Latest news with #Gateio
Associated Press
07-07-2025
- Business
- Associated Press
KONET Officially Launches 'KONET LAB', a Platform Where Anyone Can Create Web3 Tokens
- Evolving into a comprehensive Web3 infrastructure platform with Staking, Earn, and DEX features - KONET Mainnet already integrated with top-tier exchanges such as Bybit, and GOPAX SINGAPORE, SG / ACCESS Newswire / July 7, 2025 / KONET, a global blockchain mainnet project, has officially launched KONET LAB, an all-in-one platform that enables anyone to easily issue and utilize Web3 KONET Lab is Officialy Live KONET LAB provides an intuitive interface that allows individuals or businesses to create their own tokens in just a few clicks, without any blockchain development knowledge. Built on KONET's Ethereum Virtual Machine (EVM)-compatible mainnet, the platform offers a fast and low-cost environment to design community- or DApp-based token economies. Beyond simple token issuance, KONET LAB will gradually incorporate native Staking and Earn functionalities unique to the KONET mainnet. Users will be able to design various reward structures for their own tokens or build automated yield distribution systems for KONET holders. KONET LAB also plans to introduce a native decentralized exchange (DEX) in the near future, providing practical liquidity and trading infrastructure for issued tokens. The KONET mainnet is already integrated with major global exchanges such as Bybit, and GOPAX, opening opportunities for newly created tokens on LAB to utilize KONET's growing ecosystem and trading networks. Key Features and Future Plans of KONET LAB * Token creation without any technical or development skills * One-click deployment and management of smart contracts * Low transaction fees via the KONET mainnet * Built-in Staking and Earn mechanisms for token-based rewards (upcoming) * DEX functionality to support decentralized trading (upcoming) * Integrated with global top-tier exchanges such as Bybit, * Multi-chain expansion and DApp interoperability in development A KONET spokesperson commented, 'KONET LAB is more than just a token creation tool, it's a next-generation platform to design and operate a full Web3 economy. With KONET already integrated into top-tier global exchanges, we provide the ideal foundation for creators and communities to scale their projects within a robust and interconnected blockchain environment.' Visit KONET LAB: KONET Official Website: Buy KONET: Contact InformationWyatt Lee CMO +82 10 4694 6129 SOURCE: KONET press release
Forbes
16-05-2025
- Automotive
- Forbes
Oracle Red Bull Racing And Gate.io Launch Onchain Fan Engagement
A new collaboration between Oracle Red Bull Racing, and blockchain platform Abstract is introducing a different kind of Formula One experience—one built entirely onchain. As of 2024, Formula 1's global fanbase has grown to approximately 826.5 million, marking a 12% increase from the previous year. The sport is experiencing growth among younger and more diverse audiences. 42% of the fanbase is under 35 years old, and 41% is female, up from 37% in 2018 The three companies have partnered to launch In the Moment, a co-branded digital collectible series tied to the 2025 F1 season. The project blends motorsport history with digital asset infrastructure, and it represents a notable development for both Web3 adoption and fan engagement. The In the Moment campaign consists of 24 digital collectibles, each commemorating a defining moment in Oracle Red Bull Racing's history. The collectibles will be released throughout the season, starting with the Monaco Grand Prix and spanning other race locations such as Silverstone, Singapore, and Abu Dhabi. The collection includes contributions from six digital artists—including Timpers, DutchTide, and AlienQueen—alongside designs developed in-house by Oracle Red Bull Racing. Premium editions (Silver and Golden) introduce rarity tiers and allow fans to unlock added features such as claimable rewards and collection tracking. The entire series is hosted through and runs on Abstract, a blockchain infrastructure layer designed to reduce the complexity typically associated with Web3 participation. Users can collect, verify, and track their items with minimal friction. This enables a broader group of fans, including those outside the crypto-native community, to take part in a blockchain-based experience. This project stands out in part because of its scale and visibility. Formula One has a global fan base, and Oracle Red Bull Racing is among its most followed teams. A blockchain-based campaign operating at this level introduces Web3 mechanics—like ownership, scarcity, and transparency—to a mainstream audience in a real-world context. The move also reflects a shift in how organizations are thinking about audience engagement. Rather than offering static content or merchandise, this model turns moments into digital assets that fans can own, share, and interact with. It moves engagement from passive to participatory, while creating new types of loyalty mechanics. For the blockchain space, the campaign provides a use case for fan-facing experiences that don't center on financial speculation. Abstract's role is particularly relevant: it serves as the infrastructure layer, but its design focuses on user accessibility—lowering entry barriers that often deter non-technical users from engaging with blockchain-based platforms. While Web3 has seen steady innovation, many applications remain technical or insular. In the Moment is one of the first large-scale, co-branded efforts to bring blockchain