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GameAbove Sports Acquires Fourth Founding BIG3 Expansion Team

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Plans to base the team in Detroit for the 2025 season.

DETROIT, July 8, 2024 /PRNewswire/ — Today, GameAbove Sports, a sports-focused business development and strategic investment entity announces the purchase of the fourth BIG3 franchise with plans to base the team in Detroit representing the State of Michigan for the 2025 season. The GameAbove Sports ownership group led by Founder and Chairman Keith J. Stone consists of individuals with deep connections to the region and robust acumen in operations, business, basketball, and sports; including Detroit pro sports notables NBA Hall of Famer and BIG3 Coach George Gervin and two-time NFL Pro-Bowler and Super Bowl Champion T.J. Lang, as well as Joe Januszewski, Karen LeVert, Dan McClory, Skyler Stone, Corey Welch and co-founder of Born in Detroit apparel Anthony Tomey. Former NBA point guard Earl Boykins will also be involved with the organization.

“The entire team at GameAbove and I are thrilled to bring a BIG3 franchise to the Motor City,” said Gervin. “My experience as part of the BIG3 these past few seasons has shown me that the league is at the forefront of 3-on-3 basketball’s increasing growth and global traction. Detroit’s rich sports history makes it a fantastic market for the BIG3; get ready for next summer!”

This announcement follows the purchase of rights to the LA, Miami, and Houston BIG3 franchises earlier this year. The league is currently in the fifth week of the BIG3’s seventh season, which continues to tour nationwide and reach millions of fans across linear, streaming, and digital platforms.

“I am excited to finally announce the sale of our Detroit team to this amazing group of investors, entrepreneurs, and philanthropists,” said BIG3 CEO and co-founder, Ice Cube. “GameAbove Sports and its leadership represent the values of the BIG3 every day and have an exemplary community outreach infrastructure that will take the Young3 initiative to a new level. It’s been a privilege to work with George Gervin over the past few BIG3 seasons and I know what he means to the Detroit and Southeast Michigan community. I look forward to working together with GameAbove Sports to bring the vision of BIG3 Detroit to life next season.”

GameAbove Sports is a unique player in the sports business. It is backed by CapStone Holdings Inc., which provides robust support to invest capital into various franchises and leagues worldwide. The company is committed to expanding its investment portfolio by strategically investing in franchises and leagues globally, including well-known entities such as the NHL, NBL, MLS, USL, MLS Next, professional golf, product investments, and other emerging leagues. GameAbove Sports’ innovative and flexible investment approach focuses on acquiring minority and majority ownership positions in established franchises or leagues. The company aims to promote, invest in, and advance technology within the sports industry.

“We are very excited about the BIG3 and the momentum Ice Cube and Jeff Kwatinetz have established in the league,” said Stone. “Our philosophy at GameAbove Sports is to seek new and innovative ways to diversify our portfolio. The BIG3 presents a great opportunity for us to invest early in this emerging version of basketball. The ownership group and operational support are enthusiastic and ready. Detroit and the State of Michigan will be a leader in many ways for the league.”

GameAbove Sports’s decision to bring a BIG3 franchise to Detroit aligns perfectly with the brand’s existing presence in the region. In November 2019, Stone launched GameAbove as a philanthropic brand under CapStone Holdings Inc. He focused his giving efforts on his alma mater, Eastern Michigan University. Stone formed a philanthropic advisory board of 24 diverse, spirited, and accomplished EMU alums who shared his vision for the university’s success. Since its start, GameAbove has contributed millions to special causes and initiatives in Southeast Michigan, including social impact such as student emergency funds, combating food insecurities, mental health, youth STEM and literacy education, youth sports, and scholarships.

To learn more about the Ownership Group, visit www.big3detroitbasketball.com.

Visit GameAbove Sports at www.gameabovesports.com for all the latest news, updates, and exciting developments.

To learn more about the BIG3 go to big3.com and follow @thebig3 on X and Instagram. Tickets for the 2024 season are on sale now at big3.com/tickets/.

