Connect with us

Technology

Babylon Labs and SatLayer Forge Alliance to Unlock DeFi for Bitcoin

Published

on

Babylon Labs aligns with SatLayer to advance Bitcoin‘s staking and restaking capabilities.

TORTOLA, British Virgin Islands, Nov. 27, 2024 /PRNewswire/ — Babylon Labs, a lead developer of Bitcoin‘s leading staking protocol with over $2 billion in Total Value Locked (TVL), announced today an alliance with SatLayer to advance Bitcoin‘s staking and restaking capabilities. This collaboration creates new opportunities for Bitcoin holders by unlocking enhanced liquidity, shared security, and capital efficiency across applications, infrastructure, and blockchains.

As part of this alliance, SatLayer will be the premier restaking platform for the Babylon protocol by implementing a sophisticated suite of smart contracts on Babylon Chain with minimal trust assumptions. These smart contracts enable fully programmable BTC slashing, marking a significant advancement in Bitcoin‘s utility within decentralized finance.

“At Babylon Labs, we’re committed to building a more secure and interconnected blockchain ecosystem. This collaboration with SatLayer allows us to extend Bitcoin‘s robust security to a wider range of applications and infrastructure,” said Fisher Yu, CTO of Babylon Labs.

This enables the Bitcoin staked to secure everything: Not only infrastructure such as PoS chains and rollups, but the full stack of apps and infrastructure on top. With this alliance, the Bitcoin ecosystem will speedrun to feature parity with Ethereum on staking and restaking.

Through this alliance, the Babylon protocol will extend over $2 billion worth of Bitcoin shared security to PoS blockchains. The liquidity of those bitcoins are unlocked through established Liquid Staking Tokens (LST) projects including Lombard, Solv, and Bedrock. SatLayer will amplify these benefits by extending both security and liquidity features to applications and infrastructure built within these ecosystems.

Bitcoin‘s Expanding Role

Bitcoin continues to demonstrate its dominance through unprecedented institutional adoption. The success of Bitcoin ETFs has set new records for institutional investment, while sovereign nations are increasingly evaluating Bitcoin for their strategic reserves. Additionally, major Layer-1 networks, including Solana, are introducing Bitcoin representations such as wrapped BTC and Liquid Staking Tokens (LSTs) to integrate Bitcoin‘s value into their ecosystems.

Apps Are the Future: SatLayer & Babylon at the Forefront

Applications are the key drivers of further crypto adoption and innovation. By combining Babylon’s robust infrastructure with SatLayer’s advanced restaking capabilities, developers now have unprecedented opportunities to build sophisticated applications leveraging Bitcoin‘s economic security and liquidity.

“Babylon Labs and SatLayer share a vision for Bitcoin‘s future as the cornerstone of decentralized ecosystems. Together, we enable applications and infrastructure to harness Bitcoin‘s unmatched security while expanding its liquidity through programmable restaking frameworks. The launch of SatLayer’s devnet opens up a new era of Bitcoin-powered innovation for builders everywhere,” said Luke Xie, Co-Founder of SatLayer.

SatLayer Devnet Launch

SatLayer also unveils its devnet today, providing comprehensive resources for builders interested in leveraging this new infrastructure. Detailed documentation is available at docs.satlayer.xyz. The team recently demonstrated their commitment to the developer community through participation as mentors, grant sponsor, and judge at the Babylon Hacker House in Bangkok (November 5-9, 2024), where over 70 developers created innovative solutions using Babylon Chain and an early preview of SatLayer’s Bitcoin Validated Services (BVS) Framework.

Ecosystem Initiatives

To help BVS builders turn their vision into reality, Babylon Labs and SatLayer are preparing to launch several exciting new initiatives to empower builders to innovate, collaborate, and scale:

A comprehensive incentive program for ecosystem developersDedicated technical support and resources to ease developmentMentorship and support on go-to-market, growth, and fundraising

Start building BVS dApps on SatLayer and Babylon Chain today with the developer docs at docs.satlayer.xyz

About Babylon

Babylon is a project that focuses on Bitcoin security sharing protocols with a vision of building a Bitcoin-secured decentralized world. Its latest development is the world’s first trustless and self-custodial Bitcoin staking protocol, which enables Bitcoin holders to stake their BTC on Proof-of-Stake (PoS) systems such as PoS chains, L2s, Data Availability (DA) layers, etc, enabling them to earn staking rewards without the need for third-party custody, bridge solutions, or wrapping services.

Babylon combines the high security and wide adoption of Bitcoin with the efficiency and scalability of PoS systems, increasing Bitcoin‘s utility. Babylon was founded in 2022 by Stanford Professor David Tse and Dr. Fisher Yu. Professor Tse is a member of the U.S. Academy of Engineering and is renowned as the inventor of the legendary proportional-fair scheduling algorithm for wireless communications. Babylon is led by a team of consensus protocol researchers and experienced layer 1 engineers from around the world.

