Technology

Mezo, Thesis’ BitcoinFi Project, Completes $7.5M Strategic Round lead by Ledger Cathay Fund

Published

5 months ago

July 26, 2024

Ledger Cathay Fund’s investment on BitcoinFi with Mezo commits to supercharging the evolution of the global Bitcoin Finance ecosystem Strategic investment plus prior funding led by Pantera Capital brings Mezo’s total amount raised to $30M

NEW YORK, July 26, 2024 /PRNewswire/ — Thesis, one of the longest-standing venture studios funding and building brands on Bitcoin, today announced its strategic funding round led by Ledger Cathay Fund, Ledger and Cathay Innovation’s early-stage venture fund, for Mezo, its permissionless Bitcoin Economic Layer. This brings total funding for Mezo to $30M following its launch in April 2024. Other investors in the strategic round include ArkStream, Aquarius Fund, Flowdesk, GSR, Origin Protocol and Bybit ecosystem project, Mantle’s EcoFund.

Mezo will use this investment to accelerate technology development and grow the BitcoinFi ecosystem. This includes focus on integrating other ecosystem partners, like the recently announced integration of yield protocol, Acre, and wallet partners to enable a fulsome BitcoinFi experience, like the recently announced ability for Mezo users to “log in” with Bitcoin using both hardware wallets and web wallets like Unisat, OKX, and Xverse. Ledger plans to integrate Mezo directly into its suite of products with further details on integrations to be disclosed in the near future.

Matt Luongo, CEO of Thesis & Founder of Mezo, commented on today’s news: “Ledger Cathay Fund’s support for Mezo is a strong testament that BitcoinFi is the future of ownership, that Mezo is the leader in building the technology behind this future. Today is a tremendous milestone in our work with investors and peers to expand the Bitcoin network, bringing on-chain a circular economy that empowers people worldwide to put BTC to work.”

Mezo, built by Thesis, amplifies Bitcoin‘s infrastructure by facilitating cheap, efficient transactions. In turn, it preserves the Bitcoin network’s foundational principles, including security, dedication to open-source development, and a BTC-first HODL mentality. Distinct from other Bitcoin L2s, Mezo provides users access to applications usable in the real world. Features include Thesis-built tBTC, which allows for trust-minimized bitcoin bridging to numerous ecosystems, plus staking with stBTC, supported by Acre, Thesis’ recently launched Bitcoin-in, Bitcoin-out staking platform.

Mezo serves as a venue for users to maximize Bitcoin‘s full potential beyond being a store of value. Users can leverage applications to transact securely with Bitcoin without roadblocks like fragmented user experience and high gas fees. To date, Mezo has $124.5M in total volume locked and 2,152 Bitcoin deposited in the protocol.

Thesis, one of the longest standing Bitcoin builders, founded in 2013, has supported multiple brand launches of projects within the Bitcoin ecosystem including Mezo, Acre, tBTC, and Fold – who recently announced its plans to go public as the first pureplay financial services company powered by Bitcoin.

Investor Quotes:

Pascal Gauthier, Chairman and CEO of Ledger: “At Ledger, we are Bitcoiners and we believe Bitcoin is the event. But the landscape of Bitcoin is changing. People want to do more with their Bitcoin, and we need to not only support these new developments in Ledger products, but actively support the future of Bitcoin development. We are therefore thrilled to invest in Mezo, a groundbreaking Bitcoin project that we believe will significantly impact the Bitcoin ecosystem. This investment signals our confidence in Thesis and their project, Mezo, based on their long standing track record of building successful brands in the Bitcoin ecosystem.”

Marguerite de Tavernost, Investment Director at Ledger Cathay Fund: “We really believe in Mezo’s unique vision to supercharge Bitcoin to become an economic layer. Thanks to all the synergies created by their Thesis incubator, Mezo can be the core element of this ecosystem, and create network effects from their decentralized bridge with tBTC to their consumer app with Fold. We were truly impressed by this unique positioning, combined with the very impressive execution capabilities of the Mezo team.”

David Toh, Managing Partner of Mirana Ventures, Mantle EcoFund’s operator: “Investing in Mezo perfectly aligns with Mantle’s vision of supporting and scaling innovations in the Bitcoin ecosystem. We have confidence in Mezo and the synergistic projects led by the Thesis team. We look forward to fostering Mezo’s growth through potential strategic collaborations with projects within the Mantle ecosystem, such as Ignition ($FBTC) and Mantle LSP (Mantle’s Liquid Staking Protocol).”