About BIG3
On January 11, 2017, the BIG3 was born. The first-ever professional FIREBALL3 league is the brainchild of producer, actor, and music legend Ice Cube and entertainment executive Jeff Kwatinetz, who shared a vision of a player-centric league focused on entertainment and innovation. The BIG3 is a league with no garbage minutes, where trash talk is allowed, defense is emphasized, fast-paced action, and where every point –whether it’s a 4-point or 3-point shot – counts. Any given BIG3 team has hall of famers, icons and trailblazers, and the next best 3-on-3 player.

The league has led the sports industry in diversity and opportunity, becoming the first professional sports league to implement a mental health policy, favor CBD as a pain management alternative to opioids, enlist female coaches of men, and appoint a black Commissioner in Hall of Famer Clyde Drexler, who is also professional sports first former player serving as Commissioner. The inaugural CEO was the legendary, incomparable Raider executive Amy Trask. This January 2024, BIG3 co-founder Ice Cube was honored at the Naismith Basketball Hall of Fame in Springfield, where he received the inaugural Ice Cube Impact Award, acknowledging individuals making substantial contributions to their community, the first non-player to be recognized. Founders Ice Cube and Jeffrey Kwatinetz are missioned to better society as BIG3 pursues business success while also helping to break down stereotypes, promote diversity in sports, create opportunities for black, brown, and female athletes beyond the court, and support the black, youth and basketball communities overall.

About GameAbove
GameAbove is a successful multifaceted brand consisting of charitable giving, capital investment, sports entertainment, and media ventures. It provides its portfolio companies the power to propel their business to the next level, fan and athlete experiences that aim to grow sports, and awe-inspiring cinematic experiences. Brands include GameAbove Capital, GameAbove Entertainment, GameAbove Sports, and GameAbove Giving. To learn more, visit www.gameabove.com.

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Technology

NAVEE Launches ST3 Pro and GT3 Pro at CES 2025, Receives UL and TÜV Rheinland Certifications

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57 minutes ago

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January 10, 2025

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LAS VEGAS, Jan. 10, 2025 /PRNewswire/ — NAVEE, a global leader in intelligent short-distance mobility, today announced the North American launch of its flagship electric scooters, ST3 Pro and GT3 Pro, at CES 2025. The event, running from January 7 to January 10, also marks the company’s achievement of two prestigious awards that validate its leadership in smart mobility.

UL verification: Micromobility Performance Range, Energy Consumption and Acceleration

During CES, UL awarded the ST3 Pro-U and GT3 Pro-U with the “Micromobility Performance Range/Energy Consumption/Acceleration” verification. This recognition validates NAVEE’s engineering excellence, with both scooters exceeding rigorous standards for range, energy efficiency, and acceleration. Bryan Bai, NAVEE’s Vice President and Head of North American Sales, and Sherry He, vice president and general manager of Consumer, Medical and Information Technologies at UL Solutions, presided over the award ceremony.

TÜV Rheinland Certification: Range at Max. Speed

Simultaneously, TÜV Rheinland granted the ST3 Pro its “Range at Max. Speed” certification, verifying that the scooter delivers on its promised maximum speed range capabilities. Jay Yang, Vice President of Greater China Electrical at TÜV Rheinland, presented the certification to NAVEE, underscoring the scooter’s exceptional performance standards.

“These launches at CES 2025 represent a significant milestone in our mission to advance smart mobility technology for consumers worldwide,” said Lu Jian, Brand Representative of NAVEE. “The UL verification and TÜV Rheinland certification demonstrate our unwavering commitment to excellence and validate the real-world performance our customers can expect.”

ST3 Pro and GT3 Pro: Redefining Smart Mobility

The ST3 Pro and GT3 Pro represent the next evolution in urban transportation. Engineered for the demands of modern city commuting, these premium electric scooters combine exceptional range and acceleration with sophisticated smart features. The prestigious UL verification and TÜV Rheinland certification affirm NAVEE’s position as an industry pioneer in electric mobility innovation.

About NAVEE

Founded in 2021, NAVEE has quickly emerged as a leader in the global electric mobility market. With a presence in over 30 countries and more than 200,000 users, NAVEE is revolutionizing urban commuting with stylish, reliable electric scooters. The company continues to invest heavily in research and development, ensuring it remains at the forefront of innovation in the electric mobility sector.

