Singapore, Apr 22, 2022 - (ACN Newswire) - Amidst skyscraping digitization drives in Southeast Asia, its digital economy is projected to hit $1 trillion by 2030. With colossal volumes of data being generated every second, the region is breeding a multi-billion-dollar Big Data Analytics industry.
Taking cue from the above developments, all the while trying to support the Big Data Analytics organizations in the region, Tradepass hosted BYTES for the first time in ASEAN, virtually on 12 - 13 April 2022.
"While explaining the massive growth in data, Karthikeyan Rajasekharan (Senior Director, Data and AI Solution, Sales - APAC, Microsoft APAC) mentioned, "As we went through that journey, we recognized that we needed a modern data estate and we have moved from our value licensing days which had the smallest transaction between $400+ dollars to a place in the cloud where the smallest transaction is anywhere between $3 to $4, which means there has been sheer amount of growth in the data and now we need to think about how we have to modernize ourselves."
The 2-day virtual summit hosted 1000+ Big Data Analytics professionals from the leading public and private organizations across ASEAN which included the CDOs, CXOs, CIOs, CTOs, CMOs, Heads of IT, Data Scientists and many other senior profiles.
Chris D'Agostino, Global Field CTO, Databricks, spoke in great detail on transforming organizations by enabling data and AI at scale. During his presentation, he expressed, "When we did a survey in partnership with MIT Technology Review, we studied 351 companies around the globe, a third of which were here in APJ, and the number one regret that most data leaders had was that they didn't standardize using open standards. Instead, they chose proprietary capabilities and felt locked into a particular vendor or solution."
Microsoft, Databricks, Dataiku, Cloudera, Tech Data, BMC, Aerospike, H2O.ai, Vertica, Domo, Denodo, Snowflake and Fivetran were literally the face of the summit as they had their own exclusive virtual exhibition booth to showcase their cutting-edge solutions. Some of them even gave insightful sessions during the conference on the most pressing topics which included 'Data Stewardship', 'How To Formulate and Implement a Winning AI Strategy', 'Hybrid Data Cloud', "From AI Experimentation to AI Monetization', 'Accelerating Data-Driven Outcomes with DataOps & Cloud' and many more.
While enlightening the delegates on Hybrid Data Cloud, Carlos Zorzin (Senior Partner Sales Engineer, Cloudera) commented, "89% of IT-decision makers believe a hybrid cloud environment is the optimal choice to easily and securely store and move data as well as manage workloads. In order to achieve that, companies need a data platform that lets them easily move data and workloads from private clouds, to public clouds, and even to the edge - with scale. That's Hybrid Data Cloud."
When asked about the response from the delegates, Sudhir Jena, the organizer and CEO of Tradepass said, "Bytes 2022 - ASEAN delighted the 1000+ delegates with the top-line of solution providers and experts from the public & private domain and the delegates had very insightful interactions including Q&As with the experts. The delegates also got a chance to explore the latest solutions from the stellar organizations at the summit and collaborate with them to leapfrog their competitors."
Providing access to the global emerging markets, Tradepass brings together people, products and solutions to power events for unparalleled business and networking opportunities. Being the most accredited event company, it helps organizations: enter new markets, grow sales pipeline, close prospects, raise capital and identify the right solution-providers.
As a deal facilitator, Tradepass is always determined about exposing the most agile liquid growth markets, to enable all-round scalability and growth.
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comAmidst skyscraping digitization drives in Southeast Asia, its digital economy is projected to hit $1 trillion by 2030. With colossal volumes of data being generated every second, the region is breeding a multi-billion-dollar Big Data Analytics industry.
Tallinn, Estonia, Apr 22, 2022 - (ACN Newswire) - Heroes of Arcan, an upcoming play-to-earn epic heroic fantasy game that aims to place the destiny of the world of Arcan in the hands of players for both in-game action and development is set to launch a token and NFT sale event in Q2 2022 that will allow players to participate in the development of the world of Arcan and access ARCAN tokens prior to launch.
