Technology
Martello Reports Financial Results for the First Quarter of the 2025 Fiscal Year
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2 years agoon
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Vantage DX revenue grows as the Company focuses on product innovation, generating demand and developing partner channel sales, including new opportunities in the Mitel channel.
Vantage DX achieved 18% year-over-year revenue growth and a 15% increase in monthly recurring revenue (MRR).Martello launched user experience management for Copilot for Microsoft 365 in June 2024, as part of a drive to help businesses safeguard their investment in costly premium Microsoft services such as Teams Rooms and Teams Phone.The Company is investing in H1 FY25 to increase market demand for Vantage DX and acquire, onboard and activate channel partners.Mitel channel is a stable source of recurring revenue with upside from Mitel’s acquisition of Unify and growing interest in Vantage DX from Mitel and Mitel partners.Legacy products are sunsetting as planned.
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./
OTTAWA, ON, Aug. 15, 2024 /CNW/ – Martello Technologies Group Inc., (“Martello” or the “Company”) (TSXV: MTLO), a provider of user experience management solutions purpose-built for Microsoft Teams and Mitel unified communications, today released financial results for the three months ended June 30, 2024. Martello software provides businesses with actionable insights on the performance and user experience of cloud services such as video conferencing and voice calls, with a focus on Microsoft 365, Microsoft Teams and Mitel unified communications.
Terence Matthews, Chairman of Martello is pleased with the pace of Vantage DX product innovation and its potential to create opportunities in the Mitel ecosystem: “Businesses are investing significantly in premium Microsoft services such as Copilot, Teams Rooms and Teams Phone. It’s absolutely critical that they provide an exceptional experience and high uptime for users,” said Mr. Matthews. “Partners have an increasingly important role to play in providing these services to customers, and I’m pleased that many have turned to Martello, already a trusted partner, for their experience management solution.”
“Martello is rapidly executing on significant change and improvement initiatives to drive Vantage DX growth”, said Jim Clark, Chief Executive Officer of Martello. “Together with the management team and board of directors, I am monitoring the impact of these improvements closely to ensure they drive value for customers and shareholders. We continue to look deeply at every step of the value chain to find opportunities for improvement. We are making targeted investments and repurposing resources in H1 FY25 to develop our channel business and to increase market demand, which we believe will have the most meaningful impact on Vantage DX revenue growth”.
Q1 FY25 Financial Highlights
Financial Highlights
June 30,
June 30,
(in 000’s)
2024
2023
(Three months ended)
Sales
$
3,797
4,004
Cost of Goods Sold
496
481
Gross Margin
3,301
3,523
Gross Margin
%
86.9 %
88.0 %
Operating Expenses
4,047
4,285
Loss from operations
(746)
(762)
Other income/(expense)
(407)
(562)
Loss before income tax
(1,154)
(1,324)
Income tax recovery
115
117
Net loss
(1,038)
(1,208)
Total Comprehensive loss
$
(1,093)
(1,156)
EBITDA (1)
$
(268)
(288)
Adjusted EBITDA (1)
$
(192)
(201)
(1) Non-IFRS measure. See “Non-IFRS Financial Measures”.
Revenue in Q1 FY25 was $3.8M representing a 5% decrease compared to Q1 FY24. Vantage DX revenue grew 18% year-over-year and Mitel revenue declined slightly. Sunsetting legacy product revenue declined as expected.Vantage DX monthly recurring revenue (“MRR”) increased by 15% in Q1 FY25 compared to Q1 FY24, both from direct sales and activities with partners. Vantage DX is the experience management solution that is purpose-built for Microsoft Teams. Vantage DX contributed $0.60M in revenue in Q1 FY25, an 18% increase compared to the same period in the prior year.Sunsetting legacy product revenue represented 39% of total revenue in Q1 FY25 and declined by 12% or $0.21M in Q1 FY25 compared to Q1 FY24. The ongoing decline of legacy product revenue is proceeding as expected.The Mitel business remains a stable source of recurring revenue and cash, with a 5% decrease in revenue from this segment in Q1 FY25 compared to the same period in the prior year (8% decrease when normalized for foreign currency exchange). This decrease is attributable to a minor variance in the mix of revenue from various Mitel Performance Analytics offerings, partially offset by favourable foreign currency exchange rates (USD-CAD). The Mitel business represented 45% of total revenues in Q1 FY25 and Q1 FY24.Revenue was 98% recurring in both Q1 FY25 and Q1 FY24.Gross margin as a percentage of revenue was 87% in Q1 FY25, compared to 88% in Q1 FY24. This nominal decrease is attributable to the higher cost of hosting software products on the cloud. Management continues to execute a strategy to reduce hosting costs.MRR decreased by 6% to $1.24M in Q1 FY25 compared to $1.31M in the prior year. The decrease is primarily attributable to expected declines in legacy product revenue. MRR is a non-IFRS measure, representing average monthly recurring revenues earned in a fiscal quarter.Operating expenses decreased 6% to $4.05M in Q1 FY25 compared to $4.29M in Q1 FY24. These reductions in operating expenses represent a continued focus on value for spend in all functions of the value chain, including lower headcount costs.The Q1 FY25 loss from operations of $0.75M represented a 2% decrease compared to $0.76M in Q1 FY24, due to the items outlined above, partially offset by lower gross margin.The Adjusted EBITDA (a non-IFRS measure) was a loss of $0.19M in Q1 FY25, a 4% improvement compared to the same period of FY24, attributable to the items described above.The Company’s cash and short-term investments balance was $6.36M as of June 30, 2024 (compared to $7.72M at March 31, 2024).