For more information about Babylon Labs, a developer of the Babylon Bitcoin staking protocol, please visit:

Website | Twitter | Discord | Linkedin

About SatLayer:

SatLayer is the leading restaking platform unlocking Bitcoin‘s full potential for capital efficiency, liquidity, and shared security.

By deploying as a set of smart contracts on Babylon, SatLayer enables full programmability of slashing conditions, such as node liveness and challenge proofs, for Bitcoin, the largest and most widely trusted cryptocurrency. This framework allows dApps and infrastructure, such as bridges, DEXs, launchpads, and oracles to be crypto-economically secured by restaked BTC as Bitcoin Validated Services (BVSes).

Founded by MIT alumni in early 2024 and backed by leading investors including Hack VC, Castle Island Ventures, Franklin Templeton, OKX Ventures, and Mirana Ventures, SatLayer is bringing restaking and shared security on Bitcoin to feature-parity with Ethereum, increasing Bitcoin‘s utility in decentralized finance and the broader ecosystem.

For more information about SatLayer Labs, a developer of the SatLayer restaking platform, please visit:

Website | Twitter | DiscordLinkedin

View original content:https://www.prnewswire.com/news-releases/babylon-labs-and-satlayer-forge-alliance-to-unlock-defi-for-bitcoin-302316605.html

SOURCE Babylon

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Smoke Grenade Size to Hit $456.46 Million, Globally at 5.5% CAGR by 2031 – Exclusive Report by The Insight Partners

Published

on

By

NEW YORK, Nov. 27, 2024 /PRNewswire/ — The global smoke grenade market is set for explosive growth, with projections indicating a surge to $456.46 million by 2031. This remarkable expansion, driven by the growing adoption of handheld multi-shot grenade launcher as well as a requirement for the development of eco-friendly smoke grenades and the boosting governmental initiatives towards research & development activities for designing lightweight smoke grenade is creating opportunities for the smoke grenade market in the coming years.

According to a new comprehensive report from The Insight Partners, “the global Smoke Grenade Market Size and Forecast (2023 – 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: Type (Burst Smoke, Micro Smoke, Wire Pull Smoke, Others); Application (Signaling, Screening and Obscuring, Riot Control); End-User (Military and Defence, Law Enforcement), and Geography”. For Detailed Market Insights, Visit: https://www.theinsightpartners.com/reports/smoke-grenade-market

The report runs an in-depth analysis of market trends, key players, and future opportunities. Types of smoke grenade include hand operated and launcher operated. Smoke grenade manufacturers procure specific grades of materials from raw material supplier and process further to develop the final product.

Asia Pacific is projected to register a CAGR of 5.5% from 2023 to 2031. The market growth can be attributed to the rise in demand for smoke grenades in applications such as signaling, helicopter landing zone creation, screening, riot control, obscuring, and other commercial applications. In addition, the key factors driving the smoke grenade market growth include the growing demand from ground-to-air signaling, increasing military expenditure, and growing utilization of smoke grenades in commercial applications such as photoshoots, movie production, sports events, cultural events,

For More Information and To Stay Updated on The Latest Developments in The Smoke Grenade Market, Download The Sample Pages: https://www.theinsightpartners.com/sample/TIPRE00006214/

Market Overview and Growth Trajectory:

Smoke Grenade Market Growth: The smoke grenade market size is projected to reach US$ 456.46 million by 2031 from US$ 297.24 million in 2023. The market is expected to register a CAGR of 5.5% during 2023–2031. The rise in demand for signaling applications, specifically for ground-to-air signaling, is one of the major factors driving the growth of the smoke grenade market across different regions. This is further fueled by the need for smoke signaling in search and rescue operations. The longer operational capability of smoke grenades provides suitable capability to the search and rescue teams to provide operational support for their respective operations at remote or urban locations. Helicopters, vertical take-off and landing (VTOL) aircraft, and parachuting applications require signaling for which smoke grenades are used. The rising number of aircraft and VTOL aircraft operations, propelled by the increasing fleets of helicopters and VTOL aircraft, is generating the need for more volumes of smoke signals, further propelling the growth of the smoke grenade market across different regions.

Rising Global Military Expenditure: The defense budget allocation supports army and military forces to procure advanced technologies and equipment from domestic or international developers. There is an increase in military and army vehicle upgrades owing to the growing defense budget allocation. Furthermore, the increasing governmental expenditure showcases governments’ focus on strengthening national security forces. There is an increased need to reinforce military and border security forces with advanced surveillance, communication, navigation equipment, artilleries, armaments/ammunitions, and vehicles, among others; hence, military forces worldwide are focusing on investing significant amounts in procuring pyrotechnic munitions and other less lethal products. Defense forces’ constant inclination to acquire new technologies for noncombat and combat operations further boosts military expenditure worldwide.

