Drone Racing League lands $100 million take care of crypto platform Algorand

Drone Racing League

Source: Drone Racing League

The New York-based Drone Racing League has signed its most significant sponsorship agreement to date with the cryptocurrency platform Algorand, the company announced on Tuesday.

DRL is a first-person view racing league in which drone pilots race devices through neon-lit courses and compete for prize money. The company was founded in 2015 and is now valued at $ 200 million, according to PitchBook.

The terms of the deal with Algorand weren’t released, but people who knew about the deal told CNBC that it was a five-year pact worth $ 100 million. The league partner remains the German financial services company Allianz, which has held the title rights since the beginning of the DRL. Excel Sports Management has negotiated the deal with Algorand.

In an interview with CNBC last week, DRL President Rachel Jacobson called the pact with Algorand “transformative” and the “perfect marriage”. She added the crypto platform and DRL is aimed at a “tech-setter” fan base.

Jacobson described Gen Z audiences as digitally savvy, early adopters, “who are just as interested in an Apple iPhone launch as they are in sports and entertainment.”

“When you look at what’s going on with crypto and blockchain, you need to make sure you’re targeting the right audience,” she added.

Boston-based Algorand has a blockchain or digital ledger and is traded on the cryptocurrency exchange under the ticker symbol SOME. As crypto continues to evolve in the financial sector, companies are positioning themselves to attract more digital consumers by using sports sponsorship to create awareness.

This year, crypto companies took over the sport Naming rights assets in the National Basketball Association and Major League Baseball, and one company achieved a $ 100 million deal with Freedom media– own Formula 1.

Drone Racing League

Source: Drone Racing League

Jacobson, a former NBA executive, said sports help newer companies gain brand awareness, but added that crypto firms still need to educate younger audiences about the field and use engaging platforms to get their message across. According to DRL, it reaches around 75 million fans worldwide

“You have to put in the right programming so it doesn’t just be a logo slap,” Jacobson said. “The crypto community is too smart – they only see through a jersey patch or signage. They want to know, ‘How can I get involved? And how will that change my sports experience?'”

DRL starts its sixth season on September 29th. The league has media rights deals with NBCUniversal and a streaming deal with Twitter. miscellaneous Include sponsorships Agreements with Draft kings, T-Mobile, Body armor that US Air Force. DRL is helping the Air Force recruit and train future drone drivers.

Drones used in racing events are designed and built by DRL who build models for each race. The drones are worth around $ 2,000 and can fly up to 90 miles per hour.

The global drone market – described as the “Unmanned Aerial Vehicle” sector – is expected to become $ 58 billion by 2026, by markets and markets. Since DRL also acts as a drone manufacturer, Jacobson said it wants to use products to generate more revenue.

“The possibilities are endless,” Jacobson said, noting that more and more companies are testing deliveries with drones. “We build our drones and when we think of other lines of business it could be anything. We’re just getting started.”

Correction: This article has been updated to reflect the year DRL was introduced.

Disclosure: NBCUniversal is the parent company of CNBC.

Hydrolix Cloud Knowledge Platform Helps Arkose Labs Save Cash and Ship Actual-Time Insights on Hundreds of thousands of Fraud Assaults Day by day

PORTLAND, Ore .– () – Hydrolix today announced the immediate availability of a case study describing Arkose Labs’ migration to the Hydrolix cloud data platform. Arkose Labs’ fast-growing data challenges: The only thing that scaled faster than the company’s triple-digit customer revenue growth was the cost of collecting and analyzing terabytes of raw data per day. They needed an alternative to their existing platform that would improve their margins and future-proof their business.

“The data challenges at Arkose Labs fit our mission perfectly,” said Marty Kagan, CEO of Hydrolix. “They record billions of events every day, each with hundreds of fields of sparse and complex, semi-structured, high cardinality data. They take care of real-time recording, they take care of long-term storage, and they take care of the kind of sub-second interactive query performance that you can’t get with brute force scans of unindexed data. ”

Today, after migrating to Hydrolix and Superset, Arkose Labs’ Security Operations Center (SOC) identifies, investigates and remediates threats at a lower cost than their previous data platform, which is based on market-leading NoSQL and document databases. Additionally, the move to Hydrolix has enabled Arkose Labs to consolidate their data infrastructure by eliminating the need for separate hot, warm and cold tiers.

