Latest news with #HyperledgerFabric
Int'l Business Times
24-04-2025
- Entertainment
- Int'l Business Times
Crypto Meets Tradition: Gala Games Partners With The White House For 2025 Easter Egg Roll
This spring, history cracks open a new chapter. Gala Games has become the first-ever crypto company to collaborate with the White House for its Easter Egg Roll. In April 2025, Gala brings a new twist by introducing a simple blockchain-based game that anyone could enjoy. It's a big step for Gala Games and a showcase of what GalaChain, the company's own Layer 1 blockchain, can do in real-world settings. A twist on the classic Easter egg hunt, accessible to all attendees at Families can dive into a free, easy-to-play game where collecting virtual eggs rewards them with unique NFTs powered by GalaChain. Inspired by the traditional egg hunt, this version lets players collect unique NFTs as they explore the game. These NFTs are stored on GalaChain, offering ownership and potential future use inside the Gala ecosystem like Gala Music and Gala Films. The game built to be easy, free, and accessible aims to make blockchain feel simple and welcoming. Powered by GalaChain This partnership is powered by GalaChain , the Layer 1 network that supports everything across the Gala ecosystem, from games to music to film. Designed for speed, low costs, and accessibility, GalaChain gives developers an easy path to build. Built on Hyperledger Fabric and supported by a decentralized network of Founder's Nodes, Galachain brings transparency and security while giving users real ownership of their digital assets. By integrating GalaChain into the Easter Egg Roll Gala shows this tech can support mainstream, family-friendly experiences at scale. Gala's Growing Entertainment Ecosystem This White House collaboration builds on Gala's growing list of high-profile partnerships across entertainment. Gala has teamed up with major players like DreamWorks Animation, AMC Networks, LG Global, and NBC Universal helping expand its reach from gaming into music and film. Gala Film, in particular, uses GalaChain to support artists and reward fans through NFT-based content ownership. It's part of Gala's broader mission to make blockchain useful across industries. Its relationship with Snoop Dogg is another standout. Back in 2022, Snoop released B.O.D.R. (Bacc on Death Row) on Gala Music as an NFT collection. Fans could own tracks and unlock exclusive rewards from merchandise to private concerts while artists maintained more control over their work. It is a preview of how Gala brings artists and audiences closer together through blockchain. The Easter Egg Roll is about tradition, family, and community and Gala Games steps in without disrupting that spirit. The game adds a new layer, but the event stays true to its roots. The focus on openness and accessibility mirrors Gala's values around decentralization and user empowerment. This collab also highlights Gala's leadership in the space. Founded in 2019 by Zynga co-founder Eric Schiermeyer, Gala has grown into a global company with over 350 employees and 1.3 million monthly active users. Its ecosystem spans Gala Games , Gala Music, and Gala Film all connected by GalaChain's reliable infrastructure. The White House moment marks a new chapter, signaling that blockchain has a role to play in shared cultural events. Looking Ahead By bringing a simple digital egg hunt to the Easter Egg Roll with the White House, Gala Games has created history. The game at is a small example of what's possible when technology supports tradition rather than replacing it. Backed by GalaChain and shaped by collaborations with major names like DreamWorks and NBCUniversal and artists like Snoop Dogg, Gala isn't chasing hype. It's building real-world experiences that are fun, inclusive, and built to last. The 2025 Easter Egg Roll might just be the start of something bigger where crypto quietly fits into moments that matter.
Associated Press
11-03-2025
- Business
- Associated Press
Pineapple Express Cannabis Company and Groovy Company Announce Strategic Share Exchange Agreement
Strategic acquisition combines GROOVY's blockchain-based cannabis authentication platform with Pineapple Express's industry presence ATLANTA, GA / ACCESS Newswire / March 11, 2025 / Pineapple Express Cannabis Company d/b/a PINYA XP (OTC PINK:PNXP) and GROOVY Company, Inc. f/k/a Santo Mining Corp. (USOTC:SANP) today announced the execution of a Share Exchange Agreement, creating a powerful partnership in the cannabis technology and authentication XP Under the terms of the agreement, Pineapple Express Cannabis Company will acquire a controlling interest in GROOVY Company, making GROOVY a subsidiary of Pineapple Express. The transaction will be executed through an exchange of 350,000,000 shares of Series A Preferred shares of GROOVY for 5,000,000 shares of common stock of Pineapple Express. This strategic combination leverages GROOVY's innovative centralized Hyperledger blockchain-based Platform as a Service (PaaS) with Pineapple Express's established position in the cannabis industry. 'This partnership represents a significant milestone in our mission to bring transparency and trust to the cannabis industry,' said Frank Yglesias, who serves as CEO of both companies. 'By combining GROOVY's cutting-edge blockchain authentication technology with Pineapple Express's industry presence, we're positioned to revolutionize how consumers verify the authenticity and origin of cannabis products.' About GROOVY's NFT-QR Tag Authentication System GROOVY has developed a pioneering platform that leverages Hyperledger Fabric blockchain technology and NFT standards (ERC1155, ERC725X, ERC725Y, and ERC735) to address significant challenges in the cannabis industry. The platform utilizes NFT-based QR codes to verify the authenticity and origin of cannabis products, combating counterfeiting and providing consumers with verifiable information. Key features of the platform include: Strategic Benefits This transaction provides several strategic advantages: The transaction is expected to close in the coming weeks, subject to customary closing conditions. About PINYA XP fna Pineapple Express Cannabis Company dba PINYA XP At PINYA XP (USOTC:PNXP), our mission begins with saving lives. Through our GROOVY PaaS 4IR Ecosystem, we provide unalterable verification of cannabis product authenticity, ensuring consumers receive exactly what they expect. This blockchain-powered system prevents counterfeit products from reaching the market, protecting consumers from potentially harmful substances while enabling healthcare professionals to confidently recommend products with verified profiles. Our centralized Hyperledger Fabric blockchain creates an immutable record of each product's journey from seed to sale. Every scan of our QR-NFT tags reveals a