utility into an existing global fan ecosystem. The campaign is framed around culture—sports, art, and shared history—rather than token prices or trading volume. This kind of initiative could become a model for how sports organizations, brands, and entertainment companies approach digital engagement in the future. By tying digital collectibles to specific narratives and events, the experience becomes less about the technology and more about the story. Importantly, Abstract operates in the background to support that shift. Its infrastructure handles the technical demands of on-chain activity, but the user-facing experience focuses on simplicity—claiming, collecting, and verifying ownership without requiring deep blockchain knowledge. For fans, this campaign offers a new way to engage with Oracle Red Bull Racing—through digital collectibles that represent specific achievements or events. It moves beyond viewing or social media participation, and introduces ownership and interaction as part of the fan experience. For brands, it demonstrates how Web3 can serve as a tool for creating sustained engagement that blends emotional connection with digital infrastructure. The shift from giving away content to co-creating experiences may become a standard approach in how loyalty is designed. For the broader tech ecosystem, this project signals that blockchain platforms are beginning to adapt more to the needs of mainstream users. Abstract's involvement shows that infrastructure doesn't have to be a barrier—it can enable new formats without making the technology the focal point. FEATURED | Frase ByForbes™ Unscramble The Anagram To Reveal The Phrase Pinpoint By Linkedin Guess The Category Queens By Linkedin Crown Each Region Crossclimb By Linkedin Unlock A Trivia Ladder As global companies continue exploring new ways to connect with their communities, campaigns like In the Moment show that blockchain can function in service of meaningful, scalable experiences—not just as a backend system or speculative platform. Oracle Red Bull Racing, and Abstract have delivered a project that is measurable in impact, global in scope, and concrete in execution. It's a signal that Web3 isn't just building for the future—it's starting to operate in the present. And for those watching the evolution of blockchain in real-world applications, this marks an important checkpoint: a high-profile, non-financial, on-chain activation that puts utility, culture, and user experience at the center. Did you enjoy this story about Onchain and F1? 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Business Mayor
07-05-2025
- Business
- Business Mayor
Ethereum ICO Whale Offloads $34M on Kraken Amid Pectra Upgrade Rollout
An Ethereum ICO whale sold 18,700 ETH worth $34 million. All transactions were made through the Kraken exchange. The sell-off aligns with the upcoming Ethereum Pectra upgrade. A long-term Ethereum-holding whale recently sold 18,700 ETH, valued at approximately $34.11 million. The whale is believed to have acquired Ethereum's native token, Ether (ETH), during the 2015 Initial Coin Offering (ICO). This significant offloading of ETH comes at a time when the Ethereum Pectra upgrade is approaching. In anticipation of the upgrade and hard fork, crypto exchanges like Binance have announced temporary suspensions of withdrawals and deposits for Ethereum-based tokens. The ETH whale originally purchased their cryptocurrency during the 2015 ICO, when each Ether was priced at just $0.31. At that time, the whale acquired approximately 76,000 ETH, and the associated wallet remained dormant for years until recently, when it began transferring ETH to the Kraken exchange. An on-chain analyst shared the activity on X, revealing that the whale transferred an additional 2,700 ETH, worth around $4.96 million, to Kraken. This move follows a series of significant sell-offs in recent weeks. Initially, the whale sold 14,000 ETH for $24.75 million and has since continued offloading more in subsequent batches. All of the sales have been conducted through Kraken. Given the original purchase price of $0.31 per ETH, the whale has secured substantial profits from these transactions. 他又来了💦 时隔三天，「2015 年 ICO 7.6 万枚 $ETH 的巨鲸」15 分钟前再次向 #Kraken 充值 2500 ETH（459 万美元），疑似抛售 目前他仍持有 11000 ETH，价值 2020 万美元，成本低至 0.31 美元 钱包地址 #Gateio | @Gateio_zh 赞助 — Ai 姨 (@ai_9684xtpa) May 7, 2025 According to reports, the whale currently holds 11,000 ETH, valued at approximately $20.2 million. However, it remains unclear whether they plan to sell the remaining holdings. If recent activity is any indication, this may not be the final ETH sale from the whale. Ethereum's Pectra Update These sales are occurring as Ethereum approaches a major upgrade, during a period of reduced spot trading volume. The upcoming upgrade is expected to enhance the network's overall functionality by introducing improved scaling capabilities, more efficient staking options, and advanced infrastructure enhancements. Adding to the market anticipation, the ETH-BTC Bollinger Bands are currently at their tightest since June 2020, a technical signal that often precedes a spike in volatility. Traders are closely watching the ETH-BTC pair, expecting increased price movement following the upgrade. next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content. Rose is a crypto content writer with a strong background in finance and tech. She simplifies complex blockchain and cryptocurrency topics, offering insightful articles and market analysis to help readers navigate the evolving crypto landscape. Rose Nnamdi on LinkedIn READ SOURCE