The financial statements, notes and Management Discussion and Analysis (“MD&A”) are available under the Company’s profile on SEDAR+ at www.sedarplus.ca, and on Martello’s website at www.martellotech.com. The financial statements include the wholly-owned subsidiaries of Martello. All amounts are reported in Canadian dollars.
This press release does not constitute an offer of the securities of the Company for sale in the United States. The securities of the Company have not been registered under the United States Securities Act of 1933, (the “1933 Act”) as amended, and may not be offered or sold within the United States absent registration or an exemption from registration under the 1933 Act.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
About Martello Technologies Group
Martello (TSXV: MTLO) is a technology company that provides user experience management solutions purpose-built for Microsoft Teams and Mitel unified communications. The Company’s Vantage DX solution enables IT teams to deliver a frictionless Microsoft Teams experience to their users. With Vantage DX, IT can move from reactive to proactive by detecting potential performance issues before they impact users, and speeding resolution time from days to minutes. This leads to increased productivity, realizes efficiencies, and allows businesses to harness the full value of Microsoft Teams. Martello is a public company headquartered in Ottawa, Canada with employees in Europe, North America and the Asia Pacific region. Learn more at http://www.martellotech.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods and ” includes, but is not limited to, statements with respect to activities, events or developments that the Company expects or anticipates will or may occur in the future, including the aim to accelerate Vantage DX growth in FY25 to drive customer and shareholder value, growth opportunities presented by Mitel’s acquisition of Unify and partner engagement, the aim to increase market demand and acquire, onboard and activate channel partners with investments in H1 FY25 and the plan to reduce hosting costs.
Forward-looking information is neither a statement of historical fact nor assurance of future performance. Instead, forward-looking information is based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking information relates to the future, such statements are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking information. Therefore, you should not rely on any of the forward-looking information. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking information include, among others, the following:
Continued volatility in the capital or credit markets and the uncertainty of additional financing.Our ability to maintain our current credit rating and the impact on our funding costs and competitive position if we do not do so.Changes in customer demand.Disruptions to our technology network including computer systems and software, as well as natural events such as severe weather, fires, floods and earthquakes or man-made or other disruptions of our operating systems, structures or equipment.Delayed purchase timelines and disruptions to customer budgets, as well as Martello’s ability to maintain business continuity as a result of COVID-19.and other risks disclosed in the Company’s filings with Canadian Securities Regulators, including the Company’s annual information form for the year ended March 31, 2021 dated January 7, 2022, which is available on the Company’s profile on SEDAR at www.sedar.com.
Any forward-looking information provided by the Company in this news release is based only on information currently available and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking information, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
SOURCE Martello Technologies Group Inc.
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SAP AppHaus and NTT DATA Expand Global SAP AppHaus Alliances to Accelerate Human-Centered SAP Business AI at Scale
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May 11, 2026By
WALLDORF, Germany and LONDON, May 11, 2026 /PRNewswire/ — SAP AppHaus and NTT DATA Business Solutions today announced the expansion of their global SAP AppHaus Alliances partnership. The next phase of the collaboration focuses on helping organizations move beyond isolated AI experiments and accelerate the adoption of scalable, business–driven AI embedded into Cloud ERP environments.
Building on its established role within the SAP AppHaus Alliances, NTT DATA Business Solutions is taking a leading role in operationalizing human–centered solutions built with SAP Business AI at global scale. Central to this approach is the combination of the SAP AppHaus methodology with NTT DATA Business Solution’s GenAI Accelerated toolkit, enabling customers to identify high–value AI use cases, rapidly prototype solutions on SAP Business Technology Platform (SAP BTP), and industrialize them across SAP Cloud ERP landscapes.