Of 100 million ARCAN tokens minted on the WAX blockchain, 14 percent will be reserved for the Heroes of Arcan play-to-earn model, 6 percent to a private sale underway in Q2 2022, and 12.5 percent for the public token sale. A further 24 percent will be held in reserve in a community wallet and used to reward players and ARCAN token holders that stake in the Heroes of Arcan DAO.
Heroes of Arcan, founded by Thomas Gio, is set to launch in mid-Q3 2022. Further information on the Heroes of Arcan project and token sale can be found via socials.
The play-to-earn gaming industry has created an NFT-fuelled revolution over the last year. Over the course of 2022, play-to-earn games saw over $4.5 billion in trading volume transacted through blockchain-based games across over 754,000 daily active wallets.
Many of the play-to-earn games available to players today, however, lack the narrative and multiplayer community features associated with games within the mainstream gaming market. In many cases, play-to-earn games place a strong emphasis on generating potentially valuable NFT-based game elements that can be sold for a profit through in-game or secondary markets for cryptocurrency.
Heroes of Arcan aims to disrupt the contemporary play-to-earn paradigm with an epic narrative-rich heroic strategy game that pits players against each other within a vibrant, evolving fantasy universe. Drawing from strategic resource and territory management games, MMOs, and hero-focused elements of MOBA games, Heroes of Arcan is positioned to bring the "play" back into the "play-to-earn" model.
Building the First Player-Driven Epic Fantasy Game DAO
Heroes of Arcan launches players into the fantasy world of Arcan, in which players join factions and compete over territory fractured by conflict, war, and magical catastrophes of world-ending proportions. The world of Arcan is represented by 20,000 individual land pieces, each of which is an NFT — players collect sources, build tools, and capture land in order to create structures and collect Heroes.
The epic fantasy narrative of Heroes of Arcan provides play-to-earn gamers with far more than a means of generating profit from their playtime — Heroes of Arcan developers have made a concerted effort to create a vivid world in which their players are able to form alliances, create and execute novel strategies, and create teams of powerful heroes.
While Heroes of Arcan integrates many of the features expected of a strategy play-to-earn game, such as upgradable equipment, structures and tools, harvestable resources, and in-game marketplaces that allow players to trade with one another, a number of unique social and governance features make Heroes of Arcan a highly disruptive presence within the play-to-earn market.
Dynamic Peer-to-Peer Marketplace Reinvents Play-to-Earn Model
The resources, heroes, territory, and other gameplay elements of the Heroes of Arcan universe can be freely traded by players through an in-game marketplace. The way in which Heroes of Arcan handles trading in-game, however, functions very differently from the static, centralized models found in many other play-to-earn games.
Rather than operate in a vertical manner, the Heroes of Arcan economy integrates an organic growth model that promotes player-driven economic evolution and prevents economic imbalance. Arcanium, Heroes of Arcan's in-game currency, is represented by the ARCAN token, placing control over the flow of value in the world of Arcan in the hands of players.
Transactions and trades made with ARCAN in Heroes of Arcan are subject to a tax, which forwards a part of fees paid by players using in-game marketplaces to a community wallet. ARCAN held in this community pool is used to reward players that stake ARCAN in order to participate in the Heroes of Arcan DAO.
Heroes of Arcan allows players to interact directly with the governance and development of the universe of Arcan by implementing a Decentralized Autonomous Organization model — players that stake ARCAN not only receive rewards from the community wallet, but can also propose and vote on changes that will affect the destiny of Heroes of Arcan.
The Heroes of Arcan economic model is supported by a horizontal gameplay system that ensures new players are able to gain a footing in the competitive world of Arcan, eliminating the centralization of resources and in-game power that occurs in other play-to-earn games.
Social interaction plays an important role in the world of Heroes of Arcan. New players of Heroes of Arcan choose a faction — the diplomatic Preachers, the warlike Conquerers, or the magically adept Wiser — to align with. Each faction is represented by a continent in the world of Arcan. Players in each faction are able to communicate with each other in dedicated Discord servers, opening the door to the formation of player alliances and guilds - or betrayal.
