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Quidax Launches $125,000 Crypto Innovation Pitch, Partners with Moonshot for TC Battlefield

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LAGOS, Nigeria, Sept. 27, 2024 /PRNewswire/ — Quidax and TechCabal have announced a partnership for this year’s TechCabal Battlefield competition. As part of this year’s competition Quidax has introduced a Crypto Innovation Pitch for the most promising African crypto startup. This pitch is for Africa-focused seed to early-growth stage crypto and blockchain startups that are creating impactful solutions for African markets.

In conjunction with Asset Chain, Quidax will award the selected startups $15,000 in funding. In addition to the funding, Quidax is collaborating with Huawei, Fincra, and Asset Chain to offer $110,000 worth of startup support credits. The support will be in the form of $80,000 worth of cloud services credit from Huawei, $20,000 worth of payment processing credit from Fincra, and $10,000 in crypto tokens from Asset Chain.

The top 5 crypto startups chosen from applications will get a chance to pitch at Tech Cabal’s Moonshot event between 9th – 10th, October, 2024 at the Eko Convention Centre, Lagos, Nigeria. The winning startup will be announced and awarded on the TC Battlefield stage at the Moonshot event.

Interested crypto startups can apply here for the Crypto Innovation Pitch.

TechCabal’s Battlefield, first held in 2014 and is now in its 10th year. It involves a rigorous selection process which will culminate in a high-stakes pitch at the Moonshot conference.

About Quidax

Quidax is an African-founded cryptocurrency exchange that makes it easy for anyone to buy, sell, store and transfer cryptocurrencies.Quidax additionally enables OTC trading and offers a Crypto API. The Crypto API enables businesses to build and offer crypto products.

About Moonshot

Moonshot by TechCabal is TechCabal’s flagship event that brings together industry leaders and key players in the African tech ecosystem. The event is an opportunity for tech enthusiasts to network, collaborate, and share ideas that define the ecosystem.

Contact:
***@quidax.com

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TORRAS to Showcase Pioneering Personal Air-Conditioning Cooling Tech and More at CES 2025

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HONG KONG, Jan. 2, 2025 /PRNewswire/ — TORRAS, a pioneering consumer electronics and accessories brand, will participate in CES 2025, the world’s largest electronics trade conference from January 7-10, 2025. At TORRAS’ booth (#30847, South Hall 1), the brand will showcase its innovative personal cooling gadgets, charging technology and signature cases. 

“At TORRAS, we are committed to delivering high-quality experiences through innovation. We are thrilled to join CES 2025 to not only showcase our best products and technology in front of the world, but also experience them in person,” said Carrie Kong, CEO of TORRAS. 

Revolutionizing Cooling Tech
TORRAS will present its cooling products featuring its updated cooling innovation, Coology, which utilizes cutting-edge TEC semiconductors and proprietary materials to realize rapid heat dissipation. The TORRAS COOLiFY series of neck air conditioners leverage this technology to deliver cool air against hot zones around a user’s neck, helping them stay cool during hot weather and outdoor work. COOLiFY serves as a refuge from oppressive heat, a catalyst for enhanced productivity in high-temperature work environments, and a reliable safeguard against the risks of heat stroke.

Also incorporating Coology, the PolarCircle wireless charger features over 200 fins to help both itself and a charging smartphone maintain a cool temperature as low as 16°C/60.8°F for an optimized and safe charging experience. The PolarCircle does not only prolongs the lifespan of the battery but also enhances safety by vigilantly monitoring every aspect of the charging cycle.

Innovation and High Quality
As the brand behind the world’s first Ostand phone case, TORRAS attributes great importance to product innovation and quality. Visitors to TORRAS’ CES 2025 booth can hold in their hands the brand’s premium smartphone cases and learn more about the engineering behind the case finishes, stand bearings, the eight-layer magnetic case structure fitted in the 3mm back panel, and much more.

Beyond CES 2025
TORRAS will also participate in two premier media events, Pepcom and CES Unveiled, where visitors can experience TORRAS’ innovative products firsthand and take part in an immersive experience designed to provide a vivid demonstration of the brand’s vision. 

The TORRAS booth (#30847) is in South Hall 1, Las Vegas Convention Center. The booth is staffed from 09:00 – 18:00 PST for the duration of CES 2025, which takes place January 7-10, 2025. 

About TORRAS
TORRAS is an innovative and award-winning consumer electronics and accessories brand. We strive to constantly shatter the ordinary so consumers can enjoy a high-quality lifestyle. TORRAS aims to assist users in fully engaging in every aspect of life and enabling them to unleash their full potential anytime and anywhere. Since 2012, TORRAS has served over 100 million people in more than 148 regions with its products and services. For more information, please visit www.torraslife.com.