Through its Global Enablement Program, using the SAP AppHaus methodology, NTT DATA Business Solutions is equipping multidisciplinary teams worldwide with a repeatable framework for AI exploration, design and delivery. The initiative brings together SAP AppHaus human–centered design, NTT DATA Business Solution’s proprietary GenAI Accelerated assets, and SAP technologies such as Joule and SAP Business Data Cloud.
This integrated approach helps customers achieve faster time–to–value, lower development risk and higher adoption by directly connecting AI innovation to core business processes. Rather than treating AI as a standalone initiative, NTT DATA Business Solutions embeds it into Cloud ERP transformation programs – an approach reflected in its global customer engagement theme Cloud ERP Supercharged.
“With Cloud ERP Supercharged, we are deliberately redefining how SAP Business AI is used in SAP environments. It is not about isolated use cases, but about embedding AI directly into Cloud ERP processes, from master data and partner collaboration to document handling and logistics,” said Nicolaj Vang Jessen, Executive Managing Director Consulting GIIC and Nordics & Eastern Europe, NTT DATA Business Solutions. “By combining human–centered design, ready–to–run AI extensions and Joule capabilities, we enable our customers to automate, run and continuously learn, turning Cloud ERP into a platform for sustained business performance.”
The expanded alliance builds on successful joint customer engagements, including organizations such as Amey and Aspen Pumps, where NTT DATA Business Solutions applied the SAP AppHaus approach and the GenAI Accelerated toolkit to deliver tangible outcomes – from smarter decision–making and process automation to improved operational resilience.
“Our expanded partnership with SAP AppHaus reflects a deliberate shift from isolated AI use cases to enterprise–wide SAP Business AI,” said Mark Wheeler, Global Head of Product Engineering & AI Customer Success, NTT DATA Business Solutions. “By combining human–centered design with our GenAI Accelerated toolkit, we enable customers to translate AI ambition into solutions that improve speed, quality and competitiveness, directly within their SAP Cloud ERP environments.”
With operations in more than 30 countries and over 15,000 SAP specialists worldwide, NTT DATA Business Solutions continues to differentiate itself in the SAP ecosystem by combining industry expertise, proprietary AI assets and global delivery at scale. The SAP AppHaus methodology further reinforces the company’s ambition to actively shape how SAP Business AI is designed, deployed and scaled within SAP–centric enterprises.
For more information, please visit nttdata-solutions.com.
About NTT DATA Business Solutions
NTT DATA Business Solutions is focused on SAP and works within a strong ecosystem of partners including Microsoft and ServiceNow. We enable midmarket and lower large enterprise companies worldwide to become Intelligent Enterprises – from consulting and implementation to managed services. We are part of NTT DATA a $30+ billion business and technology services leader, serving 75% of the Fortune Global 100. Together, we are committed to accelerating client success and positively impacting society through responsible innovation. We are one of the world’s leading AI and digital infrastructure providers, with unmatched capabilities in enterprise-scale AI, cloud, security, connectivity, data centers and application services. Our consulting and industry solutions help organizations and society move confidently and sustainably into the digital future. As a Global Top Employer, we have experts in more than 70 countries. We also offer clients access to a robust ecosystem of innovation centers as well as established and start-up partners. NTT DATA is part of NTT Group, which invests over $3 billion each year in R&D.
Press Contact NTT DATA Business Solutions
Jasmin Straeter
Head of Global Communications
NTT DATA Business Solutions AG
Königsbreede 1, 33605 Bielefeld,
Germany
T: +49 521 9 14 48 108
Email: Jasmin.Straeter@nttdata.com
View original content:https://www.prnewswire.co.uk/news-releases/sap-apphaus-and-ntt-data-expand-global-sap-apphaus-alliances-to-accelerate-human-centered-sap-business-ai-at-scale-302767215.html
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AnySearch Launches as Search Infrastructure Built for AI Agents
Published
59 minutes agoon
May 11, 2026By
HONG KONG, May 11, 2026 /PRNewswire/ — As AI agents rapidly evolve from experimental tools into productivity systems, AnySearch, a next-generation AI search product purpose-built for AI agents and enterprise AI systems, has officially launched, offering AI agents unified access to high-quality information.
Unlike traditional search engines or AI search products built primarily around public web content, AnySearch is founded on a fundamentally different premise: much of the information most valuable to AI agents is not publicly searchable.
A significant portion of high-value data does not reside on the open web, but within authenticated professional systems such as industry databases, real-time financial terminals, code repositories, academic platforms, and structured API services. As AI agents begin handling increasingly sophisticated tasks — including research and analysis, software development, and security audits — efficiently connecting to and accessing high-quality, fragmented data across multiple sources has become a key challenge for the next stage of AI application development.