“Dealing with fraud in real time requires tremendous speed and flexibility. Hydrolix enables our team to process over 100 million events per second / per core, exceeding our performance and scale requirements, ”said Ashish Jain, chief product officer of Arkose Labs.

From a product perspective, a unified data platform with unlimited retention builds on the success of Arkose Labs and enables the product team to expand the company’s capabilities and deliver value to customers on a much broader scale with real-time dashboards, unlimited filters, and visibility offer range of time periods. Complex forensic queries are now completed in milliseconds.

“Running our own copy of Hydrolix in our VPC has allowed us to truly leverage the potential of Amazon’s elastic infrastructure by independently scaling our compute and storage tiers in our data management stack,” said Joe Hsy, CTO of Arkose Labs.

For companies that value data, the answer to skyrocketing costs should never be to store less data. To learn more about how Hydrolix can help your business, check out the Arkose Labs case study at today www.hydrolix.io/case-studies/.

About Hydrolix

Hydrolix is ​​transforming the economics of big data so that organizations can ingest, store, and query petabytes of data without impacting performance, discarding data, or struggling with costs. Hydrolix’s patented technology is delivered cloud-on-prem, with no maintenance or egress, so customers stay in control of their data, reduce security and compliance risks, and no longer have to spend money on other people’s cloud infrastructure. Hydrolix is ​​supported by Wing Ventures, AV8 Ventures, Silicon Valley Data Capital, and the Oregon Venture Fund.

For more information, see hydrolix.io, Email info@hydrolix.io, or follow us on Twitter @GetHydrolix.

About Arkose Labs

Arkose Labs is ruining the fraud business model. Recognized as Cyber ​​Defense Magazine’s 2021 “Hot Company in Fraud Prevention”, its innovative approach determines true user intent and resolves attacks in real time. Risk assessments combined with interactive authentication challenges undermine the ROI of attacks, provide long-term protection while improving good customer throughput. Arkose Labs is headquartered in San Francisco, California with offices in Brisbane, Australia and London, United Kingdom. For more information, visit www.arkoselabs.com or on Twitter @ArkoseLabs.

DHGate platform celebreates their 17th anniversary in fashion

Anniversaries of the Chinese e-shops are always a happy moment for the customer, because it automatically means a big promo event full of discounts, coupons and giveaways. We have seen a lot of these over the years, but usually the anniversary is in the single digits. This is not the case with the legendary DHGate shopping platform, because they currently are celebrates its 17th anniversary. It’s hard to believe, but yeah, these guys have been with us for almost two decades. And their current celebration is certainly stylish.

The whole event started on August 24th and we have a few days left because it should run until the end of the month. As always, there is a huge amount of discount coupons out there for everyone, the company proudly boasts a $ 10 million coupon value. But that’s only the tip of the iceberg, of course, because there are tons of others Promotion Offers and events available. From the Lucky Spin raffle to special prizes and offers during their live streams to additional discounts for new buyers and much more. So it’s definitely a good idea to do that comprehensive event shopping guide to fully orientate yourself out there.

Super cheap car USB charger

There are also some key categories with massive additional discount offers so we can take a quick look at some of the offers. The discounts can be really massive because, for example, the advanced 4 port multi USB car charger with 48W, 7A, and QC3.0 support is available for just $ 4.99 with a full 50% discount. But that’s just a start.

Gaming PC on a budget

In the technology corner, for example, you can also find a complete set-up of a gaming PC. Equipped with a quad-core AMD processor clocked at 3.7 GHz, a Radeon RX560 GPU or a stylish case with tons of quiet fans, it is ready to be simply connected and used. For $ 332.49 each it is certainly one of the most interesting offers out there.

17th anniversary

Not just the electronics …

The offers do not only focus on technology and entertainment electronics. A large part of it also has some trend categories such as fashion wear, masks or Halloween things. This is how you can find things like looking great funny 3D printing shirts from $ 9.97 or Sets of decorative Halloween pillows. These should be of particular interest to new buyers, because for them it is just $ 0.03 per piece. And that’s always worth paying attention to. All in all, it can’t hurt Check out the entire DHGate 17th anniversary eventbecause there are sure to be some hidden gems.

17th anniversary

Woman Gaga strides in excessive model with monster-sized platform boots

Lady Gagas The latest looks have fans falling in love stupidly.