Economic sustainability within Heroes of Arcan is driven by additional features that will include mini-games, seasonal events, and territory updates. Early stages of the game offer power and economic scaling through resource collection, but later updates will provide players with the opportunity to improve and level up heroes, lands, tools, and equipment, create potions and enchantments, or build new architecture elements to add additional layers of economic complexity.
Robust Story-Driven Gameplay
The lore that drives the gameplay within Heroes of Arcan provides players with a far more compelling storytelling experience than any other play-to-earn game on the market. Heroes of Arcan developers provide a robust narrative and history behind the world of Arcan, launching players into a world in which three factions compete for territorial dominance.
Heroes offer players a powerful way to gain passive benefits when collecting resources, as well as a means of exploring new territory and gaining access to randomized loot drops through chests.
Dubai, UAE, Apr 19, 2022 - (ACN Newswire) -RaysX, an analytical platform that helps traders and investors to holistically analyze the cryptocurrency market and decentralized finance, will launch its own RAX token.
Early investors may have the opportunity to participate in the private sale of $RAX tokens before listing on crypto exchanges. According to the founders of the project, they only consider the RAX listing on the major crypto exchanges, including Binance. To purchase a token at a favorable price, investors and users need to fill out a whitelist.
"RAX is a native utility token of RaysX that helps developers monetize and stimulate the evolution into DeFi 2.0. It is a medium of exchange between developers and DeFi investors using Web3 applications. Third-party developers can build and deploy apps while users can use these apps by paying with RAX," said RaysX founder George Gus.
RAX token can be used in multiple cases, one of which is app deployment. This means that external app developers access ready-made modules to build and deploy their applications using RAX token. In addition, users pay external app developers for the rights to access these apps using RAX tokens. They also get access to exclusive analytics and forecasts created by analysts and seasoned traders. At the same time, DeFi investors pay transaction fees required by trading apps on RaysX platform.
RaysX is designed to bring together the best minds of the crypto industry to accelerate the transition to DeFi 2.0 by overcoming and breaking down the constraints that are preventing the crypto market from becoming a full-fledged alternative to traditional finance today. List of RaysX key products includes:
RAX Token. A native utility token of RaysX that helps developers monetize and stimulate the evolution into DeFi 2.0.
The environment of the external Open Source Apps for DEXs and DeFi with monetization through RAX Token.
The ML Prediction algorithm for deep data analytics and ranking with an open API for developers.
Analytics Dashboard, DEX Terminal, and marketplace for external apps.
RAX CryptoRank. A ranking algorithm to build a fairer rank.
External Apps. A marketplace for external applications that allows any developer to deploy his application to the platform and make it available to a wide range of investors and users.
Bitcoin’s price looks like it is in a rut after the recent crash that began on 5 April. This downswing confirms an ongoing consolidation that, fortunately, forecasts that a short-term uptrend is likely for BTC. BTC remains bullish but faces an uphill battle Bitcoin’s price has crashed by roughly 18% since 28 March from $48,238 […]
SARAWAK, Malaysia, Apr 13, 2022 - (ACN Newswire) - A deep interest in forestry prompted Januarie Kulis, 37, to turn this field into a career. She has been the Niah National Park Ranger since 2011, and has never regretted leaving the city's busy atmosphere and making flora and fauna as her 'office'.
Born in Sibu, Sarawak, Januarie is a graduate in Bachelor of Forestry Science from Universiti Putra Malaysia and has been with the Sarawak Forestry Corporation since 2006.
As park ranger, Januarie is responsible for managing overall field operations at Niah National Park including protection and conservation, management and eco-tourism.
"When I graduated from university, I chose to work in this field. I wanted to be a part of the process of conservation and protection of this treasure. Now, I have the opportunity to be directly involved in conserving and protecting the invaluable natural world."
While this career seems tough and far from the perception of every woman's dream job, Januarie never considered her job as a challenge because she was doing the job she loved.
