Technology
Laser Cutting Machine Market to Grow by USD 1.45 Billion (2024-2028) as Automation in Metal Cutting Increases, with AI Driving Market Transformation- Technavio
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2 years agoon
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NEW YORK, Oct. 16, 2024 /PRNewswire/ — Report with the AI impact on market trends – The Global Laser Cutting Machine Market size is estimated to grow by USD 1.45 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.6% during the forecast period. Increasing focus on automating metal cutting process is driving market growth, with a trend towards rising digitalization in manufacturing processes. However, availability of alternate machine tools for metal cutting applications poses a challenge – Key market players include ALPHA LASER GmbH, Amada Co. Ltd., Bystronic Laser AG, Cangzhou Lead Laser Technology Co. Ltd., Coherent Corp., El.En. S.p.A., Hans Laser Technology Industry Group Co. Ltd., HGLaser Engineering Co. Ltd., IPG Photonics Corp., Jenoptik AG, Koike Aronson Inc., Manz AG, Messer Cutting Systems GmbH, Mitsubishi Electric Corp., MKS Instruments Inc., Salvagnini Italia Spa, Shenzhen Hymson Laser Intelligent Equipments Co. Ltd., Trotec Laser GmbH, TRUMPF SE Co. KG, and Universal Laser Systems Inc..
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Forecast period
2024-2028
Base Year
2023
Historic Data
2018 – 2022
Segment Covered
End-user (Automotive, Aerospace and defense, Electrical and electronics, Industrial machinery, and Others), Product (Fiber, Solid-state, Diode, and Others), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)
Region Covered
APAC, Europe, North America, South America, and Middle East and Africa
Key companies profiled
ALPHA LASER GmbH, Amada Co. Ltd., Bystronic Laser AG, Cangzhou Lead Laser Technology Co. Ltd., Coherent Corp., El.En. S.p.A., Hans Laser Technology Industry Group Co. Ltd., HGLaser Engineering Co. Ltd., IPG Photonics Corp., Jenoptik AG, Koike Aronson Inc., Manz AG, Messer Cutting Systems GmbH, Mitsubishi Electric Corp., MKS Instruments Inc., Salvagnini Italia Spa, Shenzhen Hymson Laser Intelligent Equipments Co. Ltd., Trotec Laser GmbH, TRUMPF SE Co. KG, and Universal Laser Systems Inc.
Key Market Trends Fueling Growth
In the laser cutting industry, digitalization and the industrial Internet of Things (IoT) are driving innovation and competitiveness on a global scale. IoT, which extends beyond traditional devices to include industrial machinery like motors, drives, and sensors, enables real-time connectivity and optimization. Vendors are focusing on automation and complete integration across production lines using IoT to reduce maintenance requirements and improve efficiency. InHand Networks, a provider of industrial IoT systems, offers remote monitoring solutions like the InRouter900 for laser cutting machines, allowing operators to access programmable logic controllers and human-machine interfaces from a distance. Blockchain technology is also being explored to create secure digital supply chains, ensuring product and equipment tracking, swift manufacturing processes, and overall cost reduction, positively impacting the growth of the global laser cutting machine market.
The Laser Cutting Machine market is experiencing significant growth due to the trend towards advanced manufacturing tools and automated cutting processes. This automation leads to reduced material wastage and increased industrialization. The demand for laser cutting machines is driven by various sectors, including electric vehicles, consumer electronics, HVAC, and defense and aerospace. Fiber lasers and robotic segments are currently leading the market, with CNC technology and IoT integration also gaining popularity. High initial costs and maintenance challenges are challenges for businesses considering investment in laser cutting machines. However, the benefits of operational efficiency, high-quality cuts, and customized products outweigh these challenges. Demand for steel and various manufacturing applications also contribute to the market’s growth. After-sales services and segmentation analysis are crucial for businesses looking to maximize their investment. Key demand drivers include automation, eCommerce, sustainability, and data analytics. Fiber-based technology, mechanized operation, smart technology, and solid-state lasers are also driving the market forward. The market is segmented into various types, including fiber lasers, gas lasers, and semiconductor lasers. Applications include macro-processing, sublimation cutting, fusion cutting, and flame cutting. The market is expected to continue growing, with innovation in technology and product development being key factors.