The “Rain on Me” singer was spotted in New York City in a tight-fitting black Magda Butrym dress with a small neckline, dark sunglasses and a box-shaped handbag.

The most noticeable part of her look were her monster-sized Pleaser platform boots, with which she strutted confidently through the streets of the city.

PHOTO: Lady Gaga was spotted walking the streets of Manhattan in New York on July 26, 2021. (James Devaney / GC Images via Getty Images)

The “Star is Born” actress was in NYC preparing to perform with Tony Bennett to celebrate his 95th birthday.

The concerts “One Last Time: An Evening with Tony Bennett & Lady Gaga” are expected to debut on August 3rd and 5th at New York’s famous Radio City Music Hall.

In addition to her latest look, Lady Gaga has continued to share old Hollywood glamor moments across the Big Apple for the past few weeks.

PHOTO: Lady Gaga is seen in New York on July 02, 2021.  (Jose Perez / Bauer-Griffin / GC Images via Getty Images)

PHOTO: Lady Gaga is seen in New York on July 02, 2021. (Jose Perez / Bauer-Griffin / GC Images via Getty Images)

She was seen in New York earlier this month rocking a dramatic puff sleeve polka dot top along with a black pencil skirt in an A-line. She topped off the look with bright red lipstick.

PHOTO: Lady Gaga is seen in New York on July 02, 2021.  (Gotham / GC Images via Getty Images)

PHOTO: Lady Gaga is seen in New York on July 02, 2021. (Gotham / GC Images via Getty Images)

Following her puff sleeve ensemble, Lady Gaga was also photographed in a gorgeous black dress and pumps on the same day walking to and from her NYC hotel.

PHOTO: Lady Gaga is seen in Midtown Manhattan on July 1, 2021 in New York City.  (Raymond Hall / GC Images via Getty Images)

PHOTO: Lady Gaga is seen in Midtown Manhattan on July 1, 2021 in New York City. (Raymond Hall / GC Images via Getty Images)

The day before, the singer and actress was spotted in midtown Manhattan wearing a ruffled Giambattista Valli dress topped with a cream Fendi coat and ankle strap shoes. She paired the look with a small, mint green box-shaped bag.

PHOTO: Singer Lady Gaga can be seen in New York on June 30, 2021.  (Raymond Hall / GC Images via Getty Images)

PHOTO: Singer Lady Gaga can be seen in New York on June 30, 2021. (Raymond Hall / GC Images via Getty Images)

MORE: Gabrielle Union is chopping off hair for inspirational reasons

At the end of June she was photographed by designer Giuseppe di Morabito leaving the Plaza Hotel in a patterned black and white dress with puff sleeves. It had a seductive heart-shaped neckline and a thigh-high slit.

Lady Gaga walks in high style with monster-size platform boots originally appeared on goodmorningamerica.com

Saweetie Celebrates Her Birthday in Model in Matching Set and Sky-Excessive Platform Sandals

If you purchase an independently rated product or service through a link on our website, we may receive an affiliate commission.

Saweetie started her birthday weekend in style yesterday.

More from shoe news

The “Best Friend” singer heralded her 28th year around the sun in a printed white crop top and skirt set with crystals and multicolored Louis Vuitton logo prints. Saweetie in real “ice cream girl” fashion, who combines the sparkling outfit with solid hoop earrings, rings, stacked bracelets and a rose gold watch set with diamonds. Her look also featured a bespoke diamond-coated necklace with an eye-catching starfish pendant designed by BlueMoon & Co. For added camp glamor, she put her hair in rivet-curlers.

The “My type” musician put on a towering pair of white platform peep toe sandals for the festivities. The pumps had a plateau in metallic gold and a 5-inch stiletto heel, as well as a heel and peep-toe strap that were printed with the same colorful logos as the singer’s dress. She stacked gold anklets on top, creating a big shoe statement.

Saweetie are no stranger to high-heeled sandals; The singer recently buckled on a pair of gold gladiator-style sandals for the BET Awards 2021. Platform sandals are among the most popular styles of the season and with their height and sturdy platform sole they immediately enhance any look. Saweetie is the latest star to showcase the style in a standout look this summer. Similar couples have been spotted with celebrities like Sofia Vergara, HER, and Paris Jackson for both everyday wear and the red carpet.