Rise in Commercial Applications: The rise in commercial applications of smoke grenade products is expected to bring another significant trend in the smoke grenade market. The increasing use of smoke grenades in photography, amateur filming, movie shoots, weddings, and other occasions propels the adoption of smoke grenades for multiple commercial applications. Another major commercial application of smoke grenade is paintball gaming arenas, which involve several non-lethal weapons and ammunition to provide a lifelike simulation for the players. Further, commercial security forces use smoke grenade cartridges to control an emergency, provide security to VIPs, or handle emergency crowd/riot control situations. Such factors have been pushing the growth of smoke grenade market for commercial applications.

Geographical Insights: In 2023, North America led the market with a substantial revenue share, followed by Europe and Asia Pacific. Asia Pacific is expected to register the highest CAGR during the forecast period.

Smoke Grenade Market Segmentation, Applications, Geographical Insights:

Based on type, the smoke grenade market is classified into hand-operated and launcher-operated. The hand-operated segment held the largest share of the market in 2023.

Based on application, the smoke grenade market is categorized into signaling, screening and obscuring, riot control, and others. The signaling segment dominated the market in 2023.

Based on end user, the market is categorized into military & law enforcement and commercial. The military and law enforcement segment held a larger share of the market in 2023.

Key Players and Competitive Landscape:

The Smoke Grenade Market is characterized by the presence of several major players, including:

ArsenalRheinmetall AGHFI PyrotechnicsChemring Group PlcCONDOR TECNOLOGIAS NÃO LETAISNammo ASNonLethal Technologies IncCentanex Ltd3rd Light LimitedWescom Group

These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market.

Purchase Premium Copy of Global Smoke Grenade Market Size and Growth Report (2023-2031) at: https://www.theinsightpartners.com/buy/TIPRE00006214 /

Smoke Grenade Market Recent Developments and Innovations:

“Wescom Group announced the acquisition of PW Defence Ltd.””Wescom Group acquired Nottingham-based chemical detection technology company KeTech Defence Ltd.””EDGE and CONDOR Forged Partnership to Drive Growth in Non-Lethal Solutions”

Conclusion:

With projected growth to $456.46 million by 2031, the Smoke Grenade Market represents a significant opportunity for component, provides several stakeholders—including raw material providers, manufacturers, suppliers & distributors, and end users—with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities.

Related Report Titles:

Smart Smoke Detectors Market Size and Forecasts (2021 – 2031), Global and Regional Share, Trends, and Growth Opportunity AnalysisLow Smoke Halogen Free Cable Market Growth, Size, Share, Trends, Key Players Analysis, and Forecast by 2031Smoke Detector Market Size and Forecasts (2021 – 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis 

About Us:       
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:
If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Ankit Mathur
E-mail: ankit.mathur@theinsightpartners.com
Phone: +1-646-491-9876

Logo: https://mma.prnewswire.com/media/2520492/The_Insight_Partners_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/smoke-grenade-size-to-hit-456-46-million-globally-at-5-5-cagr-by-2031—exclusive-report-by-the-insight-partners-302317572.html

Continue Reading

Technology

JEGI CLARITY Notes Increased M&A Activity within Digital Marketing Services

Published

on

By

NEW YORK, Nov. 27, 2024 /PRNewswire/ — M&A activity in digital marketing services is accelerating, as anticipated by JEGI CLARITY in July. Over the past two quarters, deal volume exceeded the quarterly average of 300 transactions over the last 7 years.

Notable deals, such as ECI’s acquisition of Croud, highlight this trend. Looking ahead, we expect 2024 M&A levels to align with 2023, following the record-breaking momentum of 2021 and 2022.

PRIVATE EQUITY HAS AN ACTIVE ROLE IN DRIVING SECTOR CONSOLIDATION
PE represented 32% of YTD M&A activity in digital marketing services. Key attractions for investors include the market’s impressive growth prospects – with the market projected to increase from £4.3bn in 2023 to £14bn by 2032 (CAGR of 14%).

SCALE AND EXPOSURE TO TIER 1 MARKETS ARE KEY VALUE DRIVERS IN DIGITAL MARKETING SERVICES M&A
Valuations are influenced by several factors:

Differentiated Proposition: Agencies with scalable, Tech and AI-driven, or specialized services command higher valuations.Scale: Our data suggests that size matters when it comes to valuation, with larger assets, EBITDA over £12.5m, trading at a median multiple of 16.5x, while smaller assets, EBITDA between £4m and £7.5m, trade at a median of 10.8x.U.S. Revenue Exposure: Higher U.S. revenue draws N. American PE interest (directionally >25% of revenues), creating competitive tension, in turn driving valuations.Strong Financial KPIs: attractive revenue growth, healthy margins, and strong client retention are critical for driving valuation multiples.Evidence of Integration in Buy-and-Build: For companies following a buy-and-build strategy, successful integration of acquisitions is a key value driver.