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The laser cutting machine market has faced significant competition from waterjet cutting machines, particularly in applications involving heat-sensitive and heat-resistant materials. Waterjet cutting machines use a mixture of water and abrasive to make precise cuts without generating heat, eliminating the need for secondary operations like polishing and restoration. This cold cutting process is preferred in industries such as construction, automotive, electronics and electrical, and aerospace, where materials like plastic, foam products, wood, rubber, stainless steel, alloy steel, titanium, Inconel, and Hastelloy are commonly used. The absence of heat-affected zones and burrs in waterjet cutting makes it a more cost-effective and efficient solution for these industries. Consequently, the demand for laser cutting machines for heat-sensitive applications is expected to decrease during the forecast period.
The Laser Cutting Machine market is experiencing significant growth due to increasing demand in various industries, including consumer electronics, HVAC, and defense and aerospace. Segmentation analysis reveals key markets for fiber laser cutting, solid-state lasers, and gas lasers. Demand drivers include automation, customized products, eCommerce, and the Internet of Things. Challenges include high initial investment, fiber-based technology, and after-sales services. Manufacturing applications, such as automotive and machinery, drive demand for high-quality cuts and efficiency. Fusion cutting, flame cutting, and sublimation cutting offer alternative solutions. Product development focuses on energy efficiency, maintenance costs, and precision. Demand for steel remains strong, with applications in mechanical engineering and construction. The market is also influenced by trends like sustainability, data analytics, and smart technology. Efficiency, consumer electronics, and the electronics industry are key growth areas. However, challenges remain, such as high power consumption, harmful gases, and the need for mechanized operation. Competition from traditional cutting methods and the emergence of new technologies, like CO2 lasers, also pose threats. Overall, the Laser Cutting Machine market offers significant opportunities for innovation and growth.
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Segment Overview
This laser cutting machine market report extensively covers market segmentation by
End-user 1.1 Automotive1.2 Aerospace and defense1.3 Electrical and electronics1.4 Industrial machinery1.5 OthersProduct 2.1 Fiber2.2 Solid-state2.3 Diode2.4 OthersGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa
1.1 Automotive- The Laser Cutting Machine market is experiencing significant growth due to increasing demand from various industries such as automotive, construction, and packaging. These machines offer advantages like high precision, flexibility, and efficiency, making them a preferred choice for manufacturing processes. Key players in the market include Trumpf, Epilog Laser, and Trotec Laser. Market growth is driven by factors like technological advancements and rising demand for customized products.
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Research Analysis
The Laser Cutting Machine Market is experiencing significant growth due to the increasing adoption of advanced manufacturing tools and automated cutting processes in various industries. This market is driven by the need for material wastage reduction, industrialization, and the integration of IoT and smart technology. The production of electric vehicles is also contributing to the demand for laser cutting machines, as they enable high operational efficiency and customized products. However, the high initial costs and investment required for these machines pose an economic burden for some businesses. The market is segmented into fiber lasers, CNC technology, and the robotic segment, with fiber-based technology and mechanized operation being key trends. The market is expected to grow further with the increasing demand for advanced laser processing in consumer electronics, eCommerce, and sustainability initiatives.
Market Research Overview
The Laser Cutting Machine Market is witnessing significant growth due to the adoption of advanced manufacturing tools and automated cutting processes. This technology offers material wastage reduction, which is essential for industrialization. The increasing demand for electric vehicles and the economic burden of traditional manufacturing methods are driving the market. The market segmentation includes fiber lasers, CNC technology, and robotic segment. Fiber lasers are popular due to their high operational efficiency and ability to make high-quality cuts. The market faces challenges such as high initial costs, maintenance challenges, and high power consumption. IoT integration and data analytics are improving production capacities and reducing maintenance costs. The demand for laser cutting machines is high in manufacturing applications, including consumer electronics, HVAC, and automotive industries. After-sales services and customized products are essential for customer satisfaction. Demand drivers include automation, sustainability, and eCommerce. The market is segmented based on material processing, such as fiber-based technology, solid-state lasers, gas lasers, and semiconductor lasers. Applications include defense and aerospace, fusion cutting, flame cutting, sublimation cutting, and product development. Precision and energy efficiency are crucial factors in the market, with fiber laser cutting and macro-processing leading the way. The market faces challenges such as high initial investment, maintenance costs, and harmful gases. However, the benefits of laser cutting machines, including high-quality cuts and mechanized operation, outweigh the challenges. Smart technology and efficiency are key trends in the market, with the Internet of Things (IoT) playing a significant role in improving operational efficiency.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
End-userAutomotiveAerospace And DefenseElectrical And ElectronicsIndustrial MachineryOthersProductFiberSolid-stateDiodeOthersGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company 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.