Saweetie wears Dolce & Gabbana on the red carpet at the BET Awards 2021. - Credit: Michael Buckner for PMC

Saweetie wears Dolce & Gabbana on the red carpet at the BET Awards 2021. – Photo credit: Michael Buckner for PMC

Michael Buckner for PMC

Saweetie also carried a vintage Louis Vuitton handbag made in collaboration with Takashi Murakami. The partnership between Murakami and then creative director Marc Jacobs began in 2003 with the renowned Multicolor Monogram collection, which includes the brand’s signature handbags in white and black leather with their logos printed in 33 colors. Saweetie’s style stems from this prestigious collection, the models of which all rose to “it-bag” status after being worn by stars like Jessica Simpson, Paris Hilton, Naomi Campbell and others. Her shoulder bag had a soft silhouette, along with a front pocket with a buckle and a light brown leather trim. Similar archive bags have now become collectibles worn by stars like Rihanna and Kendall Jenner.

The story goes on

Rihanna carries a Louis Vintage Vuitton x Takashi Murakami cosmetic box.  - Credit: Splash News

Rihanna carries a Louis Vintage Vuitton x Takashi Murakami cosmetic box. – Credit: Splash News

Splash news

The rapper always makes a statement with her wardrobe and wears everything from elegant Brandon Maxwell dresses to trendy rock and roll t-shirts. On the red carpet, she can often be seen in colorful and sparkling ensembles by Valentino, Mugler and Sebastian Gunawan. The singer is also a regular at New York Fashion Week and commands the front rows of The Blonds, Sergio Hudson and Brandon Maxwell catwalk shows.

However, Saweetie’s fashion experience extends well beyond the front row. She has created capsule collections with online retailer PrettyLittleThing and worked with Australian eyewear brand Quay. She recently launched the Matte Collection, an affordable line of co-branded swimwear. When it comes to shoes, the singer can be seen in pointy pumps and sandals with stilettos from brands such as Casadei, Tamara Mellon and Jimmy Choo. In her free time, she prefers sneakers from Nike and Vans as well as more flashy styles from Christian Louboutin.

Break up your summer outfits with a pair of platform sandals inspired by Saweetie.

Image Credit: Courtesy Steve Madden

Image Credit: Courtesy Steve Madden

Courtesy Steve Madden

To buy: Steve Madden Marciana Sandals, $ 130 $ 1.

Credit: Courtesy Farfetch

Credit: Courtesy Farfetch

Courtesy Farfetch

To buy: Michael Kors Collection Platform Sandals, $ 183 (was $ 203).

Credit: Courtesy of Aldo

Credit: Courtesy of Aldo

Courtesy of Aldo

To buy: Aldo Scarlett sandals, $ 90.

Click through the gallery for more from Saweetietie best style moments over the years.

Start gallery: 14 of Saweetie’s best style moments

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Revolution Leisure Providers Pronounces New Manufacturing Budgeting Platform, TrueBudget

THE ANGEL–() – Revolution Entertainment Services (“Revolution”) today announced TrueBudget, a new platform for production budgeting. TrueBudget is an easy-to-use budgeting and updating platform specially designed for short-form productions. Commercials, promos, music videos and offers producers a new way to increase the productivity of entire teams.

“TrueBudget will be a game changer for the commercial industry,” said Charlie Steiner, Revolution chief executive officer. “The current budgeting programs are out of date and have not kept pace with market demands. We look forward to changing this narrative. ”

TrueBudget features and benefits include:

  • Budget – Create a budget for your project in the industry standard AICP format

  • Update – Easily track production costs with simple logs

  • Design – Create your order template according to your wishes.

TrueBudget is now available. For more information on TrueBudget, see truebudget.io.

Revolution Entertainment Services is an entertainment production management and payroll services provider offering the ProTools software suite, which includes an end-to-end Digital Start and HTG payroll platform, production accounting, production calendar, budgeting and data analysis. With fantastic in-house resources to count on with your manufacturing incentives, labor and union contracts, Affordable Care Act, Residuals, and Entertainment Payroll, our office locations support U.S. manufacturing centers: Burbank, New Mexico, Georgia, Louisiana, New York, as and Canada.