M&A GROWTH TO BE DRIVEN BY ECONOMIC RECOVERY, PE EXIT AND DEMAND FOR SPECIALIST SKILLS
PE funds will likely continue deploying capital and exits will accelerate considering current hold periods. On the trade side, large agencies, driven by client demand, are likely to continue acquiring digital capabilities that are difficult to build internally.

Over the next 18 months, several PE-backed digital marketing groups, held for over four years, will likely come to market. We foresee consolidation among large PE-backed platforms across Europe, as agencies look to broaden geographic reach.

To access the full report, click here.  

ABOUT JEGI CLARITY
JEGI CLARITY is a pre-eminent M&A advisory firm for the media, marketing, information and technology industries. With a global reach from New York, London, Boston, and Sydney, we have closed more than 800 transactions during our 35+ year history. For more information, visit www.jegiclarity.com

Contact:
Kelsey Kovachik
Vice President of Marketing
+1 212 754 0710
kkovachik@jegiclarity-us.com
www.jegiclarity.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/jegi-clarity-notes-increased-ma-activity-within-digital-marketing-services-302317687.html

SOURCE JEGI CLARITY

Continue Reading

Technology

ATN acquires exclusive Broadcast rights for New Zealand Cricket for 3 years

Published

on

By

TORONTO, Nov. 27, 2024 /CNW/ – Asian Television Network International Limited (ATN) (TSXV: SAT), Canada’s largest South Asian broadcaster and pioneer broadcaster of Cricket, is pleased to announce that is has acquired and renewed the Broadcast rights for New Zealand Cricket for 3 more years exclusively for Canada.

ATN will have the exclusive Canadian rights for all home matches, including international games featuring the BLACKCAPS (men’s team) and the WHITE FERNS (women’s team), as well as domestic competitions like the Super Smash. New Zealand Cricket’s 2024-25 home season features a busy and competitive schedule, with series against England, Sri Lanka, and Pakistan across multiple formats. During the 2025–26 & 2026-27 seasons, New Zealand has a packed home cricket schedule featuring series against Australia, England, West Indies, South Africa, India and Sri Lanka.

With over 120 days of International Cricket, all games will be aired LIVE on 2 popular sports channels namely CBN and ATN Cricket Plus and both channels are available nationally on various Cable and Satellite platforms across Canada.

“We are thrilled to announce the renewal of the exclusive broadcast rights for New Zealand cricket for another 3 years. This partnership underscores our commitment to delivering world-class sports entertainment to fans across Canada “said Dr. Shan Chandrasekar, President and CEO of ATN. “We look forward to bringing the excitement of New Zealand cricket LIVE to all the passionate Canadian fans, ensuring they never miss a moment of the action “he added

New Zealand known as one of the world’s top cricketing nations, boasts a rich history in the sport and a reputation for producing disciplined and innovative cricketers like Kane Williamson (regarded as one of the best batsman in the world), Trent Boult & Tim Southee (A formidable pace bowling duo), Devon Conway, Tom Latham, and Mitchell Santner (Key contributors across formats)

A long-time broadcaster of international cricket, ATN was the first to bring the World Cup of Cricket live via satellite to Canada in 1986. 

About ATN-Asian Television Network International Limited

ATN serves Canada’s diverse cultural communities with over 50 specialty television channels. The Company offers its flagship ATN-HD general interest service along with 7 other general interest channels, 3 sports Channels, 7 news Channels, 5 Bollywood movie channels and a variety of channels that include music, lifestyle, and several regional language channels that includes Punjabi, Tamil, Bengali, Urdu, Gujarati & Marathi. ATN has been a pioneer in the Production of Multicultural Television Programming in Canada. ATN has programming alliances with leading international broadcasters like Sony Entertainment Television, Disney/Reliance- Star, Viacom/ India Cast, CNN News 18, Zee Network, Doordarshan, Times Television, B4U, NDTV (Good Times), Republic TV, ABP News Network, Jaya TV, ARY, FOOD FOOD Network and many more. ATN is also a pioneer broadcaster of Cricket in Canada and has exclusive broadcast rights for various International Cricket Boards. ATN has its own State Of The Art Production facilities. ATN’s content is also available on Amazon Prime in USA & UK, Bell Media’s Crave in Canada and also operates a 24X7 South Asian Radio Service on Sirius XM Radio across The United States and Canada. ATN’s high class Studio Facilities have also been used by Production Companies associated with Netflix, CBC and others.

For more information on ATN please visit www.asiantelevision.com

SOURCE Asian Television Network International Limited

Continue Reading

Trending