Media Contact
TORRAS Marketing: marketing@torraslife.com 
TORRAS PR Manager: ashley@torras-global.com

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SK hynix to Unveil ‘Full Stack AI Memory Provider’ Vision at CES 2025

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– SK hynix to showcase technological capabilities, participating in the world’s largest consumer electronics show, CES 2025, from January 7-10

– Featuring a wide range of products driving the AI era, from HBM, the core of AI infrastructure, to next-gen memories like PIM

– Company to present new possibilities in the AI era through technological innovation and provide irreplaceable value

SEOUL, South Korea, Jan. 2, 2025 /PRNewswire/ — SK hynix Inc. (or “the company”, www.skhynix.com) announced today that it will showcase its innovative AI memory technologies at CES 2025, to be held in Las Vegas from January 7 to 10 (local time).

A large number of C-level executives, including CEO Kwak No-jung, CMO (Chief Marketing Officer) Justin Kim and Chief Development Officer (CDO) Ahn Hyun, will attend the event. “We will broadly introduce solutions optimized for on-device AI and next-generation AI memories, as well as representative AI memory products such as HBM and eSSD at this CES,” said Justin Kim. “Through this, we will publicize our technological competitiveness to prepare for the future as a ‘Full Stack AI Memory Provider1’.”

1Full Stack AI Memory Provider: Refers to an all-round AI memory provider, which provides comprehensive AI-related memory products and technologies

SK hynix will also run a joint exhibition booth with SK Telecom, SKC and SK Enmove, under the theme “Innovative AI, Sustainable Tomorrow.” The booth will showcase how SK Group’s AI infrastructure and services are transforming the world, represented in waves of light.

SK hynix, which is the world’s first to produce 12-layer HBM products for 5th generation and supply them to customers, will showcase samples of HBM3E 16-layer products, which were officially developed in November last year. This product uses the advanced MR-MUF process to achieve the industry’s highest 16-layer configuration while controlling chip warpage and maximizing heat dissipation performance.

In addition, the company will display high-capacity, high-performance enterprise SSD products, including the ‘D5-P5336’ 122TB model developed by its subsidiary Solidigm in November last year. This product, with the largest existing capacity, high power and space efficiency, has been attracting considerable interest from AI data center customers.

“As SK hynix succeeded in developing QLC2 (Quadruple Level Cell)-based 61TB products in December, we expect to maximize synergy based on a balanced portfolio between the two companies in the high-capacity eSSD market” said Ahn Hyun, CDO at SK hynix. The company will also showcase on-device AI products such as ‘LPCAMM23’ and ‘ZUFS 4.04,’ which improve data processing speed and power efficiency to implement AI in edge devices like PCs and smartphones. The company will also present CXL and PIM (Processing in Memory) technologies, along with modularized versions, CMM(CXL Memory Module)-Ax and AiMX5, designed to be core infrastructures for next-generation data centers.

2QLC: NAND flash is divided into SLC (Single Level Cell), MLC (Multi Level Cell), TLC (Triple Level Cell), QLC (Quadruple Level Cell), and PLC (Penta Level Cell) depending on how much information is stored in one cell. As the amount of information stored increases, more data can be stored in the same area.

3Low Power Compression Attached Memory Module 2 (LPCAMM2): LPDDR5X-based module solution that provides power efficiency and high performance as well as space savings. It has the performance effect of replacing two existing DDR5 SODIMMs with one LPCAMM2.

4Zoned Universal Flash Storage (ZUFS): A NAND Flash product that improves efficiency of data management. The product optimizes data transfer between an operating system and storage devices by storing data with similar characteristics in the same zone of the UFS, a flash memory product for various electronic devices such as digital camera and mobile phone.

5Accelerator-in-Memory based Accelerator (AiMX): SK hynix’s accelerator card product that specializes in large language models using GDDR6-AiM chips

In particular, CMM-Ax is an groundbreaking product that adds computational functionality to CXL’s advantage of expanding high-capacity memory, contributing to improving performance and energy efficiency of the next-generation server platforms6.

6Platform: Refers to a computing system that integrates both hardware and software technologies. It includes all key components necessary for computing, such as the CPU and memory.

“The changes in the world triggered by AI are expected to accelerate further this year, and SK hynix will produce 6th generation HBM (HBM4) in the second half of this year to lead the customized HBM market to meet the diverse needs of customers,” said Kwak Noh-Jung, CEO at SK hynix. “We will continue to do our best to present new possibilities in the AI era through technological innovation and provide irreplaceable value to our customers.”

About SK hynix Inc.

SK hynix Inc., headquartered in Korea, is the world’s top-tier semiconductor supplier offering Dynamic Random Access Memory chips (“DRAM”), flash memory chips (“NAND flash”), and CMOS Image Sensors (“CIS”) for a wide range of distinguished customers globally. The Company’s shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxemburg Stock Exchange. Further information about SK hynix is available at www.skhynix.com, news.skhynix.com.

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SOURCE SK hynix Inc.

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Secondary Tickets Market, 28% of Growth to Originate from North America, Technavio

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NEW YORK, Jan. 2, 2025 /PRNewswire/ — The global secondary tickets market size is estimated to grow by USD 9.05 billion from 2025 to 2029, according to Technavio. The market is estimated to grow at a CAGR of 8.4% during the forecast period.