Monetary Planners Can Uncover Consumer Cash Scripts® with the DataPoints Advisor Tech Platform |

MARIETTE, Ga., June 15, 2021 / PRNewswire-PRWeb / – The Klontz Money Scripts Inventory-II (KMSI-II) is now available to customers on DataPoints’ behavioral assessment platform. The KMSI-II measures customers’ Money Scripts®, fundamental beliefs about money that affect financial decisions and wellbeing. By identifying clients’ money scripts, financial advisors can customize advice to help clients overcome beliefs that prevent them from achieving important financial goals. With the exclusive publication on the DataPoints platform, consultants can easily expand their practice to include the KMSI-II and the psychology of financial planning.

Money Scripts and the KMSI-II were developed by Dr. Brad Klontz, CFP®, financial psychologist and founder of the Financial Psychology Institute. The KSMI-II provides consultants with detailed insights into each of the four Money Script components, including:

  • Money Avoidance – Belief that money is bad; that less money is better than more;
  • Money Focus – Belief that money is the critical component of happiness; Money can solve all problems; there is never enough money;
  • Money status – belief that self-worth is directly linked to net worth; Outward representations of wealth are important; Money will “take care of itself”;
  • Monetary Monitoring – Concern about saving money; Belief in the value of saving and working for money; believe that financial contributions are negative.

“Money scripts are among the most well-researched components of a client’s financial personality. DataPoints is excited to work with Dr. Klontz to bring this powerful tool to the financial services community,” said Dr. Sarah Stanley Fallaw, Founder and President of DataPoints. “Understanding the personality of money is the first step in providing tailored advice and guidance to help clients meet their financial goals. Now financial planning firms can easily identify a client’s underlying monetary beliefs with DataPoints.”

The assessment suite from Money Scripts is only available to companies via a. to disposal Subscription to the DataPoints behavior assessment platform. DataPoints’ technical advisory platform offers advisors the opportunity to:

  • Invite customers to join the KMSI-II. complete
  • Delivering branded Money Scripts reports to customers
  • Analyze changes in customers’ Money scripts over time
  • Compare Money Scripts Profiles for Couples
  • Investigate the results of Money Scripts across the company

In addition to the KMSI-II, consultants who subscribe also have access to the Financial Health Scale, a measure of the financial health of the entire household. Financial therapists and clinicians can also apply for access to the Klontz Money Behavior Inventory, an assessment of money-related disorders, including compulsive spending, financial literacy, and workaholism.

“Knowing yourself better is the best place to start to make changes and improve your financial life. Now, financial planning staff can evaluate clients’ money scripts and get tailored insights to help clients make financial changes and improve overall financial health, ”said Dr Klontz. “Discovering and exploring Money Scripts are important steps in helping clients achieve financial success in areas such as increasing income, wealth creation, and improving financial health. Money Scripts provides deep insights into not only your clients’ unique financial psychology, but also the process of self-discovery is engaging and fun. “

The KMSI-II and others from Dr. Assessments developed by Klontz meet the stringent DataPoint standards for scientific accuracy in the development of psychometric tests. The KMSI-II has been extensively studied and found to be related to income, assets, credit card debt, financial behavior, and other significant aspects of financial health. “With psychometrically based assessments such as the KMSI-II, companies can get an exact picture of the financial personality of their customers and use this knowledge to personalize communication, advice and services,” says Dr. Fallaw.

Consultants can sign up for a free two-week trial of DataPoints to access KMSI-II.

Via DataPoints

At DataPoints, we understand that customer mindset has an impact on spending, savings and investment decisions. We have developed a set of tools for financial professionals to identify the financial personality so clients can avoid behavior traps and achieve financial success. Our technical consulting solutions are based on more than 40 years of behavioral, consumer and demographic data that shaped the bestselling book The Millionaire Next Door. Find out more about DataPoints here.

Media contact

Amber DeGan, Data points, +1 678-389-5559, contact@datapoints.com

Twitter, Facebook

SOURCE data points

LAFC Signal Esports Leisure Group as Its Esports Event Platform Supplier in Multi-Yr Deal

Newark, New Jersey – (Newsfile Corp. – June 1, 2021) – Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLW) (or the “Company”) has signed a multi-year partnership with Los Angeles Football Club (“LAFC”) becomes the provider of esports tournaments for the Major League Soccer (“MLS”) franchise. As part of the multi-year agreement, the company will host esports tournaments for LAFC using its Esports Gaming League (“EGL”) platform.

“We are excited to expand our reach in MLS through our partnership with LAFC,” said Grant Johnson, CEO of Esports Entertainment Group. “We are excited to add LAFC to our growing list of high-level professional sports organizations and look forward to helping the team build connections and engagement with its growing fan base.”