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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Technology
JK Tech Brings Agentic AI to the Forefront at Two Major Industry Events
Published
1 hour agoon
May 12, 2026By
NEW YORK, May 12, 2026 /CNW/ — JK Tech, a global AI and Data solutions provider has announced its participation in two premier U.S. industry forums- HFS Spring Summit and Datos Regional Property & Casualty Insurance Forum, underscoring its commitment to helping U.S. enterprises accelerate AI-led transformation with measurable business outcomes. The company will showcase how its AI-first portfolio is enabling enterprises across industries to move beyond experimentation and operationalize intelligence at scale.
As U.S. businesses grapple with growing complexity, disconnected systems, and mounting pressure to do more with less, JK Tech is stepping in with a clear message: intelligence shouldn’t sit in silos- it should be adaptable and agile.
At the HFS Spring Summit, the spotlight falls on JIVA, JK Tech’s enterprise-ready Agentic AI platform, alongside its Enterprise Ontology framework. Together, these solutions help organizations build AI systems that are contextual, governed, and explainable — not just powerful. The goal is faster decisions, modernized service delivery, and meaningful transformation across enterprise operations. Retail and commerce leaders will also get a look at Orbiee, JK Tech’s conversational commerce platform, which brings intent-aware, emotionally intelligent engagement to customer interactions, driving more personalized experiences, stronger loyalty, and better conversion outcomes.
At Datos Insights, JK Tech shifts focus to the insurance sector, showing how the same AI-led approach can help insurers modernize underwriting, claims, customer service, and core operations. The emphasis is on contextual intelligence, responsible AI, and automation that delivers real, measurable results, not just technological novelty.
Across both events, JK Tech’s core argument is consistent: the future of enterprise AI isn’t about isolated pilots. It’s about systems that work together, at scale, in the real world.
“U.S. enterprises are no longer looking for AI that simply informs, they need AI that acts,” said Deepak Srinivasan, Chief Solutions Officer at JK Tech. “We’re helping organizations move from disconnected experimentation to intelligent, outcome-driven execution by combining agentic AI, trusted enterprise data, and domain context into systems that deliver measurable business value.”
By participating in both forums, JK Tech is reinforcing its role as a reliable transformation partner for U.S. enterprises.
About JK Tech
JK Tech is a GenAI-focused data and AI services organization empowering enterprises across Retail, CPG, and Insurance. Through deep expertise in data platforms, AI orchestration, and enterprise transformation and flagship solutions such as JIVA, its Gen AI Orchestrator, and Orbiee, its conversational commerce platform, JK Tech helps global organizations unlock actionable insights, operational excellence, and sustainable growth. To learn more, visit www.jktech.com. Find JK Tech on X, LinkedIn.
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SOURCE JK Tech
Technology
Instacart Joins Collaborative for Healthy Rural America (CHRA) to Expand Access to Nutrition and Essential Goods
Published
1 hour agoon
May 12, 2026By
The collaboration supports states advancing CMS Rural Health Transformation initiatives with technology-enabled implementation, AI-driven virtual primary care, and integrated access to food and community-based services
WASHINGTON, May 12, 2026 /PRNewswire/ — The Collaborative for Healthy Rural America (CHRA) today announced that Instacart has joined the collaborative, expanding its ability to help states address chronic disease and improve health outcomes by integrating access to nutritious food and essential goods into coordinated care delivery models. The addition of Instacart further enhances the collective approach to longitudinal, AI-enabled primary care and community engagement advanced by Deloitte Consulting LLP, Lumeris, Nuna, Teladoc Health, and Unite Us.
The addition of Instacart comes as states begin implementing new Rural Health Transformation (RHT) initiatives with funding from the Centers for Medicare & Medicaid Services (CMS). State teams are pivoting from outlining five year plans to operationalizing and demonstrating near term progress.
“Expanding access to nutritious food is one of the most powerful things we can do to improve health outcomes,” said Sarah Mastrorocco, Vice President and General Manager of Health at Instacart. “Through Instacart Health, we’re working to use delivery of nutritious groceries as a tool to help Americans prevent and manage chronic conditions. By joining CHRA, we have an opportunity to integrate our capabilities into care delivery models further, helping states address the root causes of disease while improving access, engagement, and outcomes in rural communities.”
With approximately $10 billion in first-year RHT funding awarded nationally, states are advancing implementation within defined timelines while strengthening workforce capacity, governance structures, and performance management capabilities required under CMS cooperative agreements. As Year 2 funding decisions are informed by Year 1’s progress, states are focused on demonstrating early implementation while building durable systems designed to be sustained beyond federal funding.