About Ledger Cathay Fund:

Ledger Cathay Fund is an early-stage venture fund that provides capital to emerging startups in the Web3 ecosystem, while delivering at the same time unique value added to founders. The fund invests at Seed and Series A in companies across the globe both in equity and tokens.

The fund is the alliance of market leader Ledger for digital assets custody and of global venture capital firm Cathay Innovation. This initiative provides founders with the benefits of the industry support of Ledger together with the long-term investment practice of Cathay Innovation.

About Ledger:

Celebrating its 10 year anniversary in 2024, Ledger is the world leader in Digital Asset security for consumers and enterprises. Ledger offers connected devices and platforms, with more than 6M devices sold to consumers in 180 countries and 10+ languages, 100+ financial institutions and commercial brands. Over 20% of the world’s crypto assets are secured by Ledger.

Ledger is the digital asset solution secure by design. The world’s most internationally respected offensive security team, Ledger Donjon, is relied upon as a crucial resource for securing the world of Digital Assets. With over 14 billion dollars hacked, scammed or mismanaged in 2023 alone, Ledger’s security brings peace of mind and uncompromising self-custody to its community.

Don’t buy “a hardware wallet.” Buy a LEDGER™ device.

LEDGER™, LEDGER LIVE™, LEDGER RECOVER™, LEDGER STAX™, LEDGER FLEX™ and LEDGER FREE FROM COMPROMISE™ are trademarks owned by Ledger SAS

Bluetooth® word mark and logos are registered trademarks owned by Bluetooth SIG, Inc. and any use of such marks by Ledger is under license. E Ink® is a registered trademark of E Ink Corporation.

About Mezo:

The market has been dominated by technology-first approaches that often overlook the economic needs of users. As the world’s first Bitcoin Economic Layer, Mezo introduces a pivotal shift, designed to amplify Bitcoin‘s infrastructure while adhering to its foundational principles to serve its holders. Mezo is Bitcoin native, facilitating cheap and fast transactions for a variety of relevant use cases. This not only enhances the network’s resilience but also ensures it serves the broader economic ambitions of Bitcoin holders. Mezo is the place where we can unlock the full potential of Bitcoin. This is your invitation to create your own economy. Learn more about Mezo’s initiatives and unique features on their blog here.

About Thesis:

Thesis is a venture production studio, funding and building brands on Bitcoin. Thesis has supported multiple successful brands including the launch of Mezo — a new leading Bitcoin L2 — as well as Acre, tBTC, Fold, among others. Thesis has also garnered investments from leading Venture Capital firms including a16z, Polychain Capital, ParaFi, Fenbushi and more. To learn more, please visit: https://thesis.co/

Media contact: thesis@mgroupsc.com

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SOURCE Thesis

Technology

ZT Mining Pioneers Innovative Solutions in the Cloud Mining Industry

Published

7 hours ago

December 28, 2024

ZT Mining launches user-friendly cloud mining services with free options, renewable energy integration, and educational resources, promoting sustainable cryptocurrency mining.

READING, England, Dec. 28, 2024 /PRNewswire-PRWeb/ — As the cryptocurrency industry grows, the demand for accessible and efficient mining solutions has never been higher. ZT Mining, a leading innovator in cloud mining, announces a new range of services designed to democratize access to cryptocurrency mining while addressing environmental concerns.

free cloud mining site, best cloud mining, crypto mining

Cloud Mining Made Simple

ZT Mining provides a platform for users to mine Bitcoin and other cryptocurrencies without the need for specialized hardware or technical expertise. By simplifying the process, the company caters to a broad audience, from crypto enthusiasts to first-time investors. Its streamlined registration and user-friendly interface allow participants to start mining in minutes.

Free Cloud Mining Option for Starters

The platform introduces free cloud mining opportunities, enabling users to begin their mining journey without upfront costs. This initiative lowers barriers to entry, making it easier for individuals to explore the cryptocurrency space.

Sustainability at the Core

Recognizing the environmental impact of traditional mining, ZT Mining incorporates renewable energy into its operations. By leveraging green energy sources, the company reduces its carbon footprint, aligning with global sustainability goals.