For Januarie, many valuable memories and experiences can be enjoyed that may not be available through other careers. She is able to meet and engage with different communities through the programmes conducted.
"Many tourists think that all national parks in Sarawak are the same until they visit every national park in the state. Each national park in Sarawak has its own value and provides a different experience for each visitor.
"In Niah National Park, there are four significant attractions, which are archaeological historical sites, swiftlet nests (sarang burung walit), limestone and biodiversity," she said.
Niah Cave is in the hinterland of Miri, Sarawak and has been gazetted as a historic site under the authority of the Sarawak Museum and located within the Niah National Park which is protected by the National Park and Nature Reserve Ordinance.
Januarie said that due to the Covid-19 pandemic, Niah National Park had to be closed for a period of time. However, they are ready to reopen the national park with stricter Standard Operating Procedures (SOP) in compliance with the recommendations of the Ministry of Health Malaysia (MOH).
"The tourism industry plays an important role in connecting this national park with the public as well as generating economic income. National parks can provide many benefits in terms of physical, spiritual and mental."
"Those who love nature will be able to enjoy peace at this park. Eco-tourism has many benefits and can build a healthy society," she said.
Eco-tourism is one of the main themes of tourism activities in Sarawak. Now, many city dwellers have begun to appreciate the values of nature as a therapeutic tool to get away from the congestion of city life.
The flora and fauna found in Sarawak is unique and has an undeniable diversity, both for researchers and the general public. Iconic species such as orangutans, rafflesia flowers and a variety of habitats provide an exciting experience for tourists.
Meanwhile, according to a Sarawak Forestry Corporation (SFC) spokesperson, efforts to make Gua Niah National Park recognised as a World Heritage Site by the United Nations Educational, Cultural and Scientific Organization (UNESCO) is underway.
"Niah National Park has been listed in the category of 'MIXED PROPERTIES' which means it has both advantages in terms of nature and culture that can be highlighted and has the opportunity to compete with other candidates in the world," she said.
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comA deep interest in forestry prompted Januarie Kulis, 37, to turn this field into a career. She has been the Niah National Park Ranger since 2011, and has never regretted leaving the city's busy atmosphere and making flora and fauna as her 'office'.
MIAMI, FL, Apr 9, 2022 - (ACN Newswire) - Cyber Yachts, the world's first metaverse yacht company, a division of Monsoon Blockchain Corporation, is announcing the world's most expensive NFT - a 120 meter (394 foot) mega yacht named "Indah," priced at $400,000,000 USD (Indah can be purchased in Ethereum (ETH), Bitcoin (BTC) and Bitcoin Latinum (LTNM)). In addition to the NFT, the buyer will also receive the real-world, fully constructed 394 foot mega yacht based on the same design, built by one of the world's most respected luxury yacht shipbuilders.
The project is a collaboration between Cyber Yachts and internationally renowned yacht designer Lukasz Opalinski of Opalinski Design House. Opalinski's clients include Italian shipbuilding company Benetti and Netherlands-based yacht builder, Oceanco. Mentored by distinguished mega yacht captain and naval expert John Henson, Opalinski won the New Designer of The Year award in 2005 and 2006 from London's famed New Designers Show. Opalinski's yacht design presentation for "Project Magnitude" garnered 9.5 million views on YouTube.
"Passion for "being on the water" is what drives my emotions into the creation of extraordinary vessels, that are designed to set new industry standards and bring new dimensions to the yachting experience. Form and function exist in simultaneous harmony," stated Opalinski.
The Indah, which means "beautiful one" in Indonesian, features a revolutionary, patented design concept, where the transom bulkheads (the sides of the boat at the stern) rotate outwards, revealing additional deck space that nearly doubles the size of the conventional swim platform, creating a sprawling beach club effect as the platform lowers to meet the water.
The mega yacht can accommodate a total of 24 guests across 12 cabins, and can fly across the water at a top speed of 24 knots, with a range of 7,000 nautical miles. Other features include a helicopter landing pad, a massive 5,500 GT interior, casino room, gym, sauna, private owner's suite with dedicated aft deck balcony, and a foredeck hot tub with sunbeds and retractable sunshade.
