Technology

International Food Giant Launches New Boba Man NFT

Published

2 years ago

November 7, 2022

ALHAMBRA, Calif., Nov. 7, 2022 /PRNewswire/ — Taiwan-based Orbitel International Corp., a leading manufacturer of instant foods, has announced plans to release boba-inspired non-fungible tokens (NFTs). The food giant plans to use its O’s Bubble mascot, Boba Man, to be the face of the collection. Through his bubbly persona, Orbitel hopes Boba Man will inspire individuals to live in the moment, enjoy life, and show self-worth.

In order to echo the growing bubble tea megatrend, the design elements of Boba Man will combine trend segments from young people and will also accommodate the elements of characteristic culture (attractions, cultural appearance, etc.), which are all linked to the company’s Taiwanese roots.

The unique tokens will be housed on the Polygon blockchain and displayed on the OpenSea NFT marketplace. However, initially they will not be available for purchase directly. Interested parties must join Orbitel’s NFT event to obtain one of the exclusive boba NFTs. After the NFTs initial release, owners will be able to trade the tokens freely on the secondary market.

The company’s NFT event will begin on November 7 and run through November 30, 2022. All participants will have a chance to win their own unique Boba Man NFT. Interested parties are invited to visit Orbitel’s NFT Event Page and fill in their contact information. From there, participants will be automatically entered to win. Winners will be announced on December 5, 2022.

After landing on the event page, users will notice that some of the boba NFTs will be linked to the four flavors of Gummy Boba Soy Milk (black tea, brown sugar, banana, and strawberry) or the company’s Instant Marbling Boba Party Kit. After obtaining one of the Boba Man NFTs, users are required to post the image they received on their personal Instagram page and @osbubbletea with hashtags #bobaman #bobamannft, and #bobaverse. From there, users will be contacted directly by a member of the O’s Bubble team.

A new player in the land of NFTs

As a new face in the NFT realm, the brand hopes to ultimately spread its love for bubble tea across the Web2 and Web3 spaces through connections with its GenZ audience, who happen to be some of the biggest fans supporting bubble tea. The company ultimately hopes to catch the eye of more GenZ’ers through the unique characteristics of its Boba Man mascot.

The brand cites inspiration from big brands that have already succeeded in the NFT space, such as retail giants Gucci and Louis Vuitton (LV). Both have great track records of success in the NFT space. Last year, Gucci auctioned off a collection with prices beginning at $20,000. However, the boba collection will be more affordable for the average individual. Per the O’s Bubble Event Page, prices are currently equivalent to around $150 USD.

About Orbitel International Corp.

Orbitel International Corporation is a Taiwan-based company that was founded by Gary Tsai at the turn of the century.

Orbitel is a global leader in instant foods and is particularly known for instant boba tea innovation and production. The company’s mission is to “spread Bobaness to every corner of the world” through its ready-to-drink boba pack. Its release of instant boba in the United States is part of the company’s recent worldwide expansion efforts.

Orbitel’s innovations aren’t limited to boba tea, however. The food giant has also launched an O’scallion series, which features veggie rice burgers. All products offered by the company are well-known staples of Taiwan.

For more information about Orbitel, visit the company’s website and follow the brand on Instagram.

Media Contact

Contact name: Nina Jen

Email address: marketing@orbitelinternational.com

Phone Number: +1 626-989-3213

View original content to download multimedia:https://www.prnewswire.com/news-releases/international-food-giant-launches-new-boba-man-nft-301669839.html

SOURCE Orbitel International Corp.

Technology

Max Stock Limited Announces Change in Shares Held by an Interested Party

Published

46 minutes ago

November 24, 2024

CAESAREA, Israel, Nov. 24, 2024 /PRNewswire/ — Max Stock Limited (TASE: MAXO(; )the “Company”, “Max Stock“) today announced that on November 20th, 2024, Phoenix Financial Ltd. and Phoenix Investment House Ltd. (“Phoenix reporting group”), including their respective nostro account, provident funds and provident fund management companies, as well as mutual fund management companies and market maker sub entities, informed the Company that they had sold shares of the Company thereby lowering their joint holdings to 4.8% of the Company’s issued capital (4.15% and 0.65% respectively). As a result, Phoenix reporting group will no longer be an interested party in the Company.

This is an English translation of segments of a Hebrew immediate report that was published on November 24, 2024 (Ref. No: 2024-01-618032) (hereinafter: the “Hebrew Version”). This English version is only for convenience purposes. This is not an official translation and has no binding force. In the event of any discrepancy between the Hebrew Version and this translation, the Hebrew Version shall prevail.

About Max Stock

Max Stock is Israel’s leading extreme value retailer, currently present in 64 locations throughout Israel and 2 locations in Portugal. We offer a broad assortment of quality products for customers’ everyday needs at affordable prices, helping customers “Dream Big, Pay Small”. For more information, please visit https://ir.maxstock.co.il

Company Contacts:

Talia Sessler,
Chief Corporate Development and IR Officer
talia@maxstock.co.il

View original content:https://www.prnewswire.com/news-releases/max-stock-limited-announces-change-in-shares-held-by-an-interested-party-302314811.html

SOURCE Max Stock Limited

Technology

Qatar Development Bank announces strategic investment in global Islamic FinTech, Wahed

Published

5 hours ago

November 24, 2024

DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.

Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.

Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.

Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

About Qatar Development Bank

Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.

For more information, visit: https://www.qdb.qa/

SOURCE Wahed

Technology

Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region

Published

5 hours ago

November 24, 2024

DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.

On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”

Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.

His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.

As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.

Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”

About Wahed

For more information, visit: www.wahed.com

Photo – https://mma.prnewswire.com/media/2566076/Wahed_MENA_Khalid_Al_Jassim.jpg

View original content:https://www.prnewswire.co.uk/news-releases/wahed-appoints-khalid-al-jassim-as-executive-chairman-of-wahed-mena-to-help-guide-the-strategic-growth-of-wahed-in-the-region-302314779.html