The AnySearch team said, “Traditional search engines can only access a small fraction of the internet. But AI agents need far more than webpages — they require secure, reliable, structured, and real-time information that can support reliable reasoning and execution.”
To address this challenge, AnySearch aggregates extensive vertical data sources spanning finance, legal, academic research, cybersecurity, energy, and corporate intelligence, among other specialized domains. Through a single unified API, AI agents can directly retrieve accurate, structured results without requiring developers to manage dozens of disparate data interfaces. AnySearch natively supports Skill, MCP, and API connectivity, enabling seamless integration into AI agents, enterprise systems, and automated workflows.
The product is now available across multiple developer ecosystems, including GitHub, skills.sh, ClawHub, SkillHub, and Glama, with users currently receiving 1,000 free API calls per day.
As momentum in the AI search space continues to build, AnySearch is pursuing a distinct path from traditional search engines such as Google, focusing on high-precision, structured search capabilities purpose-built for AI agents.
According to internal benchmark evaluations across Frames, FreshQA, and WebWalkerQA, AnySearch delivered stronger results than public-web-based AI search products in both answer accuracy and execution efficiency. In complex real-world scenarios — including code retrieval, security analysis, real-time business decision-making, and industry research — agents integrated with AnySearch also demonstrated stronger capabilities in information seeking and task completion. Rather than sifting through vast amounts of unstructured web content, AnySearch intelligently routes queries to the most relevant specialized data sources and returns accurate, concise, and execution-ready results.
A growing number of industry observers believe AI is fundamentally reshaping the underlying logic of search. For decades, search engines have focused on helping people access webpages and information. As AI agents become more active across the digital ecosystem, the next generation of search infrastructure will focus on enabling AI systems to better understand the world and autonomously complete tasks.
From this perspective, AnySearch is not positioning itself as just another AI search product, but as a new form of infrastructure for the AI era.
Learn more about AnySearch:
Website: https://www.anysearch.com/
Github: https://github.com/anysearch-ai
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SOURCE AnySearch
Technology
eclicktech Explores What Happens When AI Agents Start Owning KPIs
Published
59 minutes agoon
May 11, 2026By
XI’AN, China, May 11, 2026 /PRNewswire/ — Over the past year, the conversation around artificial intelligence in Silicon Valley has undergone a subtle yet significant shift.
From OpenAI introducing Agent-based solutions, to Anthropic launching Computer Use and Claude Cowork, and the emergence of autonomous AI systems like Devin and Manus, the industry focus is no longer centered solely on model performance or parameter competition. Instead, a new theme is becoming increasingly dominant: AI is moving beyond the “tool layer” and entering the “organizational layer.”
When financial giants like Goldman Sachs begin referring to AI coding assistants as “employee number one,” and SaaS companies shift discussions from “adding AI features” to “whether AI Agents could eventually take over the software control plane,” one thing becomes increasingly clear: AI is no longer just a copilot for human workers — it is beginning to function as an actual organizational participant.
This transformation is no longer limited to discussions in Silicon Valley. At eclicktech, a growing number of AI Agents have quietly “joined the workforce.” They are taking briefs, conducting analysis, drafting proposals, managing workflows, optimizing campaigns, and even operating with their own KPIs.
Drawing from eclicktech’s recently completed “AI Implementation Hackathon” and its large-scale AI Agent practices, a new question is emerging:
What happens when AI Agents start owning KPIs? And how will that reshape the growth systems of global enterprises?
Why Global Marketing Became One of the First Industries to “Organize Around AI”
“The rise of organizational AI wasn’t accidental — it was driven by the complexity of the business itself,” said Aodi Zhang, Chief Product Officer at eclicktech.
Global marketing today is no longer a competition of isolated creative ideas. It has evolved into a highly complex, real-time operating system involving multiple markets, platforms, languages, and creative assets running simultaneously. Millions of impressions, clicks, and conversions are generated daily, all requiring immediate analysis and response.
In this environment — one defined by high-frequency decisions, data intensity, and rapid iteration — traditional linear growth models built on scaling headcount are quickly reaching their limits. They can no longer match the increasing complexity or real-time responsiveness required by modern global businesses.
At the same time, AI capabilities have crossed a critical threshold.
Previously, AI functioned primarily as an assistive tool for isolated tasks. Today, AI Agents are capable of long-chain execution, tool orchestration, autonomous collaboration, contextual understanding, and independent decision-making.
For the first time, AI is beginning to meet the standard of an “organizational teammate.” It no longer requires constant human supervision at every step. Instead, it can understand objectives, autonomously plan execution paths, and deliver outcomes.