Cyber Yachts was founded in partnership with three time Grammy-nominated recording artist Quavo of the platinum selling group Migos. Quavo recently joined Justin Bieber's star-studded Justice Tour, and is now a featured character in the popular game NBA 2k22.
Cyber Yachts is building a luxury event and online gaming metaverse of yachts, celebrities, rockstars, island hopping, and a vast ocean of destination playgrounds. At the heart of the experience will be the SuperYacht, each unique and designed specially for its own mega rockstar, celebrity, or luxury brands captain. Cyber Yachts intends to offer users, through tickets and VIP passes, experiential curated events, performances, gaming quests, luxury digital goods and social fun.
For more information about Cyber Yachts, please visit cyberyachts.com
Market research firms have projected the global yacht market to hit $8.5 billion in 2021, up from $8.15 billion in 2020, and it is estimated to reach $12.16 billion by 2028. During the pandemic, the number of billionaires in the world climbed from 2,095 to 2,755 and their cumulative wealth increased by 60 percent, or $5 trillion.
The metaverse has been gaining significant popularity and value in the past year, with a major increase of companies and celebrities buying plots of virtual "land" in The Sandbox and Decentraland, allowing them to digitally market, raise awareness and extend their brands. Several major global investment banks have predicted that the metaverse could be an $8 trillion market opportunity.
Cyber Yachts is positioning itself well in a lucrative NFT market. Another major bank recently increased its market-cap forecast for the NFT market to $80 billion by 2050, with double digit growth for the next five years. One major NFT company recently raised $450 million from leading venture capital firms, valuing the company at $4 billion. This marked one of the largest seed rounds for any NFT collection to date.
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comCyber Yachts, the world's first metaverse yacht company, a division of Monsoon Blockchain Corporation, is announcing the world's most expensive NFT - a 120 meter (394 foot) mega yacht named "Indah," priced at $400,000,000 USD (Indah can be purchased in Ethereum (ETH), Bitcoin (BTC) and Bitcoin Latinum (LTNM)).
KLANG, Malaysia, Apr 8, 2022 - (ACN Newswire) - LTKM Berhad (LTKM), a leading chicken egg producer, today announced a composite proposal, chiefly to divest the Company's existing business and venture into the business of providing of electronic manufacturing services (EMS) while at the same time, rectify its non-compliance with the public spread requirement of its shares under the listing requirements of Bursa Securities Malaysia Berhad.
Chai Voon Sun, co-founder and Managing Director of Local Assembly [L] and Executive Chairman of LTKM, Datuk Tan Kok
Wee Thian Song - Co-founder, Executive Director and Engineering Director of Local Assembly; Gurmakh Singh - Co-founder, Executive Director and General Manager of Local Assembly; Datuk Seri Chiau Beng Teik - Executive Chairman of Chin Hin Group Berhad; Chai Voon Sun - Co-founder and Managing Director of Local Assembly; Datuk Tan Kok - Executive Chairman of LTKM; Tan Kah Poh, Kenny - Independent Director of LTKM; Rahman Ali Bin Abdul Wahab - Director of Proven Venture Sdn. Bhd. [L-R]
Executive Chairman of LTKM, Datuk Tan Kok said, "At its core, the proposals seek to reward our shareholders from the proceeds of the disposal of the Company's existing poultry business while at the same time, allow them to continue participating in the new EMS business following the proposals."
"The proposed disposal comes amid the challenging operating landscape for the poultry industry brought on by overcapacity, low average selling price of eggs, high raw material prices, difficulty in controlling disease outbreaks in the farms and acute labour shortage. In relation to these challenges, we have also incurred losses in the recent financial years ended 31 March 2020 to 2021 and for the nine-month period ended 31 December 2021. This has affected our ability to pay dividends too."
"Concurrent with the proposed disposals, we believe the proposed acquisition of the EMS business is an opportunity to create value for our shareholders through a business that is viable and profitable."