complete history of the product's cultivation, testing, and distribution, establishing an unbreakable chain of trust throughout the supply chain. This transparency isn't just about compliance - it's about creating a safer cannabis industry for everyone. The GROOVY Rewards program transforms product authentication into an engaging experience. Consumers earn rewards for verifying products, completing educational modules, and participating in our community. This gamification approach not only encourages active participation in product safety but also generates valuable data insights that help drive industry improvements. Our Geno-NFT Library revolutionizes intellectual property protection in cannabis. This secure, blockchain-based repository allows growers to register their unique strains and receive automatic royalties when their genetics are used in authenticated products. By ensuring fair compensation for innovation, we're fostering the development of new, high-quality cannabis varieties. The GROOVY Marketplace connects all these elements into a comprehensive ecosystem where authenticated products, verified genetics, and engaged consumers come together. Our AI-powered analytics engine processes this rich data to provide actionable insights, enabling businesses to make informed decisions while ensuring product safety and quality. Cautionary Statement Regarding Forward-Looking Statements This document may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect management's current expectations, assumptions, and projections about future events or financial performance and are not guarantees of future results. Forward-looking statements are inherently subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Statements containing words like 'believe,' 'anticipate,' 'endeavor,' 'estimate,' 'expect,' 'project,' 'intend,' or similar expressions identify these forward-looking statements. Specifically, statements regarding future growth, market adoption of Groovy's platform, regulatory developments, technological advancements, and financial performance in the cannabis and cryptocurrency industries are subject to these risks and uncertainties. Factors that could cause actual results to differ materially from those currently anticipated include, but are not limited to: the risks associated with the evolving cannabis market, including but not limited to regulatory uncertainties and changes in laws and regulations; competitive pressures within the cannabis sector; technological disruptions impacting operational efficiency; fluctuations in market demand; variations in product pricing; the ability to effectively penetrate new markets; and the potential financial or reputational impacts from legal, administrative, or regulatory developments. Further, risks relating to the volatile nature of the cryptocurrency market, potential security breaches, fluctuations in token values, and changes in investor sentiment are relevant considerations. These factors, as well as risks relating to the general economy, market volatility, and competitive activity, are further detailed within the 'Risk Factors' section of this document. The Company does not undertake any obligation to update or revise any forward-looking statements contained in this document, whether as a result of new information, future events, or otherwise. Investors should carefully consider these factors and the risks discussed throughout this report before making any investment decisions. This statement is made for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Further, investors should independently research and evaluate the potential risks and rewards of investing in the Company and the cannabis and cryptocurrency sectors. CEO
Zawya
11-03-2025
- Business
- Zawya
ATME completes its first tokenized asset issuance with gold-backed tokens
Manama, Bahrain – Marking a pivotal milestone in its mission to transform capital markets, ATME, the digital assets exchange licensed by the Central Bank of Bahrain (CBB), has successfully completed its first issuance of tokenized real-world assets (RWAs) with gold-backed tokens. With the support of the CBB, this landmark achievement showcases ATME's commitment to driving innovation in the Kingdom's financial sector. ATME issued two tokens, designed for accredited investors, which were acquired by an eligible investor. Each token is backed by one kilogram of gold to provide a modern and secure way to invest in one of the most trusted assets for wealth preservation. The company's tokenized gold offering allows ownership of the physical metal without the complexities of storage or transportation. The tokens represent gold that is securely held in custody until its redemption or trade in ATME's secondary market. Commenting on the milestone, Alex Lola, Chief Executive Officer of ATME remarked, 'Today marks a defining moment for ATME as we launch our first tokenized gold issuance. By combining the timeless value of gold with the transformative potential of blockchain technology, we are unlocking new ways for investors to access and trade high-value assets. This achievement highlights our team's tireless dedication and our collective vision of building. We are excited about the possibilities ahead as we plan to expand our offerings to include more asset classes on our platform.' ATME's first digital asset issuance reflects its strategic focus on increasing efficiency in asset ownership and trading, supported by blockchain technology and robust regulatory compliance. As the company expands its offerings, future issuances will provide investors with access to a wider range of alternative assets. ATME remains focused on driving financial inclusivity and efficiency in the local and regional capital markets. -Ends- About ATME ATME is a licensed digital assets exchange regulated by the Central Bank of Bahrain. Built on the enterprise-grade Hyperledger Fabric (HLF) blockchain framework, ATME brings borderless accessibility and liquidity to private capital markets through the tokenization of Real-World Assets (RWA). The company connects businesses looking for seamless and efficient capital-raising solutions, with institutional investors seeking to diversify their investment portfolios into new high-value asset classes. The private blockchain-based platform provides a highly secure digital marketplace that facilitates the sourcing, trading, tracking, investing, and ownership exchange of tokenized securities, commodities, private equity and more – all within a transparent and compliant ecosystem. Offering a comprehensive range of services designed to optimize the capital raising process and maximize investment potential, ATME is leveraging the liquidity and trading efficiencies presented by RWA tokenization to become a leading player in the regional and international financial marketplace.
