will be available for a limited time on Ryoko Rain’s website.

    “This collaboration is a testament to how style and athleticism intersect, with gear designed for movement and a visual story inspired by the female athletes and Ryoko Rain’s origins,” said Kayla Green, CMO of ATHLOS. “We look forward to showcasing the speed, music and design of Athlos NYC with like-minded brands, like Ryoko Rain, to provide new opportunities for the women’s running community.”

    Alaysha Johnson and Ryoko Rain: A Perfect Match
    Johnson, an Olympic hurdler known for her incredible discipline and dedication, is the face of the new Ryoko Rain and ATHLOS apparel line. Her drive and passion align with James’ vision of luxury street and athleticwear. In the 100-meter hurdles, Johnson earned a spot in the Paris Olympic Games after running a personal-best time in shoes borrowed from a fellow hurdler and in a uniform she designed herself at the U.S. Olympic track and field trials.

    “I’m excited to team up with Ryoko Rain for this special line,” said Johnson. “The designs are not only stylish but also carry a deeper meaning. It feels empowering to wear something that reflects a sense of purpose, community, and the pursuit of excellence—values I live by in my sport.”

    Metamorphosis: The Ryoko Rain Story
    Ryoko Rain was founded by Garrett James in 2021, whose vision is shaped by the legacy of his Japanese heritage and the family values passed down from previous generations. This cultural influence is central to Ryoko Rain’s aesthetic and purpose, as each garment is designed to tell a story of transformation, resilience, and community. The brand’s signature butterfly symbol—representing growth, change, and new beginnings—embodies the essence of James’ family legacy, particularly inspired by the experiences of his two eldest daughters, River Ryoko and Alba Rain.

    James explains, “Ryoko Rain is about more than just clothes; it’s about expressing our roots and honoring the journey. Partnering with ATHLOS, we’re blending fashion, sports and music to represent something much deeper—our shared experiences, ambitions, where we all come from and where we are going.”

    View the Athlos x Ryoko Rain collection HERE
    Ryoko Rain Electronic Press Kit HERE

    About Ryoko Rain:
    Ryoko Rain, founded by Garrett James, is a luxury street and athleticwear brand rooted in Japanese heritage and values of family, tradition, and community. Established in 2021, Ryoko Rain’s signature butterfly symbol, quality and innovative design have propelled it to the forefront of streetwear fashion. Worn by the biggest names in sports and entertainment, the brand has evolved into more than a clothing line; it’s a story of people, community, evolution and purpose. Learn more at www.ryokorain.com.

    About ATHLOS:
    ATHLOS is a first-of-its-kind track invitational bringing together the fastest women in the world to compete for the largest prize purse ever for a women's-only track event. ATHLOS provides fans a unique way to experience and celebrate the world's fastest women, marrying the competition of a track meet with the entertainment of a music festival to fully celebrate these incredible athletes as they reach for new heights in the sport. For more information, visit ATHLOS.com. 

    About Seven Seven Six:
    Seven Seven Six is an early-stage venture capital firm with over $900mm of AUM as of 12/31/2023 and is focused on the intersection of product and people. Powered by the operating system Cerebro, at its heart, 776 is a technology company that deploys capital. The firm was founded in 2020 by Reddit co-founder Alexis Ohanian. Seven Seven Six invests across sectors, with investments spanning the creator economy, space, climate tech, sports, fintech, web3, healthcare, collectibles, AI, and more. For more information, visit https://sevensevensix.com/.

    Media Contact

    Dan Nasitka
    dnasitka@rocketlaunchagency.com
    (714) 694-7195

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1c3d9588-0c04-45af-adfa-1d37eeb133dd


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