A Trusted Name in Cloud Mining

ZT Mining emphasizes transparency and reliability. Contracts come with clear terms, competitive rates, and no hidden fees. The platform also offers robust security measures, ensuring user data and funds remain protected.

Empowering Users Through Education

To support informed decision-making, ZT Mining provides educational resources on cryptocurrency and cloud mining. Users can access guides and insights to better understand mining profitability and industry trends.

Industry Recognition

ZT Mining’s innovative approach has positioned it as one of the best cloud mining platforms in the industry. With endorsements from leading crypto analysts and positive user feedback, the company is quickly becoming a trusted name for mining solutions.

Looking Ahead

ZT Mining continues to innovate, aiming to provide even more opportunities for users to benefit from cloud mining. With plans to expand its renewable energy partnerships and introduce advanced mining algorithms, the company is setting the standard for sustainable and user-friendly cryptocurrency mining.

For more information, visit ZT Mining’s official website.

Media Contact

Nancy Delia, ZT CLOUD SERVICES LIMITED, 44 7301463290, nancy.delia@ztmining.com, https://ztmining.com

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SOURCE ZT CLOUD SERVICES LIMITED

Technology

UBHOME Collaborates with Qualcomm to Release the Smart Lawn Mower, Co-Creating a New Era of Smart Life

Published

12 hours ago

December 28, 2024

The 2025 CES in the United States is about to unveil a brand-new chapter in the future intelligent home gardening

LAS VEGAS, Dec. 28, 2024 /PRNewswire/ — UBHOME, a sub-brand of UBTECH Robotics, announced an intelligent service robot in collaboration with Qualcomm Technologies, Inc. The Robotic Mower M10 is a revolutionary smart lawn mower announced at the 2025 International Consumer Electronics Show (CES) in the United States. This product is powered by the Qualcomm® RB1 Robotics Platform, showcases UBHOME’s rich experience in robot research and development, and focuses on solving the pain points of traditional lawn-mowing equipment, providing users with a worry-free and labor-saving smart gardening experience, and creates a new model of gardening intelligence.

User-Oriented: The All-New Convenience Brought by the Smart Lawn Mower to Life

The Robotic Mower M10 is not only a high performance tool but also an upgrade of the smart lifestyle. In response to the pain points of users when using traditional lawn-mowing equipment, this product offers a series of practical functions, bringing brand-new convenience to home gardening:

Wireless and Borderless Mowing: There is no need for cumbersome boundary wire installation anymore. The device relies on accurate environmental perception and navigation technology to independently plan the work area, allowing users to use it right out of the box, saving installation time and energy.

Automatic Mowing, Saving Time and Effort: The device can automatically complete the lawn mowing work according to the preset schedule or real-time instructions, enabling users to manage the lawn care through delegation to the mower.

Wide Coverage and Stable Signal: It supports a large-scale signal connection of up to 130,000 square meters. Even for extremely large courtyards, stable operation can be ensured, and there is no need to worry about signal loss.

Real-time Online, in-control Anytime: Through APP remote control and real-time monitoring, users can adjust the mowing plan or check the device status at any time, managing the courtyard work as they like.

The combination of these functions not only greatly simplifies the complexity of mowing work but also liberates users from repetitive physical labor, allowing them to focus on enjoying the wonderful moments of life.

UBHOME: In-depth Layout in Smart Home

UBHOME is a brand under UBTECH Robotics that focuses on providing smart solutions for families. As a world-leading robot enterprise, UBTECH, with its strong R&D strength and technological accumulation, has successfully launched Walker, China’s first commercial bipedal human-sized humanoid robot. The launch of the Robotic Mower M10 by UBHOME this time is an important step in its layout in the smart home field.

Relying on UBTECH’s technological accumulation in robots and its in-depth understanding of user needs, the Robotic Mower M10 achieves the best mowing effect through environmental recognition and dynamic adjustment. Whether it is complex terrain, steep slopes, or high requirements for fine mowing, it can perform perfectly, demonstrating its excellent technical capabilities and brand commitment.

As a global leader in wireless technology and edge intelligence, Qualcomm Technologies provides cutting-edge technical support for the Robotic Mower M10, including intelligent edge computing platforms, dynamic path planning, and environmental perception technologies. These technologies ensure that the device can operate efficiently in various environments, providing users with a precise and efficient smart experience. The Robotic Mower M10 utilizes the Qualcomm RB1 Robotics Platform to ensure the superior operation of the Robotic Mower M10 in large-scale courtyards, laying a solid foundation for realizing smart life.