As a proud partner of LAFC, Esports Entertainment Group will leverage the gamer pictures in the Southern California market and will also work with LAFC players to create custom videos promoting the tournaments and in the team’s extensive ongoing digital marketing efforts, social media and Email includes, featured, mobile and online channels.

“MLS and our club have been at the forefront of integrating esports to attract and expand our audiences,” said Larry Freedman, co-president of LAFC and CBO. “The partnership with the Esports Entertainment Group will provide us with the platform to deepen the connections with our fans and at the same time to achieve a new level of engagement.”

“This is another great opportunity to promote eSports while bringing our brand to a large and engaged audience,” said Magnus Leppäniemi, EVP Esports at Esports Entertainment Group. “LAFC, like other top teams in the MLS, NFL, NHL and others, recognizes the quality of our robust platform and its ability to meet the demanding requirements of large-scale operations in the high-profile segment in the months ahead.”

The story goes on

EGL enables live and online events and tournaments in which gamers can compete against each other and enjoy a wide range of content related to eSports and video games on a proprietary technology platform. Services include turnkey esports events, live broadcasts, game launches, and online branded tournaments.

About the Esports Entertainment Group

Esports Entertainment Group is a full stack esports and online gambling company, powered by the growth of video games and the rise of esports with new generations. Our mission is to connect the world as a whole to the future of sports entertainment in a unique and enriching way that brings fans and players together. Esports Entertainment Group and its subsidiaries are well positioned to help fans and gamers stay connected and engage in their favorite sports. From traditional sports partnerships with professional NFL / NHL / NBA / FIFA teams, community-oriented tournaments in a variety of esports and local LAN cafes, EEG has impacted the full spectrum of esports and gaming at All Levels. The company has offices in New Jersey, Great Britain and Malta. For more information, visit www.esportsentertainmentgroup.com.

About the Los Angeles Football Club

Los Angeles Football Club (LAFC) began playing in 2018 and is the newest MLS football club in the greater Los Angeles area. The LAFC, the Supporter’s Shield Champion 2019, has set itself the goal of building a world-class football club that represents the diversity of Los Angeles and offers fans an incomparable experience. LAFC’s ownership group consists of local industry executives and innovators with intellectual capital, financial prowess, operational expertise and success in entertainment, sports, technology and media. Investing in world football and in Los Angeles, LAFC is building and developing the 22,000-seat Banc of California Stadium and a world-class training center on the Cal State Los Angeles campus. visit LAFC.com for more informations.


The information contained herein contains forward-looking statements. These statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that could cause our actual results, activities, performance or achievements to be materially different from future results, levels of activity, or performance Achievements expressed or implied in these forward-looking statements. You should not rely on forward-looking statements as they involve known and unknown risks, uncertainties and other factors that in some cases are beyond our control and reflect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions regarding our business, business results, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons why actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they meet the requirements of the law.


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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85997

Cavaliers Crew Up With Esports Leisure Group to Turn out to be Official Esports Match Platform Supplier

Newark, New Jersey and Cleveland, Ohio May 26, 2021 – Esports Entertainment Group, Inc. announced a multi-year partnership with the Cleveland Cavaliers to become the official esports tournament platform provider for the NBA franchise. Under the new multi-year contract, the company will run three co-branded esports tournaments annually for the Cavs using its Esports Gaming League (“EGL”) platform.

“Our EGL platform continues to grow in popularity among professional sports companies,” said Grant Johnson, CEO of Esports Entertainment Group. “We are excited to announce the Cavs as the first NBA team partnership. Our robust tournament platform will help the Cavs.” Strengthening connections with their fans and creating new opportunities for engagement. “

As a proud partner of the Cavs, the Esports Entertainment Group will receive LED signage on the courtyard for all regular season home games in Cavs in the coming 2021-2022 season and will be the presentation partner of an annual night on the topic of sports. Esports Entertainment Group will leverage Cavs’ ongoing digital marketing efforts spanning social, email, mobile and online channels to promote the tournaments. The partnership also includes Cavs Legion GC, the team’s NBA 2K League subsidiary, with brand awareness on the player’s physical jerseys and in-game. Cavs Legion will also host an upcoming NBA 2K tournament operated by EGL.