The CHRA was formed to support state-directed implementation of CMS’s RHT program. CHRA brings together private sector experience and proven, interoperable technology to help states move rapidly from planning to execution. By combining advanced analytics, virtual care, interoperable data platforms, and closed-loop referrals for community-based service integration, CHRA enables states to operationalize complex rural health transformation initiatives at scale, reducing the need for each state to build new capabilities from scratch.
CHRA’s founding collaborators include Deloitte, Lumeris, Nuna, Teladoc Health, and Unite Us. The addition of Instacart to the collaborative helps states expand access to nutritious foods and everyday essentials to address chronic disease and related needs. Together, CHRA represents a comprehensive operating model that is intentionally aligned with CMS expectations, reducing the need for health systems to assemble and manage disparate components independently
Built Around State-Identified Challenges
CHRA conducted a detailed review of publicly available state RHT plans to understand the challenges states themselves have identified as most urgent. While needs vary by geography, four themes consistently emerged across plans.
1. Infrastructure Misalignment in Rural Health Systems
States across the country describe a structural mismatch between legacy rural health infrastructure, declining populations, and fee-for-service payment models. The State of Wyoming notes that rural hospitals face “high fixed costs and low patient volume,” while still needing to maintain emergency capacity. Vermont reports that more than half of hospitals operate at a loss due to low volume, workforce shortages, aging infrastructure, and high fixed operating costs. Illinois highlights large inpatient facilities that are rarely fully occupied, undermining financial viability. Across the country, rural health transformation plans converge on the need for alternative payment models, redesigned delivery systems, flexible workforce strategies, and technology-enabled care to create sustainable models of care.
How CHRA can help states:
CHRA supports states in exploring and operationalizing redesigned care delivery models better suited to low volume, high fixed cost environments such as those intended to be addressed by RHT initiatives. At the core of this approach is the transformation of primary care from episodic, site-based care to continuous, coordinated, and population-driven models that better meet the needs of rural communities.
Through interoperable service models, built to complement existing EHR and HIE systems, CHRA has the opportunity to support beneficiary identification, outreach, virtual and in-person care, care coordination, and outcomes tracking. For instance, CHRA member Lumeris, powered by Tom™, enables primary care teams to operate with greater reach and efficiency—proactively managing patient populations, closing care gaps, and extending care beyond traditional settings.
These supports, alongside virtual care delivery through Teladoc Health’s network of providers and Nuna’s AI-native patient engagement mobile app, introduce a more scalable, prevention-oriented primary care model that aligns payment, workforce capacity, and service delivery with population needs while relieving rural facilities of the burden of sustaining underutilized infrastructure on their own.
2. Gaps in Preventive Care Delivery
States report persistent barriers to preventive services. The State of Iowa cites gaps in early detection and prevention. The State of Maine highlights limited capacity for population-level screening and outreach. Workforce shortages, transportation challenges, and infrastructure constraints limit consistent access to preventive care.
How CHRA can help states:
CHRA leverages population data, predictive analytics, and AI-supported outreach to help states identify priority populations and close preventive care gaps. Unite Us’ Self Sufficiency Score establishes a benchmark, connecting rural residents to medical, behavioral, and community support services via an integrated closed-loop referral and payment platform.
Utilizing the Tom™ platform, CHRA extends prevention beyond episodic care by continuously monitoring patient needs, proactively identifying rising risks, and engaging individuals between visits through timely, personalized outreach. By orchestrating interventions across care teams and community resources, Tom helps ensure preventive actions happen earlier, before conditions escalate, enabling more consistent care, improving health outcomes, and reducing downstream costs associated with avoidable complications.
3. High Burden of Chronic Disease
Chronic disease management is a central concern across state plans. The State of Nevada identifies heart disease, cancer, and chronic lower respiratory disease as leading causes of death. The State of New Jersey emphasizes the need to modernize identification and access to treatment. The State of New Mexico calls for expanded specialty access and evidence-based models, while the Commonwealth of Virginia highlights access to nutrition as a root cause of poor health.
How CHRA can help states:
CHRA helps states more effectively prevent and slow chronic disease by enabling continuous, data-driven management of patient populations. Tom identifies rising-risk individuals, closes care gaps, and proactively engages patients between visits—supporting adherence, surfacing unmet needs, and coordinating timely interventions across care teams. Through CHRA, partners like Teladoc Health that integrate Instacart Health tools, will extend this model by enabling interventions that deliver personalized, clinically aligned nutrition support directly to patients, addressing key drivers of chronic conditions. Using Instacart Health Fresh Funds, stipends for nutritious food, and Care Carts, which allow organizations to order groceries on behalf of others, partners can build programs that address the needs of rural communities. Together, this approach tackles root causes, improves long-term disease management, and reduces avoidable emergency utilization.