For more information, visit: NAVEE Official Website https://www.naveetech.com/

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SOURCE NAVEE

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Technology

Fintech nsave launches investment platform, offering people from distressed economies protection from inflation with compliant and safe investments abroad

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57 minutes ago

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January 10, 2025

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nsave offers trusted dollar, sterling or euro accounts abroad to people from high inflation countries.Customers can now access a range of US equities, ETFs and funds.TQ Ventures leads $18mn financing, with participation from Sequoia Capital, Y Combinator, ACE Ventures, and Proton.

LONDON and GENEVA, Jan. 10, 2025 /PRNewswire/ — nsave, the provider of trusted, compliant accounts abroad to people from countries with high inflation, has today announced the launch of an investment product, enabling people at risk of financial exclusion to protect and grow their wealth.

The company also confirmed an $18mn Series A investment led by TQ Ventures with participation from Sequoia Capital, Y Combinator, ACE Ventures, and Proton Foundation, to accelerate their growth.

Today’s means customers can access US equities, ETFs and soon funds managed by some of the world’s largest asset managlaunchers via the nsave app, subject to onboarding and compliance checks.

By working with regulated financial institutions and banking partners in the UK and Switzerland, nsave offers safe and compliant accounts abroad, democratising offshore services to millions of people affected by high inflation or economic uncertainty in their home countries.

nsave’s customers include young professionals who move abroad and face exclusionary and outdated compliance processes due to their country of birth, alongside people from high inflation economies, who fear their life savings will be wiped out.

Based in London and Geneva, nsave is led by former Rhodes Scholars Amer Baroudi and Abdallah AbuHashem.

nsave CEO Amer Baroudi said: “Our vision is to go beyond just protecting everyday people’s wealth by enabling safe and compliant accounts abroad, but to enable them to grow it, too.”

“For some of our customers, this is the first time they can access trusted investment services securely. We believe your passport shouldn’t determine your path to prosperity. Our compliance-by-design approach enables us to offer services safely to many more people.” 

TQ Ventures co-founder and co-managing partner, Schuster Tanger, said: “nsave is tapping into a massive market of individuals underserved by existing financial services who need secure, stable financial solutions.”

“From the outset, I was impressed by nsave’s unique approach and the strength of their team, no doubt a function of Amer and Abdallah’s own lived experience of these challenges. We’re thrilled to roll up our sleeves with nsave to create a more inclusive financial system.”

Contact:
press@nsave.com

 

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Technology

Vietnam’s Youth Rally Behind Blockchain: KuCoin Reveals Groundbreaking Insights at VTIS 2024

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57 minutes ago

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January 10, 2025

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HANOI, Vietnam, Jan. 10, 2025 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, is excited to share the findings from its second edition of the KuCoin Campus Survey, conducted during the Vietnam Technology & Investment Summit (VTIS) 2024. With 926 participants surveyed from December 3rd to December 4th, 2024, the results underscore the vibrant interest in blockchain technologies among Vietnam’s youth, reinforcing KuCoin’s commitment to nurturing this vital market.

The survey, a key initiative under KuCoin Campus, highlights a strong, positive sentiment towards cryptocurrencies, with 92% of participants optimistic about the future of digital assets. Remarkably, 82% of respondents are considering blockchain-related careers, signaling a burgeoning talent pool eager for development and opportunities within the industry.

Vietnam’s strategic importance to both KuCoin and the broader crypto community is evident as 68% of participants expressed a “very high interest” in blockchain, making it a critical hub for crypto innovations and community engagement. Additionally, 73% of respondents currently hold cryptocurrencies, demonstrating a mature market ready for further expansion and adoption.

The survey also uncovered a significant inclination towards diverse blockchain roles, with data analysis (24%), marketing (22%), and business development (21%) being the most coveted. These insights are invaluable as they highlight the areas of highest potential and interest among the future workforce.

“Vietnam has been and will continue to be a key market for us,” said Alicia Kao, the Managing Director of KuCoin. “As the People’s Exchange, we are committed to empowering and equipping this new generation with the tools they need to succeed in the evolving digital landscape.”

View the full report here (EN version, VN Version), or visit KuCoin’s official website for further information.

About KuCoin

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 37 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.

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View original content:https://www.prnewswire.co.uk/news-releases/vietnams-youth-rally-behind-blockchain-kucoin-reveals-groundbreaking-insights-at-vtis-2024-302347817.html

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