For comprehensive forecast and historic data on regions,market segments, customer landscape, and companies- Click for the snapshot of this report

Report Attribute

Details

Base Year

2024

Forecast period

2025-2029

Historic Data for

2019 – 2023

Segments Covered

Type (Sports events, Concerts, Performing arts, and Movies), Mode Of Booking (Online and Offline), and Geography (North America, Europe, APAC, South America, and Middle East and Africa) 

Key Companies Covered

Ace Ticket LLC, Anschutz Entertainment Group Inc., Citizen Ticket Ltd., Coast To Coast Tickets LLC, CTS Eventim AG and Co. KGaA, eBay Inc., Eventbee Inc., Eventbrite Inc., Face-value Alliance Ticketing Ltd., Ideabud LLC, Live Nation Entertainment Inc., PrimeSport LLC, SeatGeek Inc., Ticket City Inc., TicketNetwork Inc., TickPick LLC, TiqIQ LLC, Twickets Ltd., Viagogo Entertainment Inc., and Vivid Seats Inc. 

Regions Covered

North America, Europe, APAC, South America, and Middle East and Africa

Region Outlook

North AmericaEuropeAsiaRest of World

1. North America – North America is estimated to contribute 28%. To the growth of the global market. The Secondary Tickets Market report forecasts market growth by revenue at global, regional & country levels from 2017 to 2027. In the geographic landscape of the secondary tickets market, fraudulent activities such as ticket scalping and the resale of tickets continue to pose moral concerns for sincere fans. Exorbitant costs, driven by dishonest persons using bots and automated software, create risks for consumers seeking acceptable prices. The global market for tickets, including concerts, sports events, theater performances, and special events, has become a commanding presence in the entertainment industry. Urbanization and digital platforms have expanded the market, making trips and experiences more accessible but also increasing the prevalence of deceptive advertising on third-party platforms. Technological changes, such as sophisticated bots and algorithms, have complicated security measures for individual sellers and professional resellers/brokers. Blockchain technology offers potential solutions through ticket ownership and authenticity, but consumer complaints persist due to inflated prices and the risks associated with automated scalping. Equitable ticket allocation and a user-friendly ecosystem remain elusive goals in this complex market.

The secondary tickets market refers to the sale of tickets for events that have already been purchased by individuals but are now being resold. This market provides an opportunity for fans to purchase tickets to sold-out events. It operates through various platforms, including online marketplaces and brokers. The demand for secondary tickets is driven by the desire to attend popular events that may have limited ticket availability. The market functions based on supply and demand principles, with prices fluctuating according to the availability and desirability of the tickets. It’s essential to note that the purchase of secondary tickets may come with additional fees and potential risks, such as the possibility of counterfeit tickets.

For more insights on North America’s significant contribution along with the market share of rest of the regions and countries – Download a FREE Sample

Segmentation Overview

Type1.1 Sports events1.2 Concerts1.3 Performing arts1.4 MoviesMode Of Booking2.1 Online2.2 OfflineGeography3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

Get a glance at the market contribution of rest of the segments – Download a FREE Sample Report in minutes!

1.1 Fastest growing segment:

The secondary tickets market refers to the sale of tickets for events that have already been purchased by individuals but are now being resold. This market provides an opportunity for fans to purchase tickets to sold-out events. It operates through various platforms, including online marketplaces and brokers. The demand for secondary tickets is driven by the desire to attend popular events that may have limited ticket availability. The market functions based on supply and demand principles, with prices fluctuating according to the availability and desirability of the tickets. It’s essential to note that the purchase of secondary tickets may come with additional fees and potential risks, such as the possibility of counterfeit tickets.

Research Analysis

The secondary tickets marketplace experiences significant demand during sold-out concerts, big athletic events, and blockbuster theatrical plays. This demand often leads to a spike in prices, making tickets unaffordable for sincere fans. The resale of tickets through unofficial channels and third-party platforms poses moral concerns and risks, including fraudulent activities, unfair competition, and deceptive advertising. Dishonest persons use automated software and bots to buy tickets in restricted quantities, leading to inflated prices and exorbitant costs. Ethical considerations and customer trust are crucial in this market, as fans seek convenience without falling victim to fraudulent scalpers.

Market Overview

The Secondary Tickets Market refers to the sale and purchase of tickets for events that have already been issued. This market operates independently of the primary market, which sells tickets directly from the event organizers or venues. The demand for secondary tickets arises due to various reasons such as unavailability of tickets in the primary market, high demand for popular events, or the convenience of purchasing tickets closer to the event date. The market for secondary tickets is regulated by various laws and regulations to prevent fraudulent activities and ensure fair pricing. The use of technology, such as mobile applications and websites, has significantly increased the accessibility and convenience of buying and selling secondary tickets. The market for secondary tickets is a dynamic one, with prices fluctuating based on various factors such as demand, supply, and the proximity of the event date.

Start exploring market insights by Download a FREE Sample Report in minutes!

Key Topics Covered:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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