Technology

MetaStreet Expands NodeFi Coverage with First Ever Onchain DePIN Financing Pool on Arbitrum, $3.3M Posted As Collateral

Published

3 weeks ago

December 20, 2024

Tactical Compute (TACOM) provides hardware collateral, with Metaversal Asset Management anchoring the pool with $415K in debt capital

SINGAPORE, Dec. 20, 2024 /PRNewswire/ — Tactical Compute (TACOM), a new AI-technology focused investment vehicle launched by Aethir, MetaStreet, and Beam is driving innovation with the first-ever onchain financing deal for decentralized physical infrastructure (DePIN) assets. TACOM’s $3.3 million mobile chip contract, which is leased onchain through Aethir, was tokenized in order to be used as collateral on MetaStreet’s DePIN Financing Pool on Arbitrum. This deal is anchored by $415K in debt capital from Metaversal, showcasing how onchain capital markets can unlock liquidity to support the growth of DePIN infrastructure.

By allowing hardware owners to access onchain liquidity, MetaStreet addresses the longstanding challenge faced by DePIN network participants who often rely on costly upfront investments to support their operations.

This development builds on TACOM’s $40 million fundraise, which focuses on financing critical technologies at the intersection of AI and crypto. MetaStreet, a leader in Object-Oriented Finance, provides expertise in onchain lending for traditionally hard-to-finance assets, while Arbitrum’s Layer 2 blockchain ensures scalability and a robust DeFi ecosystem. Metaversal’s expertise in credit underwriting has been key to enabling this innovative financing model.

Addressing Liquidity Challenges in DePIN
Mobile chips, GPUs, and other hardware represent immense cash flow potential, yet traditional financing options are often inflexible, inefficient, or entirely unavailable for hardware providers in DePIN networks. By tokenizing these assets and integrating them into onchain capital markets, MetaStreet unlocks liquidity for providers like TACOM and creates new yield opportunities for institutional lenders like Metaversal.

Unlocking Liquidity Through Tokenization and Lending
TACOM’s $3.3 million mobile chip contract is tokenized through Permian Labs, the developer of MetaStreet, as NFTs on Arbitrum’s efficient Layer 2 blockchain. These NFTs represent legal ownership and can be used in DeFi applications. The tokenized assets are pledged as collateral in MetaStreet’s lending pools, allowing borrowers to access liquidity and lenders to earn yield.

In the event of default, the NFTs are auctioned onchain, with proceeds returned to lenders. Buyers of the NFTs can redeem the physical hardware. The initial loan of $415K from Metaversal highlights how innovative lending structures make DeFi liquidity accessible for assets traditionally difficult to finance.

Why Arbitrum?
Arbitrum’s scalable infrastructure and robust DeFi ecosystem make it the ideal network for this initiative. As the largest Layer 2 blockchain by TVL, it offers low fees and operational efficiency, enabling the seamless integration of tokenized real-world assets into decentralized finance.

MetaStreet: Innovators in Object-Oriented Finance
MetaStreet specializes in enabling onchain liquidity for hard-to-trade assets, making it uniquely positioned to bring hardware financing into DeFi. Its lending infrastructure supports the creation of liquid, yield-bearing assets, advancing the integration of real-world assets into blockchain-based systems.

“This is a major step for DeFi and depin financing,” said Conor Moore, Co-Founder of Permian Labs. “By bringing GPUs and mobile chips onchain, we’re unlocking new liquidity for assets traditionally hard to finance. Arbitrum’s scalability and strong DeFi ecosystem make it the perfect platform for this innovation, and we’re excited to build in an environment that supports emerging while working with institutional lenders like Metaversal to pioneer DePINfi.”

A New Frontier for DePIN Financing
This development redefines DePIN financing by combining TACOM’s focus on AI technology, MetaStreet’s expertise in onchain structured financing, Metaversal’s institutional capital support, and Arbitrum’s advanced blockchain infrastructure. Together, these efforts create a scalable, efficient, and secure pathway for financing physical infrastructure onchain and supporting the growth of AI and compute supply.

About Tactical Compute (TACOM)
Tactical Compute (TACOM) is a $40 million investment vehicle launched by Aethir, MetaStreet, and Beam. With a flexible approach using hardware, mining, equity, tokens, and yield strategies, TACOM supports and accelerates the growth of emerging Crypto x AI protocols and networks through bespoke, innovative deals.

About MetaStreet
MetaStreet is at the forefront of the Object-Oriented Finance (OOF) revolution, transforming onchain objects into financial assets. Developed by Permian Labs, MetaStreet offers tools to unlock liquidity and maximize yield across traditionally hard-to-trade objects like NFTs, nodes, GPUs, and real-world assets. Since its inception, MetaStreet has facilitated over $400 million in lending. Incubated by Binance Labs and backed by Dragonfly, DCG, Alliance, and Nascent, MetaStreet is pioneering the future of decentralized finance for all onchain assets.

About Arbitrum
Arbitrum is a customizable, interoperable set of solutions designed to bring businesses and people onchain. Its flagship blockchain, Arbitrum One, dominates L2 TVL with deep liquidity and streamlined deployment capabilities, powering dApp innovation across DeFi, DePIN, gaming, and other verticals. Additional technologies like Orbit, which enables the development of customizable, interconnected chains leveraging the Arbitrum ecosystem, and Stylus, supporting Rust and C++, push Arbitrum to the forefront of pioneering innovation in blockchain development.

About Aethir
Aethir is a decentralized cloud platform delivering scalable, high-performance computing infrastructure for Web3. Its global network of nodes enables efficient and reliable compute services, empowering the next generation of decentralized applications.

About Metaversal
Metaversal is a first-of-its-kind Web3 venture studio focused on reimagining ownership through decentralized technologies. Its mission is to give everyone a share in the future they help build.