“The growing popularity of esports provides our team with a great opportunity to forge deeper connections and engagements with our fans,” said Matt O’Brien, vice president of global corporate partnerships for Cleveland Cavaliers. “We believe these tournaments will be very popular with our fans and are a fun way to compete with players from around the world in a fun and social environment.”

“Working with the Cavs and other top teams in the NFL, NHL and other countries provides strong endorsement of the quality of our robust platform and its ability to meet the demanding requirements of large-scale, high-profile deployments,” said Magnus Leppäniemi, President of Esports at Esports Entertainment Group.

EGL enables live and online events and tournaments where players compete against each other on a proprietary technology platform and enjoy a wide range of content related to esports and video games. Services include turnkey esports events, live broadcasts, game launches, and online branded tournaments.

Accel-backed cell cash platform NALA to start out providing remittance companies to East Africa – TechCrunch

According to a McKinsey reportIn 2017, the total number of mobile money services worldwide was 282, with more than half of the services operating in sub-Saharan Africa.

In 2020 these numbers increased significant, but the ratio remained similar. According to a GSMA report. Of this number, 171 are from Africa and 157 are from sub-Saharan Africa.

In Tanzania, there can be mobile money services relatively Difficult to use due to unstable internet and high service fees. Benjamin Fernandes noticed this as a national TV presenter on building a mobile money service that will enable people in East Africa to pay for TV subscriptions as early as 2011.

Six years later he started his own mobile money and wallet aggregator. NALAto solve these problems. Its first mobile application enabled users to pay mobile money and use mobile banking without an internet connection. The company grew to 250,000 users in over a year after it was officially launched.

Last year the WorldBank forecast a sharp decline of international transfers to Africa. While Africa is still the most expensive region to send money to, with average transaction fees of 10.6%, the opposite is true. Remittance activity on the continent increased.

For example, Kenya had the highest referral rate ever $ 3 billionwhile WorldRemit acquired Sendwave for $ 500 million in August 2020, and Mama Money said it grew 500 percent over the year.

NALA also noticed an increase in transfer requests, with one in seven users trying to get money internationally. This happened even though I was not in this business at the time. It’s not difficult to see why: right now, over 70% of money is sent to sub-Saharan Africa is being processed through physical deals. When many OTC services were suspended or restricted due to coronavirus restrictions, people were left with expensive, unreliable, or difficult to access alternatives.

Combined with the increasing trend towards digital-first financial services and eavesdropping on requests from some users, NALA began testing international money transfers in August 2020 facilitate Payments from the UK to Kenya, Uganda and Tanzania. By building a multi-currency ledger where people can send money from the UK to Tanzania and back to the UK, NALA can create an account, according to Fernandes wise for Africa.

I think international payments are only built up to 1% today. Until you can send money both ways perfect, Our job is not done yet, “Fernandes told TechCrunch. We believe African markets should also be sender markets. There is a lot of trade with other countries and most of the money is sent over expensive Bank transfers or in physical stores. It doesn’t have to be like that; It’s time for something better. ”

Various platforms are trying to achieve this, but none specifically target the East African region. According to the CEO, this is NALA’s game. “We see a great advantage for us here. We’re on the ground, we understand mobile money, we’ve built bill payments on top of our previous product, and this is an extension of that, ”he added.

Benjamin Fernandes (CEO, Nala)

Since graduating from Y Combinator as the first East African company in 2019 NALA has brought other interesting investors on board to support its mission. Most notable is Accel, which has was held under lock and key for some time. The VC firm rarely does business on the continent and has only invested in NALA and Egypt’s Instabug. Other supporters are NYCA partner and angel investors like Shamir Karkal (co-founder of Simple), Peeyush Ranjan (former CTO of Flipkart and current head of Google Payments) and Thomas Stafford (DST Global).

NALA has also used the services of Nicolas appreciates, He was Vice President of Engineering at Osper and worked at Monzo to become the company’s CTO, which Fernandes said will greatly improve the company’s chances of achieving its goal. “When we added someone of his caliber to our team, it only opened the doors to what we could achieve as he created multiple currency books for various large companies.”

Currently, however, the company will be rolling out a beta product next month for UK-based customers sending money to Kenya and Uganda (Tanzania will come later).. The company claims the service will support instant payments to all major mobile money accounts and is entering into a number of banking partnerships to make this possible facilitate Money transfers from East Africa to the UK.