Briefly, the proposals comprise the following inter-conditional steps:
1. Proposed disposal of LTKM's existing business to Ladang Ternakan Kelang Sdn Bhd (LTKSB) for a total cash disposal consideration of RM158.83 million. LTKSB, which holds 71.6% of the equity interest in LTKM, is also the holding company of LTKM;
2. Proposed special dividend and capital repayment of RM1.1098 per LTKM share totalling RM158.83 million on an entitlement date to be determined;
3. Proposed consolidation of two existing LTKM shares into one LTKM share following the proposed special dividend and capital repayment;
4. Proposed acquisition by LTKM, of 100.0% equity interest in Local Assembly Sdn Bhd (Local Assembly) from Chai Voon Sun, Gurmakh Singh a/l Ajmer Singh, Wee Thian Song, Divine Inventions Sdn Bhd and Proven Venture Sdn Bhd (Vendors) for RM336.00 million to be satisfied through cash of RM100.00 million and the issuance of 393,333,333 new LTKM shares at an issue price of RM0.60 each;
5. Proposed restricted issue of 230.00 million new LTKM shares at an indicative issue price of RM0.60 each, representing 33.1% of the enlarged share capital of LTKM after the proposals to investors to be identified;
6. Proposed exemption to the vendors and persons acting in concert from the obligation to undertake a mandatory take-over offer to acquire the remaining LTKM shares not already owned by them upon completion of the proposed acquisition; and
7. Proposed change of name to "LA Technology Berhad" from "LTKM Berhad".
The proposed acquisition will result in a significant change in LTKM's business direction from a producer of chicken eggs to becoming an EMS provider. Local Assembly, an EMS provider, will become a wholly-owned subsidiary of LTKM while the vendors of Local Assembly will become LTKM's controlling shareholders with a 56.6% equity interest in the Company following the proposed acquisition and proposed restricted issue. By virtue of his shareholding in Divine Inventions, Datuk Seri Chiau Beng Teik, the Executive Chairman of Chin Hin Group Berhad, will become a major shareholder of LTKM.
Under the proposed acquisition, the vendors have provided a profit guarantee for Local Assembly of a minimum profit after tax (PAT) of RM28.00 million for the financial year ending 31 December 2022 or not less than an aggregate of RM50.00 million PAT for both financial years ending 31 December 2022 and 2023. Based on the guaranteed PAT of RM28.00 million for the financial year ending 31 December 2022, the purchase consideration represents a price to earnings multiple of 12 times.
For Chai Voon Sun, co-founder and Managing Director of Local Assembly, the listing of Local Assembly via LTKM means a realisation of 2 decades of hardwork for him and his co-founders and a step forward in the company's journey of growth and expansion. "This transaction is a major milestone for Local Assembly. We look forward to the next phase of our corporate journey as a listed entity, which will further accelerate our growth as an EMS player, allow us to expand our customer base and product offerings and pursue more opportunities" he adds.
Local Assembly, which started operations in 2000, is a manufacturer of electronic, electrical and plastic injection moulded components, and sub-contract assembler of electrical appliances and equipment. Its principal markets are Malaysia and Singapore. For the financial year ended 31 December 2022, Local Assembly achieved PAT of RM20.06 million on the back of a revenue of RM116.35 million.
The application for the proposals is expected to be submitted to the relevant authorities by the second quarter of 2022. Subject to approvals from relevant parties including Securities Commission, Bursa Securities Malaysia Berhad as well as shareholders of LTKM, the proposals are expected to be completed in the first half of 2023.
M & A Securities Sdn Bhd is Adviser to LTKM for the proposals.
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comLTKM Berhad (LTKM), a leading chicken egg producer, today announced a composite proposal, chiefly to divest the Company's existing business and venture into the business of providing of electronic manufacturing services (EMS) while at the same time, rectify its non-compliance with the public spread requirement of its shares under the listing requirements of Bursa Securities Malaysia Berhad.
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