Contact:
arbitrumpr@mgroupsc.com

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SOURCE Arbitrum Foundation, Aethir and MetaStreet

Technology

LB Technology Partners with Motorq to Integrate OEM Data Services

Published

44 minutes ago

January 13, 2025

MEMPHIS, Tenn., Jan. 13, 2025 /PRNewswire/ — LB Technology, a leader in fleet management and telematics solutions, is pleased to announce a strategic partnership with Motorq, a leading connected vehicle data platform, to integrate OEM data services into LB Technology’s suite of fleet solutions. This collaboration enhances LB Technology’s ability to provide real-time insights, streamline operations, and offer data-driven decision-making capabilities to its clients using factory-installed OEM telematics hardware from some of the world’s leading automakers, including General Motors, Ford, Toyota, Stellantis, Volkswagen, Volvo, BMW and more.

Integrating Motorq’s cutting-edge OEM data services will enable LB Technology to deliver richer, more accurate vehicle data, including diagnostics, driver behavior analytics, and predictive maintenance insights across many different vehicle manufacturers to deliver actionable insights on one single platform without needing external devices.

“Integrating Motorq’s OEM data services into our platform represents a significant step forward in our mission to deliver smarter, more efficient solutions on one single platform for fleet operators,” said Matt Courts, CTO of LB Technology. “This partnership empowers our customers with the tools and data they need to operate more safely, cost-effectively, and sustainably. We are excited about the possibilities this collaboration brings.”

“We’re thrilled to partner with LB Technology, a company that shares our vision of harnessing data to drive smarter fleet management,” said Matt Naiman, Senior Vice President of Sales at Motorq. “Our OEM data services bring unparalleled accuracy and depth, providing LB Technology’s customers with the insights they need to optimize their operations and achieve their goals.”

The partnership between LB Technology and Motorq is poised to set a new standard in fleet management. It will enable businesses to unlock the full potential of mixed fleet-connected vehicle data while enhancing safety, efficiency, and productivity.

For more information about this partnership and its benefits, please visit www.fleettrack.com.

About LB Technology
LB Technology is a leading provider of fleet management solutions, delivering cutting-edge telematics technology and data-driven insights to businesses worldwide. By leveraging innovative tools and expertise, LB Technology empowers fleet operators to improve safety, efficiency, and sustainability.

About Motorq
Motorq is a leading connected vehicle data platform that helps businesses unlock the power of OEM data to optimize fleet performance and operations. With a focus on accuracy, security, and actionable insights, Motorq is revolutionizing how organizations manage their fleets.

View original content:https://www.prnewswire.com/news-releases/lb-technology-partners-with-motorq-to-integrate-oem-data-services-302349476.html

SOURCE LB Technology, Inc.

Technology

InventHelp Inventor Develops New Set of Audio Accessories (BDH-351)

Published

45 minutes ago

January 13, 2025

PITTSBURGH, Jan. 13, 2025 /PRNewswire/ — “I wanted to create a way to use either earphones or open-air speakers with one accessory,” said an inventor, from Deridder, La., “so I invented the RACHAL – JOHNSON INVENTION. My design increases options when listening to music or other digital content.”

The patent-pending invention provides a new set of accessories for digital music/media consumers. In doing so, it allows for wireless earphone and speaker use. As a result, it increases convenience. It also offers uninterrupted listening, even when charging the earphones. The invention features a versatile design that is easy to use so it is ideal for the general population. Additionally, a prototype is available.

The original design was submitted to the National sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 23-BDH-351, InventHelp, 100 Beecham Drive, Suite 110, Pittsburgh, PA 15205-9801, or call (412) 288-1300 ext. 1368. Learn more about InventHelp’s Invention Submission Services at http://www.InventHelp.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/inventhelp-inventor-develops-new-set-of-audio-accessories-bdh-351-302347421.html

SOURCE InventHelp

Technology

Proper Good, Inc. Successfully Secures New Funding to Fuel Growth

Published

45 minutes ago

January 13, 2025

AUSTIN, Texas, Jan. 13, 2025 /PRNewswire/ — Proper Good, Inc., a leader in ready-to-eat meal solutions, announced today that it successfully secured additional funding in the fourth quarter of 2024 to support the expansion of its 19 affordable meal options, which include oats, soups, and pastas. This milestone underscores the company’s ongoing growth and dedication to providing accessible, ready-made meal choices to a broader audience.

Available in thousands of Walmart locations for under $5 each, Proper Good meals are designed to make healthy and convenient eating accessible to all. The funding round was primarily backed by internal investors and board members, with a strategic focus on driving retail growth and introducing Proper Good to new households in 2025.

“We’re absolutely thrilled to have the incredible backing of our investors as we deepen our retail partnerships,” said Christopher Jane, Co-Founder & CEO of Proper Good. “This support empowers us to bring an even wider variety of delicious, easy meals to Walmart shelves in 2025—making mealtime a breeze for everyone!”

These funds will be strategically deployed to accelerate product development, expand operations, and enhance customer offerings, ensuring Proper Good continues to innovate and lead in the ready-to-eat food space

With a proven track record, innovative solutions, and visionary leadership, Proper Good has garnered significant interest from the investment community. The company remains dedicated to making wholesome, affordable, and convenient meals a staple for households across the nation.

For more information about Proper Good, Inc or to inquire about this offering, please contact:

Media Contact
Jenelle Hamilton PR
Jenelle Hamilton
388645@email4pr.com
+1 646.421.9139

View original content to download multimedia:https://www.prnewswire.com/news-releases/proper-good-inc-successfully-secures-new-funding-to-fuel-growth-302349494.html

SOURCE Proper Good Inc.