4. Workforce Shortages and Provider Access
States consistently cite challenges with recruiting and retaining providers. The State of Ohio reports service lines at risk due to workforce shortages. The State of Nevada ranks near the bottom nationally in physician availability. The State of Georgia reports that most counties are facing a shortage of OBGYNs or pediatricians. Nationally, more than 190 rural hospitals have closed since 2005, with hundreds more at risk, according to the North Carolina Rural Health Research Program.
How CHRA can help states:
CHRA supports Primary Care as a Service (PCaaS) models using solutions like Lumeris’ Tom™ platform, which provides the backbone technology that extends provider capacity through AI-assisted triage, virtual care, and team-based workflows. Deloitte provides cross-platform interoperability and data integration services, grounded in decades of experience supporting states. And Teladoc Health has the largest nationwide network of virtual care providers including licensed clinicians, therapists, and health coaches, and can help patients access care quickly amid shortages or barriers to care. These approaches aim to expand access while keeping local providers at the center of care and reducing burnout.
Looking Ahead
States will report Year 1 progress to CMS in October 2026. Those that demonstrate measurable improvements in access, utilization, and sustainability will be positioned for continued funding. CHRA’s role is to support states in achieving early momentum while building sustainable rural health systems.
About CHRA
The Collaborative for Healthy Rural America (CHRA) is a coalition of organizations supporting state led rural health transformation initiatives through coordinated, implementation focused support across care delivery, data, community integration, and sustainability.
Learn more: https://healthyruralamerica.org
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SOURCE Lumeris
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Branford Castle-Backed Lafayette Instrument Acquires Sutter Instrument Corp.
Published
1 hour agoon
May 12, 2026By
Significantly Expands Its Life Sciences Instrumentation Product Offerings
NEW YORK and BOCA RATON, Fla., May 12, 2026 /PRNewswire/ — Lafayette Instrument, LLC, a leading global manufacturer of scientific instrumentation equipment for the life sciences, polygraph and human evaluation markets, today announced that it has acquired Sutter Instrument Corp. Terms of the transaction were not disclosed.
Lafayette is a portfolio company of North American-focused private equity firm Branford Castle Partners. Sutter marks the fifth bolt-on investment for Lafayette since being acquired by Branford Castle’s Fund II in 2021.
With the acquisition of Sutter, Lafayette reinforces its commitment to provide unparalleled support to the life science research community through experiment-focused software and instrumentation. Sutter is a leading provider of precision scientific instruments used by universities and research institutions globally for electrophysiology, neuroscience, and other related life sciences research.
Benjamin Mangrich, CEO of Lafayette Instrument, said, “Sutter Instrument has been a global leader in instrumentation supporting cellular research and electrophysiology for over 50 years. The company’s strong product portfolio, deep technical expertise, and commitment to customer success make them a natural complement to Lafayette Instrument’s Life Science portfolio.”
Ceon Francis, Managing Director at Branford Castle, stated, “This acquisition strengthens Lafayette’s platform and broadens its product offering to better serve a growing base of life sciences customers who demand the latest tools and technology. We are excited to collaborate with management as we continue to build on the company’s momentum and drive long-term growth.”
Branford Castle was advised by its legal counsel Akerman LLP, and RSM served as its accounting/tax advisor. EC M&A acted as financial advisor and Donahue Fitzgerald LLP acted as legal advisor to Sutter. Byline Bank is providing senior debt financing and Brookside Capital Partners is providing mezzanine debt financing for the transaction.
ABOUT BRANFORD CASTLE PARTNERS
Branford Castle is a private market investor focused on lower middle-market investments, with more than 35 years of helping to grow businesses. The Firm typically makes control investments in companies with up to $15 million of EBITDA and a leadership position in a niche industry. Branford Castle prides itself on the strong relationships it develops with its portfolio company managers. Branford Castle has particular expertise in industrials/specialty manufacturing, consumer products, business services and logistics.
ABOUT LAFAYETTE INSTRUMENT
Lafayette Instrument Company has over 75 years of experience engineering and manufacturing high-quality scientific instrumentation and data acquisition equipment for disciplines such as biology, neuroscience, pharmaceutical and medical research, physical therapy and rehabilitation, security, and law enforcement. Lafayette is positioned at the forefront of neuroscientific discovery, human evaluation, and credibility assessment.
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Jennifer.hurson@llyc.global
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SOURCE Branford Castle Partners
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