Industry Significance and Trend: Promoting the Development of Gardening Intelligence

With the continuous increase in the demand for home intelligence, the market for smart gardening equipment is in a period of rapid development. As a typical representative of this trend, the smart lawn mower not only meets consumers’ pursuit of a convenient lifestyle but also provides a direction for the transformation of the gardening industry from tool manufacturing to smart services.

The product released by UBHOME not only fills the gap in the high-performance lawn-mowing equipment market but also sets a new industry benchmark. Through the multiple advantages of wireless, real-time connection, and fully automated operation, it endows home gardening with new value, making users no longer regard mowing as a burden but feel the convenience and fun brought by technology.

Innovation Hand in Hand, Co-creating Smart Life

The collaboration between UBHOME and Qualcomm Technologies showcases a strong collaboration of technology and innovation. Both parties are committed to bringing more convenient and efficient life experiences to consumers through technological innovation.

At the 2025 CES, UBHOME and Qualcomm Technologies will showcase the innovative functions and application scenarios of this Robotic Mower M10.

About UBHOME

UBHOME is a brand under UBTECH Robotics, focusing on providing smart solutions for families. UBTECH is a world-leading robot enterprise dedicated to the research and development and application of artificial intelligence and robot technology and has successfully served more than 900 enterprise-level customers in more than 50 countries around the world.

Media Contact Information
For more information, please contact:
UBHOME Brand Team: mbu-sales@ubtrobot.com

Qualcomm is a trademark or registered trademark of Qualcomm Incorporated. Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. 

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SOURCE UBTECH ROBOTICS CORP LTD

Technology

Global Launch of JETOUR T2 i-DM: Reshaping the Hybrid SUV Market

Published

12 hours ago

December 28, 2024

DOHA, Qatar, Dec. 28, 2024 /PRNewswire/ — On December 25, 2024, the First JETOUR Fan’s Festival and the Launch of T2 i-DM was held in Qatar, themed “Think Future”. During the event, JETOUR launched its user brand “Traveler” in the Middle East and its first hybrid model, JETOUR T2 i-DM. The launch event highlights JETOUR’s commitment to exploring sustainable travel modes and ambition to become the “The World’s Leading Brand in Hybrid Off-road Vehicles” under the “Travel+” strategy.

JETOUR T2 i-DM not only inherits the strengths of T2 series, but also achieves high energy efficiency, high performance, high safety, and high intelligence with its advanced hybrid technology, i-DM. With a maximum combined power of 280kW and torque of 610N•m, T2 i-DM boasts a NEDC pure electric range of 139km and an overall range exceeding 1,000km at just 0.8L/100km, addressing range anxiety and promoting green travel.

Mr. Dai Lihong, executive vice president of JETOUR Auto, emphasized technology’s role in producing world-class products. The launch also introduced “Traveler”, enriching user experience through diverse products and superior performance. This year, JETOUR has ranked third in sales across the Qatari auto market. The Fan’s Festival invited user representatives from across the Middle East to witness the unveiling of “Traveler”, experiencing “Travel+” culture through city tours and co-creation workshops.

JETOUR prioritizes users, listening to their needs and co-creating products, brand, and lifestyle. Through “Traveler,” JETOUR aims to provide richer travel experiences and benefits globally, leveraging the platform to spread the “Travel+” culture worldwide. Mr. Alex Tan, Vice President of JETOUR International, said, “Serving ‘JETOUR users’ and being ‘a user-oriented JETOUR’ are JETOUR’s development philosophy. JETOUR will continue to build a travel community centered around users, cars, and lifestyles, sharing the joy of traveling together with users.”

JETOUR also partnered with Diamond League to promote athletics in Qatar and the Middle East, embodying JETOUR Speed and the brand’s image of breakthroughs and innovations. With T2 selling over 150,000 units globally, T2 i-DM will continue its success to meet customers’ needs and reshape the hybrid SUV market.

The launch of T2 i-DM marks JETOUR’s new journey towards “the World’s Leading Brand in Hybrid Off-road Vehicles.” JETOUR plans to introduce more hybrid and off-road models, providing customers with eco-friendly and diversified travel choices. With its innovative spirit and user-oriented philosophy, JETOUR will lead the global automotive industry towards a more sustainable and smarter future.

SOURCE JETOUR AUTO