According to the 2025 China Enterprise AI Agent Application Research Report published by First Voice Research Institute, China’s enterprise AI Agent market reached RMB 23.2 billion in 2025, with a projected compound annual growth rate of 120% from 2023 to 2027. Behind this rapid growth is a strong enterprise demand for efficiency gains, cost optimization, and smarter decision-making.
Global marketing — with its complexity and need for real-time responsiveness — has naturally become one of the first large-scale testing grounds for organizational AI.
What Do These “AI Coworkers” Actually Look Like?
eclicktech’s recent “AI Implementation Hackathon” served as something closer to an organizational-level A/B test — placing AI directly into live business workflows to observe how organizations evolve around it.
“We no longer think of AI as a tool sitting in a browser bookmark bar,” Zhang explained. “We think of it as a teammate that can be assigned tasks, held accountable for outcomes, and integrated into operational workflows.”
Several standout projects emerged from the hackathon. But viewing them simply as “efficiency tools” would significantly underestimate their value. Once these systems are viewed through an organizational lens, it becomes clear that eclicktech has already introduced a new category of “AI coworkers” into its business operations.
These AI systems collaborate directly with human employees across the full global marketing workflow.
Hubert: The Always-On Collaboration Hub
In traditional workflows, communication between sales teams, account managers, campaign optimizers, and designers often resembled a relay race full of information leaks and disconnects.
Now, an AI system called Hubert has taken over much of that coordination.
Functioning like an always-online executive assistant, Hubert listens to fragmented requests across teams, automatically structures client information into centralized systems, and proactively alerts relevant stakeholders whenever updates occur.
Instead of relying on fragile human memory, Hubert transforms organizational knowledge into a shared operational intelligence system.
Dexter: The Data Specialist Built for Operational Problem-Solving
Anyone working in campaign optimization knows that analysts often spend the majority of their time reconciling data, identifying discrepancies, and tracing traffic sources.
Dexter now automates much of that process.
The AI system continuously monitors monetization and campaign performance dashboards. When anomalies occur, Dexter can identify root causes within minutes and generate attribution analysis and optimization recommendations before the workday ends.
By handling repetitive analytical work, Dexter enables senior analysts to focus on higher-level strategic decision-making while preserving organizational expertise as scalable operational intelligence.
Hunter & Link: AI Systems Reshaping Customer Acquisition
Within eclicktech’s business development and operations teams, two additional AI systems — Hunter and Link — are redefining sales workflows.
Hunter functions like a constantly active prospecting engine, scanning emails, LinkedIn, and websites to identify high-potential leads. It can autonomously generate personalized outreach emails and even optimize messaging through automated A/B testing.
Meanwhile, Link operates as an intelligent workflow assistant inside messaging platforms, automating inquiry collection, order notifications, and operational coordination.
Together, these systems allow human business development teams to focus less on repetitive prospecting and more on high-value negotiations and strategic relationship building.
AI Agents Are Becoming Infrastructure
These examples represent only part of eclicktech’s broader AI ecosystem.
Today, dozens of AI coworkers are embedded across eclicktech’s operations, supporting creative generation, campaign optimization, budget allocation, data attribution, intelligent customer service, and technical operations. Together, they form a goal-oriented organizational AI ecosystem.
Zhang emphasized that this does not mean organizations can completely remove humans from the loop.
“The more powerful AI becomes, the more important clear operational boundaries become,” he said. “AI handles execution and operational tasks, while humans remain responsible for oversight, judgment, and final decision-making. That human-AI collaboration model is critical for maintaining operational safety and business reliability.”
The scale of adoption is already significant.
According to preliminary estimates, eclicktech’s internal AI systems currently consume more than 4 billion tokens per day. Behind that figure is a growing number of AI Agents operating across real production environments, transforming AI computing power into measurable business growth.
Supporting this ecosystem is EC-Agent, eclicktech’s proprietary enterprise AI Agent development platform. The company says customized AI Agents can now be built in as little as five minutes, reducing development costs by up to 80% and enabling large-scale AI deployment across the organization.
From Silicon Valley’s evolving AI conversations to eclicktech’s real-world implementation, one trend is becoming increasingly evident:
When AI Agents begin owning KPIs, they are not simply improving operational efficiency — they are fundamentally reshaping how global enterprises function.
AI is no longer just an assistive tool. It is becoming an organizational participant working alongside humans. And as AI systems continue evolving, enterprises that successfully redesign themselves around human-AI collaboration may gain a significant competitive advantage in the next era of global business.
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SOURCE eclicktech
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